November, 2016

Interest only mortgages and downsizing

Interest only mortgages and downsizing

Do you need interest only mortgage lending? Is your property your only major asset? Looking to downsize the family home at a later date? Need to save £900 a month on your cash flow?* *Example £200,000 lending over 15 years monthly mortgage payment capital repayment v interest only Interest only Lenders (sale of mortgage property […]

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Mortgages and Complex Deposits

Mortgages and Complex Deposits

Deposits on mortgage applications are not always straightforward transactions with cash from the buyer’s savings. Below are some examples of unusual mortgage deposit situations that can be accommodated. Yes, you can borrow your deposit. example Dad lends his son Tom £40,000 towards his home purchase. Tom has agreed to pay Dad back over 5 years […]

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The new buy to let mortgage market

The new buy to let mortgage market

Why your capacity to borrow as a landlord is shrinking Exploring how a buy to let investor buying a property valued at £250,000 with £1,000 of rental income will find themselves needing to find another £44,000 in cash to make the purchase. Key Actions for Landlords If you need extra buy to let lending get […]

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Self-employed? How much do you earn for mortgage purposes?

Self-employed? How much do you earn for mortgage purposes?

We often find that our self-employed applicants are unsure what to consider as their ‘income’ for mortgage purposes when making a mortgage application. This is not a simple question. What a self-employed applicant can consider as income will depend on the mortgage lender there using and most importantly their trading style. Other factors include ownership […]

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