• Self-employed mortgages; good availability, but lenders’ criteria vary widely

    Self-employed mortgages; good availability, but lenders’ criteria vary widely

    The number of people in the UK who are self-employed is at its highest level for 40 years, according to the Office for National Statistics. But while self-employment brings more freedom, it also causes more problems if you want to buy a property. If you’re self-employed it can be harder to get a mortgage as you are less likely to have a regular monthly income than if you were employed.

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  • Money Market News

    Money Market News

    Rates as at 20th May 2015: Bank of England Bank Rate: 0.50%, 3 month LIBOR: 0.57%, 2 Year Swap: 1.05%, 5 Year Swap: 1.66%, £1 = 1:54 USD, £1 = 1.41 EUR

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  • Sunshine in Yorkshire

    Sunshine in Yorkshire

    The Private Finance Cycling Team has just returned from taking part in the second running of the Carter Jonas Yorkshire Pedalthon on 8th May. This year’s conditions were considerably better than last year’s, but it was still a challenging 70 mile route!

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  • Large Mortgages for ‘High Net Worth Individuals’

    Large Mortgages for ‘High Net Worth Individuals’

    In the last few years, large mortgages above £1,000,000 have been perceived by consumers and estate agency negotiators to be ‘specialist products’, only available from a select number of lenders, typically private banks. But things are changing....

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  • What effect will mortgage interest rate rises have when they come?

    What effect will mortgage interest rate rises have when they come?

    There is no doubt that we are seeing a temporary slowdown in the UK property market as we approach the General Election - although recent findings of the RICS might suggest that the trend is changing. Political uncertainty over proposals such as the mansion tax and stamp duty rises for luxury homes have caused an adjustment at the top end of the market in the final quarter of 2014 and the first quarter of 2015.

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  • 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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  • 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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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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