Commercial usage near my property is stopping me getting a mortgage If you are reading this article on “Mortgage declined as near Commercial properties” you are undoubtedly you are feeling frustrated right now. Below I provide an insight to hopefully bring a smile back onto your face. Just so you know this article forms part of my “my properties are stopping me getting a mortgage series” … [Read more...]
Mortgage and product news, best buys and tips
Is your Buy to Let portfolio size too big we can help.
Dealing with large Buy to Let portfolio size issues and different lending criteria. If you are reading this article on “Buy to Let portfolio size” you are undoubtedly you are feeling frustrated right now. Below I provide an insight to hopefully bring a smile back onto your face. Just so you know this article forms part of my “my properties are stopping me getting a mortgage series” and … [Read more...]
Buy to Let Lenders that do not stress test background portfolio
The rental coverage of my Buy to Let portfolio is stopping me getting a mortgage If you are reading this article on “the rental coverage of my portfolio is stopping me getting a mortgage” you are undoubtedly you are feeling frustrated right now. Below I provide an insight to hopefully bring a smile back onto your face. Just so you know this article forms part of my “my properties are … [Read more...]
Mortgages after a Repossession
Mortgages after a Repossession If you are reading this article you are probably interested in getting a mortgage after a repossession. The reality is the mortgage bill is normally the acid test of assessing your willingness to repay debt, as after all a ‘property’ is at stake. Therefore Mortgage Lenders, even the most tolerant, will not like you to have missed multiple payments in the last … [Read more...]
Seven common mistakes on Right to Buy mortgages
In this article I will cover the most common mistakes and misconceptions I hear from would-be Right to Buy applicants who are looking to use a mortgage to support their aims.1. Affordability needed to qualify for a mortgage will be easy to meet. Mortgages are typically taken out for 100% of the discounted purchase price. This will be a fraction of the property value as it is often assumed … [Read more...]
5 year fixed Buy to Let Mortgage for under 2%
5 Year Fixed Buy to Let 1.94% It’s rare that I write on excellent mortgage products, such as this stonking 5 year fix, but this one is so good I had too. Why, well first off it’s under two percent which is highly competitive but also because it has a flat lender arrangement fee rather than a percentage based one – and it’s from The Mortgage Works stable. The Mortgage Works, is the buy to … [Read more...]
Buying Right To Buy for older applicants
Right to Buy mortgages in retirement The decision to buy a Right to Buy later in life could have been perpetuated for one or more of the following reasons: • Security to remain in the property you love and are familiar with.• The property might have been adapted for your particular needs or suitable for home caring.• It could have a lifelong ambition to be a homeowner or to be free of … [Read more...]
How quickly can I get a mortgage?
The truth about Mortgage Lenders turnaround times is often disguised to the public. If you look at the latest information below, it makes rosy reading but the devil is often in the detail. It is also worth noting Barclays*, Halifax*, Metro*, NatWest* and TSB* do not publicise their turnaround times on their websites. Lender*Ave. App to OfferAve. Document ReviewLatest info availableAccord10 … [Read more...]
How to Download Barclays Bank statements with https
The standard downloadable PDF/Acrobat version of the Barclays bank statements are not accepted by Mortgage lenders as they don’t come with https address displayed at the bottom of each page. The https address is highlighted in a red box below to show you what you are looking for. Obtaining the usable https bank statements Fear not we do have a way you can produce usable bank statements … [Read more...]
Buy to let mortgage without Tax Calculations
Buy to let mortgage without Tax Calculations Before I explain the situation pertaining to mortgages; I need to make clear Niche Advice is a Mortgage Broker not an Tax Adviser, and would stress the importance of staying on top of your tax affairs will the help of an Accountant. If you are a Landlord and have applied for a buy to let mortgage in the last 2 years you would have probably been … [Read more...]
