If you are looking to invest in property, the experts will suggest you have a clear strategy from the outset. Once you have mastered a particular investment strategy, then you can start to diversify. Sometimes it’s best to just focus on one strategy and become an absolute expert. As they say: practice makes perfect. A particular property investor decided from the outset that his BTL strategy was H... »
Newly launched specialist BTL lender, Fleet Mortgages, provides more choice for experienced landlords. Experienced landlords that have used up all their life lines with certain lenders can now expand their property portfolio with Fleet Mortgages. Fleet Mortgages will lend on HMOs and to limited companies/special purpose vehicles (SPV)—a welcome relief, as we have been starved of variety in t... »
The 2008 global financial crisis led to the demise of a number of niche BTL lenders, notably: GMAC-RFC SPML Mortgage Express Igroup Edeus Bristol & West Rooftop UCB Homeloans Money Partners Preferred Mortgages Victoria Mortgages Unity Homeloans Capital Home Loans (CHL) Some of these lenders were offering 90% LTV BTL mortgages at 100% rental calculation. Fast-forward to 2015 and we are n... »
Household of Multiple Occupation (HMO) simply means a property that is rented out to more than one tenant. For example: a landlord renting a three bedroom house to five students. Each student will have their own bedroom but share bathroom and kitchen facilities. The landlord converts the lounge and dining room into bedrooms and charges £400 per month x 5 rooms = £2000. A single let is where a pro... »
According to Google: building society, noun, British: A financial organization which pays interest on investments by its members and lends capital for the purchase or improvement of houses. The 2008 financial crisis led to a number of banks closing down, and those still standing have tightened their lending criteria. Some of you have tried to get a mortgage but been turned down for not meeting the... »