• 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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  • Money Market News

    Money Market News

    Rates as at 15th December 2014: Bank of England Bank Rate: 0.50%, 3 month LIBOR: 0.56%, 2 Year Swap: 0.95%, 5 Year Swap: 1.50%, £1 = 1:57 USD, £1 = 1.26 EUR

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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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  • Pension or property? How will you fund your retirement?

    Pension or property? How will you fund your retirement?

    Almost 8 in 10 landlords consider their buy to let (BTL) property as their pension and 25% of them intend to add to their BTL portfolio over the coming year*. Both those figures are likely to increase once the proposed changes to pension legislation go ahead next April.

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  • ‘Let to Buy’ – Buying without selling

    ‘Let to Buy’ – Buying without selling

    Recently, clients of ours found a property that needed complete redevelopment, so much so that any mortgage lender would consider the property to be ‘uninhabitable’ and therefore unsuitable as security for a mortgage. There was competition for the property so the clients had to move quickly to secure it. They either had to be cash buyers or be in a position to purchase without selling. Read about how they used 'let to buy' as the solution.

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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 is an independent mortgage advisor that advises on and arranges bespoke mortgage solutions for clients. Private Finance is a trading style of Private Finance Limited, 21 Bedford Square, London WC1B 3HH, registered in England no. 3855776. The Partners are members of Private Finance Associates LLP registered in England no. OC357301. Credit broker fees of up to 1% of the amount borrowed may be charged depending on the type of product. Advice is provided by Private Finance Limited. Private Finance Limited is authorised and regulated by the Financial Conduct Authority (FCA registration number 310566).

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