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Personal Data Security Practices Remain Substandard, Officials Warn

The recent introduction of the General Data Protection Regulation (GDPR) and the Data Protection Act 2018 are apparently having little to no bearing on the personal Data Security practices of many organisations in the UK. Particularly where insolvency is concerned, practitioners and FCA-authorised firms are still breaching even the most […]

Banks Warned as Mortgage Prisoners Promised Help by the Government

Britain’s six biggest lenders have come under fire from ministers this week, as the row regarding thousands of ‘mortgage prisoners’ continues to escalate.  Treasury ministers issued an open letter accusing the banks of failing to help hundreds of thousands of struggling borrowers get a fair deal on their overinflated mortgages. […]

2019’s Most Important Bridging Trends

Both in an economic and political sense, 2019 will go down in history as one of the UK’s most unstable periods. This did not stop bridging finance activity once again showing remarkable strength and resilience, with the sector having performed better than expected throughout the entire 12-month period. This is […]

What is a Renovation Mortgage?

A renovation mortgage is a specialist type of home loan, designed to fund domestic property improvements, extensions and alterations. Options vary significantly in accordance with the nature of the project and the personal circumstances of the applicant. Some larger renovation mortgages are provided in stages as the project progresses, while […]

Right to Buy Home Sales Up 4% Year on Year

Despite its accepted imperfections, the UK Government’s Right to Buy scheme continues to grow in popularity across much of England and Wales.  According to the latest figures from the Ministry of Housing Communities and Local Government, a total of 2,531 properties were sold under the double housing initiative between July […]

Subprime Mortgages Make A Return

Simply mentioning the words ‘subprime mortgage products” is enough to incite painful memories of the 2007 financial crisis.  Prior to 2007, many mortgage lenders in both the United Kingdom and the United States were underwriting loans with minimal checks and as such agreeing loans for a wide range of applicants, […]

RICS Reports Post-Election UK Housing Market Improvement

It is safe to say that the Conservative Party’s landslide victory at the December general election represented a doomsday scenario for Remainers. For the first time, there is little to no doubt whatsoever that the United Kingdom will indeed leave the European Union at the end of January. But far […]

Repayment or Interest-Only Buy-to-Let Mortgage?

As a buy-to-let landlord, you find yourself facing difficult decisions on a regular basis. Whether considering your first buy-to-let investment or managing an extensive portfolio of properties, turning habitable homes into a profit-making business is not easy. Along with selecting suitable properties in the first place, it is also important […]

Getting a Mortgage on Maternity Leave

Maternity leave can be a challenging time in life, during which expectant mothers face a variety of unique and ongoing challenges. It can also be a time during which it is more difficult than normal to successfully qualify for credit. When approaching maternity leave, it is common to experience the […]

Can I Get a Mortgage if I Just Started a New Job?

At UK Property Finance, we are often approached by clients concerned their new employment status could harm their eligibility for a mortgage. This concerns clients in a variety of situations: Applying for a mortgage after switching to a different company Mortgage applications when changing roles or departments Eligibility for a […]

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