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...]
Mortgage and product news, best buys and tips
Employed by family can I get a mortgage?
Mortgage lending criteria for clients who are employed by the family business. At Niche advice we have helped many clients get a mortgage while working for a family business. But be warned Mortgage Lenders will take extra steps to ensure the facts presented to them are correct when it comes to clients employed by family. If you are employed by family then here are some of the checks you should … [Read more...]
Getting a buy to let mortgage with low EPC rating
Low EPC rating is stopping my buy to let mortgage plans If you have a low EPC rating then getting a conventional buy to let mortgage is nearly impossible. What is a low EPC rating? It’s the bracket your property falls under into terms environmentally friendly energy consumption. And, Mortgage Lenders and their Solicitors police mortgage transactions to make sure they are hitting the legal … [Read more...]
Benefits of holding buy to let as Tenants In Common
Should I structure my buy to let as “Tenants In Common”? Should you structure your buy to let as “Tenants In Common” is a good question. Tenants In Common” is one of the most useful tools from a financial planning perspective including buy to lets. Detailed tax advice should also be sort from an Accountant or Solicitor. I’m a Buy to Let Mortgage Broker and see it as my responsibility to … [Read more...]
Voluntary Right to Buy Mortgage
Information on the Midlands Voluntary Right to Buy mortgage If you are based in the Midlands you may be entitled to the Voluntary Right to Buy (VRTB) pilot scheme for housing association tenants - and if so maybe you’re looking for a Voluntary Right to Buy mortgage to finance the purchase? Voluntary Right to Buy is an extension to existing Right to Buy rules. It provides assured tenants of … [Read more...]
Getting a Mortgage with a job offer letter or employment contract
Mortgage within 3 months of your start date with a job offer letter or employment contract Mortgages with a job offer letter or employment contract are not generally available, however, there are 3 Mortgage Lenders that I’m aware of that are in this space. The maximum period between the start date is normally capped at 3 months although we do have a Mortgage Lender that will consider job offer … [Read more...]
Choosing the right Solicitor for your limited company buy to let mortgage
Can any solicitor or conveyancer help with limited company buy to let mortgages? Please can I start by saying we are not a legal firm but a Mortgage Broker that advises on limited company buy to let mortgages. From my perspective I take the recommendation of a Solicitor to a client very seriously as it will reflect on my judgement. Limited Company conveyancing is in my opinion unsuited to … [Read more...]
I need a loan or mortgage to pay for my wedding
Borrowing to pay for your wedding Borrowing on a mortgage to pay for a wedding is not the ideal start of a married life but a reality for most. In a 2017 survey featured in The Independent the average cost of a wedding was £27,161 a figure that is difficult to reach on personal loans and credit cards; so the alternative may be a remortgage or second mortgage. The better news is interest rates … [Read more...]
10 Year Fixed mortgage products are on the rise
Is it time to start looking at 10 Year Fix mortgage options Lock your mortgage payments into a long-term fixed rate It’s fair to say there currently economic uncertainty in the UK so why not cement your mortgage on a long term fix, say for ten years. Mortgage bills are usually one of the main household expenses so it’ll be one less thing to think about. A rationale statement but rate … [Read more...]
Remortgage to convert your Buy to Let into an HMO
Convert your Buy to Let property into an Houses in multiple occupation - HMO You may have been caught out by the reclassification of your property from a multi-let to HMO? As well as the licence itself the upgrade of the property to meet the HMO requirements might require finance or a mortgage so I thought I would write about refinancing options to convert your Buy to Let into an … [Read more...]