Have you ever had a discusision that goes like this:
"It’s all very well suggesting home improvements, but where do you think we’re going to find the money for that?”
The good news is, though: in many cases, there’s free money available to do it, provided the improvements relate to energy saving.
If you want all the details from Peter Kay (yes, I'm not kidding, but its not the Peter you are thinking of!) follow this link: grants. http://ping.fm/zz4vw
Or contact me:
David Lossl The Really Useful Mortgage People Ltd T 0845 170 20 20 M 07855 799 807
email.
http://www.usefulmortgages.co.uk/
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Thursday, 3 December 2009
Accounts letting you down on your mortgage application?
Most lenders take an AVERAGE of the last 3 years trading accounts to work out how much you can afford for a mortgage.
This may be good for businesses where the recession has made them take a financial hit, and historic figures are better than recent accounts.
There are many new businesses, however, where trading figures have been increasing year on year, but no matter how good the last trading figures are, the 2 previous years are dragging them down.
How about a lender that will still want 3 years figures, but will base affordability calculations on the most recent figures alone? This applies to purchases and remortgages. If that sounds good to you, give me a call for more details.
As with all remortgages and purchases any lending will be subject to affordability checks and valuation.
Your home is at risk if you don't keep up the payments of a mortgage or any other loan secured against it.
David Lossl The Really Useful Mortgage People Ltd
T 0845 170 20 20 M 07855 799 807
email. http://www.usefulmortgages.co.uk/
Get the mortgage gossip - Monthly newsletter - subscribe
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This may be good for businesses where the recession has made them take a financial hit, and historic figures are better than recent accounts.
There are many new businesses, however, where trading figures have been increasing year on year, but no matter how good the last trading figures are, the 2 previous years are dragging them down.
How about a lender that will still want 3 years figures, but will base affordability calculations on the most recent figures alone? This applies to purchases and remortgages. If that sounds good to you, give me a call for more details.
As with all remortgages and purchases any lending will be subject to affordability checks and valuation.
Your home is at risk if you don't keep up the payments of a mortgage or any other loan secured against it.
David Lossl The Really Useful Mortgage People Ltd
T 0845 170 20 20 M 07855 799 807
email. http://www.usefulmortgages.co.uk/
Get the mortgage gossip - Monthly newsletter - subscribe
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New job and you can't get a mortgage?
Can't get a mortgage because you are on a probationary period in a new job?
Can't get a mortgage because the lender says you need to have 3 or 6 months in your new job?
One High Street Lender will offer mortgages to employed people from day 1, even if they are on probation.
As with all remortgages and purchases any lending will be subject to affordability checks and valuation.
Your home is at risk if you don't keep up the payments of a mortgage or any other loan secured against it.
For more info:-
David Lossl The Really Useful Mortgage People Ltd
T 0845 170 20 20 M 07855 799 807
email.
http://www.usefulmortgages.co.uk/
Get the mortgage gossip - Monthly newsletter - subscribe
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Can't get a mortgage because the lender says you need to have 3 or 6 months in your new job?
One High Street Lender will offer mortgages to employed people from day 1, even if they are on probation.
As with all remortgages and purchases any lending will be subject to affordability checks and valuation.
Your home is at risk if you don't keep up the payments of a mortgage or any other loan secured against it.
For more info:-
David Lossl The Really Useful Mortgage People Ltd
T 0845 170 20 20 M 07855 799 807
email.
http://www.usefulmortgages.co.uk/
Get the mortgage gossip - Monthly newsletter - subscribe
Updates on twitter Key News Blogs
Join me on facebook
Problems funding a 'tatty' BTL purchase?
Many people are buying BTL investment properties at the moment because there are some great bargains to be had.
People who purchase at Auction, or who pick up a bargain that needs a revamp often hit mortgaging problems. Most lenders only allow a mortgage on a 'habitable ' property, so if it needs a 3 month refurbishment programme, they won't lend.
How about a mortgage specifically designed for 'light refurbishment'? the lender will hold a £25,000 retention until the work is done, and the tenants are in.
This product is available up to 70%loan to value, and there is a modest £100 revaluation fee at the end of 3 months.
For more info do contact me.
David Lossl The Really Useful Mortgage People Ltd
T 0845 170 20 20 M 07855 799 807
email. http://www.usefulmortgages.co.uk/
Get the mortgage gossip - Monthly newsletter - subscribe
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People who purchase at Auction, or who pick up a bargain that needs a revamp often hit mortgaging problems. Most lenders only allow a mortgage on a 'habitable ' property, so if it needs a 3 month refurbishment programme, they won't lend.
How about a mortgage specifically designed for 'light refurbishment'? the lender will hold a £25,000 retention until the work is done, and the tenants are in.
This product is available up to 70%loan to value, and there is a modest £100 revaluation fee at the end of 3 months.
