Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 5 days ago

New blog articles detected

  • The value of a bridging loan broker

    Bridging loans are short-term loans that are useful for a variety of reasons. There are many lenders, and their costs and interest rates vary, making finding the best one something of a challence. A bridging loan broker can help you find the best bridging loan deal. Why is it difficult to compare bridging loan deals?... The post The value of a bridging loan broker appeared first on Ascot Mortgages...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 5 days ago

New blog articles detected

  • Changes make bridging loans more attractive

    There was a time when bridging finance was expensive and the service standards of some lenders left a lot to be desired. However, as MortgageStrategy.co.uk discussed in a March 2017 article, the situation is now a lot better. There is fierce competition amongst bringing finance providers and this has kept rates down. Most responsible lenders... The post Changes make bridging loans more attractive ...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 5 days ago

New blog articles detected

  • When do you need bridging finance?

    Bridging finance is about short-term loans. The term ‘bridging’ is used because these loans are usually used to bridge the gap between the need for funds to be available quickly and the completion of a long-term loan. Completing property purchases Most bridging loans are used to purchase property. A typical example of this is where... The post When do you need bridging finance? appeared first on A...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 5 days ago

New blog articles detected

  • Landlords diversify to remain profitable

    Faced with rising costs, many landlords are looking to broaden their options relating to the type of property they invest in, including looking at commercial mortgages. They are also looking at alternative ways to finance their purchases. The increase in stamp duty to 3% on property purchases for people owning more than one house, and... The post Landlords diversify to remain profitable appeared f...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 5 days ago

New blog articles detected

  • Mid-March mortgage insurance advice

    Perhaps the worst fear of a mortgage payer is missing payments and then having their home repossessed. Mortgage protection insurance protects the mortgage by covering the repayments if the holder loses their income through sickness or accident. Why you need mortgage insurance Many households have enough savings to cover the mortgage if they are off... The post Mid-March mortgage insurance advice a...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 5 days ago

New blog articles detected

  • Crowdfunding helps save Kent pub

    Many drinkers dream of owning their own pub. For just £100, part of that dream can come true. The 15th-Century Chequer Inn in Ash, Kent was saved from being converted into residential property by the Chequer Inn Ash Society. The society is appealing to people to buy shares for £100 each in order to raise... The post Crowdfunding helps save Kent pub appeared first on Ascot Mortgages.

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 5 days ago

New blog articles detected

  • What borrowers look for in a bridging lender

    According to the Association of Bridging Lenders, the value of bridging loans reached record levels in the last quarter of 2016 with a total of £2.88bn lent. There is fierce competition between lenders and this has resulted in low interest rates and low fees. Faced with a large choice of lenders, borrowers can be understandably... The post What borrowers look for in a bridging lender appeared firs...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 5 days ago

New blog articles detected

  • How to get a mortgage if you are self-employed

    It’s no secret that it’s more difficult to get a mortgage if you are self-employed, but with the right preparation, it can be done. According to a February 2017 WhatMortgage.co.uk article, one in eight mortgage applications from self-employed people are turned down. To increase the chances of a mortgage offer, WhatMortgage.co.uk urges self-employed people to... The post How to get a mortgage if yo...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 5 days ago

New blog articles detected

  • Find cheap mortgages during rising interest rates, expert urges

    Mortgage interest rates are rising and could rise further in the next year, which means it is a good time to find a cheap fixed rate mortgage, according to personal finance expert Sam Brodbeck. Writing for The Daily Telegraph in March 2017, Brodbeck said that though mortgage rates have been falling for the past few... The post Find cheap mortgages during rising interest rates, expert urges appeare...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 5 days ago

New blog articles detected

  • How to be a successful buy-to-let investor

    Following the rise in stamp duty and reduction in tax relief on commercial mortgage interest payments, it may not seem the right time to invest in the buy-to-let market. However, Pete Muggleston, writing for EveryInvestor.co.uk in March 2017, argues that buy-to-let investing can be profitable provided that wise and adequate planning goes into the decision.... The post How to be a successful buy-to...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 1 week ago

