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...]
Mortgage and product news, best buys and tips
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...]
Extend your Birmingham Midshires mortgage term for free
My Birmingham Midshires mortgage term is too short how do I change this? Product Transfer service for Birmingham Midshires / BM Solutions with No Broker Fees from Niche Advice. I’m coming across more and more landlords that want their buy to let mortgages to run for a longer duration including those with BM Solutions (formerly known as Birmingham Midshires ). It’s understandable particularly … [Read more...]
Mortgage for taxi drivers
Mortgage for taxi drivers including self employed minicab and UBER driving roles are not always easy to obtain. The key consideration is how much cab fare money has been accounted for in your self-assessment tax returns. If you do not have your tax return to hand then I would suggest you login to your HMRC account and pull off your Tax Calculations for the last few years or speak to your … [Read more...]
Mortgage products for Hedge Fund employees
Low deposit options based on 100% bonuses for Hedge Fund employees with no basic salary income caps Most UK Mortgage Lenders are generally nervous where the applicants are reliant on variable income such as bonuses received by Hedge Fund employees. They will certainly seek a track record. A common request would be for payslips to evidence the bonus payments: Payslips for the last 2 years … [Read more...]
Mortgages based on net profit of a limited company
Using Net Profit criteria for mortgage affordability for shareholding directors. Want to know how you can borrow more using your Net Profit for a mortgage then you have come to the right place. Traditionally Mortgage Lenders have looked at the directors’ remuneration (salary) and dividends drawn when assessing affordability of a residential mortgage. This blanket approach makes sense for … [Read more...]
Getting a Mortgage with a decree in Scotland
Obtaining a mortgage with a decree | Scottish equivalent of CCJs Too much gumpth can confuse when trying to get a mortgage with a decree registered against your credit file. I have therefore put together a simple Decree Mortgage Guide in an attempt to strip back the qualification rules to the bone. In truth the Scottish decree mortgage market is poorly served when compared to the English … [Read more...]