Hadrian JUNE Finance Newsletter
The June edition of the Hadrian Finance Newsletter has been released. The theme this month is Property Finance. This month’s articles include:
Guide to Short Term Bridging | Top 5 BTL Mortgage Rates | Refurb to Let Bridging Products | Top Slicing Explained | Five Year Fixed Rate News | and the latest Finance Industry News
Short Term Bridging: Read Our Handy Guide
How to Ensure Your Application Gets Accepted
sure you give your broker adequate inforamtion during the fact find as this is one of the main reasons for decline. Unrealistic Valuations are another reason lenders may not look favourably on an application and finally, be realistic about the timeframes involvedfor the length of the loan term
Mortgages – MAY Top 5 Buy To Let Mortgages
Longer Term Fixed Rates Rise in Popularity
Five-year fixed rate mortgages are rising in popularity, with 49 per cent of mortgage customers now opting for this term, Which can make sense given that rates are about as low as they can get, so it’s logical to lock them in for longer term stability.
Top Slicing: What is it and how can you utilise it?
Some mortgage lenders will now let you use personal or portfolio income to count towards the rental stress test on mortgage affordability. It’s known as “top-slicing”
Permitted Development Rights – New Changes in Place!
Permitted development rights – the ability to perform certain types of work on a property you own without the need to for planning permission – has now been made permanent.
Refurb To Term Loans: A new way to finance those refurbishment projects
Property News this Month
Some of the most valuable home improvements unveiled
The home improvement that adds the most value to a property is adding an en suite bathroom costing on average £2,000, yet increasing the value of a property by £5,000. Loft conversions and adding a garage add the most “pound notes” value
Tenant fee ban ‘clearly designed to shift the costs to landlords’
Fewer landlords are going to court to get possession but waiting longer, official figures show
It takes 17.3 weeks on average to repossess a property through the courts. The Housing Minister has pledged that fixing the court system goes “hand in glove” with the reforms to Section 21.
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