New blog articles detected

  • The pro and cons of investing in retail property

    Many buy-to-let landlords faced with increasing costs are looking into retail property investments, but potential investors need to consider the advantages and disadvantages. There are around 539,000 retail outlets in the UK, which represent about 10% of all UK businesses. In 2016, £4.5bn was invested in buying retail premises. This the highest amount invested since... The post The pro and cons of...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 1 week ago

New blog articles detected

  • Buy-to-let interest rates fall to new low

    The average two-year fixed-rate buy-to-let mortgage fell from 2.82% in January to 2.76% in February, reported ThisIsMoney.co.uk in March 2017. This is the lowest rate since January 2012, and compares to an average interest rate of 3.29% just 12 months previously. After April, the tax relief on mortgage interest payments will be set to a... The post Buy-to-let interest rates fall to new low appeare...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 1 week ago

New blog articles detected

  • January saw rise in remortgage activity

    The latest figures from LMS conveyancing experts (cited in a March 2017 PropertyReporter.co.uk article) reveal that between December 2016 and January 2017, the number of people remortgaging rose by 10% from 27,700 to 30,439. In January, the number of people who switched mortgages was the highest since February 2009. Five-year fixed-rate deals are the most... The post January saw rise in remortgage...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 1 week ago

New blog articles detected

  • Nine out of ten do not have income protection insurance

    According to Kevin Cash, writing in The Financial Times in February 2017, 90% of the population of Britain does not have any form of income protection. This is particularly worrying for mortgage holders who may not be able to keep up with their payments if they cannot work through sickness or injury. Cash suggests that... The post Nine out of ten do not have income protection insurance appeared fi...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 1 week ago

New blog articles detected

  • Mortgage trends of last year revealed in survey

    In a March 2017 article, FinancialReporter.co.uk has published the result of a survey of mortgage intermediaries that revealed the mortgage trends of 2016. The survey was conducted with 201 mortgage brokers and other intermediaries. Their answers revealed that 30% of all mortgages in the last quarter of 2016 were remortgages, which is 4% up on... The post Mortgage trends of last year revealed in s...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 1 week ago

New blog articles detected

  • What is a ‘cross-country’ landlord?

    A ‘cross-country’ landlord is one who owns properties in various parts of Britain. Since property prices and rental levels differ in different regions of Britain, many landlords are looking beyond their immediate area in order to find good property investments. In the past, many landlords tended to buy property in the region where they lived.... The post What is a ‘cross-country’ landlord? appeare...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 1 week ago

New blog articles detected

  • The costs of landlords forming limited companies

    Next month, changes to the tax system mean that many landlords will face a reduction in the tax relief on their mortgage interest payments. Some landlords are considering forming limited companies to avoid this extra cost. In a March 2017, a LondonLovesBusiness.com article has looked at the pros and cons of this strategy. The new... The post The costs of landlords forming limited companies appeare...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 2 weeks ago

New blog articles detected

  • Should a business buy or rent its premises?

    Many businesses rent property while others own their premises, but what are the pros and cons of either option? Here are some reasons why businesses make the property decisions they do: Why own property? • Property is a company asset that should increase over time and provide extra financial backing for a business. This can... The post Should a business buy or rent its premises? appeared first on ...

  • Bridging loans are the answer to delayed commercial mortgage applications

    The Prudential Regulation Authority (PRA) has introduced new affordability rules that could delay commercial mortgage applications for buy-to-let landlords, but a February 2017 article on BridgingAndCommercial.co.uk has discussed how bridging loans can provide finance until a commercial mortgage application is completed. Under new financial guidelines, landlords applying for a mortgage need to sat...

  • Changing mortgages could help pay for landlords’ tax rises

    The tax relief on commercial mortgage interest payments is being reduced from April 2017. Jo Thornhill, writing for ThisIsMoney.co.uk in Feburary 2017, has suggested that landlords who find a cheaper mortgage deal may be able to make savings that will make up for the reduced tax relief. Currently, tax relief on mortgage interest payments is... The post Changing mortgages could help pay for landlor...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 2 weeks ago

New blog articles detected

  • Bank of England rule change could mean more large mortgages

    The Prudential Regulation Authority, a division of the Bank of England, has changed the rules affecting how many large mortgages of 4.5 times or more than a borrower’s income can be issued, reported ThisIsMoney.co.uk in February 2017. Prior to the rule change, lenders could not lend more than 15% of their borrowers large mortgages. This... The post Bank of England rule change could mean more large...

