• 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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  • Money Market News

    Money Market News

    Rates as at 18th February 2015: Bank of England Bank Rate: 0.50%, 3 month LIBOR: 0.56%, 2 Year Swap: 1.03%, 5 Year Swap: 1.55%, £1 = 1:54 USD, £1 = 1.36 EUR

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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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  • Let to buy – how to move home without selling your existing property

    Let to buy – how to move home without selling your existing property

    Property market experts have been talking about a temporary slowdown in the London property market as we head towards the May 2015 General Election. The combined effect of political uncertainty and stamp duty rises for luxury homes has caused a slight downward adjustment at the top end of the market in the last couple of months of 2014.

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  • All I want for Christmas is a deposit for a house!

    All I want for Christmas is a deposit for a house!

    According to the Institute of Fiscal Studies, the average graduate debt is now in excess of £40,000, following the increase in maximum annual tuition fees to £9,000. At the same time, repayments on student loan debt are now included in lenders’ affordability tests to decide how much money to advance to mortgage borrowers. So what are the options for young borrowers that need help in getting onto the property ladder - and for the relatives who would like to provide that help?

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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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