Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 5 days 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 5 days 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 week 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 2 weeks 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 2 weeks 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...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 4 months ago

New blog articles detected

  • Small business lending rockets by 30 percent

    Lending to the small businesses sector reached record levels over the past 12 months, shooting up by 29.8 percent to a record £20.7bn. The figures, published by the National Association of Commercial Finance Brokers and reported on by Startups.co.uk in September 2016, suggest that the uncertainty surrounding the exit vote in the EU referendum has... The post Small business lending rockets by 30 pe...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 4 months ago

New blog articles detected

  • Mortgage switch could save £200 every month

    If you switch mortgages for one with a lower rate, you could save around £200 a month, says a September 2016 Daily Mirror article. According to Esther Shaw, former Personal Finance Editor of the Independent on Sunday, now is a good time to remortgage. Many lenders have reduced their interest rates. People on a standard... The post Mortgage switch could save £200 every month appeared first on Ascot...

  • Buy-to-let property still worth investment, says expert

    Landlord Today editor Marc Da Silva, writing for EstateAgentToday.co.uk in September 2016, argued that despite the recent changes that have hit landlords’ finances, buy-to-let investments were still a “safe long-term investment”. Da Silva looked at the recent government measures that have affected landlords’ finances. These include the 3% rise in stamp duty for buy-to-let properties... The post Bu...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 5 months ago

New blog articles detected

  • Housing minister meets buy-to-let tax campaigners

    Campaigners against the reduction in buy-to-let landlord’s tax relief have met with the new housing minister Gavin Barwell to discuss their grievances, reported EstateAgentToday.co.uk in September 2016. They believe that David Cameron’s government was against buy-to-let landlords and they want the present government to reverse this attitude. According to the finance act of 2015, a... The post Hous...

  • Buy-to-let rents at all-time high, except in London

    The average monthly rent for a house in England and Wales rose to £846 in July 2016, which is 5.2% higher than July 2015. Rents in London have fallen slightly. The rental figures were published by the estate agents Your Move, and mentioned in a September 2016 article in The Guardian. Your Move says high... The post Buy-to-let rents at all-time high, except in London appeared first on Ascot Mortgag...

  • Short-term finance solutions needed for disaster-hit businesses

    Many British businesses in recent years have suffered from floods and natural disasters. Access to finance is needed to repair buildings and reopen businesses closed due to flood damage. According to a September 2016 press release, Florida recently offered a financial lifeline to businesses devastated by Hurricane Hermine. The state set up a fund to... The post Short-term finance solutions needed ...

  • Buy-to-let could be the answer to student debt

    Many students leave university with a large amount of debt, but some property experts suggest that investing in the buy-to-let market could result in paying off a student’s debt after they leave university. Due to rising tuition fees and the cost of living, many students leave university with several thousand pounds of debt. As reported... The post Buy-to-let could be the answer to student debt ap...

  • UK auction property prices down but optimism remains

    Estate agents Savills has reported that property prices in auctions have fallen in the last two months, according to a September 2016 Financial Times article. There have been some notable exceptions. A garage in Chelsea with planning permission for residential development was sold for £670,000, significantly above its guide price of £525,000. An office building... The post UK auction property pric...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 5 months ago

New blog articles detected

  • Landlords turning to Airbnb for property advertising

    The Residential Landlords Association (RLA) has highlighted a trend for landlords to take rented property off the open rental market and advertise it on Airbnb for short-term lets. A report by The Residential Landlords Association showed that Airbnb listing in London have increased by 27% over the four-month period up to the beginning of September... The post Landlords turning to Airbnb for proper...

  • Bridging loans – not just for buying property

    The majority of bridging loans are for purchasing property, but there are many other reasons for taking one out. According to a Shropshire Star article from August 2016, Shropshire Wildlife Trust plans to convert a former scrapyard at Whixall near Whitchurch into a nature reserve. The trust needs £500,000 to buy the land and remove... The post Bridging loans – not just for buying property appeared...

  • The growth of build-to-rent investment

    Many buy-to-let investors are looking at the build-to-rent market for new investment opportunities. The BuyAssociation property investment company reported in August 2016 that there has been a large growth in the build-to-rent property market, and that it could overtake buy-to-let. Build-to-rent is the process of building new accommodation for the rental property market. These properties... The po...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 5 months ago

New blog articles detected

  • Can mortgage switching be done in seven days?

    A common complaint about switching mortgages is the length of time it takes. According to a July 2016 article from MortgageStrategy.co.uk, however, the government is in consultation about how this could be made quicker, and has suggested that it could be possible to switch mortgages within seven days or less. With many lenders offering attractive... The post Can mortgage switching be done in seven...

  • Buy-to-let landlords save money by investing in energy efficient properties

    The government is introducing what is known as the ‘Green Tax’, which will force landlords to pay in advance for improvements in energy efficiency for rented properties. This could cost landlords up to £5,000 for each property that they own, said PropertySecrets.net in an August 2016 article. The government requires all landlords to improve their... The post Buy-to-let landlords save money by inve...

Ascot Mortgages Ltd

Category: Content
Type: Blog Article

Generated 5 months ago

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