We thought we should provide an overview of how this has affected our core lenders and the products available to landlords. This is a fast changing environment and we are working hard to keep on top of the changes that are occuring daily. Aldermore – Allowing cases to proceed up to 75% LTV with the…
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We have had a lot of customers phoning up with questions relating to the Government’s recommendation for lenders to offer a 3 month mortgage payment holiday for people who will struggle to meet their monthly commitment as a result of the Covid-19 outbreak. I have reached out to a few of our typical lenders to…
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A client called us yesterday concerned about some social media posts regarding the negative impact the current situation could have on buy to let lending, asking for my opinion. As of today we haven’t had any lenders communicate to us that they are pulling back on their appetite for new lending, whether that is a…
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A new product has been launched by Shawbrook Bank aimed at helping the Professional Investor to acquire portfolios from landlords who are looking to sell because of the tax changes or simply looking to retire. The product is unique in that it can allow the purchaser to acquire the portfolio with a deposit as little as 10% of the purchase price, subject to the loan to value being 75% or less. Excluding bridging finance lenders, we are…
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This beautiful house share is the latest project by Property Point Investments and is what valuers have been commenting on as a market leading HMO. Clients of ours since 2016, we have been providing funding solutions to enable Property Point to acquire their properties which are in need of heavy refurbishment. Short term finance in…
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For the second year running, Advocate Finance have won Finance Broker of the Year at the Property Investors Awards. A team of industry experts within the property market made up the judging panel at this annual event which recognises leaders in the property investment sector. Here at Advocate Finance we dedicate ourselves to the landlord…
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We, at Advocate Finance have a passion for arranging solutions for clients’ financing requirements and are fully committed to giving our clients the best customer service possible. We believe our attention to detail and dedication to tailoring mortgages to the exact needs of the client, together with our expertise in providing solutions for all types…
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In light of the current political climate, we would like to share the latest Shawbrook Bank report – The UK Commercial Property Market, Recent Trends and Outlook . From reading the report you will see the message is that the commercial market sector presents a good opportunity for medium and long-term growth if professional investors…
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Great news from one of our favourite lenders for lending to individuals. The Coventry Building Society have announced some positive changes to their lending criteria for portfolio landlords. Why do we like this lender? Highly competitive rates, simple and efficient application process, great product switch facility and fixed rates with no ERC’s, the only issue…
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Landlords are increasingly looking at Semi-Commercial and Commercial Properties as Investment Opportunities due to these properties not being subject to the 3% stamp duty surcharge. For full Commercial Properties the mortgage interest is still allowable as an expense even if the property is held in a personal name. Summary of the key product enhancements from…
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