BUY-TO-LET: WHAT YOU NEED TO KNOW

BUY-TO-LET: WHAT YOU NEED TO KNOW

With interest rates at record lows and house prices rising, you may be considering investing in a buy-to-let property. But before you take the plunge, it’s important to understand the costs, risks and rewards involved in becoming a landlord. Schemes such as the stamp...

SELLING A BUY-TO-LET PROPERTY

SELLING A BUY-TO-LET PROPERTY

If you've decided it's time to cut down your buy-to-let portfolio, sell your current buy-to-let and invest in a new one, or quit property investment entirely, this guide explains the key things you'll need to consider before putting your rental property on the...

THINGS TO DO IN YOUR NEW BUILD IN THE FIRST YEAR

THINGS TO DO IN YOUR NEW BUILD IN THE FIRST YEAR

Congratulations, you have moved into your shiny new home! Moving house is often a stressful but an exciting time and moving into a new build is no exception. However, the real work of moving house often comes in the days, weeks & months after moving in. New builds...

A GLOSSARY OF MORTGAGE JARGON YOU NEED TO KNOW

A GLOSSARY OF MORTGAGE JARGON YOU NEED TO KNOW

The mortgage sector comes with a host of new words and phrases that buyers like you may not be familiar with. Many of these are legal terms that any savvy buyer should know to make sure that they understand what it is they are agreeing to. This isn’t a comprehensive...

WHAT IS AFFORDABLE HOUSING?

WHAT IS AFFORDABLE HOUSING?

If you’re hoping to buy your first home, you might have come across the term ‘affordable housing’. In theory, ‘affordable housing’ refers to properties that are offered for sale or rent for below their market value - usually as part of a scheme backed by the...

THE BIG QUESTIONS ON HELP-TO-BUY

THE BIG QUESTIONS ON HELP-TO-BUY

With the new Help to Buy scheme due to commence in April 2021 and the recent government announcement of an extension to the current Help to Buy scheme, this has led to many having questions regarding current and future applications to the scheme.  Current scheme...

YOUR MOVING HOME CHECKLIST

YOUR MOVING HOME CHECKLIST

Moving house is an exciting event - a different house, a new area and, potentially, a different village, town or city really signals the start of a new chapter in your life. However, moving house is not without its difficulties. Making sure that you have everything in...

A GUIDE TO DIFFERENT TYPES OF MORTGAGES

A GUIDE TO DIFFERENT TYPES OF MORTGAGES

Finding the right mortgage deal for you isn’t easy. There are a few different types of mortgage, each with their own advantages and drawbacks. To help you get informed about what’s on offer, this is our guide to the various types of mortgage available:Fixed-rate...

UNDERSTANDING THE HOME BUYING PROCESS

UNDERSTANDING THE HOME BUYING PROCESS

This video will help you understand the house buying process, ensuring that they know and are comfortable with all elements of the process and won’t be confused due to misunderstanding. Don’t worry we are happy to explain further and this video will be up for you to come back to if you ever need to.

WHY BOTHER WITH A MORTGAGE BROKER?

WHY BOTHER WITH A MORTGAGE BROKER?

First and foremost, using a whole of market mortgage broker will take the leg work out of looking for a mortgage; they’ll search the market and compare the different deals that are available to you, looking at not only the interest rates on offer but other charges...

STAMP DUTY REDUCTIONS

STAMP DUTY REDUCTIONS

The government’s move to cut stamp duty means home buyers and property investors can save as much as £15,000 – but who stands to benefit the most? Stamp duty thresholds across the UK are being raised until March 2021 as the government looks to spark the housing market...

HOW IS COVID-19 AFFECTING HOUSE PRICES

HOW IS COVID-19 AFFECTING HOUSE PRICES

The UK property market has enjoyed a mini boom since reopening after the lockdown and the government’s stamp duty cut could result in more people moving home over the next few months.  Here we explain what’s happening to house prices and offer advice on making an...

BANK OF ENGLAND BASE RATE

BANK OF ENGLAND BASE RATE

What is the current base rate: 0.1% The current Bank of England base rate is 0.1%. It was cut on 19 March 2020, just a week after being cut to 0.25%. It had been at 0.75% since 2 August 2018. The Bank of England said the move was to help bolster cash flow for...

FEES AND COSTS INVOLVED IN A MORTGAGE

FEES AND COSTS INVOLVED IN A MORTGAGE

Costs before completion Lender Arrangement fee This can be called many things including product fee or arrangement fee.  This can be a percentage of the loan or can be a flat fee.  Typically, the flat fees will be £995 or...

SETTING UP AN SPV LIMITED COMPANY

SETTING UP AN SPV LIMITED COMPANY

Buy to let lenders who offer mortgages to limited companies usually require the limited company to be an SPV (Special Purpose Vehicle). In the mortgage world, a Special Purpose Vehicle limited company is a company which is set up just to hold property and do nothing...

WHAT SORT OF BUY TO LET PROPERTY SHOULD I BUY?

WHAT SORT OF BUY TO LET PROPERTY SHOULD I BUY?

Finding the right property in the right location is extremely important when searching for a buy-to-let property. Before commencing your search you need to consider what kind of tenant you are looking for…..for example: If you are looking at students then it is likely...

CONTRACTOR MORTGAGES

CONTRACTOR MORTGAGES

Customers often ask us “can I get a mortgage as a contractor?” and the answer is likely to vary from lender to lender, based on a wide range of variables. Along with the usual criteria – such as your age, credit rating, income and the property type (which we will cover in more detail later).

GETTING A MORTGAGE WITH STIPEND INCOME

GETTING A MORTGAGE WITH STIPEND INCOME

A stipend (sometimes called a benevolence income) is a payment made on a regular basis by an employer or organisation, to cover basic costs of living whilst working/training, such as food, housing, petrol and phone costs. These can include those studying for

SHARED OWNERSHIP

SHARED OWNERSHIP

The generational challenge of rising house prices Decades of rising house prices have stretched affordability to breaking point for thousands of prospective first-time buyers. The average house price stands at £228,000; eight times the average wage in the UK1. In the...

MOVING HOME

MOVING HOME

Whether moving from your first house or downsizing after the kids have moved out we will be able to help. We will assess your finances and gain an understanding of your goals. This will allow us to provide the best advice for you, along with the best rate from the whole of market.

BEWARE OF FRAUDS & SCAMS

BEWARE OF FRAUDS & SCAMS

Fraudsters are increasingly trying to trick home buyers, sellers and solicitors, into transferring their money into scam accounts. They hack into emails between buyers, solicitors and estate agents and create fake emails to try and persuade people to send money to...

MORTGAGE MYTH BUSTING

MORTGAGE MYTH BUSTING

Myth 1.  You don’t need to think about mortgages until you’ve found your dream property. Sure, you won’t need to actually apply for a mortgage until you’ve had an offer on a property accepted. But you certainly need to have scoped out mortgages before then, to check...