First Time Buyer Mortgage questions answered This decade has seen a number of initiatives to stimulate first time buyer activity. These include cheap funds to banks for higher loan-to-value lending; Help to Buy equity loans and ISA incentives, stamp duty breaks and heavier taxation to put off landlords to free up the stock. In addition, the banks have adapted their policies to allow outside … [Read more...]
Mortgage and product news, best buys and tips
Another lender moves to 5.5 times income in standard criteria
Great news as main bank offers 5.5 times income via mortgage brokers From 11th of October Barclays for Intermediaries will be offering a 5.5 times income multiple mortgages for the following selected clients: Mortgages must be taken on a “repayment” basisSingle applicants must earn at least £75,000 per annumJoint applicants must collectively earn £100,000 per annum between themMust have … [Read more...]
Self employed mortgage
Self-employed mortgage tips. All the bits other brokers may not know or tell you about. Mortgage Lenders treat self employed mortgage applicants differently to employed ones. A longer track record is almost certainly going to be required and an averaging of income across multiple years is common. As a professional Mortgage Broker, I hear all sorts but usually can find a suitable lender to … [Read more...]
Buy to let mortgage with payment breaks
As I know first hand tenants aren't always the most reliable so a buy to let mortgage with payment breaks can be very helpful. So why is it Buy to let mortgages with payment breaks are not easy to come by? As well as a Landlord; I'm a professional Mortgage Broker too and in this article, I'll explain why and how there are options open to you. Lets start with the Buy to Let Mortgage Lender's … [Read more...]
Self Employed Mortgages for photographers
Self Employed Mortgages for photographers working under a sole trader or limited company This mortgage article is aimed at professional Photographers that have an element of self employed income and therefore make a tax return submission to HMRC. As a Photographer, it is likely your work is seasonal. Weddings; graduations, party conferences, concerts, Christmas parties, festivals, film … [Read more...]
Self Employed Mortgages for personal trainers
Self-employed personal trainer Mortgage solutions This mortgage article is aimed at Mortgages for personal trainers that have an element of self-employed income and therefore make a tax return submission to HMRC. As a Personal Trainer, you will be accustomed to putting together a programme to make your clients fit and safe. It will often be "bespoke" and always appropriate for the … [Read more...]
Mortgages for home improvements
How Mortgage Lenders compartment home improvement categories. Home improvements have been an acceptable reason for a remortgage since time immemorial. The phrase "home improvements" can, however, mean different things to different folks. I am a professional Mortgage and Finance Broker and importantly I'll try in this article to demystify how Mortgage Lenders compartment home improvement … [Read more...]
Mortgages when downsizing
Looking to sell up and move into a smaller property find out how this can be done and more importantly financed Downsizing used to be a desire limited to people retiring when often mortgages had been paid off and their children had made their own way in life. The intention was to move from the City or Suburbs to a coastal area releasing money in the process to make retirement more enjoyable or … [Read more...]
Do lifestyle choices prevent you from getting a mortgage
lifestyle choices and Mortgages If you have been following the news you may have read about a lifestyle choice preventing someone from getting a mortgage? The gentleman in question was purported to have been addicted to tanning injections and cited this as a reason for his decline by perhaps the best-known specialist lender in the land. We will never be privy to the complete rationale for … [Read more...]
Renting to a family member and getting a mortgage
Looking at Multiple ways of Renting to a family and getting a Buy to Let Mortgage If you are reading this article on "Renting to a family member" you may have been stonewalled by the Mortgage Lenders you have approached. It's certainly not a case of "blood is thicker than water" in most Mortgage Lenders eyes. By why is this? I'm a professional Mortgage Broker and in this article, I will … [Read more...]
