If you have taken out a payday loan in the past getting a mortgage will be harder depending on your past conduct and timescales. Payday loans are one way of making the month feel shorter but what can be a “one off” can mean the next month is even harder to navigate. Before you know it there is no light at the end of the tunnel. Borrowing against property using the Second mortgage to clear … [Read more...]

Release equity on your buy to let property but still, keep the competitively priced existing mortgage in place even if your current lender does not give consent for a  Buy to Let Secured Loan. There are some excellent buy to let existing first charge mortgage rates which landlords would not want to replace but still would ideally like to release equity from the properties. A second charge … [Read more...]

Consolidate personal debt, Raise money , Pay tax bill, complex income streams a second mortgage might be the right solution for you.  Money can be tight particularly in the months of December, January and February so I thought I’d write today about the virtues of a Second Mortgage product. A Second mortgage product can be used to borrow anything from £3,000 up to £2,500,000 … [Read more...]

Buy to let capital release to fund deposits I speak to Landlords daily and often hear impart this sentiment: “My current interest rate on my buy to let mortgage is great so I don’t want to change it. However the property has gone up in value and I want do a Buy to let capital release to fund my portfolio expansion”. Why do I hear this so often? Well pre credit crunch the Trackers were … [Read more...]

What are your finance options if you have been Self employed for a few months and need to raise money  Niche Advice has access to many different types of Finance options. If you have only been self employed for a few months getting a standard mortgage using your income will be very difficult and would need to very good prior experience in the same field. For a standard Mortgage we now have access … [Read more...]

Need to raise money but want to keep the existing interest only mortgage Interest only mortgages are by and large reserved for the rich these days so capital raising can be a real problem if the lenders won’t  allow you to remortgage. but we have a way where you can keep the existing interest only mortgage. That’s right most lenders have a notional minimum salary and equity requirement before … [Read more...]

Getting finance with Missed mortgage payments in the past  In experience missed mortgage payments are the by-product of an event but lenders and other brokers may not even give you the chance to explain and write you off. From my perspective I would, as a valued Mortgage Broker, always listen and not judge, take the time to understand why you’ve had the set back and fight your corner to get … [Read more...]

Consolidating debt and capital raising on secured loans on buy to let properties Secured loans can be an effective way of consolidating personal debt; and when secured on buy to lets they could drive down your property income tax bill in the process by offsetting the increased mortgage balance against your rental profit. Unlike first charge lending the tolerance to adverse credit and short … [Read more...]