Mortgage planning guidance post lockdown
Struggling with your payments due to coronavirus? What support is available to those in need of guidance with their mortgage planning post lockdown?
Landlord Insurance – Are you covered?
Rental properties are a great source of income when things are going well. But unless you have specialist Landlord’s Insurance in place to protect your buildings and contents, there’s a very real chance you could find that you aren’t eligible to make a claim when you...
Benefits of buy-to-let mortgage
Buy-to-let mortgages are mortgages specifically designed for those who are purchasing a property for the sole purpose of letting. Buy-to-let properties have become an increasingly attractive investment choice over the years, providing more stability than the alternative.
What you must know when investing in buy-to-let property
It’s easy to see why you are attracted to the buy-to-let investment. The renting market has changed with more people looking for flexible lifestyle that allows them to move around the country in pursue of the right job.
Types of Buy-To-Let Mortgage Deals
Most homeowners engage in buy-to-let mortgage deals because it enables them to easily borrow money to purchase a property and then putting them out on a highly profitable rent.
Guide to buy to let mortgages
Are you considering diversifying your income through a buy to let purchase? If so, one of the most important things to consider is what the best strategy to repay the loan. Currently, there are two main options. Interest only buy to let mortgages and repayment mortgage.
Virgin Money loosens buy-to-let affordability tests
Virgin Money has changed the stress test rates this week when assessing affordability for buy-to-let mortgages! The interest stress test rate is being reduced from 5% to 4.5% on fixed rate products of 5 years or over. The required rental cover remains at 145% ...
First Time Landlord Products Increase
According to new data published by Moneyfacts, Mortgage products for first-time landlords have reached a new high and the UK has seen the biggest year-on-year leap for October ever recorded. 297 more first-time landlords products have been launched over the...
Buy to Let Landlords – Where in the UK are rents rising the quickest?
A recent new report from HomeLet has claimed the average UK rent has now reached £970 per month, which shows a 2.4% increase since last year and the highest level recorded. HomeLet has argued there are a number of factors leading to the rise such as claims that...
Mortgage Approvals up in 3.2% in August
UK Finance reports that mortgage approvals remained strong in August 2019 with annual increases across both purchase and remortgage figures. In total there were 85,931 mortgages approved by the main high street banks in August 2019.The data shows that mortgage...
