Bad news as Abbey - Santander changes Mortgage income rules for First Time Buyers to 4.49x income. As if things where not bad enough we have seen yet another lender real under pressure of the regulators by introducing even more prudent loan to … [Read more...] about Abbey – Santander changes Mortgage income rules for First Time Buyers
Mortgages
Mortgage and product news, best buys and tips
Guide to getting a Mortgage for self-employed applicants
2015 guide on getting a Mortgage for self-employed applicants. A must read for all entrepreneurs looking to buy property. Following the regulatory mortgage market review (MMR) last year the lenders have implemented changes to the way they assess … [Read more...] about Guide to getting a Mortgage for self-employed applicants
Different lenders affordability criteria
Where do I stand on the lenders affordability criteria, following all the changes in recent months? Maximum affordability is the ‘real issue’ facing the UK mortgage market, and not rates. In this article I will explain why rate has become secondary … [Read more...] about Different lenders affordability criteria
Woolwich limits income multiples for applicants with less than 20% deposits
This message only relates to applicants with less than 20% deposits with Woolwich who will see there income multiples reduced. Woolwich are the latest lender to succumb market pressures and have reduced their loan-to-income ratio to a maximum of … [Read more...] about Woolwich limits income multiples for applicants with less than 20% deposits
Buy to Let Mortgage without early repayment charges
Godiva Buy to Let Mortgage without early repayment charges and free valuation from 2.55% The Godiva Buy to Let Mortgage without early repayment charges product is very attract to buy to let landlords as it provides them with the flexibility at a … [Read more...] about Buy to Let Mortgage without early repayment charges
Buy to Let 5 year fixed rate 3.75% rate
Post Office for Intermediaries Buy to Let 5 year fixed rate 3.75% rate The Post Office for Intermediaries Buy to Let 5 year fixed rate 3.75% rate is designed to attract buy to let landlords with the long term security of a low set payments. The … [Read more...] about Buy to Let 5 year fixed rate 3.75% rate
Stamp Duty Calculator
Stamp Duty Calculator from HMRC The good people at HMRC have been kind enough to produce a stamp duty calculator which takes into account recent changes. I like this calculator as its simple and enables you to put the exact date of completion in and … [Read more...] about Stamp Duty Calculator
How to work out the new Stamp Duty rates from 4th December 2014
How to work out the new Stamp Duty rates from 4 December 2014 Great news for long-suffering homebuyers. The Chancellor has finally decided to look at stamp duty rates and has actually come up with something that works for most people. Until there … [Read more...] about How to work out the new Stamp Duty rates from 4th December 2014
Mortgage rules on gifted properties from parents and family
A guide on the different Mortgage rules on gifted properties from parents and family also known as gifted equity and using this gift as your main deposit So you’re lucky enough to be a potential beneficiary a gifted property from your parents. The … [Read more...] about Mortgage rules on gifted properties from parents and family
Buy to let mortgage to rent to a family member
I want to help a close relative by letting my buy-to-let to them. Can I get a Buy to let mortgage to rent to a family member? Buy to lets are effectively businesses so mortgage lenders need to ensure they are run on a commercial basis. There is a … [Read more...] about Buy to let mortgage to rent to a family member
