Series 5 Women in Property with Lisa Orme In the Women in Property series Lisa discusses her property career, the highs and the lows, the good and the bad deals and her move into finding her dream business in mortgages along with loads of tips about being a woman in property, getting organised and her … Continue reading Listen to Lisa on The Property Voice Podcast!
Useful Info re Fixed Rate Product Terms Some lenders offer ‘dated term’ mortgage products and others offer products by number of years. This will be detailed in your Illustration and/or Offer, however it is worth noting that if your chosen mortgage product has an end date and your completion date is delayed the product term … Continue reading Top Tip – Fixed Rates
We were contacted by the client looking to raise money for a business rates bill of £32,000. They had a large commercial and residential building in London and had intended to let the commercial premises to a third party. Despite the third party spending money and 18 months getting planning permission for their intended use … Continue reading Loan for £32k biz rates bill!
100% ‘top up’ second charge loans for property investment now available up to 36 months! This extended time period is brilliant as it gives you far longer to use the facility without the pressure of repayment. You can in effect create your own bridging/revolving loan facility! It isn’t cheap but lending like this isn’t going … Continue reading 100% ‘top up’ loans!
Are you an experienced developer? Do you have the site but not the money? We can arrange 100% funding for your development INCLUDING THE PURCHASE OF THE LAND! Criteria – Experienced developers of similar projects – A target GDV of £2m – £15m – Ideally units should have individual values under £500k – New-build or … Continue reading 100% JV Devt Finance
From 1/4/19, the 3 month London Interbank Offered Rate (LIBOR), which is applicable to all InterBay products, has decreased to 0.84%. As a result, all InterBay term loan products and their terms and conditions will change in accordance with the new LIBOR rate. The change will automatically apply to new and pipeline applications. Initial pay … Continue reading InterBay LIBOR Change
Fleet are back! New products launched today; not bad and quite competitive unlike their last lot! They also have their low rental calc as they aren’t a PRA lender however I do see a lot of landlords placed with them based on this factor alone when actually they would have fitted elsewhere at a cheaper … Continue reading Fleet are back!
We were approached by the client with a portfolio of 6 properties. The client is aged 58 and had already retired due to illness. They had 4 mortgages on very short terms with Rosinca (old MX mortgages) and were considering how they would fund their retirement and deal with the pending mortgage expiries especially in … Continue reading I LOVE THESE CASES!
Lots of investors will be on rates that track libor, commercial loans often track libor and in particular reversion rates often do so. It is rare but also possible that a residential or standard B2L mortgage tracks libor too. However are you aware that due to the libor scandal and concerns about libor stability post … Continue reading Do you know who SONIA is?
More great news! Precise have launched a Refurbishment product. If you think about the old TMW Refurb product it’s along those lines. It starts out as bridging but there is a GUARANTEED B2L mortgage backing it. Subject to a reinspection to confirm the works have been completed you will then move over to the mortgage. … Continue reading Precise Launch B2L Refurb Mortgage