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Mortgages

Revealed: The True Extent of the UK Housing Gap

The figures are in and are once again painting an unfortunate picture for potential first-time buyers across the UK. Already in the grips of a full-blown housing crisis, research suggests that the scale of the housing shortage in the UK will continue to grow indefinitely as the population swells. The […]

What is Right to Buy?

If you live in a council house or a housing association property of any kind, now could be the perfect time to purchase your home. The government’s Right to Buy scheme provides qualifying tenants with the opportunity to purchase the properties they live in at a significantly discounted rate. As […]

Helpful Advice That All First Time Buyers Should Be Aware of

Buying a home for the first time can be both exciting and daunting in equal measures. Most first-time buyers have little to no knowledge or experience with the property market and therefore do not know where to start. Worse still, conflicting information and advice only stand to further complicate the […]

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. […]

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, […]

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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