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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Expat-mortgage options to buy property in the UK

If you are a UK citizen now living abroad, there are a number of lenders that will still consider offering you an expat-mortgage. This could be just for investment purposes if you plan to remain abroad for the longer term, or it could be let for the short term with the plan to live in the property when you return. Not every UK lender will consider lending in this specialist…

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Basic finance know how for buy-to-let investors

If you are looking to purchase your first buy-to-let property, here are some useful points that may be worth understanding when it comes to property finance. A buy-to-let mortgage is different in a number of ways to a residential mortgage. Firstly, the mortgage contract contains a specific permission to allow you to let the property. Secondly, the affordability for the buy-to-let mortgage is not based on your own income, but instead…

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Been turned down by the high street?

Have you been turned down by a high street bank when seeking a mortgage? At Connect Mortgages we have access to a range of specialist-mortgage-lenders who use skilled underwriters rather than just a computer check list. This means they will judge your finance requirements on its merits and consider: Lending you mortgage-finance up to 5 x joint income. Lending you mortgage-finance if you are newly-employed or self-employed. Lending you mortgage-finance if you…

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Landlords finance cost relief

In the Chancellor’s Summer Budget 2015 it was proposed that the government will restrict the relief for finance costs (interest on mortgages and loans) on residential properties owned by individual landlords down to the basic rate of income tax. Property Companies who own residential properties will not affected by the proposal. Like most businesses landlords are currently able to offset the interest that they pay on their buy-to-let mortgage against…

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Newly self-employed and want a buy-to-let property?

Most lenders will require you to be self-employed for at least 2 years before they will consider you for a buy-to-let mortgage. Here at Connect we have an option for newly self-employed applicants, meaning you can qualify for a buy-to-let mortgage even if you just set up your business last week. Our non status loans are truly that. As long as the purchase is genuinely for an investment property our…

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Fantastic no lender fee refurbishment-mortgage product

Here at Connect we have access to a fantastic no-lender-fee refurbishment-mortgage product, that enables you to refinance to a long term mortgage deal after just one month. PURCHASE & RENOVATE    Borrow up to 70% for a property that needs refurbishment before it can be let.  Quick process – perfect for auctions/ fast purchases.  Competitive rates – from just 1% per month.  No lender arrangement fee, pay just the standard survey and legal cost….

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