Do I need to get a new mortgage following the HMO licencing changes? When do I have to obtain a HMO licence? Normally you’re obliged to inform your Mortgage Lender of any significant material changes to the property or its tenancy arrangements. For example if the mortgage was taken out on the basis of a let to a single family and now it’s a Multi-let or House in Multiple Occupation (HMO) they … [Read more...]
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Mortgages for Barristers
Borrowing the maximum based on Barrister income The chances are if you are a Barrister and reading this article on ‘mortgages for Barristers’ it’s in the small hours of the day as I know how long you guys work. Obtaining the right mortgage if your a Barrister can also be a challenge because as well as the long hours I appreciate you often have a mixture of fixed fees, hourly rates and … [Read more...]
Mortgage options for ex-local authority flats with balcony deck access
Flat with balcony deck access - we have a range of lenders that will lend on this type of property. If you bought a flat with balcony deck access in the last 10 years you may have experienced difficulty getting a mortgage or are perhaps on a high interest rate. The Credit Crunch has meant that what funding has been available has often channelled in more desirable property to give … [Read more...]
80% loan to value Let to buy Remortgage
80% Loan to value Let to Buy - Getting the maximum Remortgage amount by converting existing property into a Let to Buy Let to buy remortgages have traditionally been capped at seventy to seventy-five per cent of the property value. These options remain available and often attract good rates. However, there is a growing bank of 80% Loan to value let to buy remortgage most of which have … [Read more...]
Buy to Let your existing property to buy a new home
Remortgage your existing residential mortgage onto a buy to let so you can by another residential If you're looking to Buy to Let existing your property it's important that you aware of all the facts when it comes to this type of transaction including calling this type of transition by its correct name is Let to Buy. A Let to Buy Mortgage affords greater consumer protection … [Read more...]
Getting the maximum Mortgage for Barristers
Getting a Mortgage for Barristers and borrowing the maximum based on Barrister income employed or self-employed. The chances are if you are a Barrister and reading this article on ‘mortgage for Barristers’ it’s in the small hours of the day as I know how long you guys work. Obtaining a mortgage can also be a challenge because as well as the long hours I appreciate you often have a mixture of … [Read more...]
Will paying off my ccj help me get a mortgage?
Are satisfied ccjs ignored when applying for a mortgage? Firstly I must start by stating clearly I’m not a debt advisor and this article on clearing ccjs is written in the context of obtaining a mortgage or secured loan. The other thing to bear in mind is I will be generalising in my analysis of satisfying ccjs to get a mortgage. Every individual case should be discussed in full with a … [Read more...]
Mortgage to pay a tax Bill and stop HMRC proceedings before it’s too late
Frequently asked questions on how to get a Mortgage to pay a tax bill We are getting more and more enquires around getting a Mortgage to pay a tax bill and stopping HMRC proceedings. It could be that when HMRC stopped accepting payment of tax bills by credit cards on 13th January 2018 mortgages become a preferred option? Firstly, I must point out that the sooner you deal with HMRC tax matters … [Read more...]
Refinance with a CCJ – County Court Judgement
Refinance with a CCJ? Court court judgements are preventing me swapping my mortgage Things can get very tricky when you're looking to Refinance with a CCJ. County Court Judgements (CCJs) can put Mortgage Lenders off particularly if they have been registered recently. Don’t get me wrong there are remortgage options but these quickly diminish if the CCJ is very high or if there are a number of … [Read more...]
Best Mortgage with a New Job
What is the minimum time to get a Mortgage with a New Job Getting a mortgage with a new job is a distinct possibility but as Mortgage Lenders apply different rules you are better enlisting the services of a professional Mortgage Broker to avoid disappointment. To explain further every Mortgage Lender will have a defined set of rules for … [Read more...]