How do joint mortgages work?
If you’re considering buying a property, you may have heard about joint mortgages. But what exactly are they, and how do they work? In this article, we will discuss the various types of joint mortgage, the application process, and the ...
Mortgage Affordability Explained: How Lenders Decide What You Can Borrow
A practical, plain-English guide to how much you can afford to borrow, how lenders work it out, and the levers that can genuinely increase how much you are able to borrow. There is a big difference between what you can ...
Holiday Let Mortgages for the Self Employed
Are you a self-employed individual who is looking to buy a holiday let property? Well, you’re not alone. The number of self-employed people has been steadily rising over the years, but despite this growing trend, securing a mortgage as a ...
Holiday Let Mortgages for First Time Buyers
Are you a first-time buyer dreaming of owning a holiday let property? You might think it’s as simple as buying a property and renting it out, but beware of the risks lurking behind ‘back door residential transactions’. Lenders are on ...
Can we get a mortgage for a holiday let business?
A holiday let business is more than just a single rental property. It typically includes multiple units or even an entire holiday park. If you’re looking to finance a holiday let business, specialist commercial finance is the way to go. ...
Purchasing a Guest House or B&B
We receive many early stage enquiries from the travel and tourism sectors. A popular approach is to purchase an existing or start-up guest houses and B&B’s. Here are just a few of the questions we are asked that might be useful ...
What are holiday let occupancy clauses?
To own and run a UK holiday let you need to be aware of the occupancy rules and restrictions that apply to such properties. These will vary depending on the location, property type, usage and also the mortgage finance needed. ...
Section 106 Planning Restrictions
A Local Authority will often use a Section 106 planning restriction when they want to control how a property can be used. These powers come from Section 106 of the Town and Country Planning Act 1990. But why is this ...
What is consent to let and when is it needed?
You’re a homeowner in the UK, and an opportunity arises that requires you to temporarily move out of your home. You think, “Why not rent out my property during this period?” But you have a residential mortgage. Are you allowed ...
Can I remortgage my holiday let?
If your fixed or set-term deal is coming to an end, don’t let it roll onto your lender’s default rate. A holiday let remortgage can secure a better rate, release equity for improvements or other plans, and open up specialist ...
What does a conveyancer do?
Are you in the process of buying or selling a property? If so, you will need to enlist the services of a conveyancer. But what exactly does a conveyancer do? In this article, we will break down the different stages of ...
Can you get an interest-only holiday let mortgage?
Welcome to our guide on interest-only mortgages for holiday lets. If you’re considering investing in a holiday let, it’s important to understand the financial implications and options available to you. One such option is an interest-only holiday let mortgage. Interest ...
Can you get a mortgage on a flat above a shop?
Are you considering buying a flat above a shop? If so, you might be wondering about the feasibility of getting a mortgage for such a property. In this article, we’ll explore how you can get a mortgage on a flat ...
Do you need payslips to remortgage?
Are you thinking of remortgaging your home but are unsure whether you need to show any payslips? Before you get started, it’s important to understand what is required from both lenders and borrowers when it comes to proving income. In ...
Does bad credit affect remortgaging?
Remortgaging can be difficult if you have bad credit. Just like the process of securing a mortgage for the first time, there are plenty of things to take into account, and this can become increasingly complicated if your credit history ...
Can you get a mortgage using retained profits?
Yes, some lenders will use your share of your limited company’s retained profits when assessing mortgage affordability, rather than just salary and dividends. Criteria vary on tax treatment, averaging periods and minimum shareholding, and the difference in borrowing between the ...
How is a CIS mortgage calculated?
By using your gross, rather than net, income, CIS mortgages often allow you to borrow more than you might with a traditional mortgage. Plus, you can qualify with just a few months of payslips, making this a great option for ...
Can a joint mortgage be transferred to one person?
When it comes to owning a property, things can sometimes get complicated, especially when it comes to mortgages. One of the most common complications is when there is more than one person on the mortgage, and one of them wants ...
How to buy someone out of a house
If you own your home with someone else, at some point you may need to consider buying them out, such as in the event of a divorce. According to the Office for National Statistics, over 80,000 divorces were granted in ...
How to change an interest only mortgage to repayment
Many borrowers who have an interest-only mortgage may consider switching to a repayment mortgage. This is because while interest-only payments are lower, it can cost more in the long run and the repayment vehicle may not always be reliable. This ...
Unlock the Benefits of An Offset Mortgage
Have you ever considered the benefits of an offset mortgage? This type of loan allows you to link your savings directly to your mortgage, allowing you to reduce your interest payments and save money over the long term. In this ...
Maximising rental income through property conversion
Increasingly, landlords are taking advantage of the rising popularity of flats by splitting a large house into multiple units. The process of converting a house into flats will depend on local planning permission and building regulations, so landlords should always ...
How do you buy out a partner in a mortgage?
Are you looking to buy out your partner in a mortgage, but unsure of how to go about it? This process is known as a transfer of equity and it can be a complex process with many different options to ...
What kind of mortgage do you need for Airbnb?
Are you a landlord looking to make money from Airbnb rentals in the UK? If so, it is important to understand the type of mortgage you need for your property. With more and more people turning to short term rental ...