Friday, October 25th, 2019
Despite the fact that for a number of years second charge mortgages have now been under the same regulatory framework as mortgages, many advisers still regard the use of the former as an option that they will only explore if a remortgage or further advance from the existing mortgage provider is not possible. Consider all […]
More »Tuesday, September 24th, 2019
According to data collected by specialist lender Precise Mortgages for the second quarter of 2019, Houses of Multiple Occupation (“HMOs”) returned rental yields of approximately 6.3 per cent when compared to the market average for all buy to let property which was around 5.5 per cent. Although there may be many reasons that drive more […]
More »Tuesday, September 24th, 2019
So how do buy to let mortgages really work? A buy-to-let mortgage is a loan for the intended purpose of purchasing a property which you will then let out. The main difference between buy to let mortgages and residential owner-occupier mortgages is that the amount mortgage providers are willing to lend is also dependent on […]
More »Thursday, August 22nd, 2019
According to a recent survey undertaken by Legal Marketing Services Ltd (“LMS”; a principal provider of conveyancing services to the housing industry), the current uncertainty surrounding Brexit and the prevailing UK economic climate is one of the main reasons why mortgage brokers have recorded a significant increase in the number of borrowers seeking professional advice […]
More »Tuesday, July 30th, 2019
According to a report released recently by the Intermediary Mortgage Lenders Association (IMLA), entitled “Buy to Let at a crossroads”, the buy to let industry has had to absorb some significant regulatory and taxation changes in recent years. Use a Specialist Buy to Let Mortgage Broker Given these complex changes, landlords may choose to utilise […]
More »Sunday, June 30th, 2019
A recent survey conducted by Legal & General (“L&G”) has revealed that around 30% of borrowers who went direct to a lender for their mortgage didn’t know or perhaps did not fully understand how a professional mortgage adviser could help them with their search for a mortgage. Don’t Miss Out on a Better Deal In […]
More »Monday, May 27th, 2019
According to recent figures released by the FLA (Finance & Leasing Association), the year-on-year comparison for second charge mortgage lending increased 31% by volume between March 2018 and March 2019, the highest growth rate for over 10 years. Here at Caboodle Finance, we believe that there are several factors which are likely to have significantly […]
More »Wednesday, April 24th, 2019
In recent years, some mortgage lenders have increased the term over which a mortgage can be taken to up to a maximum of 40 years, whilst others have also taken the decision to increase the maximum age by which a mortgage must be repaid. Lower monthly payments, but at a price… At first glance, it […]
More »Friday, March 22nd, 2019
The latest UK Finance figures indicate there has been a year-on-year reduction across the board for buy to let lending. No matter which parameters you look at, be it the number of mortgages, the total amount of lending or even the number of new properties purchased as a buy to let property, all show a significant […]
More »Thursday, February 28th, 2019
When you consider the amount of the jargon used by some in the industry concerning mortgages, property and the related legal aspects of a purchase, it is, on reflection, not surprising that many first-time buyers then struggle to fully understand the process, and data recently released by mortgage lender Aldermore certainly seems to confirm this. […]
More »Caboodle Financial Services Ltd
SQ2 House
240B Lichfield Road
Four Oaks
Sutton Coldfield B74 2UD
Telephone: 0121 308 9114