Guides

What is a consumer buy to let

When it comes to owning properties in general, it pays to know the ins and outs of the different types of mortgages available today. This is especially important for landlords out there who want to rent a property as a business – for these individuals, the regular mortgage will not do. Instead, it’s all about the Business Buy to Let mortgage, a risky but also a very rewarding form of mortgage that can vary quite a bit from lender to lender. Aside from the normal Buy to Let mortgage, there is also another form known as consumer Buy to Let […]

How much can I borrow remortgage

A remortgage can be beneficial in reducing expenditure on monthly repayments and ultimately aid homeowners is saving money. While this may certainly be its primary purpose for many homeowners however, a remortgage also provides a means for those lacking in funds to acquire some much needed cash in the event that it becomes a necessity instead of dipping into their own savings. But the amount that can be borrowed depends on a number of factors and can be a little tricky to ascertain. Here are a few elements that are generally considered by lenders to help them better form an […]

First time buyer mortgage

It goes without saying that qualifying for a mortgage is essential to many aspiring homeowners who are looking to secure a property. As simple as this may seem however, getting approval for the first time buyer mortgage can prove to be tricky, especially when considering all of the factors that most lenders generally focus on. But boosting your chances of becoming qualified for the desired mortgage isn’t rocket science, and obtaining what you need can be determined by a few points of interest. Keep your credit score in check before applying One of the first things that lenders will look […]

How to get a mortgage first time buyer

Getting a mortgage, especially for first-timers, is by no means an easy task. It requires careful consideration and thought as it may most likely end up being your biggest investment and take a huge portion of monthly banking activities. While it may not be without its own fair share of challenges, there are certainly ways to make far better informed decisions that will benefit you in the long run. Read more about how to get a mortgage as first time buyer. Budget allocation Looking to secure a mortgage is a lot like chess. You need to think two or three […]

How much deposit for a buy to let

All things considered, mortgage can be a rather overwhelming process if you don’t know how to properly tackle it. However, traditional mortgage is definitely much easier when compare to something like a Buy to Let mortgage. Compared to simply purchasing a property, the Buy to Let mortgage has to do with renting out the property that you purchase. It might be simple in theory but it’s a tricky venture – risky enough that lenders themselves often have a set of difficult criteria before you can apply for one. There are benefits to be gained from Buy to Let mortgages, enough […]

How much can I remortgage my house for

Many homeowners continue to take advantage of cheaper mortgage rates in order to pragmatically approach remortgaging and switch to lower repayments or in some cases release the monetary equivalent of their respective properties when the need arises. The popularity of this option stems from being a much more economical recourse but also a necessity to avoid having to move from their current residence due to of both stamp duty and high home prices. However, stricter rules make it more difficult to switch mortgages and lending criteria has changed and become complicated in the last few years. To this end, it’s […]

Is a Buy to Let mortgage the right option for me

In the last couple of years, the buy to let market has been presented with challenges, including changes in the tax breaks making it less viable to the investor. Add to it the five percent additional stamp duty along with more stringent lending regulations and the market has become less lucrative to the mass. This has led to is the departure of “casual” landlords from the buy to let market and left the ones willing to be properly committed to it. The upside of this is of course less competition in the market. However, as with anything to do with […]

How You Can Effectively Acquire a Mortgage even with Bad Credit

Mortgage lenders will definitely assess your financial situation inside and out if you apply for a mortgage. This is normal; after all, lenders would like to mitigate their risks as much as possible when taking on a mortgage applicant. A lender would need to make sure you can really afford to pay your mortgage, and one way they assess your credibility is by taking a look at your credit rating. If your credit rating is poor, you may be understandably worried. But don’t lose heart just yet – there are still ways for you to get that mortgage. Here’s how […]

Are You a First-Time Home Buyer? Here’s Your Guide to Getting the Best Mortgage Deal

If you have made a decision to buy property, congratulations! Your decision couldn’t have been an easy one, considering the cost of property and what you have to do to get one. But once you have property to call your own, the rewards can be great. If you are a first-time buyer, however, there are some things you need to know first. There are some factors which can affect how good a mortgage deal you’ll be able to get. Read on for some first time home buyer tips to keep in mind while applying for a mortgage. The steps to […]