Average deposit for first time buyers now over £50,000
New research has found that the average house buying deposit that a first time buyer is £51,821. If house prices continue to rise,
A bridging loan can help you buy unmortgageable property
Most people and property investors purchase homes by using a mortgage, but there are several types of property that mortgage lenders regard as
What are the timescales for bridging finance?
A major benefit of bridging finance is that a borrower can have the loan funds available much more quickly than with most conventional
Competition between commercial mortgage lenders benefits borrowers
There are many commercial mortgage lenders competing for business. This has kept interest rates low and caused some lenders to offer special deals
UK land worth 5 trillion pounds
The latest figures from the Office for National Statistics (ONS) has revealed that the total value of land in Britain is 5 trillion
Interest rates rise on buy-to-let mortgages
The average two-year tracker commercial mortgage for buy-to-let landlords in December 2017 is 2.43% compared to 2.40% in 2016, says a December 2017
Commercial properties to residential use
There is a shortage of houses to meet the high demand for homes, but the Nationwide Building Society has suggested that developers could
Why it pays to use a mortgage broker
There are several advantages to using a mortgage broker to find the best commercial mortgage loan deals. Zina Kumok writing for
UK Budget reveals buy-to-let investors could pay more capital gains tax
Many buy-to-let landlords have formed companies to own privately rented residential property because this saves them tax, but in the November 2017 Budget,
The key role of bridging loans when mortgages are delayed
There are all kinds of reasons why mortgage applications get delayed. Bridging loans can be arranged quickly and are useful to complete purchases
Can buy-to-let mortgages be used for holiday lets?
According to FTAdviser.com (November 2017), many lenders have asked brokers to advise their clients that properties with buy-to-let commercial mortgages cannot be used
How does buy-to-let differ from commercial mortgages
Many buy-to-let landlords want to diversify their property portfolio and are considering investing in commercial property. Landlords investing in commercial property for the
High street lenders are “inflexible”, claims expert
Mortgage expert Jane King, addressing delegates at the recent Financial Adviser Mortgage Masterclass, accused high street lenders of being too prescriptive and inflexible.
Holiday let properties are attracting buy-to-let landlords
Following government changes, the costs for buy-to-let landlords have risen. PropertyReporter.co.uk suggested in November 2017 that this has caused many landlords to diversify
The rising cost of car parking land
A recent sale of a car parking space in St Ives, Cornwall for £40,000 has highlighted the rising costs of land for car
Can you repay a bridging loan early?
A bridging loan is a flexible short-term loan, and because it’s flexible, most bridging loans do not charge exit fees if you repay
How quickly can I get a bridging loan?
Bridging loans are flexible short-term loans that can be used for a number of purposes. One advantage they have over many other forms
Landlords with bad credit history may get mortgage help
Landlords who want a mortgage to purchase buy-to-let property may soon be able to get a loan even if their credit history is
Can self-employed get bridging loans?
Bridging loans are short-term flexible loans that can be arranged quickly. If you are self-employed, it is possible to get a bridging loan.
Buy-to-let landlords may have to join ombudsman scheme
Communities Secretary Sajid Javid has proposed that landlords should be forced to join an ombudsman scheme that is designed to deal with tenant
Can you get a bridging loan with bad credit?
Loans almost always involve a credit check, but you might be surprised to find that even if you have a poor credit rating,
Turnover of top British hotels increases
In positive news for those involved or looking into commercial mortgages within the hospitality sector, the total revenue of the top 500 British
Commercial mortgages available for Airbnb purposes
Many people rent their houses out on a short term basis to Airbnb users, and a new type of mortgage is being launched
Most residential mortgage lenders continue to snub Airbnb
Most lenders do not allow borrowers with a residential mortgage to let out their houses on a short-term basis via sites like Airbnb,
