Before you start searching for a home it’s a good idea to work out exactly how much you can borrow. You can speak with your bank but by just doing that, you are limiting your options.
There’s a huge range of mortgage deals available from many different lenders and our independent mortgage advisors can check them all. From rates to terms of the mortgage, we get to understand your long-term goals, why you’re buying the property to ensure we find you the best rate, with mortgage terms that suit you.
As the cost of borrowing is so low at the moment, if you’ve already got a mortgage in place you could be paying more than you need to! Our advisors are able to help you look at re-mortgaging options too, maybe even helping you release some money from your home too! You never know, if you could end up paying a lower monthly repayment and get to take that holiday you’ve been dreaming of.
Once again, the message is a straightforward one from us. Buy To Let mortgages continue to remain, on the whole, unchanged. What we are starting to see is companies setting up specific products based on the type of market we are now in and the opportunities presented by it.
Prior to the pandemic, we used to struggle with Buy To Let lenders being unwilling to accept a deposit which had been gifted. There were various reasons behind this, but there has been high demand for lenders to accept gifted deposits and as such we are now seeing lenders adapting and changing their policies in favour of accepting these in the right circumstances.
We have just teamed up with HSBC to be able to offer an exclusive Buy To Let range of products which has never been offered to the intermediary market before. This is a huge step forwards for the world’s largest bank and we are thrilled to be a part of the pilot here at Mortgage Advice Bureau. The products and criteria are different from their direct proposition and if you haven’t done so already, please get in touch as we have specialist Buy To Let and portfolio adviser ready and waiting to take your call.
With the growing demand on the UK tourist industry and most people looking at a ‘staycation’ instead of travelling abroad, the demand for short-term holiday lets has never been greater. This has led to a huge change with a number of our specialist lenders building specific products to cope with this complex type of arrangement. Now is a great time to be looking further afield and we are proud to support and offer support and guidance on this type of rental.
Finally, there has also been another drive towards ‘Green’ lending on properties with certain energy efficiency ratings. Products on these tend to be priced more favourably and offer unique perks to clients. If you currently own a property with an excellent energy efficiency rating or are looking at buying one, then why not look at how those deals shape up?
The Stamp Duty change has of course meant that the last month has been incredibly busy, but the message once again from the clients we are seeing is that the return of Stamp Duty will not make any difference. The demand is still there more than ever, and we are thrilled to continue working with you all to offer you bespoke opportunities to make your investments work harder for you.