  • How should I approach buying property at auctions?

    There are a few problems that can arise when purchasing property at auctions. However, those who do their homework and approach the auction wisely will find that solutions are not too difficult to come by. Many people use auctions to find property at below the normal market value. Buyers need to be aware that if... The post How should I approach buying property at auctions? appeared first on Ascot...

  • Landlords turn to companies and commercial loans to avoid tax rises

    The tax relief on commercial mortgage interest payments for buy-to-let landlords is being reduced and, as EveryInvestor.co.uk reported in February 2017, many landlords are turning to commercial loans and incorporation to avoid tax increases. The tax relief on commercial mortgage payments is being gradually reduced over the next few years to 20%. This means that... The post Landlords turn to compan...

  • Should I consider a student mortgage?

    Some mortgage lenders provide mortgages for university students, but, as a February 2017 Guardian article discusses, they are not for everyone. At graduation time, many students have debts of thousands of pounds, so mortgages for students could lessen this debt burden. The mortgages for students turn them into landlords. Finance is available for up to... The post Should I consider a student mortga...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 3 weeks ago

New blog articles detected

  • Property investors fuel rise in demand for bridging loans

    Bridging loan demand rose in the last quarter of 2016 and much of this demand was from property investors, reported LandlordNews.co.uk in February 2017. The Council of Short Term Lenders has published figures that show that there was a 26% rise in Q4 of 2016 from the quarter immediately before it. Short-term lending for the... The post Property investors fuel rise in demand for bridging loans appe...

  • Families of missing mortgage borrowers may be given power of guardianship

    MPs are debating the introduction of a new law that gives families of missing persons’ guardianship rights. If a family member goes missing, currently there is no way that the family can protect the mortgage and the property of the missing person. This law, however, would enable family members to become guardians over the mortgage... The post Families of missing mortgage borrowers may be given pow...

  • Monday morning mortgage insurance advice

    OK, so it may not seem like a gentle introduction to your working week, but Mondays represent the start of a fresh seven days, with new ideas and goals, so why not take this opportunity to have a think about your mortgage insurance situation? After all, the mortgage is usually the largest debt that a... The post Monday morning mortgage insurance advice appeared first on Ascot Mortgages.

  • Auto-enrolment scheme proposed for income protection insurance

    The Institute and Faculty of Actuaries (IFoA) has proposed an auto-enrolment scheme for income protection, reported TheActuary.com in February 2017. The IFoA believes that income protection insurance can reduce the government’s cost of out of work benefits. Its president, Colin Wilson, said: “The advantages of income protection products are clear – they provide an effective... The post Auto-enrolm...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 3 weeks ago

New blog articles detected

  • Low-deposit mortgages on the rise for first-time buyers

    Spring will soon be here, and is the peak time for first-time buyers looking for a home. November 2016 research by the website Money Facts has revealed that there has been a significant increase in low-deposit mortgages for first-time home buyers. The government’s Help to Buy scheme was intended to help first-time buyers by guaranteeing... The post Low-deposit mortgages on the rise for first-time ...

  • Buy-to-let interest rates fall for large deposit mortgages

    Interest rates on buy-to-let mortgages are falling, but only for landlords who can put down a large deposit, reported This Is Money in 2017. According to figures quoted by the website, the average two-year fixed rate for a mortgage deal with a 40% deposit has fallen from 2.59 % to 2.27% over the last 12... The post Buy-to-let interest rates fall for large deposit mortgages appeared first on Ascot ...

  • Buy-to-let has bright future, says leading letting agency

    Belvoir, a nationwide letting agent, supports the expansion of the buy-to-let market and wants the government to have a more positive attitude to private rented property in their housing policies, says a February 2017 Nottingham Post article. Lloyd Rumbold of Belvoir’s Nottingham office said that landlords face challenges, but he is optimistic about the future... The post Buy-to-let has bright fut...

  • Buy-to-let market buoyant but faces challenges

    In 2016, the number of buy-to-let mortgages was up 3% on the previous year, and the total amount lent was up by 7%. Despite the introduction of the 3% stamp duty levy on buy to let properties, many investors were attracted by the high yields that were possible in many areas of the UK, says... The post Buy-to-let market buoyant but faces challenges appeared first on Ascot Mortgages.

