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Over recent months, my unwavering advice has been to fix at least a portion of the interest that you pay on your loans / mortgages in anticipation of increases in base rate. But in the light of recent steep increases in the fixed rates, is that advice still valid? To put this in context, until the “bonkers budget” of 23rd

Below is a great example of why using a broker is vital. Client needed £176,000 to refinance owner occupied commercial premises. The issues our client had was that High Street Banks would not support due a a recent Management Buy Out. Despite the issues, we funded via a 25 year committed term at an excellent 3.5% over base rate (variable)

Conspiracy theorists fervently believe that this is coming in the world as Bill Gates et al take control of your minds! Now whilst I can confidently debunk that particular idea, It perhaps seems possible that following the sudden spike in fixed interest rates, we may be about to see a big reset in the property market? You see, most North

We are seeing an increasing trend of lenders offering a  “green” version of their buy to let finance product offerings. This is  via discounts to both set up fees and in some cases an increase in the amount a lender is willing to lend. Generally, a “Green” buy to let mortgage is available  for clients who have properties with Energy

We received an enquiry from an experienced property landlord, mainly working within the holiday let sector.  He was looking to expand and diversify his portfolio by purchasing a 4 bedroom cottage to be used as a standard buy-to-let on an AST basis. The only ‘problem’ was that it was located on the beautiful island of Orkney which is out of

Bank could rein in rate hikes despite inflation fears – according to the Evening Standard. Experts believe the Bank of England may scale back interest rate rises due to the conflict in Ukraine, with analysts at ING saying there has been a “massive” re-pricing of interest rates in the UK, with markets now betting on rates rising from 0.5% to

It is surprising what is considered by many buy to let lenders as a “non-standard” case. Issues that we see include:- First time buyers; Portfolio landlords (excluded by many lenders) Properties to be refurbished; Adverse credit issues; Multi-unit blocks (apartments and HMOs) Remote locations away from main population centres; Scottish property; Low personal income on tax returns. Lenders affordability criteria

In 2021, we assisted with the purchase of 2 BTL properties for a first time landlord looking to build an investment portfolio.  As a non-owner occupier it was out of criteria for several lenders but her strong financial position enable us to source 75% loans with rates from 1.89%. Along with her business partner, she has now formed a Limited

The news on the street is that another rise in Bank of England base rate is pencilled in for their February meeting – the result of which is due on Thursday 3rd February. Consumer price inflation rose to 5.4% in the year to December 2021 and expectations of inflation becoming an ongoing rather than temporary issue are starting to rise.

So more good news in the commercial finance world for commercial mortgages. Hopefully the much talked about “Blue Monday” effect is already receding but to help the week further on its way, here is some more good news! So you may (or may not) know that in the Autumn 2021 budget, the government Recovery Loan Scheme has been extended –