• Smaller lenders adapt and innovate to help ‘mortgage misfits’

    Smaller lenders adapt and innovate to help ‘mortgage misfits’

    Are you a would-be mortgage borrower who has been unable to gain access to private finance because of tougher lending criteria introduced in the last year or two? Did you know that, since the introduction of the mortgage industry regulator’s new affordability rules in April 2014, almost half of those who planned to buy a property have failed, according to Experian, the credit reference agency? Many of these potential buyers are ‘mortgage misfits’; borrowers with less conventional circumstances in need of bespoke products and specialist financial guidance.

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  • Money Market News

    Money Market News

    Rates as at 17th July 2015: Bank of England Bank Rate: 0.50%, 3 month LIBOR: 0.58%, 2 Year Swap: 1.23%, 5 Year Swap: 1.85%, £1 = 1:56 USD, £1 = 1.44 EUR

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  • Business Leader Award

    Business Leader Award

    At the 2015 British Mortgage Awards, held in London on 9th July, Simon Checkley, Managing Director of Private Finance, received the top award for Business Leader of the year at a small to medium-sized mortgage broker. The judging panel, made up of the heads of various UK mortgage firms, were impressed by the growth of the Private Finance business under Simon’s direction, without compromising on its high standards of client service.

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  • Budget reaction - changes in buy to let tax relief

    Budget reaction - changes in buy to let tax relief

    Inevitably there will be upward pressure on rents as a result of these changes but no less demand amongst buy to let investors as this type of investment continues to look attractive. The losers here will be tenants. Would-be home buyers should act now to buy, as with buy to let investment continuing to look attractive, prices will continue to rise.

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  • Expat mortgages for UK property

    Expat mortgages for UK property

    The UK housing market is showing signs of cooling down: this is good news for expats working abroad but wanting to buy a property in the UK, sometimes with a view to renting it out until they come home. But how easy is it to get a mortgage if you are based overseas? The answer is that not all lenders offer competitive mortgages to expat buyers, so finding the right deal for your individual requirements can be difficult.

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  • Mortgages for older borrowers

    Mortgages for older borrowers

    If you are retired, close to retirement, or even if you want a mortgage whose term will end after you retire, then you may find that your borrowing options are somewhat limited. However, do not give up just because the high street lenders seem unwilling to help.

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  • How to pay off your Interest Only mortgage

    How to pay off your Interest Only mortgage

    The introduction of new rules for the mortgage market in April 2014 (as part of the Government’s Mortgage Market Review) have meant that, although the UK economy has recovered from its depression of 2008 – 2014, lenders are now unwilling to offer mortgages on an Interest Only basis to many customers.

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  • Mortgages for unusual properties

    Mortgages for unusual properties

    Are you thinking of buying, renovating or converting (or do you already own) an unusual property? Did you know that you are more likely to be approved for a mortgage in today’s market than at any time since the credit crisis of 2008?

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© 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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