Amend the Mortgage Offer – Extension Affordabilty New Criteria Extension Requests A Mortgage Offer is a legal document showing a Mortgage Lender’s intent to lend. It can in theory be withdrawn at any point up until Completion (funds release) but if funding conditions remain normal the money should be lent providing the conditions are met. “Common conditions” in the Mortgage Offer include insuring the building and the sale of another property. There could also be “special conditions” which are more centred on your case in particular such as “the repayment of personal debt or buying another property simultaneously with the proceeds”. All of these “Offer conditions” will need to be worked through with your Solicitor. There will also be a deadline for Completion and it’s about this timeframe that this series of frequently asked questions relate. Frequently Asked Questions about Mortgage Offers.
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Mortgage for Foreign Students on a Tier 4 Visa
Mortgage options for Students on a Tier 4 Visa in the UK This article is aimed at foreign students on a Tier 4 Visa who are in the UK who are looking to buy a property to live … Read More →
Declined Buy to let mortgage due to background property portfolio stress test
The background property portfolio stress test is stopping borrowing more There could be a variety of reasons why you’ve been turned down for a mortgage when you have a property portfolio as there are so many boxes you … Read More →
Up to 10 times Income Multiple Remortgage
I never thought I’d be writing about 10 times income multiple for a mortgage. Looking back income multiples have come a long way to get to 10 times. Initially they were 2.75 to 3 times the Main earners … Read More →
BRRR 85% LTV bridging loan for property refurbishment
BRRR Finance Refurb Projects to 85% LTV bridging on day 1 May be excitement and refurb finance don’t naturally gel together but this 85% Loan to Value bridging Loan product could be the one to shake this up … Read More →
No 6 Month Ownership Rule – Buy to Let Remortgage the next day of Purchase
New innovation to break the 6 month ownership rule and how you can now Remortgage within as soon as the next day. A “6 Month Ownership Rule” before you can remortgage your buy-to-let is long established as a … Read More →
Time to Fix your Mortgage Express Rosinca Mortgages Buy-to-let Trackers:
It may be time to come off the Tracker rates of Mortgage Express Rosinca Mortgages Is now the right time to switch your buy-to-let mortgage from Mortgage Express (Rosinca Mortgages) variable Tracker to a Fixed Rate? Remortgage. Mortgage … Read More →
BM Solutions Buy-to-let Trackers: time to switch to a fixed rate?
What Birmingham Midshires Buy-to-let Trackers need to do Is now the right time to switch your buy-to-let mortgage from BM Solutions variable Tracker to a Fixed Rate? Remortgage or Product Transfer. Mortgage Trackers on the rise! Could this … Read More →
Student Let Mortgage for Landlords
Student Let Mortgage products explained for new and existing Buy to Let landlords within the student accommodation sector. How we can help? Access to the Whole of Market Totally Independent from Estate Agents and Developers We only charge … Read More →
GOTO Group RICS Homebuyer & Building Survey
RICS Homebuyer Report & RICS Building Survey via GOTO Survey At Niche Advice we have partnered with GOTO Group to provide our clients with a range of professional services including Homebuyer & Building Surveys. The information below has … Read More →
How long should I take my mortgage over?
I need help deciding on my mortgage term length. The “mortgage term” is the common way for expressing the length of your mortgage. How long should I take my mortgage over is a question that should be asked … Read More →
Using 100% of your Second Income for a Mortgage Application
What you need to know about Second jobs for Mortgages and how Mortgage lenders view Second Incomes. The employment world has changed considerably in the last decade with the emergence of the gig economy, home deliveries and the … Read More →
Access to Over 30 Council Right to Buy Mortgage Lenders in the UK
We can help you buy rour Home with a Council Right to Buy Mortgage Since the pandemic Right-to-Buy mortgages have been scarce for customers with requirements outside of “Mainstream” Mortgage Lenders. Recent self-employed and Right-to-Buy applicants with a … Read More →
HMO Mortgage Guide Frequently asked questions by my Clients
House of Multiple Occupancy HMO Mortgage Questions and Answers HMO Mortgage is a vast subject surrounded by myths. In this snapshot, we attempt to cover some of the more frequently asked questions on HMOs to help provide guidance. … Read More →
