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...]
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...]
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...]
Mortgage guarantor for a buy to let
Guarantors can help you get your first buy to let A mortgage guarantor for a buy to let can be used each even if your income is low or non- existent and you are a first-time buyer.For example, a mortgage guarantor for a buy to let could be a parent earning £25,000 (or more) and is willing to help you purchase the property – if so you're already halfway there! Frequently Asked Questions … [Read more...]
NEW Buy to Let Mortgages with good rental calculations and no lender fee
Borrow more on your buy to let without the costs As a Buy to Let Mortgage Broker I’m constantly looking at the market for buy to let mortgages with good rental calculations. I normally resist putting out blogs on buy to let mortgages with good rental calculations as the mortgage market is so dynamic and things chop and change so quickly but this one is so good I see it as my duty to share the … [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...]
Do I need to get a new mortgage following the HMO licencing changes?
Do I need to get a new mortgage following the HMO licencing changes? When do I have to obtain a HMO licence?Normally you’re obliged to inform your Mortgage Lender of any significant material changes to the property or its tenancy arrangements. For example if the mortgage was taken out on the basis of a let to a single family and now it’s a Multi-let or House in Multiple Occupation (HMO) they could … [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...]
Portfolio Landlords Buy to Let Mortgage changes in September 2017
New Buy to Let Mortgage Rule from Portfolio Landlords from the regulator. Get set for a tougher underwriting time if you have 4 or More Buy to Let Properties. Buy to let landscape for professional Portfolio Landlords to change in Sept 17 with yet another attack on the Landlords . Those who are avid readers of my buy to let articles will have seen Lenders change their underwriting policies in … [Read more...]