  • Demand for purpose-built student housing rises

    A report by property consultants Knight Frank reveals that the number of students living in purpose- built student property has doubled since 2007, according to a February 2017 article on LSE.co.uk. In the academic year 2014/2015, there were 72,000 students in the UK in purpose-built accommodation, compared to 34,000 seven years earlier. Students are demanding... The post Demand for purpose-built ...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • Can renting help solve the housing crisis?

    Universal home ownership is a political dream that that is thought to be the answer to Britain’s housing crisis. Isaac Tabner, a senior lecturer at the University of Stirling writing for The Independent in February 2017, believes that universal home ownership is not the solution. He says that renting should have a large part to... The post Can renting help solve the housing crisis? appeared first ...

  • Wednesday wisdom: Life insurance advice

    When an adult member of a family dies, on top of the grief, there can be the added burden of struggling financially. If your family’s lifestyle is wholly or partly dependent on your salary, then life insurance can ensure that your family remains financially secure. Why don’t people have life insurance? Although life insurance makes... The post Wednesday wisdom: Life insurance advice appeared first...

  • Five reasons why it makes sense to buy a life insurance policy

    There are many reasons to purchase a life insurance policy, but here are five of the biggest: 1. To pay for the funeral According to the Royal London National Funeral Cost Index Report, a burial funeral cost an average of £4,136 last year, and a cremation funeral cost £3,214. In some parts of the country,... The post Five reasons why it makes sense to buy a life insurance policy appeared first on ...

  • Government publishes housing white paper to tackle housing shortage

    The government has issued a white paper that aims to tackle a national shortage in housing, reported The Guardian in February 2017. Sajid Javid, the Communities Secretary, said in the House of Commons that in many places, rents took up half a household salary, and house prices were now 7.5 times the average income. He... The post Government publishes housing white paper to tackle housing shortage ...

  • New campaign urges government to treat landlords more fairly

    The Residential Landlords Association (RLA) is campaigning for the government to treat landlords more fairly by reversing some of their recent changes in the March budget, PropertyWire.com reported in February 2017. The RLA claims that a number of changes in the buy-to-let rules have resulted in a 63% drop in buy to let purchases in... The post New campaign urges government to treat landlords more...

  • A guide to income protection insurance

    Most households have regular bills to pay: the mortgage, energy bills, food, insurance and many more expenses. What happens if the main wage earner in the household cannot work because they are sick or injured? Income protection insurance can remove the financial burden caused by losing your income. Benefits are not enough Unemployed people get... The post A guide to income protection insurance ap...

  • Rising standards help bridging loans bin their poor reputation

    There was a time when bridging loans were regarded with some suspicion by mortgage brokers and borrowers, but a February 2017 MortgageStrategy.co.uk article discusses how this has changed. Today, for many people buying property, a bridging loan is their first choice for a quick short-term loan. The Association of Short Term Lenders (ASTL) has a... The post Rising standards help bridging loans bin ...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • High demand for mortgages from first-time buyers

    The government’s Help to Buy mortgage guarantee scheme has ended, but this has not decreased the number of first-time buyers applying for mortgages, says a February 2017 Moneyfacts.co.uk article. The Help to Buy mortgage guarantee scheme was launched in response to the difficulty first-time buyers were having saving for a large deposit for their first... The post High demand for mortgages from fir...

  • New buy-to-let rules could result in more bridging loans

    The Prudential Regulation Authority (PRA) has introduced new commercial mortgage affordability guidelines that can delay the mortgage application process, says a February 2017 BridgingAndCommercial.co.uk article. Bridging loans could increasingly be used to complete buy-to-let property purchases. New affordability guidelines mean that mortgage lenders require rental levels to be at least 125-145% ...

  • Majority of homeowners did not switch mortgages during rate fall

    Research by YouGov has revealed that the majority of mortgage holders did not switch their mortgages when interest rates fell in 2016. In Scotland, 41% of homeowners did switch their mortgages, and this is the highest percentage of mortgage switchers for any UK region, says a February 2017 FinancialReporter.co.uk article. The average across the whole... The post Majority of homeowners did not swit...

