Case Studies

Buy to let

First-time landlords, Ltd company and social tenants

Sometimes a deal can make perfect commercial sense but something seemingly insignificant makes it fall outside a lender’s criteria and the whole thing collapses.

Worse, this can often happen at the last minute when the details are being checked and the borrower is left in the lurch. Brokers know that this is where they earn their stripes – finding a solution when clients are most...

02 Feb 17

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Case Studies

Ex-Pat

The ex-pat with complex commercial needs

Ex-pats paid in currencies that are not sterling face enough hurdles as it is following the introduction of tighter regulation under the Mortgage Market Review. Those paid outside of the UK, no matter the currency, face even more hurdles when they want to bring capital into the country.

 Anti-money laundering...

02 Feb 17

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Second Charge

Foreign Currency

The Mortgage Credit Directive brought with it several changes for mortgage advisers: second charges came under the supervision of the Financial Conduct Authority, the ESIS was enforced and foreign currency mortgages suddenly all but disappeared.

But just because the regulation put a lid on the number of products available to borrowers...

02 Feb 17

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Bridging

The developer and the (re) bridging loan

Bridging has been conversely vilified and celebrated over the past ten years. Our attitude is that done right, by a responsible lender in a situation appropriate to the client’s need, it’s a very useful product to have in your arsenal as a broker.

A situation that is seen all the...

02 Feb 17

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Consumer Buy to let

The first-time landlord and consumer buy-to-let

Since the eve of the Mortgage Credit Directive and the introduction of consumer buy-to-let brokers have been left with a lingering anxiety on what to do with first-time landlords.

Lenders haven’t made it easier, with each and every one having a different understanding and definition for the term.

The official...

02 Feb 17

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Buy to let

The professional landlord: complex buy-to-let

There has been a lot of talk about the so-called ‘professionalisation’ of buy-to-let since the former Chancellor George Osborne confirmed a stamp duty hike for landlords, tapering of tax relief and the removal of the wear and tear relief.

Much speculation has been made around putting a portfolio of properties into...

02 Feb 17

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Second Charge

Self-employed second charge

Brokers know that no two clients are the same, no two sets of circumstances are the same and therefore no two deals they need to put together will be the same. Some are more complicated than others however, and when that is the case it can pay to use a...

02 Feb 17

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Commercial

Taxi

It’s all in the details. Sometimes a deal can look like a no-brainer at first glance and it turns out to be something you wouldn’t touch with a barge pole. By the same token, some deals look unworkable but actually, when you dig a little deeper, they make perfect sense....

02 Feb 17

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Ex-Pat Buy to live - Residential

Ex-pats returning home to the UK

There are few who would disagree that the stricter affordability rules introduced under the Mortgage Market Review have benefitted the market, preventing borrowers from overstretching themselves and getting into financial difficulty.

However, strict rules will by their very nature pose problems for people who don’t fit the formula of what...

02 Feb 17

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