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...]
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...]
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...]
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...]
Uk’s Cheapest 10 year fixed mortgage
Niche Advice and Woolwich for Intermediaries offers Uk’s Cheapest 10 year fixed mortgage at 2.99% From tomorrow 07/01/2015 we are introducing the UK’s lowest ever 10 year fixed rate mortgage at 2.99% for residential loans up to 60% LTV. The … [Read more...]
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...]
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...]
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...]
Auction Bridging Finance Rates
A break down of our Auction Bridging Finance Rates and products We all know purchasing a property at an auction can be very lucrative but the process is time-sensitive, as such standard mortgages usually fail to cater for auction properties. … [Read more...]
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...]
How to get a mortgage over five times income
I need a mortgage over five times income. Can you help me? The answer is “maybe”. That’s because it is all dependent on your current circumstances. After the recent mortgage market review changes in 2014 things have certainly become more difficult … [Read more...]
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...]
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...]
Mortgage with missed payment showing on credit report
Can lenders consider me for a mortgage with missed payment showing on my credit report? missed mortgage payments missed credit card payments missed utility Bill payments missed catalogue directory payments missed mobile phone … [Read more...]
Mortgages for sales person with low basic income and high commission
Mortgages for sales person with low basic income and high commission who want to take hundred percent of their commission income towards a mortgage. If you work ‘in Sales’ and have a low basic salary you are likely to have experienced … [Read more...]