  • Self-employed face remortgaging challenges

    Around 10% of the UK’s working population is self-employed, but many find it difficult to remortgage, says a February 2017 FT Adviser article. The Office for National Statistics has said that in 2008, 3.8 million people were self-employed and this rose to 4.6 million in 2015. Simoney Kyriakou, a financial expert writing for FT Adviser,... The post Self-employed face remortgaging challenges appeare...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • Mortgage affordability on the up

    The website MoneyFacts.co.uk reported in February 2017 that mortgage affordability has dramatically improved in recent years. A key part of the decision by a lender to approve a mortgage application is their assessment that the applicant will be able to afford the mortgage repayments. A major part of these affordability calculations is the percentage of... The post Mortgage affordability on the up...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • Some frequently asked questions about a critical illness policy

    A critical illness insurance policy provides financial help if you are diagnosed with a serious illness. The policy normally pays out a lump sum if you suffer from a severe condition such as cancer. A lot of people find the intricacies of such a policy confusing though, so this article seeks to answer some of... The post Some frequently asked questions about a critical illness policy appeared firs...

  • Protection insurance recommended for renters

    Many people do not think they need protection insurance until they apply for a mortgage to purchase a house. However, according to a February 2017 report in the website MoneyFacts.co.uk, people renting accommodation are advised to take out protection insurance. MoneyFacts published figures from recent Scottish Widows research showing that only 16% of renters have... The post Protection insurance r...

  • Online auctions could increase the number of houses sold at auctions

    Many property auctioneers now conduct auctions online, which allow buyers from all over the world to bid on properties without having to travel to an auction venue, as a January 2017 BridgingAndCommercial.co.uk article discusses. According to the Essential Information Group, property auctions experienced a 10% loss in business in 2016 compared to 2015. The growth... The post Online auctions could ...

  • Critical illness advice – everything you need to know in 500 words

    Critical illness cover gives you the financial security in knowing that you are covered if you have a serious illness. You are paid a tax-free sum if you are diagnosed with a critical illness. A critical illness often means that you are unable to work for a considerable length of time, and this places a... The post Critical illness advice – everything you need to know in 500 words appeared first o...

  • Buy-to-let mortgages at historic low interest rates

    Two- and three-year fixed commercial mortgages are available at all-time low rates, reported FTAdviser.com in February 2017. The Buy-to-Let Mortgage Product Index monitors mortgage lenders and products available for the buy-to-let landlord. The January 2017 index shows that fixed two-year commercial mortgages are being offered at 2.92%, and three-year fixed mortgages can be found at... The post Bu...

  • Win a £25 M&S gift voucher!

    For our second competition in 2017 we’re giving away another £25 M&S gift voucher to one of our followers on Facebook. All you need to do to enter the competition is to ‘like’ our Facebook page here, and comment on our Facebook competition post here to let us know you’ve entered. The lucky winner will... The post Win a £25 M&S gift voucher! appeared first on Ascot Mortgages.

  • Back charging on bridging loans banned by ASTL

    The Association of Short Term Lenders (ASTL) has amended its code of conduct to ban its members from the practice of back charging on bridging loans, reported MortgageSolutions.co.uk in February 2017. To attract borrowers, many bridging lenders offer low promotional interest rates for new borrowers. If a borrower defaults on repaying the loan, some lenders... The post Back charging on bridging loa...

  • How to keep your house

    Sadly, homes are repossessed every day, but there are simple ways to prevent this happening to you. Richard Fenton, writing in the Daily Star in February 2017, reported that 15 homes a day are repossessed in the UK, which works out as one every 96 minutes. Losing your home because you cannot afford to pay... The post How to keep your house appeared first on Ascot Mortgages.

  • Commercial mortgage and standard residential mortgage – what’s the difference?

    A commercial mortgage resembles a residential mortgage, but there are some significant differences. A commercial mortgage is usually for property that is designed to generate income. This can be directly through commercial or private individuals paying rent. A business may take out a commercial mortgage for property to expand their business and expect to generate... The post Commercial mortgage an...

