What is a Concessionary Purchase? In a concessionary purchase, you buy a property below market value because someone ‘gifts’ you the difference. This gift, unlike a loan or shared ownership, reduces the purchase price for you. Here’s when concessionary purchases often happen: How Do Concessionary Purchase Mortgages Work? Let’s say your parents want to help […]
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How Concessionary Mortgages Can Save You Money: A Guide
Buy To Let Mortgage Deposit: What You Need To Know
How Much Deposit Do I Need For A Buy-To-Let Mortgage? You should expect to need a minimum deposit of 25%. Some lenders might let you pay only 20%, but they will ask you to meet stricter criteria. Deposits below 20% are quite unusual and have even tougher requirements. For the best mortgage deals, aim to […]
Should You Use A Loan For A House Deposit?
Can I Get a Loan for a House Deposit in the UK? Yes, getting a loan for a house deposit is possible, but it comes with big drawbacks. Most mortgage lenders do not look favourably on applications that include a borrowed deposit. This is mainly because it increases your debt-to-income ratio. What does this mean […]
How Much Mortgage Deposit Do I Need?
What Is A Mortgage Deposit? A mortgage deposit is the money you pay upfront when buying a home. This sum is part of your total purchase price and is not borrowed from your mortgage lender. The size of your deposit directly influences the cost of your monthly mortgage repayments, as it determines how much you […]
Family Springboard Mortgages Explained
What is a Family Deposit Mortgage? A family deposit mortgage (also called a family springboard or family assist mortgage) helps you buy a house with family support. Your family member contributes money to strengthen your application for the lender. This makes the loan less risky for the lender, which often translates to lower interest rates […]
Free Rental Yield Property Calculator
Is Your Rental Property Worth It? Before you dive into the full article, use the rental yield calculator to gauge your potential returns. It’s easy and convenient. With just a few clicks, you can quickly see a property’s earning potential. [Embedded Rental Yield Calculator] Feel free to run the numbers as often as you need. […]
