NON-Standard HMO mortgage solutions for landlords If you have been beavering away trying to find lenders that can look at non-standard HMO mortgages then stop you have come to the right place. HMO mortgages with Vulnerable Tenants are hard to come by for casual HMO Mortgage Brokers. They are not visable on industry mortgage search engine tools but they do exist and seasoned HMO Mortgage … [Read more...]
Mortgage and product news, best buys and tips
£63.4billion of remortgages could take place from March to June 2019
When was the last time you checked your mortgage? Save money by remortgaging seems like a sensisble action to take after all it's probably your biggest outgoing. A study by Barclays in January 2019 revealed that £63.4billion worth of residential mortgages and almost £5.7billion worth of buy to let mortgages could be reviewed between March and June 2019 as they are outside their early repayment … [Read more...]
How do lenders view purchase incentives from Developers
Purchase incentives from property developers to fund part of the deposit or stamp duty or other goods. For many years purchase incentives for property have been offered. The main concentration for purchase incentives is developers of new build plots, and the target market for property incentives is typically first time buyers. From a mortgage lender perspective purchase incentives are often … [Read more...]
Capital Raising Remortgages
Acceptable reasons for rasing money on property January is often a time when you feel impervious and Capital Raising Remortgages might be a way to dust off the New Year blues. Capital Raising Remortgages are generally available from most Mortgage Lenders up to 75% of your property value, however some first charge Mortgage Lenders will stretch to 95% and second charge Mortgage Lenders … [Read more...]
Mortgages on a property with Restrictive Covenants inc Section 106
Can I buy a property with Restrictive Covenants using a mortgage? Mortgages on a property with Restrictive Covenants (including Section 106) can be difficult. Historically Mortgage Lenders would direct their surveyors and solicitors to make sure a property did not have any covenants that would restrict re-saleability as this is the asset they are lending against, and in the case of non-payment … [Read more...]
What qualifications should my Accountant have to support my mortgage?
Choosing the wrong Accountant for mortgage purposes may lead to disappointment What qualifications should my Accountant have to support my mortgage? On the face of it you may have been unaware that certain Tax Advisors are unable to vouch for your financial well-being when it comes to getting a mortgage. For example there are well known franchises that operate Accountancy Practices but when you … [Read more...]
Borrow more on a remortgage using your ex-husband’s income?
Can I use my ex-husband’s earnings to support my remortgage? If you are looking to borrow more on a remortgage using your ex-husband’s income then you are reading the right article. The same applies if you are looking to borrow more on a remortgage using your ex-wife’s income. The key to obtaining a remortgage using your ex-husband’s income is how amicable the split is as full co-operation … [Read more...]
Finance for tax bills in 2019
Need to pay a Tax bill in 2019, we might be able to help. Corporation tax finance Finance for tax bills is an sector we help with increasingly. It’s perhaps unsurprising the finances for tax bills have increased as the Government has increased property income tax and removed the ability to pay them by credit card. Also in the coming month's tax on dividends is likely to accelerate to … [Read more...]
95% Self-employed mortgages using the latest years income
Can I get a mortgage working off latest years income figures If you are reading this article you probably are interested in mortgages working off latest years income as it will have a direct bearing on your borrowing potential. Mortgages working off last year’s accounts are typically polarised into two categories: Companies trading 1 yearCompanies trading 2 or more years where the profits … [Read more...]
Buying property for kids under the age of 18 years
Getting a Mortgage and Buying property for your children Buying property for kids can be a way of securing their future. Most parents will look to buy property for their kids when they are grown up or studying, and there are a number of mortgage solutions available, however, did you know you can start buying property for kids before they reach the age of 18 using a special “buying property for … [Read more...]