Mortgages

    Is An Interest-Only Mortgage an Economical Alternative Option?

    Is An Interest-Only Mortgage an Economical Alternative Option?

    At the risk of jumping straight to the conclusion, the short answer is sometimes. Comparing a conventional repayment mortgage to an interest-only mortgage is a little like comparing apples to oranges. Both have their benefits and points of appeal, though are completely different in nature. For most people, the prospect of taking out an interest-only […]

    Is An Interest-Only Mortgage an Economical Alternative Option?

    What Happens When You Miss a Mortgage Payment?

    Nobody takes out a mortgage with the intention of missing payments. Unfortunately, nobody knows what may be around the next corner either. The events of last year reminded the world just how unpredictable things can be at the best of times. For a number of reasons, any homeowners could suddenly find themselves in a position […]

    Stamp Duty Holiday Set to Expire Fully Next Week

    Stamp Duty Holiday Set to Expire Fully Next Week

    The gradual phasing out of the government’s temporary stamp duty holiday began on July 1. Following a period during which transactions valued at £500,000 or less were exempt from stamp duty liability, this threshold was cut in half to £250,000. From July 1 to September 30, these are the stamp duty rates payable for property […]

    Bank Statements Not Mandatory for Some Mortgage Lenders

    Bank Statements Not Mandatory for Some Lenders

    One of the most important forms of financial evidence required for a mortgage application has been the bank statement; as part of the application process it has been a standard requirement to provide at least three months’ worth of bank statements for the lender to scrutinise. Bank statements are inspected and analysed by lenders to […]

    Mortgage Processing Times Pushed to 16 weeks by Heavy Demand

    Mortgage Processing Times Pushed to 16 weeks

    As demand for desirable properties continues to outstrip supply in all regions of the UK, mortgage processing times have been increasing for several months. According to the latest figures from Propertymark, a leading UK estate agency body the average property transaction completion times has now reached between 13 and 16 weeks. Commenting on the growing […]

    UK Adults Future Care Costs

    UK Adults Not Planning Ahead For Future Care Costs

    A growing proportion of UK pensioners may have no choice but to resort to their state pension income to cover the costs of their essential care. Fears are growing of a “concerning number” of over-60s who are looking into the idea of using their state pension to pay for their long-term care, or are already […]

    UK Buy to Let Areas Investment

    Which Are the Best Places in the UK for Property Investments?

    Even today, with demand for desirable properties at an all-time high, there is no such thing as a safe haven for landlords. Nevertheless, research conducted by Aviva suggests that as much as 10% of the adult population in the UK could be planning an investment property purchase over the next 12 months. Anyone looking to […]

    UKPF Bridging Loan

    UK Property Finance Completes £2.25m Bridging Loan

    A client approached UK Property Finance seeking a bridging loan of £2.25 million, to cover the purchase cost of investment properties, carry out refurbishments and later sell on the developed properties for a profit. The client wanted to take funds out of his unencumbered buy to let London property, although the tenants of the property […]

    Deposit Partial Home Ownership

    Wayhome Launches New 5% Deposit Partial Home Ownership Scheme

    First-time buyers looking to get on to the property ladder without a conventional mortgage now have the option of an innovative new scheme from Wayhome. Albeit, with a significant stamp duty catch and major restrictions on subsequent home improvements. The new scheme will enable first-time buyers to purchase a property with a 5% deposit, without […]

    University Costs But to Let Mortgage

    Is it Possible to Cover Your University Costs as a Landlord?

    It may appear a bizarre concept on the surface but student BTL mortgages do in exist, the idea being that with a ‘student mortgage’ you purchase a property with no down payment and earn money by renting it out to your friends. Only because it is technically possible does not necessarily make it an appropriate […]

    Mortgage Prisoners

    Stamp Duty Changes Result in Major Decline in Mortgage Approvals

    The partial withdrawal of the stamp duty holiday did little to quell the appetites of those still looking to make the best of the remaining incentive; for those who act fast, there is still the opportunity to make considerable savings by sidestepping stamp duty liability on property purchases that fall below the £250,000 threshold. Prior […]

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