HMO Mortgage Product Launch

Only 10 Year Fixed Mortgage for House of Multiple Occupation (HMO)

Buy to Let Mortgage Brokers are wakeing up to an announcement from Precise Mortgages of a new product launch. Precise Mortgages offers a Five Year Fixed 75% LTV HMO Mortgage at just 3.99%. Today ( 13/09/2016 ) the lender popular with property investors has launched: 10 Year Fixed Mortgage for HMO’s at just 3.99% Precise offering two products 10 year …

HMO Valuations - Commercial or Buildings

Valuation of House in Multiple Occupation ( HMO )

The valuation of House of Multiple Occupation (HMOs) can be undertaken under two methods: Buildings Valuation (common) Commercial Valuation (rare) Commercial HMO Valuations are rare in that most lenders do not offer this route, they take the view that Buildings Value gives them greater security based on vacant possession re-sale value. Buildings HMO Valuations¬† are more common. Its the valuation …

How is Buy to Let Affordability Assessed?

Buy to Let Mortgage affordability is calculated by ensuring that the rent payable is over the minimum mortgage that will be required to be paid AND in most cases your personal income. Their are three variables to formula mortgage lenders use – the Rent/the Loan, the Multiplier and the Rate. the Rent: is what rent can be achieved at the …

Stamp Duty

FAQ: 2016 Stamp Duty for 2nd Properties

After 31 March 2016 any “additional property” that you purchase will have an extra 3% stamp duty. This came about after 2015 Budget but has now been clarified in the March 2016 Budget. Since then landlords have been rushing to beat the impending SDLT rise, despite not knowing the final complexities. Frequently Asked Questions Q. If I own 15 properties …

Limited Company Buy-to-Let

What you need to know: Limited Company Buy to Let FAQ

Landlords nationwide are discussing the Advantages and Disadvantages of Limited Company Buy-to-Let. We will look at some of the questions raised. Can I buy a property in a Limited Company? Yes. ¬†Lenders offer products for purchasing properties in companies. Are Ltd company buy to let mortgages hard to get? No. Mortgage lenders have products that can buy properties in a …

Limited Company Buy to Let Mortgages.

Limited Company Buy to Let – Advantages and Disadvantages

With George Osborne’s 2015 Summer Budget reducing mortgage interest relief for landlord holding property in there personal names – Limited Company Buy to Let has become an overnight hit. This is due to the added Tax benefit of a Limited Company being able to retain profits preventing pushing property investors into higher rate tax payers and the mortgage interest relief …

Buy to Let for First Time Buyers?

Can First Time Buyers get a Buy to Let Mortgage? – the answer with a privizo is Yes! In a post Mortgage Market Review (MMR) world where affordability for residential mortgages are checked more thoroughly, mortgage lenders are under intense pressure by regulators to ensure Buy to Let is not abused as an avenue to finance. Legitimate First Time Buyers …

Is Conveyancing more expensive for Company Buy to Let?

With thanks to George Osborne and his tax plans, the number of property investors calling Bespoke Finance asking for Limited Company Mortgages has risen. I am no expert in tax – but – I understand it is the benefit of retained profits in the LTD Company allowing property investors to lower there tax return therefore perhaps keeping out of the …

Can I get a interest only Buy-To-Let Mortgage?

Yes – Interest Only Mortgages are available for Buy to Let Investment. Interest Only Buy to Let Mortgage Products are widely available from mortgage lenders. This is a considerable difference to residential mortgages in which after a FCA Intervention mortgage lenders removed there products – often only available at a very low LTV or those with high income. As of …