buy to let: investors guide

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "buy to let: investors guide"

Transcription

1 buy to let: investors guide As the rental market goes from strength to strength more people are looking to buy properties to rent out, and in most cases they will require a Buy-To-Let Mortgage. We have asked our mortgage team to put together a handy guide to help explain what to look out for with this specialist type of investment.

2 buy to let: investors guide Some people are looking for investment opportunities and some people are looking at alternatives to pensions to provide income into retirement but whatever the reason more and more people are turning to the UK housing market and buying a property to rent out. As with all investments there are always risks to consider so having an experienced adviser working on your behalf is key to minimizing these risks and maximizing the opportunities. Buy-to-let mortgages are treated differently to residential mortgages by both the FCA and mortgage lenders. With complex criteria it is very difficult to navigate the market without the right tools and experience and getting it wrong could be very expensive. Buy-To-Let is an easy concept to get to grips with, you own a property and you rent it out. But there are lots of factors to consider when weighing up if it is a good investment. deposit In most cases you are going to need to obtain a mortgage to buy the property you wish to let. Typically you will need at least 25% of the purchase price as a deposit, some lenders may allow smaller deposits but they become much more expensive in terms of interest rates. arrangement fee As with most residential mortgages BTL mortgages can come with arrangement fees and they can be quite high, sometimes even as high as 3.5% of the mortgage! These fees can be added to the mortgage but be aware you would be paying interest on this extra borrowing. property renovations Depending on the condition of the property you purchase you may need to take renovation costs into consideration. Bringing the décor up to date adds desirability to the property meaning you can demand a higher rent and also have shorter gaps between tenancies. property maintenance The cost of repairs and maintaining the property to the appropriate standard will be your responsibility and this should be kept in mind and you should always ensure that you have sufficient surplus funds to cover any occurrence. service charge & ground rent If your rental property is a flat or is leasehold there is likely to be a service charge and ground rent to pay. This is your responsibility to ensure it is paid, whether you charge the tenant for it or not. rental income This is the fun bit, your source of income will be via the monthly rent you charge. Before buying a property to let check with letting/estate agents what they believe the possible rent could be achieved.

3 what can a letting agent do for you? If this is your first rental property, you have a portfolio of properties or live a considerable distance to the property you may consider it a good idea to get in touch with reputable Letting Agents to get a feel for their services and check that the services of an agent is going to meet your needs. They generally charge around 10%-15% of the rental for their services and fixed upfront fees. They can check potential tenants backgrounds, run references, compile inventory reports, collect rent and deposits on your behalf, prepare tenancy agreements and support in the general management and maintenance of the property as well as giving you expert advice. assured shorthold tenancy agreement (ast) A tenancy agreement is simply a contract between you the landlord and tenants. An AST is the most common contract and lays out all the terms and conditions of your rental agreement with the tenant s. A letting agent will help you write out the AST and also though the contract negotiation process but if you are going to let your property out without the help of an agent you can get standardised ASTs from book and stationary stores and around the internet. This is a legally binding document so please do take care to make sure it is perfect. We would advise you to seek professional help with this as it s not worth the pain of getting it wrong. rental income calculations When applying for Buy-To-Let mortgage the lenders are more interested in the rental income the property will receive rather than your actual earned income. The general rule of thumb to work from is your rental needs to be 125% of your mortgage payment for example: Mortgage Payment = 500 then the rental income will need to be 625. Each lender has their own criteria but this is a good guide to work from. Please Note Even though your personal income isn t the lenders main concern many do have a minimum earned income policy which is generally a salary of 20,000 to 25,000.

4 let-to-buy Let-to-buy is becoming ever more popular and accessible. This is where you currently own a property and rather than selling it to raise funds to buy the next one you rent out your current property and buy a new one. This is generally done in 2 transactions but both at the same time; You remortgage your current residential property onto a buy-to-let mortgage. If you need to raise additional funds for a deposit on your new property here is the place to do it. You purchase a new residential property as you normally would. Not all lenders allow this process to take place but your mortgage adviser will help weed out those who won t and advise you on the best way to do this. landlords insurance Unfortunately the world isn t quite perfect and things can go wrong. Landlords insurance is a great way to protect yourself from any surprises. You may have seen on TV or heard horror stories of disgruntled tenant s wrecking properties and refusing to move out, this is an unfortunate possible reality. Landlords insurance is there to pick up the legal bill and the cost to put the property back in a good state of repair should the worst happen. Each insurance policy is different so take care to ensure the circumstances mentioned are covered. Also in tougher times there may be gaps between tenants which means you now have a second mortgage to pay, we would always recommend you have a personal savings pot to protect yourself from this but Landlords insurance can also help with this burden. consent to let If you currently own a property with a mortgage on a residential basis and you no longer wish to live there but plan on moving out and renting it you have to obtain Consent to let from your mortgage provider. Most lenders will allow this to take place but not all so it is worth checking with them first. It is very likely that if they do accept a consent to let to take place they will amend your interest rate so you could end up paying a little more than you are now. tax liabilities There are only to things you can guarantee in life death and tax! When you take on the investment of a buy-to-let property there are tax implications which you will need to manage, most notably Income Tax and Capital Gains Tax, it is best to discuss these in detail with an Accountant.