  • Some common bridging loans myths that still get repeated

    Despite strong media coverage over the last year, some myths about bridging loans are still believed by many. In January 2017, Mortgage Strategy looked at some of these myths or misconceptions, starting with the belief that bridging finance is the last resort, when in fact many businesses use bridging loans as a regular financial strategy.... The post Some common bridging loans myths that still ge...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • Government collects £8.3bn in stamp duty

    Figures released by the treasury reveal that in 2016, the government collected £8.3bn in stamp duty on the purchases of residential property, reported WhatMortgage.co.uk in February 2017. This is an increase of £1.3bn on the 2015 figure of £7bn. From April 2015, purchases on second homes faced a 3% stamp duty surcharge. This particularly affected... The post Government collects £8.3bn in stamp dut...

  • Number of remortgages significantly increased in 2016

    According to new figures published by conveyancing firm LMS, the value of remortgages went up by 21% in 2016 compared to the previous year. According to a January 2017 PropertyWire.com article, a total of £65.7bn was borrowed. In total, 384,950 remortgages were arranged, which was 15% more than in 2015. One of the drivers behind... The post Number of remortgages significantly increased in 2016 app...

  • Three financial options for commercial property

    There are three main ways to finance commercial property purchases: commercial mortgages, bridging loans and development finance. According to Daniel Tannenbaum in a January 2017 Startups.co.uk article, the commercial property market is worth around £871bn a year. There are many opportunities available for both new and experienced commercial property investors. The three finance options have... Th...

  • Most income protection claims are successful

    Many people mistakenly believe that insurance companies will try not to pay out on income protection insurance claims. This is not the case according to the Association of British Insurers (ABI), and an FTAdviser.com article from January 2017. Income protection insurance is often confused with payment protection insurance. Both types of protection can help to... The post Most income protection cla...

  • Bridging loan applications up 500% in four years

    According to the Association of Short Term Lenders, there has been a 500% increase in the number of bridging loan applications over the last four years. A January 2017 press release appearing at Webwire.com suggests this is probably due to low interest rates, the flexibility of bridging loans and the speed at which funds can... The post Bridging loan applications up 500% in four years appeared fir...

  • How a bridging loan can complete a residential property purchase

    Ideally, when buying and selling your house, you want the completion of the sale of your existing house to be on the same day as the completion of the purchase of the house you are moving to. Real life does not always conform to this process of course, so this is where a bridging loan... The post How a bridging loan can complete a residential property purchase appeared first on Ascot Mortgages.

  • Barking is London’s best buy-to-let location

    The website Homes & Property listed the best districts in London for buy-to-let investors in a January 2017 article, and has named Barking as the top area. In the last 12 months, landlords have faced the extra costs of stamp duty rises and tax relief cuts. This may have put off many landlords increasing their... The post Barking is London’s best buy-to-let location appeared first on Ascot Mortgage...

  • Should you buy a shop with a flat to beat buy-to-let tax changes?

    This month (February 2017), The Mail Online discussed the advantages and disadvantages of buying semi-commercial property, such as a shop with a flat above it. The Mail concluded that semi-commercial property is a viable alternative to conventional buy-to-let properties. Semi-commercial properties are exempt from the tax changes that affect buy-to-let landlords. Semi-commercial and commercial prop...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • Buy to let landlords turn to commercial property

    The number of buy to let landlords who are purchasing commercial and semi-commercial property has increased by 300% over the last few years. Olivia Rudgard, writing in the Daily Telegraph, stated these figures. With extra stamp duty charged last year and the upcoming changes to the tax rules putting off many buy to let landlords,... The post Buy to let landlords turn to commercial property appeare...

  • Decrease in available buy to let mortgages

    It has been revealed that the number of buy to let mortgages has decreased. This follows new affordability regulations and the decrease in tax relief that landlords can claim. The Daily Telegraph has reported that the number of commercial buy to let mortgages available has fallen from 1,482 in December 2016 to 1,408 in January... The post Decrease in available buy to let mortgages appeared first o...

  • What are commercial mortgage loans?

    A commercial mortgage loan is for property that is not the borrower’s residence. They can be used to purchase business premises and buy-to-let residential property. Semi commercial property is where a business is conducted, while also providing living accommodation. This type of property includes shops with flats above them, and pubs. If the borrower is... The post What are commercial mortgage loa...

  • Radical scheme targets home affordability

    Many people living in London on an average wage cannot afford to buy a house, but an innovative scheme in the city’s Mile End area is targeted at solving this problem. The East London Community Land Trust has developed houses whose prices are linked to the local income. There have been some affordable housing schemes... The post Radical scheme targets home affordability appeared first on Ascot Mor...

