Mortgages for people with bad credit

If you have missed a few credit card payments, had a County Court Judgement awarded against you or have previously been made bankrupt leaving you with a poor credit rating, you will be pleased to hear that there are mortgages out there for people with a bad credit rating. How should I get a mortgage with bad credit Some mortgage lenders credit score and some look at your credit report…

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3% stamp duty increase on buy-to-let properties and second homes

In yesterday’s Autumn Statement, the Chancellor announced a 3% increase in stamp duty for buy-to-let properties and second homes from April next year. So why the change? In his statement, George Osborn said: “Frankly, people buying a home to let should not be squeezing out families who can’t afford a home to buy”. “More and more homes are being bought as buy-to-lets or second homes”-  and  “This extra stamp duty…

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Buy-to-let mortgages explained

What is a buy to let mortgage? The term ‘buy-to-let’ refers to buying a property to let out to tenants rather than live in yourself. The main aim of buying a property in this way is to make a commercial profit, whether this is from the rental income or growth in value of the property. How are buy to- let mortgages different to home owner mortgages? Unlike residential mortgages a…

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Permitted development rights extended

Article by James Palmer – Connect Mortgages The temporary right was due to lapse in May 2016. However, Brandon Lewis (the Housing & Planning Minister) has now announced that the right will be made permanent as part of the government’s drive to increase housing numbers. The new measures will make it easier to turn under-used office buildings into new homes, so to make the best use of existing buildings including some that…

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Free up cash from your property portfolio

If you are looking to raise capital on your buy to let portfolio, then you may wish to consider the novel range of products offered by Castle Trust. These innovative products can be used to raise additional capital that can be used for a number of purposes including to:  Help you increase the size of your portfolio – from just 1% per month.  Help enhance your surplus yield – from…

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Witch mortgage for you?

It can be difficult to know which mortgage product is right for you! Which would you choose: A 2 year fixed rate mortgage with a 1.54% initial interest rate (4.3% APR) and a £1499 product fee? A 2 year fixed rate mortgage with a 2.59% initial interest rate (5.4% APR) and NO product fee? A 2 year fixed rate mortgage with a 1.84% initial interest rate (5.2% APR) and a…

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Buy-to-let limited company mortgages

Often people believe it is not possible for a limited company to get mortgage finance to buy an investment property. This simply is not true. Although your mortgage options might be slightly more limited than an individual seeking buy-to-let landlord finance, there are still plenty of mortgage products and providers who will lend money to limited companies. One key reason why some people look to buy property through a limited…

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Buy-to-let second charge mortgage

A buy to let second charge mortgage is a secondary secured loan that sits behind your main (or first charge) buy to let mortgage. Second charge landlord loans are often used as an alternative way to raise money instead of remortgaging. They can be arranged both on a long term basis e.g. 25 years or on a short term ‘bridge’ basis of say up to 12 months. Here are a few reasons…

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Buy-to-let interest only mortgages

When seeking a buy to let mortgage you will usually have the option of either an interest only or repayment mortgage (capital and interest). Your investment strategy will usually dictate which of these mortgage repayment options will suit you best. If are you looking to the keep the property as a long investment or form part of your retirement plan a repayment mortgage where you pay of the money you…

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Protecting your buy-to-let property investments

When you invest a lot of time and money building a buy-to-let property portfolio, whether this is to provide income for today or in retirement, it is very important that you also invest some time in considering how you can best protect your assets. Whilst we don’t always like to think about it, most of us at some point can be affected by situations outside of our control. This can…

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