Growing demand for holiday let mortgages
EVER DREAMED of owning a second home by the coast, or in your favourite UK holiday spot? Or perhaps you’re looking at a second home from purely an investment perspective. The good news is a holiday let mortgage could help you realise ...
Who offers the best holiday let mortgages?
In the main, the lenders that offer the best holiday let mortgages tend to be the smaller building societies, specialist finance companies plus some ‘Challenger Banks‘. The High Street banks are catching up but generally the lenders you need are ...
Already own a property, and thinking about buying another?
INVESTING IN A SECOND PROPERTY is on the increase. In fact, the number of people in the UK who own more than one property has risen by more than 50% over the last 20 years. If you’re thinking about buying a second property, ...
What are the different conveyancing stages?
Conveyancing is the term for the legal and administrative process that comes with buying, selling or mortgaging a property or piece of land. There is a lot to organise and coordinate, including legal matters, financial arrangements and regulations to comply ...
Do Your Numbers Add Up?
Rental yield and capital growth are the two key ways property investors make money. Here we quickly dive into how yield can make you money and how capital growth is achieved. BUY-TO-LET investors make money in two different ways, rental yield ...
Should you overpay your mortgage?
Overpaying can reduce the time it takes for you to repay your mortgage and also means you will be charged less in interest We look at the advantages and disadvantages of making mortgage overpayments Depending on the type of mortgage you have ...
Buy to Let Tips
Here are some top tips for buy to let success. There’s money to be made, and lost, with buy to let. If property investment is relatively new to you then the following buy to let tips might be helpful. The right ...
Types of Mortgage
Mortgages come in all sorts of shapes and sizes. There’s lots of decisions to be made. But how do you know which mortgage type is right for you? We have put together this brief guide to help you better understand ...
Should You Buy Off Plan?
BUY OFF-PLAN. ATTRACTIVE BUT DANGEROUS AND WITH A SCARY STORY What does the term ‘Off plan’ actually mean? Well it means that the property you are about to buy is not yet ready to be occupied. One extreme is that ...
Property Down Valuations
The property survey has been done and the report is in. But, the surveyor doesn’t agree with your figures. Wow, you didn’t see that coming. That’s thrown a spanner in the works. What happens next and what do you do? ...
Why use a mortgage specialist?
You want a large loan to buy your home – or some other property. So why not raise the loan by offering the property itself as security? That is the essence of a mortgage after all. What could be simpler ...
The importance of using a buy to let mortgage broker
Is it the right time to invest in buy to let? It’s hard to predict the future but we all still have to plan and make decisions, to save and invest. If property investment fits with your financial plans then ...
Benefits of using a Bridging loan for Property Development
Quick access to cash to buy a bargain property or to keep a project on track. There are many benefits when using a bridging loan for small developments, allowing you to meet deadlines and make money. If you own a small ...
Using 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. For example, using a standard residential mortgage for a property that is then used as a buy to let or holiday ...
Why use a bridging finance broker?
Bridging finance can be a very useful tool for many small developers. It helps to secure the funding necessary to cover the costs of building works on a property you have bought. And, bridging loans are a way of easily and ...
Property Development Finance and an Exit Strategy
There are several ways to arrange property development finance and several types of lenders in the market. What is common to them all is their need to understand and to have confidence in the way that they are going to be paid ...
Renovation Mortgage: An unlettable property in Scotland
As a specialist in providing finance for holiday and short term let property, we receive enquiries for financing the very simple to the quite complex. One area of finance where we are experiencing growth, is for mortgages to purchase run ...
Buy to Let vs Holiday Let
It is important to understand the differences between these two property types. Just because they both involve letting does not mean that they are similar; in fact the word “let” is possibly the only similarity. The law and finance for ...