What is an Unregulated Mortgage?
What is an Unregulated Mortgage? An unregulated mortgage is a property loan that does not fall under the same FCA mortgage rules as a regulated residential mortgage. It is often linked to business, investment, commercial or specialist property borrowing. This does not automatically make the loan wrong or unsafe. However, it does mean the borrower […]
What is a Regulated Mortgage?
What Is a Regulated Mortgage? A regulated mortgage is one that falls under the Financial Conduct Authority’s rules. In simple terms, it usually applies when an individual borrows money secured against a property used as a home. The rules exist to protect consumers, improve advice standards, and make sure risks are explained before someone commits to […]
First-Time Landlords’ Mortgage Advice
First-Time Landlords’ Mortgage Advice: Becoming a landlord for the first time changes the way a mortgage is assessed. A home is usually judged around personal affordability. A rental property is judged around rent, risk, property type, deposit, tax position and lender criteria. This is why first-time landlords should not start with rates alone. The better […]