Questions & Answers in regards to the new New Stamp Duty Rules and how it can impact second homes. Please see table of Stamp Duty rates below, in short if you own more than one house then the second house rate applies unless it is to change … [Read more...]
What is the Mortgage Credit Directive
What is the Mortgage Credit Directive and how it will impact some Mortgages in the UK In essence this European Legislation has been bought in to raise standards and standardise documentation across the Member States to improve consumer protection … [Read more...]
New Buy to Let limited company and HMO Mortgages with a small deposit
It’s no secret that many landlords are looking to place their buy to let portfolios inside Buy to let Limited Company mortgage products following the Budget last year. We are fortunate at Niche to be truly independent so we can access all the … [Read more...]
Buy to Let Mortgage no penalty charge
Yes you can still have access to a Buy to Let Mortgage no penalty charge product via Niche Advice Buy to Let mortgages do not need to restrict your plans if you select a product without any early repayment charges applying so I thought I talk a … [Read more...]
Mortgage with one year accounts
I’m about to file my first years accounts which are looking healthy. Can I get a Mortgage with one year accounts? The good news is there are a number of lenders who are now offering the self-employed a Mortgage with one years accounts. There are key … [Read more...]
Foreign Nationals on a Tier Visa Mortgage Lending Criteria
What level of deposit is needed for Foreign Nationals on a Tier Visa who want to get a mortgage? The size of the deposit for Foreign Nationals on a Tier Visa will depend on your personal circumstances, when you entered the UK and the remaining term … [Read more...]
Mortgage for a studio flat
If you’re looking to get a mortgage for a studio flat you will soon find out that it is not straight forward. Getting a Mortgage for a studio flat are harder to obtain than your average UK mortgage as the choice of lender is much lower. Why is the … [Read more...]
Tier 2 Visa Mortgage Questions Answered
I’ve only been living and working here for a year in the UK and am on a Tier 2 Visa can I get a mortgage? The answer is ‘yes’, in theory, however, there are certain restrictions simply because of the time you’ve been in the UK and not necessarily … [Read more...]
What is a Secured Loan?
What is a secured loan and how does it differ from a personal loan? A secured loan is essentially a second loan put behind a traditional first charge mortgage. The secured element comes from the right the lender will have to potentially repossessing … [Read more...]
Secured loan with bad credit for Buy to Let Properties
Secured loan with bad credit may be an option if you need to raise extra equity from your Buy to Let properties. Over the last year I have spoken to many applicants who are existing landlords but were caught up with the recent financial crisis which … [Read more...]
Secured loan with bad credit
If you’re looking at getting a secured loan with bad credit, I hope this article clarifies some of the key aspects on this type of product. A secured loan is essentially a second loan put behind a traditional first charge mortgage. The secured … [Read more...]
Let to Buy Mortgage vs Buy to Let Mortgage
If you want to convert your existing property into an investment property, you will need a Let to Buy Mortgage A Let to Buy Mortgage is basically where the applicant wants to remortgage their existing residential property which will be let out to … [Read more...]
Mortgages above five times income multiples
Great news for borrowers - another Lender has announced that they can now potentially offer Mortgages above five times income multiples We now have another Lender who has decided to join the ranks of Lenders who would potentially lend Mortgages … [Read more...]
Mortgage for doctors, nurses and other NHS staff
Getting a mortgage if you are employed as a Surgeon, Doctor, Nurse, ambulance services or any other part of the National Health Service We are getting an increasing number of enquiries from applicants who work for the National Health Service who are … [Read more...]
How can I get a Mortgage over five times salary
Can you still get you a mortgage over five times salary and if so what is needed The answer is “yes” but it depends on your personal circumstances but its not going to be easy to get a mortgage over five times salary. In short the maximum income … [Read more...]
