Help to Buy – new scheme from Apr 2021
The current Help to Buy (HTB) scheme comes to an end on 16th December 2020. If you have not applied by that time you will need to wait till 1st April 2021 to move in to the new property when the new scheme starts. However, you can start the new application from that date. […]
Stamp duty holiday
The raised stamp duty threshold will potentially save £1000s for many homebuyers including landlords and property investors
Will mortgage payment holiday affect your credit score?
Mortgage market update regarding covid-19 Mortgage payment holiday (MPH) is available to both residential and buy-to-let mortgages. However, some lenders for BTL mortgages will request evidence that covid-19 has affected the tenant’s income before allowing a payment holiday. Check with lender for criteria. Mortgage payment holiday will not affect your credit profile as long as […]
Affordability & Debt to Income Ratio
How much can I borrow? Mortgage Guide Part 2 Affordability & Debt to income ratio Maximum loan advance is based on the affordability of loan repayment. As a general guidance to qualify for a mortgage, high street lenders prefer monthly loan and other fixed credit related payments to be less than 45% of the gross […]
Stamp duty (SDLT) on second & BTL property 2017
Here is a reminder how stamp duty is applied to second property. We find couples getting married where one already owns a property and wants to keep it while buying a marital home getting caught with the new rule. Click image to enlarge.
Housing White Paper 2017
Few days ago the Communities Secretary Sajid Javid announced a new set of policies in the Commons, which the government says will alleviate the housing crisis in the UK. The plans are aimed at both first time buyers as well as renters. Some of the policies have been previously announce with some additional pledges to […]