Some residential property does not qualify for a buy to let mortgage unless it is refurbished. A new type of loan is being trialled to make financing these properties easier.
Most residential mortgages require borrowers to submit at least three months’ worth of bank statements. Some lenders including Santander, Halifax and Virgin Money have told borrowers that they do not want to see bank statements. Instead, they are relying on a borrower’s credit score to assess affordability. They will still probably want proof of the...
There is plenty of demand for property in the UK, and the government wants new houses to be built to solve the housing shortage. Online retailers are looking for new warehouses for their expanding businesses, and
A major concern of businesses is low cash flow, and this is where the flexibility of bringing finance can really come into its own. If income goes down, there
Bridging loans are a flexible and quick way to raise short-term funds. They can be used for a number or purposes including breaking a house buying chain, completing property auction purposes, renovating the
If you own property that has a short time left on the lease, a bridging loan can be used to finance the lease extension.
Some properties are bought at auction for very low prices, often less than £50,000. The usual reason why property is sold cheap is because it is unmortgageable. Many people buy these properties for
Low cash flow is the situation where there is not enough money available for your business. There are several ways to deal with low cash flow, including bridging finance. No matter what
Up until recently the answer, to the question ‘Can you finance an existing bridging loan’ was ‘no’. However, some lenders are now prepared to offer loans to refinance a bridging loan. These are
People who are struggling to sell their home may be tempted to rent it out for a while. Many mortgages have conditions that disallow renting, which means that homeowners need to
