What is the basis of Mortgage Lenders affordability Calculations How National Statistics has become part of the mortgage assessment. Mortgages are loans against a property, and importantly failure to keep up with repayments can result in losing … [Read more...]
How Limited company Buy to Let rental calculations are assessed
In this article, I discuss the workings of a rental calculation for a Limited Company mortgage. Lets review how we work out Limited company Buy to Let rental calculations by a formula with two components: rental coverage and interest … [Read more...]
Are Low Deposit Buy to Let Mortgages worth it?
Lets compare 85%, 80% and 75% Loan to Value Buy To Let Mortgages. I’m a professional Mortgage Broker and in many conversations start by the potential customer stating “I want to purchase a buy to let using a mortgage with the least amount of … [Read more...]
How children affect mortgage applications
Solutions on minimising the impact of children on your Mortgage affordability. "Once upon a time" is how the children stories go: getting a mortgage with or without children made no difference. Then the mortgage affordability assessment was … [Read more...]
Mortgages for EU Nationals now Brexit has taken place.
The availability of mortgages for European Nationals after Brexit is an interesting subject. As we sit in February 2020 Brexit has been ratified. The next eleven months will shape the path ahead until this point there should not be any … [Read more...]
Getting a Mortgage with missed Mortgage Arrears in Scotland
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 … [Read more...]
Buy to Let Mortgage Limited Company or Personal Name?
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 … [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. … [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 … [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 … [Read more...]
