What type of BTL (buy-to-let) property should I buy?

As the name suggests, BTL property is where a person buys the property with the intention of renting it out rather than living in it. As long as the rental income is higher than the monthly mortgage payment the BTL investment will generate a profit. Most lenders who offer BTL mortgages consider earned income as […]

All you need to know about bridging loans

In simple terms, a bridging loan helps property investors to fund their investments. Bridging finance is a short-term flexible loan that is used to cover the gap between two transactions. Here, the gap will be defined in monetary terms. The loan will cover financial obligations until you secure permanent funding or remove an existing obligation. […]

Can I apply for a mortgage with just a 10% deposit?

What COVID restrictions mean for your property purchase or re-mortgage Due to the COVID pandemic a number of restrictions have been placed on the mortgage market. The uncertainty imposed by the pandemic initially led most mortgage lenders to withdraw low-deposit mortgages. This left many first-timer buyers and home movers struggling to move forward with their […]

Mortgage Market Update

As per Office for National Statistics (ONS) there is an increase of average UK house prices by 4.7% in the year to September 2020. They report that the average house price has been at £245,000. Nationwide reports an increase of 0.9% in November. RICS reports the number of sales agreed remaining at 35% in November […]

New Build vs Old Property

Hey, there! Looking for a new property in town? Feeling confused about whether to purchase a new build or a second-hand property? Well, there are pros and cons for each option, so let’s take a closer look. Pros of a new build Warranties Generally, a new build is a property that is brand new and […]

Housing Market on the Rise despite Pandemic

Current housing market prices remain at the highest levels. However, analysts predict that the lockdown may create the prices to reach a peak. In the month of September, the house price growth was 7.3% high than last year September. This was the strongest growth since June 2016. As per Nationwide, in the month of October, […]

What do I need to know about Buy to Let Mortgages?

What do I need to get a BTL mortgage? Purchasing a property in the UK as a buy to let is a substantial investment opportunity. Some people struggle to become landlords due to various reasons. However, the home buyers with the proper plan and appropriate guidance make their dream come true of becoming landlords and […]

Help To Buy Scheme Deadline is now set for 15th December 2020

Buyers who will be using the current help to buy scheme will close on 15th December 2020. This is done in order to give the applicants three months to complete the purchase by the 31st March 2021 deadline. Also, builders are granted time till 28th February to complete the construction. These deadlines are enforced to […]

Mortgage payment holidays to be extended

The UK government has announced on Saturday, 31 October, about Covid-19 developments. On top of the government announcement, the FCA has announced reviewing the mortgage payment holiday scheme. The FCA intends to extend the mortgage payment holidays available for longer to support customers further financially impacted by a coronavirus. Therefore, lenders are extending the availability […]

Latest Property Market Update- October

The Pandemic has made people reassess their housing needs and activities which have led to behavioral shifts in people. The house purchases that were delayed with the lockdown and stamp duty holidays accompanied have paved the way towards the pent-up demand in house prices. According to Zoopla analysis, restrictions on High loan to value has […]