Why you need an adviser that understands these properties! Are you losing out by not having multi-unit blocks of flats as part of your investment property portfolio strategy? Often abbreviated as MUBFs, this type of asset class is proving to be very popular for many landlords but what is it that attracts investors to multi-unit blocks of flats? Less management time – They are easier to manage…
DetailsWe are delighted to share with you Shawbrook’s Property Brand Video – designed to showcase the essence of Shawbrook…. it’s people. In this short one minute 40 video clip our Director, David Tonks can also be seen! We hope you enjoy it.
DetailsPurchasing residential buy to let properties at auction have proved a popular source for many landlords and investors. This can seem daunting for first-timers, however with the right mindset and financing in place there should be no reason why you cannot met these deadlines for completion. Auction Financing – On the Day Each property will…
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Here at Advocate Finance, a large amount of our business over the past fourteen years has been carried out without the need for face to face contact. Our testimonials themselves show how we have many satisfied clients from all over the UK. In fact, we also have several long time clients residing outside the UK.…
DetailsThe current situation has been challenging operationally from a legal perspective. The ability to complete deals slowed down temporarily but it has brought in a spirit of change as to how business is handled, and we only hope this will continue in the future. Key Changes Lenders Legal Documents – Some bridging and commercial lenders…
DetailsWith the housing market finally re-opening following government guidance, we have been looking into how the COVID-19 lockdown has affected the housing market. Advocate Finance have been keeping up to date throughout the lockdown with regular webinar attendance and a close eye on industry press releases .After a recent webinar with the Managing Director of…
DetailsWe 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…
DetailsWe 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…
DetailsA 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…
DetailsA 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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