What are yields and why are they important for property investment? The yield of a property is the annual rental income, expressed as a percentage of the total value of the property. To put it simply, it is the annual rent compared to the total value of the property. For example, a property with a value of £300,000 with an annual rental income of £15,000 would…
DetailsHere at Advocate Finance, we have teamed up with a specialist tax adviser in obtaining stamp duty relief that could be available to you, but not necessarily fully understood by solicitors. There are many circumstances where a stamp duty land tax (SDLT) refund may be applicable in relation to a historic purchase of property…
DetailsCASE STUDY – 3 BUNGALOW DEVELOPMENT Periodically we come across cases that we believe other property investors would be interested to learn about. The summary below is one such case. We hope you enjoy reading it. The property A 3-bedroom semi-detached house plus a large side plot which had planning for 3 new build bungalows on it which…
DetailsCASE STUDY – FINANCING A UNIQUE MULTI-UNIT BLOCK OF FLATS (MUBF) Periodically, we come across cases that we believe property investors would be interested to learn about. The summary below is one such case. We hope you find it helpful. The property This property was a multi-unit block of flats consisting of 4 separate units situated in-between a hairdresser on one side,…
DetailsThe following rates are the market leading rates which we have access to. The lowest Buy to Let rate in the market we have access to is 1.19% for an individual borrower at 60% LTV. The following rates are for Limited Companies which the vast majority of professional landlords are now borrowing within. Contact…
DetailsAs the stamp duty deadline has now passed, we are starting to see a few changes in the market, including the reintroduction of some higher LTV products. We have access to a lender who has recently come back into the market offering 80% mortgages on MUBF up to 10 bedrooms. The main criteria points are, but not limited to,…
DetailsFree Credit Check and How it can Help your Adviser For many investors, credit files can cause issues when trying to obtain property finance and mortgages. Adverse credit in lenders eyes is a red flag when deciding on whether to lend to an individual or not, so obtaining a full credit report can help us…
DetailsIntroduction The purpose of this research was to identify the average yields within the different areas of the UK. Our research also aims to demonstrate the difference in yield between certain property types. This helps allow the applicant to identify if they are paying/offering a realistic price to purchase a property and, very importantly, what…
DetailsWould you like to increase the value of your multi Unit block of flats for borrowing purposes? This MUBF type of asset class is proving to be extremely popular for many landlords . The attraction being that, compared to owning multiple single flats and houses, there is less management time involved. It is often possible…
DetailsWith the increased costs involved to refinance within a Ltd Company, we are seeing more and more lenders introducing retention products, such as product transfers.We explain why product transfers are becoming important. What is a product transfer? A product transfer is transferring your current mortgage deal (when you do not need to increase the loan…
DetailsI was happy with the service provided by David and Advocate Finance Ltd,
Rees Clayton 9th September 2020