• Pension changes, buy to let mortgages, taxation and gearing

    Pension changes, buy to let mortgages, taxation and gearing

    The changes to UK pensions legislation from April 2015 are leading to speculation in the media about a ‘tidal wave’ of buy to let landlords, looking to use their pension ‘pot’ to purchase an investment property rather than an annuity. However, being able to do so does not mean it is the right strategy for everyone. For instance, you need a significant pension pot (we estimate £300,000+) to make it worthwhile.

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  • Money Market News

    Money Market News

    Rates as at 9th March 2015: Bank of England Bank Rate: 0.50%, 3 month LIBOR: 0.57%, 2 Year Swap: 0.97%, 5 Year Swap: 1.43%, £1 = 1:46 USD, £1 = 1.38 EUR

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  • 9 tips for property buyers

    9 tips for property buyers

    With Spring finally in the air, many of us will be planning to look at properties over the Easter break, which comes relatively early this year over the first weekend of April. There are many magazines, websites and TV programmes designed to turn us into a nation of expert house buyers. But what are the most important things to remember for when looking for your ideal residential or investment property? We asked some of the UK’s leading property consultants for their opinions.

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  • Mortgage rates at record low after price war between lenders

    Mortgage rates at record low after price war between lenders

    The Bank of England has reported that fixed rates are at record lows. In fact several banks are now charging less for their mortgages than they are paying on their best ‘easy access’ saving rates. The next few months could prove the best time in history to take out a fixed rate mortgage.

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  • 5 reasons why you might consider using a property buying agent

    5 reasons why you might consider using a property buying agent

    A number of our clients in London and the country are turning to the services of a property buying agent, not only to purchase £1million+ houses and apartments but also more modestly priced properties, for residential and sometimes investment purposes. Property buying agents’ fees are in line with the commission you would expect pay an estate agent to sell your home. So what do you get for your money?

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  • Eight reasons why you should consider using an independent mortgage broker

    Eight reasons why you should consider using an independent mortgage broker

    Comparison websites and ‘best buy’ tables cannot hope to reflect the wide range of factors involved in a mortgage that affect the overall cost; it takes experience and expertise to weigh up all of the variables and recommend the right lender, then negotiate the right deal. Pricing of mortgages varies significantly between lenders, depending on their assessment of the quality of the lending. This is determined by factors such as loan to value ratio, loan size, your income and your general financial status. (Reasons 2-8 follow....)

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  • Mortgages for self-employed or business owners with complex income

    Mortgages for self-employed or business owners with complex income

    For many years, the simple answer to the question ‘how much can I borrow’ was ‘a multiple of your income as shown on your P60 or payslip’. Some mortgage calculators, high street lenders and price comparison websites still quote a basic formula like this, even when giving guidance on the amount that a self-employed professional or entrepreneur might reasonably expect to borrow.

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  • Offset Mortgages Explained

    Offset Mortgages Explained

    With interest rates unlikely to rise soon, instant access savings accounts will continue to pay poor rates of interest. Borrowers can make their savings work harder by offsetting them against their mortgage, thereby reducing the interest they pay. Offset mortgage borrowers can choose to reduce their monthly mortgage payments or keep their payments the same and reduce the length of the mortgage term, while retaining easy access to their savings in case of emergency.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

© Private Finance Limited, 2015. Private Finance provides independent mortgage advice and arranges individual mortgage solutions for clients. Private Finance is a trading style of Private Finance Ltd, 21 Bedford Square, London WC1B 3HH, registered in England no. 3855776 and Private Finance Associates LLP (PFA LLP) of the same address, registered in England no. OC357301. PFA LLP is an Appointed Representative of Private Finance Ltd. Charges are based on the loan amount and the complexity of your needs and circumstances. Our maximum fee is 1% however typically our average fee has been 0.28%, i.e. £980 on a loan of £350,000. Private Finance Limited is authorised and regulated by the Financial Conduct Authority (FCA registration number 310566).

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