Commercial usage near my property is stopping me getting a mortgage If you are reading this article on “Mortgage declined as near Commercial properties” you are undoubtedly you are feeling frustrated right now. Below I provide an insight to hopefully bring a smile back onto your face. Just so you know this article forms part of my “my properties are stopping me getting a mortgage series” … [Read more...]
Is your Buy to Let portfolio size too big we can help.
Dealing with large Buy to Let portfolio size issues and different lending criteria. If you are reading this article on “Buy to Let portfolio size” you are undoubtedly you are feeling frustrated right now. Below I provide an insight to hopefully bring a smile back onto your face. Just so you know this article forms part of my “my properties are stopping me getting a mortgage series” and … [Read more...]
Buy to Let Lenders that do not stress test background portfolio
The rental coverage of my Buy to Let portfolio is stopping me getting a mortgage If you are reading this article on “the rental coverage of my portfolio is stopping me getting a mortgage” you are undoubtedly you are feeling frustrated right now. Below I provide an insight to hopefully bring a smile back onto your face. Just so you know this article forms part of my “my properties are … [Read more...]
Mortgages after a Repossession
Mortgages after a Repossession If you are reading this article you are probably interested in getting a mortgage after a repossession. The reality is the mortgage bill is normally the acid test of assessing your willingness to repay debt, as after all a ‘property’ is at stake. Therefore Mortgage Lenders, even the most tolerant, will not like you to have missed multiple payments in the last … [Read more...]
Seven common mistakes on Right to Buy mortgages
In this article I will cover the most common mistakes and misconceptions I hear from would-be Right to Buy applicants who are looking to use a mortgage to support their aims.1. Affordability needed to qualify for a mortgage will be easy to meet. Mortgages are typically taken out for 100% of the discounted purchase price. This will be a fraction of the property value as it is often assumed … [Read more...]
5 year fixed Buy to Let Mortgage for under 2%
5 Year Fixed Buy to Let 1.94% It’s rare that I write on excellent mortgage products, such as this stonking 5 year fix, but this one is so good I had too. Why, well first off it’s under two percent which is highly competitive but also because it has a flat lender arrangement fee rather than a percentage based one – and it’s from The Mortgage Works stable. The Mortgage Works, is the buy to … [Read more...]
Is Bridging Finance faster than a mortgage
Looking past all the Bridging Finance sales talk Is bridging Finance faster than a mortgage might seem like an obvious question but a recent article in Bridging Introducer a leading trade magazine said the average time to completion is 41 days. Which seems about right and detached from often instant timeframes spouted but some credit brokers. Don't get me wrong there are cases being … [Read more...]
How to compare mortgages
Compare mortgages by “Total Cost” for an accurate appraisal What is the best way to compare mortgages? There are two main methods of comparing mortgages: Initial Interest RateTotal cost In this article I’ll explain them. Just so you know at Niche Advice our default choice is “Total Cost” but every client has different needs so it’s advisable to talk this through with your Mortgage … [Read more...]
Bridging loan extension without a broker fee
Need a Bridging loan extension how about deal with expert brokers and paying no broker fees What can you do if your bridging loan is running out and you need an extension? Ordinarily if you need a bridging loan extension the best place to start is with your current Bridging Lender. However not all Bridging Lenders are accommodating with bridging loan extension requests. And, if you turned down … [Read more...]
Re bridge without being charged a broker fee
Are you looking to re-bridge without being charged a broker fee - if so you are reading the right article. There could be a number of reasons why you are looking to re-bridge without being charged a broker fee, here are just some of them: • The term is running out. It could be your project has overrun? The original advice you had on the bridging length was poor? The bridging lender may … [Read more...]
