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  1. The Mortgage Broker

    Mortgage rates fall for BTL investors

    With buy-to-let landlords being hit from all sides with changes that could affect their businesses, it is no major surprise to learn mortgage rates for BTL loans are dropping. The past three months have seen a drop of around 4% in the amount a buy-to-let mortgage might cost, according to...
  2. The Mortgage Broker

    Buy to Let Sales Suffer in the Last Year

    It is a headline many of us expected, but perhaps not to the degree that has occurred. The Council of Mortgage Lenders has confirmed a “weak start to 2017” for the buy-to-let market, and there is no sign this will change at present. Activity in this portion of the housing market is around...
  3. The Mortgage Broker

    Which Postcode Areas are Best for Buy to Let?

    New research has shown that some postcode areas are outperforming others in terms of buy-to-let properties. Capital gains and rental yield were just two of the elements considered in the research by LendInvest. Rental price growth was another key factor. The research has also shown which areas...
  4. The Mortgage Broker

    Q – I am self-employed; can I still get a mortgage as I don’t pay myself a high salary?

    Answer: Most people assume that you need 3 years’ worth of trading accounts to get a mortgage – only a few lenders now have this approach to their lending criteria in today’s market. There are lenders out there who will lend to you based on just one year trading and one year’s accounts so all...
  5. The Mortgage Broker

    Should I buy my next Buy to Let in my personal name or a Ltd company?

    Very good question and the answer is not a straightforward one. First of all you need to take some tax advice from a tax specialist or an accountant as your current tax bracket could change and could make the difference in the answer provided. The new tax changes being implemented over the next...
  6. The Mortgage Broker

    Are the new Rental Calculations from lenders limiting your borrowing?

    Most probably the answer is yes whilst banks and building societies are adapting to the new rules laid out to them. Some good news: Thankfully there are still a few lenders out there that are offering rental calculations at 125%, rather then the new & seemingly standard 145% calculation...
  7. The Mortgage Broker

    Default on your credit file - Can you still get a mortgage?

    This depends on the size of the default, whether or not it is satisfied and the date of the default. For example, a £200 default from 13 months ago which has now been satisfied would not be a problem for most lenders. In comparison a £1500 unsatisfied default from 6 months ago would be near...
  8. The Mortgage Broker

    I am 64 years old and my lender says I need to repay the mortgage - Am I too old?

    This is one of our "Ask the expert" topics based on a residential mortgage and the answer was as follows: Thankfully the answer is now YES. In recent months we have had a few more lenders changing their lending criteria to allow the older borrowers the availability to borrow into their...
  9. The Mortgage Broker

    Are you a Buy to Let Mortgage Prisoner?

    Many landlords are saddled with lenders on less than competitive interest rates, or stuck on higher standard variable rates making them virtual mortgage prisoners, according to The Mortgage Broker Ltd, a nationwide broker providing mortgages to buy-to-let landlords and investors. Landlords may...
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