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…

Read More

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…

Read More

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…

Read More

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…

Read More

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….

Read More

25% Cheaper – Is now the perfect time to buy-property-abroad?

Falling house prices, cheap mortgages and the strong pound mean now could be the perfect time to buy a property abroad. In France for example these factors mean it is now almost 25 percent cheaper for Brits to purchase a property than a year ago according to leading international property experts. Ultra low long term fixed rate mortgage deals are currently available over a 25 year term with an interest…

Read More

Is becoming a Ltd Company the right route for landlords?

The recent tax and stamp duty changes for landlords have resulted in a large number of landlords re-thinking their investment strategies, and we have already seen an influx in enquiries from existing landlords wanting to consider Limited Companies for their new property purchases and existing portfolios. Not every investor will benefit from a Limited Company structure and it will depend very much on the makeup/yield of your portfolio and existing…

Read More