The ‘100% mortgage’ is back on the market for First Time Buyers & Home Movers! However it is a different form to the old pre-recession ‘100% mortgage’. This new ‘100% mortgage’ works by the Borrower taking out a specific mortgage and (a) Helper(s) depositing 10%...
Read moreMany people try not to think about what would happen if they became sick or could not work. It is assumed that their employer will continue to pay them if they were off work on long-term sick leave, however in reality less than half of employers offer sick pay above...
Read moreA record number of sales took place in March 2016, as investment property buyers tried to beat the Stamp Duty rise from 1st April. The result of this, according to data from the website Rightmove, was an 11. 5% rise in rental properties being listed in April[1]. It is...
Read moreA recent survey concluded than less than 5% of mortgage holders have any critical illness cover in place to cover their mortgage in the event of serious illness or injury (based on survey of 816 participants). Life and Critical Illness cover provides a lump sum...
Read moreFor pension planning, many British Expats invest in UK properties to let out to tenants. It could be said that as UK housing displays long-term price inflation, if you are a British expatriates living abroad, investing in property in the UK could make financial sense....
Read moreRecent announcements have caused a number of army personnel to enquire into purchasing a new home. Research has shown that 55% of people have been underpaid on their Married Quarters following the new Combined Accommodation Assessment System (CAAS). This means that...
Read moreOur local newspaper here, the Cambridge News, reported on 26th February 2016, that a shortage of properties is being blamed for house sales in Cambridge dropping by a fifth (20. 4%) over the past year. According to property marking analyst Home Track Cambridge saw the...
Read moreThe Council of Mortgage Lenders (CML) confirmed that gross mortgage lending hit £25. 7bn in March 2016 – a 59% increase on March 2015. [1] Completion of property purchases that it are not the buyer’s main residence saw a 3% stamp duty surcharge introduced on 1st April...
Read moreLimited Companies: Maximum Loan Size: £2m at maximum of 60% Loan To Value £1m to a maximum of 70% Loan To Value £500k to a maximum of 80% Loan To Value Portfolio Specifics: Maximum of 10 properties to a value of £5m with a specific lender. Unlimited properties with...
Read moreFrom 1st February 2016, Landlords who let private rented accommodation must ensure that they have done a ‘right to rent check’ for all new tenants beginning their tenancy from 1st February 2016. The reason behind this check is to make sure that the prospective tenant...
Read moreBy having a mortgage on a repayment basis, the capital and interest will be paid off by the end of the mortgage term as the borrower pays back the interest and some of capital off each month. However with an interest-only mortgage, the borrower only pays off the...
Read moreAs a university city, Cambridge is home to many students who wish to purchase their own home here. Stipend income is paid to a person who could be working towards a PhD or completing research for a university. A common enquiry that we receive is whether it is possible...
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