EPC Regulation Changes Bring New Challenges for Landlords
Disbursements are the various costs incurred for carrying out the legal work in relation to buying or remortgaging your home. Most home buyers instruct a solicitor to handle all the legal work for them. The alternative is to hire a conveyancing solicitor. In both cases, the individual will quote the buyer for the services they […]
Does your visa status preclude you from getting a mortgage?
Lender: Regional Building Society Product: 5yr fixed Rate: 4.89% Mortgage Adviser: https://themortgagebroker.co.uk/about/meet-the-team/the-mortgage-broker-scotland/fiona-simpson/ Client name: Akin Mortgage Application date: 21st September 2022 Akin was introduced to me via an estate agent that I look after. Akin and his partner were first time buyers and had struggled to get a mortgage approval before being introduced to The […]
Income in US Dollars and a boat mooring – Is a mortgage possible?
Lender: A regional building society Product: 2 Year fixed rate Rate: 4.54% Mortgage Adviser: https://themortgagebroker.co.uk/about/meet-the-team/caroline-bignell/ Client name: Louis Mortgage Application date: 22/09/2022 The client had been referred to me from an existing client of mine as he was struggling to get a mortgage based on his personal situation. The difficulty in getting a mortgage was […]
Tier 2 Visa Mortgage required / First Time buyer and First Time Landlord
Lender: Specialist Mortgage Lender Product: Tracker rate Rate: 5.29%5.29% Mortgage Adviser: Jo Smerdon Profile: https://themortgagebroker.co.uk/about/meet-the-team/jo-smerdon/ Client name: Mr Fung Mortgage Application date: 22nd Dec 2022 This sounded like a near impossible case to place based on the clients’ criteria and it didn’t surprise us at head office that he came to us after being turned […]
Mortgage using solely maintenance income
Lender: Regional Building Society Product: 2 Year discounted rate Rate: A variable rate, currently 6.04%, with a discount of 2.50% giving a current rate payable of 3.54% for a period of 24 months Mortgage Adviser: Craig Leigh Profile: https://themortgagebroker.co.uk/about/meet-the-team/craig-leigh/ Client name: Charlotte Mortgage Application date: 30/10/2022 Charlotte approached us for some advice as she was […]
Switching to an Interest Only Mortgage ahead of retirement.
Lender: Regional Building Society Product: 2 Year discounted rate Rate: A variable rate, currently 6.59%, with a discount of 3.06% giving a current rate payable of 3.53% for a period of 24 months Mortgage Adviser: Suzy Allen Profile: https://themortgagebroker.co.uk/about/meet-the-team/suzy-allen/ Client name: Maggie and John Mortgage Application date: 15/11/2022 Existing clients of mine, residential fixed rate […]
Disbursements
Disbursements are the various costs incurred for carrying out the legal work in relation to buying or remortgaging your home. Most home buyers instruct a solicitor to handle all the legal work for them. The alternative is to hire a conveyancing solicitor. In both cases, the individual will quote the buyer for the services they […]
Direct debit
A direct debit is an instruction made by a customer to their bank or building society to make regular payments direct from their account. These are usually associated with bill payments and are often paid from the customer on a monthly basis. Many people confuse direct debits with standing orders, but there is a crucial […]
Dilapidations
This term refers to any damage sustained by a property that has been let to a tenant, whereby the damage or loss is noted following check out at the end of the tenancy. Dilapidations could refer to damage sustained to the property itself. For example, a door may have been damaged, a window smashed, a […]
Insurance Trusts
Insurance Trusts Matt Cotter returns to the Mortgage and Protection Podcast to tell us all we need to know about insurance trusts. What is an Insurance Trust and who is it for? A trust is like a will for your insurance policy, it’s a legal document which allows you to express your wishes of how […]