  • Mortgage availability and first time homebuyers on the rise

    According to a Bank of England survey of banks and building societies, the number of mortgages available for borrowers will rise during the first quarter of 2017. The Bank of England’s Credit Conditions Survey also found that the number of mortgages available for less than a 25% deposit will rise. Mortgage interest rates remain low... The post Mortgage availability and first time homebuyers on the...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • Buy-to-let landlords expand in the North East but slow down in London

    Many buy-to-let landlords are buying properties in the North East of England because of higher yields, reported ThisIsMoney.co.uk in January 2017. In April 2015, stamp duty on buy-to-let properties rose to 3%. This year, the tax relief on mortgage interest payments is reduced, and there are more stringent affordability tests that make it more difficult... The post Buy-to-let landlords expand in th...

  • Complex mortgages now easier to find

    Most mortgages by high street banks are targeted at borrowers who have a full-time job with a regular monthly income. This makes it difficult for the self-employed, the retired and people with more than one income source to obtain a mortgage. Now, many lenders are making it easier for people with more complex financial situations... The post Complex mortgages now easier to find appeared first on A...

  • Mortgage insurance advice

    The largest financial debt for most households is usually the mortgage. If you cannot work through illness, an accident or redundancy, then it will probably become difficult to continue paying the mortgage payment each month. You could receive government benefits but these are very low, and may not be enough for you to keep up... The post Mortgage insurance advice appeared first on Ascot Mortgages...

  • Buy-to-let mortgage lenders diversifying into residential lending

    The Council of Mortgage Lenders has predicted that the buy-to-let commercial mortgage market will decrease in 2017. Many specialist buy-to-let lenders are now offering standard mortgages for home buyers. Several factors have contributed to a downturn in the market activity in this area. In 2016 there was a rise in stamp duty on buy-to-let houses... The post Buy-to-let mortgage lenders diversifying...

  • Cross-charging mortgages introduced

    Some lenders have launched cross-charging mortgages as a bridging finance option. A cross-charging mortgage enables homeowners to borrow on two properties. This means that people can take out a bridging loan both on the house they are selling as well as the house that they are buying. After a long term mortgage has been arranged,... The post Cross-charging mortgages introduced appeared first on As...

  • One in three people fear losing their job

    According to research by technology firm CEB, a third of employees fear losing their job because they perceive that the economy has slowed down. Around 30% of people say that the Brexit vote will negatively affect their career. To counteract these fears, the Office for National Statistics reported that the unemployment rate is at a... The post One in three people fear losing their job appeared fir...

  • Lawyers advise landlords on commercial property

    Many landlords are switching from buy to let residential property to investing in commercial property. Leading lawyers warn that commercial property investments need a different business model from residential property. Rufus Ballaster and Chris Picardo, city lawyers at Carter Lemon Camerons LLP, say that it is a good idea for landlords who find the buy... The post Lawyers advise landlords on comm...

  • Points to consider when choosing life insurance

    Life insurance means your dependants will receive money upon your death that could make the difference between struggling financially and having enough money to continue funding the lifestyle they are used to. For most people, taking out life insurance makes sense yet many people put off putting life insurance in place. It’s natural that people... The post Points to consider when choosing life ins...

  • Remortgage approvals at record levels

    The most recent figures from the Bank of England Money and Credit statistics show that in November 2016, remortgage approvals reached record levels of 45,683, which is the highest recorded figure since October 2008. The data published by the Bank of England highlights that considerable savings could be made by switching to a cheaper mortgage... The post Remortgage approvals at record levels appear...

  • When you need a bridging loan

    Bridging loans are short-term flexible loans that are traditionally used to complete property purchases, but there are other uses for them too. Completing a house purchase The main use for bridging loans is when property purchases need to be completed quickly. A typical scenario is when someone is purchasing a new house, but the sale... The post When you need a bridging loan appeared first on Asco...

Out-Market Your Competitors?

Get complete competitive insights on over 2.2 million companies to drive your marketing strategy.

Create Free Account Log in

Out-Market Your Competitors

Get complete competitive insights on over 2.2 million companies to drive your marketing strategy.

Create Free Account

Already a user?  Log in