Vacant commercial properties could be seen as an opportunity for an investor to purchase and convert into residential properties in some cases. Permitted development rules make this process much more straightforward, but it’s essential to understand what these are before you get started. What is permitted development and what is […]
Every aspect of life is becoming more expensive, so it shouldn’t be a shock to learn that homebuyers face fresh challenges. Three increases in interest rates have made borrowing to buy a home more expensive, and it appears leading mortgage lenders are set to impose tighter restrictions on their lending. […]
With interests rates and the cost of living increasing now may be a good time to review your mortgage to ensure you are on the right deal and possibly releasing equity to allow you to raise money to carry out some home improvements &/or debt consolidation that you may have […]
A new study in the mortgage sector reveals 34% of UK adults looking to purchase a home in the next year could see their application rejected because of “adverse credit histories”. Considering the financial challenges people endured in the past two years is a growing concern for all those with […]
Comparisons will inevitably be made to pre-pandemic times, and for the mortgage market, there is positive news. In January 2022, there were 74,000 mortgage approvals, according to data from the Bank of England (BOE). In February 2020, the last “normal” month before the first lockdown, there were 66,700 mortgage approvals.
A buy to let mortgage is a mortgage where the lender knows from the outset that you intend to rent out the property. You will have a tenancy agreement drawn up with your tenant called an Assured Shorthold Tenancy (AST) outlining the terms of renting the property.