Traditionally Scotland has not been as well served by the Specialist Mortgage Lenders. This has meant it's harder for applicants to obtain mortgages than for their counterparts South of the border. Try it FREE for 30 days, then £14.99 a month – cancel anytime The decision by the Specialist Lenders may be down to the cost and training needed to run a separate process to cover the … [Read more...]
Mortgage and product news, best buys and tips
Buy to Let Mortgage Limited Company or Personal Name?
https://www.youtube.com/watch?v=mtzmiikdpdI Mortgages criteria for both Limited Company or Personal Name options. Before I delve into the details can I start with the age old adage: "there's always two sides to a story", whilst Limited Company buy to lets are trendy, particularly on purchases, it may not be right everyone. The other major fact I need to stress is I'm basing this article … [Read more...]
Getting a Mortgage with missed Mortgage Arrears in the past
Missed mortgage payments stopping me getting a residential mortgage This “At A Mortgage Glance Guide” is the first in a series on mortgage arrears and the size of deposit or equity required in your property needed to obtain a mortgage in 2020. Although these topics have been covered before I will bring the information up to date and fit for the new decade ahead, the series will … [Read more...]
Buy to let mortgages for vulnerable tenants
Society has become more adept at recognising "vulnerable" persons and thankfully this is now bleeding into the buy to let mortgage market. Historically there was only a clutch of buy to let lenders who supported the use of let properties for social housing but this changed following a concerted march on a leading UK bank a few years ago by aggrieved tenants who were struggling to be housed, not … [Read more...]
Getting a Mortgage above the purchase price
Borrowing above the purchase price on a property is only allowed in certain instances and restricted to home improvements. Getting a Mortgage above the purchase price is most commonly seen in the case of Right to Buys. You will need first to check with the terms of your contract with the local authority you are buying from and also your professional legal representative. This lending … [Read more...]
Best Portfolio landlord Buy to let Mortgage Rates
Looking for a high street mortgage rate for buy to let properties as a portfolio landlord. On the face of it, this challenge sounds straight forward however the reality is many of the best priced mortgage products are available exclusively for landlords with a maximum of four mortgaged properties. However, I know of a major UK bank that allows these cutting edge products and bypasses their … [Read more...]
Interest only Buy to let Debt Consolidation
Should you Remortgage your Buy to Let to pay off some debts Debt consolidation has often gravitated towards mortgages. Attracted by the low interest rates, options to fix, overpay and borrow large amounts it's easy to see why. Since the late 90s buy to let debt consolidation mortgages came into their own as if things didn't work out the cost did not culminate with losing the roof over their … [Read more...]
Mortgage to stop your bankruptcy
Anul your bankruptcy and save your credit record and your home Before I raise false hope here you need to have sizeable equity in your property, probably changed your occupation to an employed position, have at least a month until the court hearing; and the gumption and energy to drive it through, with my support of course. Saving your home needs to be the motivation if it's not trying … [Read more...]
Mortgage Declined by Nationwide
Been declined for a mortgage due to credit conduct we can help? Nationwide are the country's largest building society and as a mutual company, they will always look to protect their members by running tight lending criteria. It's their right and they are hugely successful at what they do. With Nationwide declines, you normally have to wait three months before you can re-apply, and unless … [Read more...]
Missed Mortgage payments
Mortgage Arrears stopping you get a new mortgage? Mortgage Lenders do not like lending to applicants who have had a track record of missing mortgage payments. In fact, apart from not paying a tax bill, it is the single biggest detractor. Any status on your credit record apart from 'U', '0' or 'AR' must be 3 months old. One Mortgage Lender I use measures this time period by completion the … [Read more...]
