There has been a significant rise in the number of homeowners tapping into property wealth through equity release schemes. The final three months of 2017 broke a number of records relating to the equity release market and in all £3.06bn was withrdawn by 67,000 homeowners. This figure has risen from £2.15bn in 2016 and £1.6bn […]
Babyboomers release cash from homes in record numbers Read More »
A recent study carried out by MoneySuperMarket estimated that 800,000 people are currently spending more on their mortgage than necessary. The regulator estimated that they could be making an average annual saving of £1,000. WHY ARE PEOPLE OVERPAYING ON THEIR MORTGAGES? The study also found that three in five people are not sure
Relevant Life Insurance is a type of life insurance that is owned and paid for by a business. It provides funds to the business owner’s family in the event of premature death. Relevant Life Insurance can also be beneficial to high earning employees who are looking to avoid their death-in-service benefits becoming part of
What is a Relevant Life Policy and why do you need one? Read More »
Remortgaging your house can generate huge savings. But it’s important to know what you’re doing before you get into the remortgaging process so that you’re making the most of the opportunity. If your mortgage is coming to the end of its fixed term it’s time to start thinking about what you need in order
There are a number of reasons that you may need to get a house valuation done. The four most common reasons for getting a house valuation are the following: 1. To put your house up for sale and get a mortgage for a new property 2. To remortgage your property 3. If you’re getting
When applying for a mortgage, lenders must be sure they know whom they are lending to and that you won’t overstretch your budget with your monthly payments, now and in the future. Listed below is the information required to assess affordability and advise appropriately: ☐ The ID for each applicant – Passport or Driving License
Information you need to provide to apply for a mortgage Read More »
If you are a foreign national, a non-UK passport holder living and working outside the UK, looking to invest in the UK property market, you are unlikely to find a buy to let mortgage easily through a high street lender. However, that’s not to say it’s not possible. Typically, UK high street banks
Can I get an investment mortgage as a Foreign national? Read More »
Joint Venture Funding, often referred to as Equity Development Finance, is where two or more developers pool their resources to fund a project from start to finish. Unlike more traditional routes to funding, Joint Venture funding provides the opportunity to access up to 100% of the development costs for a project. 100% Development finance
What is Joint Venture funding and how does it work? Read More »
When you take out a mortgage there are two ways of repaying it. You can either go for an interest-only mortgage or a repayment mortgage. But what’s the difference? REPAYMENT MORTGAGE: A repayment mortgage is when each month you pay back both the interest on your loan AND part of the loan
Why is interest only better than a repayment mortgage for Buy To Let mortgages? Read More »
Getting a Buy To Let mortgage as an older borrower can be more difficult but it’s definitely not impossible. There are a number of influencing factors and different lenders will have their own criteria that need to be met but we are here to help you. Find the right mortgage deal for you.