5 Fordyce & Playle Etico House Highgate Works Highgate Green Forest Row East Sussex RH18 5AT phone: fax: Fordyce & Playle Limited (company number: ) Independent Financial Advisers authorised and regulated by The Financial Conduct Authority and are entered on the FCA register ( under reference number: Your home may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it. This guide does not constitue as advice and just to be used as reference point, please contact your adviser for more detailed information. This guide is for the use of residents of the United Kingdom. No representations are made as to whether the information is applicable or available in any other country which may have access to it. Information is correct as of December 2014.

guide: remortgage We have asked our mortgage team to put together a handy guide to help explain what to look out for when remortgaging.

guide: remortgage We have asked our mortgage team to put together a handy guide to help explain what to look out for when remortgaging. guide: remortgage Looking for a more competitive rate on your current mortgage or looking to raise funds for debt consolidation or home improvements, the first port of call for many is to apply for a remortgage.

More information

Your step by step buy-to-let guide

Your step by step buy-to-let guide Your step by step buy-to-let guide by The Frost Partnership First time buy-to-let? Need help choosing a property? Financing your property Legal advice Considering the costs Will I make any money? Choosing

More information

Mortgages. Becoming a Landlord. Things to consider before becoming a Buy to Let Landlord. Local knowledge. Mutual understanding.

Mortgages. Becoming a Landlord. Things to consider before becoming a Buy to Let Landlord. Local knowledge. Mutual understanding. BTL Guide:Layout 1 21/09/2015 16:32 Page 1 Mortgages Becoming a Landlord Things to consider before becoming a Buy to Let Landlord. Local knowledge. Mutual understanding. Finding a property If you are looking

More information

A Guide to Buy to Let

A Guide to Buy to Let A Guide to Buy to Let Get in to Buy to Let Buying property to let as a long-term investment or to generate a regular income has become an increasingly popular option over recent years, and the demand from

More information

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Buy to Let investors guide

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Buy to Let investors guide YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE Buy to Let investors guide On your side in Buy to Let Buying property to let as a long-term investment or to generate

More information

Buy to Let investors guide

Buy to Let investors guide Buy to Let investors guide YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE On your side in Buy to Let Buying property to let as a long-term investment or to generate

More information

11 Windsor End Beaconsfield Bucks HP9 2JJ Tel: 0845 222 11 77 Email:customer@whiteoakfinance.com

11 Windsor End Beaconsfield Bucks HP9 2JJ Tel: 0845 222 11 77 Email:customer@whiteoakfinance.com Buy to Let Investors Guide 11 Windsor End Beaconsfield Bucks HP9 2JJ Tel: 0845 222 11 77 Email:customer@whiteoakfinance.com On your side in Buy to Let Buying property to let as a long term investment or

More information

Landlords; know your rights

Landlords; know your rights Landlords Guide 1 Landlords; know your rights From property repairs to securing a tenancy deposit, landlords have a number of responsibilities. However, renting out a property is a two-way street, and

More information

What is buy-to-let? Buy-to-let refers to the purchase of a property specifically with the intention of renting it out.

What is buy-to-let? Buy-to-let refers to the purchase of a property specifically with the intention of renting it out. Buy-to-let Guide Buy-to-let Guide What is buy-to-let? Buy-to-let refers to the purchase of a property specifically with the intention of renting it out. This guide will provide an introduction to the buy-to-let

More information

Buy-to-let refers to the purchase of a property specifically with the intention of renting it out.

Buy-to-let refers to the purchase of a property specifically with the intention of renting it out. Buy-to-let Guide What is buy-to-let? Buy-to-let refers to the purchase of a property specifically with the intention of renting it out. This guide will provide you with an introduction to the buy-to-let

More information

A guide to mortgages

A guide to mortgages A guide to mortgages Contents An Introduction to mortgages 3 What is a mortgage? 4 Choosing a mortgage - where to start 5 What to consider before getting a mortgage? 6 Mortgage and repayment types 8 Interest

More information

Orchards www.orchardsuk.com 01525 40 22 66

Orchards www.orchardsuk.com 01525 40 22 66 Buy to Let guide. Orchards www.orchardsuk.com 01525 40 22 66 Your guide to buy to let This residential buy to let overview is brought to you by Orchards. One of Bedfordshires most experienced lettings

More information

Lettings & Portfolio Management. London l Surrey l Hampshire

Lettings & Portfolio Management. London l Surrey l Hampshire Lettings & Portfolio Management London l Surrey l Hampshire Whether you are thinking about purchasing your first buy-to-let property and don t know where to start; we can help you plan, purchase and manage

More information

Buy-to-Let Investor Guide

Buy-to-Let Investor Guide Buy-to-Let Investor Guide residential letting www.linleyandsimpson.co.uk Buy-to-let is a British phrase referring to the purchase of a property specifically to let out. A Buy-to-Let mortgage is a mortgage

