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 […] →Read more

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 […] →Read more

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 […] →Read more