The Wrong Mortgage

It still happens too frequently that, in pursuit of a cheap interest rate, people will use an inappropriate mortgage product, intentionally misleading the lender.. Essentially, in the minds of mortgage lenders, there are 4 uses for your property and the mortgage lender arranges pricing and mortgage terms and conditions in accordance with the risk that [read more]

Limited company buy to let mortgage FAQs

A growing number of landlords are purchasing buy to let property in the name of a limited liability company.
Let’s take a look at some of the most frequently asked questions (FAQs) about why they are doing so and what that means for the limited company buy to let mortgage they are likely to need.

Bridging Finance – An Introduction

The term “bridging finance” is frequently misused including by many in the industry, not least brokers who only arrange it very occasionally. It would be more readily understood and hold fewer fears for both client and broker if the term changed to “short term finance”. This term is more self-explanatory and truly reveals all the [read more]

What is a holiday let mortgage?

What is a holiday let mortgage?

Mortgages offered on a holiday let basis contain clauses specific to the business of holiday letting. So, as an example, their mortgage offers contain a clause disallowing any form of long term letting on an Assured Shorthold Tenancy (AST) basis. So the property can be used as a holiday but cannot be used as a [read more]

Availability of 75% LTV Holiday Let Mortgages increases

If our November and December 2019 mortgage business is an ongoing trend, then buy to holiday let mortgages at 75% LTV are going to be very much in demand during 2020. 75% LTV holiday let mortgages accounted for 92% of all business transactions over this period During the last recession, there was a long period, [read more]

How much deposit do I need for a holiday home?

This question is one that we are frequently asked, and the answer very much depends on how the potential borrower intends to use their holiday home. Typically, if the property is a true holiday or second home, that is or will be used only by the owners, their friends and non-paying guests, a minimum of [read more]