For more info do contact me.
David Lossl The Really Useful Mortgage People Ltd
T 0845 170 20 20 M 07855 799 807
email. http://www.usefulmortgages.co.uk/
Get the mortgage gossip - Monthly newsletter - subscribe
Updates on twitter Key News Blogs
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Only 5% deposit on purchases!!!
It is possible to purchase with only a 5% deposit!!
Although there are no lenders who offer 5% deposit mortgages on a standard purchase, one well known High Street lender offers a way round this:-
Step 1. BEFORE you move you need to remortgage your home with a standard mortgtage with a specific High Street lender. Up to 85% loan to value is available for this.
Step 2. You need to have this new mortgage in place for 1 month. The lender will then allow you to port the mortgage (take it to the new property)
Step 3. The lender allows a TOP UP to 95% on purchases. The top up will be at a higher pay rate than the ported product, but it is still a reasonable rate.
The 5% deposit is available on purchases up to £250,000. For purchases up to £500,000 a 10% deposit is required.
As with all remortgages and purchases any lending will be subject to affordability checks and valuation.
Your home is at risk if you don't keep up the payments of a mortgage or any other loan secured against it.
David Lossl The Really Useful Mortgage People Ltd
T 0845 170 20 20 M 07855 799 807
email.
http://www.usefulmortgages.co.uk/
Get the mortgage gossip - Monthly newsletter - subscribe
Updates on twitter Key News Blogs
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Although there are no lenders who offer 5% deposit mortgages on a standard purchase, one well known High Street lender offers a way round this:-
Step 1. BEFORE you move you need to remortgage your home with a standard mortgtage with a specific High Street lender. Up to 85% loan to value is available for this.
Step 2. You need to have this new mortgage in place for 1 month. The lender will then allow you to port the mortgage (take it to the new property)
Step 3. The lender allows a TOP UP to 95% on purchases. The top up will be at a higher pay rate than the ported product, but it is still a reasonable rate.
The 5% deposit is available on purchases up to £250,000. For purchases up to £500,000 a 10% deposit is required.
As with all remortgages and purchases any lending will be subject to affordability checks and valuation.
Your home is at risk if you don't keep up the payments of a mortgage or any other loan secured against it.
David Lossl The Really Useful Mortgage People Ltd
T 0845 170 20 20 M 07855 799 807
email.
http://www.usefulmortgages.co.uk/
Get the mortgage gossip - Monthly newsletter - subscribe
Updates on twitter Key News Blogs
Join me on facebook
Cheap B and B mortgages.
Slash mortgage rates on Bed and Breakfast premises with up to 4 letting rooms.
High commercial rates on a small B&B enterprise? You can get a standard high street domestic mortgage for B&B premises, as long as there are no more than 4 letting rooms. Tracker rates from 3.08% (3.9%APR) £995 arrangement fee (can be added to loan). Free legals and free valuation. If you know of anyone running a B&B they may be grateful for this info so do pass it on!!
David Lossl The Really Useful Mortgage People Ltd
T 0845 170 20 20 M 07855 799 807
email.
http://www.usefulmortgages.co.uk/
Get the mortgage gossip - Monthly newsletter - subscribe
Updates on twitter
Key News Blogs
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High commercial rates on a small B&B enterprise? You can get a standard high street domestic mortgage for B&B premises, as long as there are no more than 4 letting rooms. Tracker rates from 3.08% (3.9%APR) £995 arrangement fee (can be added to loan). Free legals and free valuation. If you know of anyone running a B&B they may be grateful for this info so do pass it on!!
David Lossl The Really Useful Mortgage People Ltd
T 0845 170 20 20 M 07855 799 807
email.
http://www.usefulmortgages.co.uk/
Get the mortgage gossip - Monthly newsletter - subscribe
Updates on twitter
Key News Blogs
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Sunday, 1 November 2009
Tory planning proposals
The tories are considering changes to the legislation regarding 'garden developments'. Although the propose legislation would be primarily aimed at developers who want to cram in as many properties into former garden spaces, any changes in legislation could imact on private individuals who are considering garden developments.
Read read the full article
My view
If you are considering putting in a planning application for a property in a 'garden space', get the application in now, because things could get much more difficult or even impossible come the next election.
David Lossl The Really Useful Mortgage People Ltd
T 0845 170 20 20 M 07855 799 807 email.http://www.usefulmortgages.co.uk/
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Read read the full article
My view
If you are considering putting in a planning application for a property in a 'garden space', get the application in now, because things could get much more difficult or even impossible come the next election.
David Lossl The Really Useful Mortgage People Ltd
T 0845 170 20 20 M 07855 799 807 email.http://www.usefulmortgages.co.uk/
Get the mortgage gossip - Monthly newsletter - subscribe
Updates on twitter
Key News Blogs
Join me on facebook
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