In 2019, mortgage lending reached a whopping £70 billion in the UK. While it’s unclear how the 2020 numbers will look, Covid-19 probably means it won’t be as high. During the height of the pandemic, lending decreased as social distancing restrictions slowed the industry down. However, as we come out of lockdown, lenders will be more …
Whilst buy-to-let mortgages are similar to residential mortgages, it’s important to know what to expect when making an application to a lender. You’ll need a buy-to-let mortgage if you want to buy a home with the intention of renting it out. And to make yourself appear uber-attractive to a potential lender, we’ve put these six …
Whether you’ve got 10 properties to your name or just have the one rental property, you will need a buy-to-let mortgage if you don’t own the property outright. Buy-to-let mortgages are a lot like residential mortgages, with a few important distinctions. The first difference is that you need a bigger deposit, and the second is …
The coronavirus pandemic has left many with a feeling of uncertainty about the future. Fortunately, homeowners who are feeling anxious about money-related circumstances related to their home can apply for a mortgage holiday, easing the financial burden placed on them by Covid-19. Since the start of the outbreak, over two-million homeowners have taken out a …
If you’re looking into applying for a mortgage, then you’ve most likely come across the term “buy-to-let”. So we thought it might be a good idea to provide a handy guide that looks at buy-to-let options, and how they differ from residential mortgages. What’s the difference between buy-to-let and residential mortgages? The main difference between …
Have you ever noticed the words “chain free” when searching for a new home? If you have, it means you were looking at a property that didn’t require an onward purchase to complete, which reduces the chances of the chain breaking down. And if you’re not relying on anyone buying your home either, you can …
If you’re planning on renting out the property you intend to buy, then a buy-to-let (BTL) mortgage is what you need. So that you have a clearer idea of what a BTL entails, we have put together this guide to help feel prepared for your application process. What deposit do I need for a buy-to-let …
Property chains have the potential to be a nuisance, especially if the chain breaks and causes the sale or purchase of a house to collapse. With the majority of property sales taking place through a chain, it shouldn’t come as a surprise that alternative options are in place to safeguard your move should the chain …
So you have found your forever home. It’s got those bi-fold doors opening up to a Juliet balcony and a sizeable amount of outside space? Good times. There’s a catch, though. You haven’t sold your current house and need to find a buyer before getting the keys to your dream pad. Bad times. All is …
A third of all home loans in the UK are remortgages, and refinancing your property can be a handy way to reduce monthly mortgage payments, save money in the long run and even access more equity. But how do you know when it’s the right time to remortgage your home and how you should approach …
