Finance

Nationwide enters equity release mortgages market

 

As part of a revamp to its mortgage offering, Nationwide will be entering the equity release market, in line with its exploration into ways to help parents pass wealth onto their children and help homeowners unlock the wealth tied into their properties. The lender is currently planning to roll out its own ‘safer’ range of…

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Enness Private

Market uncertainty makes it a nervous time for investors

 

The way in which the property market is moving is making it difficult for investors to make decisions. The referendum that is taking place on the 23rd June will determine whether Britain remain in the EU or leave it and until the result is announced the property market is going to move extremely slowly. Investors…

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Mark Burns

More lenders commit to older borrowers & high LTV rates gap closes

 

Following the recent announcement that many high street lenders, such as Nationwide and Halifax, had decided to increase their maximum lending age limits, Family and National Counties Building Society re-affirmed their own commitment to this sector quite considerably. While many have only recently started to ease their lending restrictions for borrowers past state retirement age,…

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Enness Private

Has the Bank of Mum & Dad Helped You Onto the Property Ladder?

 

The increasingly renowned Bank of Mum and Dad are expected to lend a helping hand to 25% of UK property transactions this year. In numerical terms this means that our parents are expected to fork out a combined total of over £5 billion, contributing to over 300,000 mortgages.   Each set of parents are anticipated…

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The future of buy to let mortgages

 

The future of buy to let has been a hot topic this week. In the wake of the Bank of England’s recent clampdown, prospective investors have been anxiously consulting brokers up and down the country. Lenders and borrowers alike have barely had time to draw breath since a host of tax changes were announced and, inevitably, the…

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Enness Private

How Do Mortgage Lenders Respond to Japanese Knotweed on a Property?

 

When purchasing a house it is obvious that the potential buyer would get a surveyor to check the condition of the property and estimate its value.  But what if the surveyor discovered the house (which the buyer thought would be his/her perfect home) contains Japanese Knotweed? How would mortgage lenders respond to a property with…

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Alex Evans

Have we Reached the Point of Too Much Tax on Property Investments?

 

When the most recent budget was announced it all became clear that there would be no relief from higher rates of Stamp Duty for institutional investors. Many are seeing this as the pivotal moment that investment property is being taxed too much. Taking you back to the 2015 Autumn statement that higher rates of Stamp…

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Accord buy to let fixed rate remortgage deals discounted.

 

The buy to let arm of Accord Mortgages has now discounted a large selection of its 2 year fixed rate remortgage deals at up to 75% loan to value (LTV), including a mortgage fixed over a 24 month period now available at 2.34% for landlords with a 25% deposit. The latest fixed rate remortgage deals…

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Enness Private

Wealthy frozen out by Mainstream Lenders.

 

It may seem contradictory that the very wealthiest borrowers are the ones who struggle most to secure the best mortgage deals from mainstream lenders. Believe it or not, this has been a prevailing market trend over the past few years. Amid concern lenders were issuing mortgages too freely, the Mortgage Market Review (MMR) – in…

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Enness Private

High Return Low Risk Property Investment.

 

NRIA’s nine-year proven and unique approach to developing investment property guarantees high returns to investors under their 100% satisfaction money back guarantee. It is the only guaranteed investment real estate available in the United States. Their realty development process entails coordinating and micromanaging dozens of arduous tasks like financing, construction, inspections, and tenanting – so…

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Alex Evans

Low income strategies when investing in real estate.

 

Investing in real estate is a great way to have earn money out of it later. But with low monthly income, it is not that easy to be approved to take a credit. Here I am going to present some low income strategies when investing in real estate as a way of earning money from…

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Alex Evans

Squeeze on non standard mortgage availability.

 

More news is out today that mortgage availability continues at a reduced level, those affected in the latest tightening of rules are the non standard mortgage applications where people wish to borrow in excess of 90% add this change to the maximum loan to income (LTI) ratio on which has dropped significantly according to the…

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Allen Walkey

Mortgage approvals drop compared to same time last year.

 

As we approach the end of the year not such a cheery note as far as mortgage approvals are concerned, High street bank mortgage approvals were down 20 per cent in November compared with the year before, new figures from the British Bankers’ Association (BBA) research have shown. Along with the mortage figures also house…

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Allen Walkey

Kerb appeal

Buying an Investment Property May Have Some Pitfalls.

 

Have you ever bought an expensive dress that seemed to suit you just fine in the beginning only to realise a couple of hours later it’s not a deal to die for? Well, that probably hurts but not as much as spending all your money on an investment property that doesn’t pay off the way…

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Alex Evans