Mortgage Information

 

The process of obtaining a buy to let loan usually takes between 4 - 6 weeks, although, as with all purchases, there are a variety of steps to the process which will delay or even stall the process.

The benefits for expats retaining property in the UK whilst working abroad can be significant. Especially if you expect to return at some time in the future.

There is some good news for those keen to use the government’s existing Help to Buy scheme which is due to be replaced by a more restrictive scheme in April 2021.

Each mortgage lender seems to be approaching this issue in a different manner. Some lenders are taking each case on its own merits.

What is the Family Springboard Mortgage?

If you have applied previously, but would like to extend the holiday then you may do so but there is no guarantee that an extension to such a holiday will be granted.

What can you do to improve your negotiating position? Here are a few simple tips that too many people ignore.

Regularly referred to as an EPC, the Energy Performance Certificate was introduced by the UK government to audit the UK’s built environment and to assess its energy efficiency and nudge/require owners to improve the energy efficiency of their property.

The definition of a first-time buyer has been set out by the government in a guidance note published in 2018. It states the following...

The chancellor has announced a temporary holiday on stamp duty up to £500,000 as part of a number of measures to help stimulate the economy. We have listed below the key facts following this announcement.

One thing that has come out of lockdown is a steady stream of First Time Buyers ready to get on the housing ladder.

Applying for a mortgage can seem an intimidating and complicated process. Thankfully this is something we do every single day, so we can do much of it for you. Simple.

You must have an Energy Performance Certificate before you start marketing your property. Buildings that don’t need an EPC include...

Like every utility bill you pay, it makes perfect sense to regularly check whether you have the right mortgage for you.

April 2020 brings with it the end of this phasing. Landlords no longer enjoy tax relief on interest and instead will be faced with a flat tax credit of 20% for mortgage interest.

With the Bank of England record low base rate to help protect the economy from the impact of the worldwide pandemic, now is potentially a great time to remortgage!

If you are self-employed, a mortgage lender may ask you to provide a copy of your SA302.

Generally referred to as ‘the base rate’, when it falls it is usually (but not always) an indication that lending rates generally will also fall.

If you can’t come to us we can quickly set up a video or phone appointment.

Whether you are an owner-occupier or a private landlord, the most important thing is not to panic or put your head in the sand.

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Your home may be repossessed if you do not keep up repayments on your mortgage.

There will be no fee for Mortgage Advice. There may be a fee for arranging a mortgage. The precise amount will depend upon your circumstances, but we estimate it to be £399.

Mortgage Required Ltd, Finance House, 5 Bath Road, Maidenhead, SL6 4AQ is authorised and regulated by the Financial Conduct Authority reference 573718 at www.fca.org.uk.

The Financial Ombudsman Service is an agency for arbitrating on unresolved complaints between regulated firms and their clients. More detail can be found on their website: www.financial-ombudsman.org.uk