Finance
CAN FINANCIAL SERVICES PLUG THE GAP AS THE MARKET SLOWS?
Recent stats from the CML show that last year 360,000 people moved homes, meaning the number has stayed roughly flat for three year. In some areas, such as greater London, the number of home movers fell to their lowest levels for 25 years, highlighting the acuteness of this issue. While agents across the UK are…
EAN Content
Leveraging luxury and classic cars to finance property
We recently wrote on the subject of of leveraging a collection of fine art in order to secure a large mortgage; however, art isn’t the only luxury asset which can be used as security when a client is being considered for a high net worth mortgage. We also work with a lender who will allow…
Enness Private
Are 100% Mortgages A Good Idea For First Time Buyers?
When it comes to getting on the property ladder, saving for the deposit is – at risk of mixing metaphors – often the toughest hurdle to overcome. By 2016, the average deposit for a first time buyer was more than £30,000, meaning the upfront cost of a house is higher than the average annual salary…
EAN Content
WHY BANKS AND BUILDING SOCIETIES SHOULD BE LENDING TO THE SELF EMPLOYED
Leading national broker, The Mortgage Broker Ltd, is urging the mortgage industry to catch up with modern living and end the view that a landlord with PAYE income is more secure than a contractor, or sole trader. According to the latest Office of National Statistics, the level of self-employment in the UK increased from 3.8…
EAN Content
Estate agents with foreign buyers boost their revenue
Estate agents are finding new ways to boost their bottom lines on foreign buyer property transactions with commissions on the foreign exchange transaction
EAN Content
Enness Private: How has the mortgage market fared throughout 2016?
This week we took a look back over the year, as featured in an article on Mortgage Solutions; it has been a strong year for both new entrants to the lending market and for existing mortgage brokerage firms. It has been a great year for businesses bringing something new to the market. Of particular note…
Enness Private
Basing your investment on rental yields
The property market continues to grow but why, when it comes to making investment decisions, does it all revolve around the price? This may seem like a strange suggestion given that almost all investments are made from a financial perspective. However, when it comes to rental yields, using them as a gauge can help determine…
Mark Burns
What Mortgage Options Do People with Bad Credit Have?
Having a bad credit score should not prevent you from securing a mortgage loan and paying for that dream house you have always wanted. Instead of spending the money on rent, you can actually gain so much more by buying a property with the help of a good mortgage loan. There are some options to…
Christopher Walkey
HMRC clarifies changes to non-dom status
Back in March when everyone was pondering the ramifications of George Osborne’s eventful Summer Budget, we outlined the key changes to non-dom status in an article for our overseas clients. Then the details were hazy, and there were more questions than answers. Now, the government has released a consultation which we hope will provide answers to…
Enness Private
The rise of the private bank mortgage
Gone are the days when private banks were seen as old, stuffy institutes run by aristocrats. Once reserved for the super-rich and famous, they have become increasingly accessible as demand for high value mortgages continues to grow. The key difference between private banks and high street lenders has always been the quality of personal service…
Enness Private
How to get a mortgage with Directors’ Loan income
A huge number of clients that come to Enness are self-employed, so we understand that as a director of a limited company, there are many ways you may decide to structure your income to best suit your needs. However, many lenders (especially on the high street), are not always so understanding. If you do not…
Enness Private
HMO checklist: getting your property ready for the new semester
Here’s a fact to ease the challenges of owning a Houses in Multiple Occupation (HMO) property: already this year HMOs have returned higher yields for landlords than any other form of buy-to-let. The average is 10.2 per cent, almost double that of the standard let. It’s an encouraging figure we should all celebrate. But success…
Christopher Walkey
How to secure a House of Multiple Occupancy mortgage
A House of Multiple Occupancy mortgage, or more commonly known as an HMO mortgage, is a great way for investors to maximise the rental income they receive from a property. It involves letting out as many rooms in a property as they can, to tenants who are not all members of the same family and…
Enness Private
5 reasons why you should use a mortgage broker
Securing a mortgage has previously been likened to a rite of passage, being something nearly all of us have to pass through when becoming responsible homeowners. Despite this, the long journey to meeting that milestone can seem a treacherous one, for some more so than others. As the mortgage market continues to prove an unpredictable…
Enness Private
Why Savvy Savers Invest in Property
These days, there seems to be a global increase in investments in the real estate sector. Investors are looking for ways to expand their holdings beyond stocks, bonds, and funds, and property investment is becoming increasingly popular. Be it residential property or commercial property, whether you plan on renting it out or fixing the house…
Christopher Walkey