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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At Advocate Finance, we are seeing about 90% of our clients carrying out their property investment via a Limited Company. Common questions and concerns that our clients raise regarding limited company finance is what security lenders require. Outlined below is brief overview of the different types of security that lenders require. Legal Charge As with…
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In the ever-changing property market, it’s important for professional landlords to keep informed and even more important to have a trusted broker who provides expert advice and knows the current market inside and out. We recently had a meeting with the Business Development Manager of one of the biggest lenders in the BTL market. During…
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September 2017 saw the Bank’s regulator, the PRA, bring in a new series of requirements that Banks must follow when lending to portfolio landlords. Below is a series of the common questions we are asked by our landlord clients Why did the Bank regulator do this? The regulator, at the time, saw a large increase…
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We are often approached by property investors asking about the different funding options converting a property into a HMO. These properties are proving to be increasingly popular high yielding investments for professional landlords. For those landlords considering converting properties into HMOs, there are various financing options that are available. I have provided a comparison of…
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In a previous post, we explained the benefits of the bridge to let proposition offered by Precise Mortgages (Link to post). In this post I compare the Products offered by Precise Mortgages with a product from Shawbrook Bank and explain the pros and cons of both. Both products are very competitive and unique to the…
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What is multi-Unit block of flats (abbreviated to MUBF) A MUBF is 2 or more flats on 1 freehold title. We have arranged mortgages for MUBFs from 2 to 20 units all on 1 freehold title and in theory there is no maximum as to how many units you can have on the freehold title…
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Are you looking to refurbish a property and want a loan that covers 100% of the works costs? Continue reading to see how we could help you. Market leading bridging lenders now offer competitively low rates whilst also funding 100% of the works, allowing you to maximise the value of your property. These loans tend…
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HMOs remain an ever-popular investment for our professional landlords. In many cases we see investors purchase a residential property with the intention of converting that property into a HMO. Once converted, investors look to refinance at the higher investment value of the HMO (as opposed to the bricks and mortar value) with the objective to…
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