More information

IMAGE. Buy to Let Guide. What to consider before turning your pension into a buy-to-let investment

IMAGE. Buy to Let Guide. What to consider before turning your pension into a buy-to-let investment IMAGE Buy to Let Guide What to consider before turning your pension into a buy-to-let investment Withdrawing money from pension pots to fund a buy-to-let investment could potentially become a more popular

More information

Choosing & financing your buy-to-let property

Choosing & financing your buy-to-let property Buy-to-let Guide Premier Property Lawyers is regulated by the Council for Licensed Conveyancers. Premier Property Lawyers Ltd is registered in England and Wales. Registered No: 04323405. A list of the

More information

Buy-to-let guide about tax

Buy-to-let guide about tax Perrys Chartered Accountants Buy-to-let guide about tax Introduction As a buy-to-let landlord it is important you know about tax and how it affects you and your investment. This is why Perrys Chartered

More information

In simple terms your return on investment of renting out a property is affected by two main things: rental income and your expenses.

In simple terms your return on investment of renting out a property is affected by two main things: rental income and your expenses. Copyright 2015 Letcom property agents 2015 Table of Contents 1 Introduction...2 2 Return on Your Investment...2 2.1 Rental Income...2 2.2 Expenses...3 3 Agreements and Legal Requirements...3 3.1 Agency

More information

PROBLEM SOLVING. 1. I m thinking of buying to let - where do I start?

PROBLEM SOLVING. 1. I m thinking of buying to let - where do I start? Top Buy to Let FAQs 1. I m thinking of buying to let - where do I start? If you re not sure whether buy to let is right for you or want to make sure you buy a property that ll give you the returns you

More information

Switching your mortgage deal

Switching your mortgage deal Switching guide 1 Switching your mortgage deal We re with you every step of the way Switching guide 2 Why switch? If you re thinking about switching your mortgage, you might not have to shop around. You

More information

Government mortgage rescue scheme What will it mean for me and my family?

Government mortgage rescue scheme What will it mean for me and my family? Government mortgage rescue scheme What will it mean for me and my family? What is mortgage rescue? Mortgage rescue is help that the Government is offering if: you are struggling to keep up with your mortgage

More information

Top 10 Tips. First-time Landlords: How to make that first step onto the ladder. jelfsmallbusiness.co.uk 01905 888397

Top 10 Tips. First-time Landlords: How to make that first step onto the ladder. jelfsmallbusiness.co.uk 01905 888397 Top 10 Tips First-time Landlords: How to make that first step onto the ladder jelfsmallbusiness.co.uk 01905 888397 Some people grow up with a burning desire to have their own property empire. Others let

More information

Additional borrowing guide 1. Additional borrowing. We re with you every step of the way

Additional borrowing guide 1. Additional borrowing. We re with you every step of the way Additional borrowing guide 1 Additional borrowing We re with you every step of the way Additional borrowing guide 2 What is additional borrowing? Sometimes you may be able to borrow extra money from your

More information

Your Right. to Buy. A guide for Scottish Secure Tenants

Your Right. to Buy. A guide for Scottish Secure Tenants Your Right to Buy Your Home A guide for Scottish Secure Tenants Your Right to Buy Your Home About this booklet This booklet is for Scottish secure tenants. If you are not a Scottish secure tenant, you

More information

Business plan template for your buy to let property(ies)

Business plan template for your buy to let property(ies) Business plan template for your buy to let property(ies) Whether you own one property or a hundred, a business plan will help you manage the risks and rewards of your buy to let investment. If you re able

More information

This guide is aimed to help you consider the right choices before adding new or further buy to let property to your investment portfolio.

This guide is aimed to help you consider the right choices before adding new or further buy to let property to your investment portfolio. Buy to Let Guide It has now become common for a buy to let property to form part of an individual s investment portfolio. Property has always been easy to understand in that it is tangible and therefore

More information

CML guidance for lenders the role of LPA receivers

CML guidance for lenders the role of LPA receivers CML guidance for lenders the role of LPA receivers Introduction This guidance has been produced for CML members and outlines the basic circumstances and considerations of appointing a Law of Property Act

More information

Buy to Let Lending Criteria. 16th October 2015 10.15/DW/65626/JAV

Buy to Let Lending Criteria. 16th October 2015 10.15/DW/65626/JAV Buy to Let Lending Criteria 16th October 2015 10.15/DW/65626/JAV ...about the loan Legal Charge Loan Purpose Repayment Methods Mortgage Term Loan Size Loan-to-Value Monthly Repayment Deposits Offer Validity

More information

Your Right. to Buy Your Home. A guide for Scottish Secure Tenants

Your Right. to Buy Your Home. A guide for Scottish Secure Tenants Your Right to Buy Your Home A guide for Scottish Secure Tenants Your Right to Buy Your Home About this booklet This booklet is for Scottish secure tenants. If you are not a Scottish secure tenant, you

More information

The Government s tax changes for buy-to-let landlords could significantly eat into profits and potentially wipe them out completely.

The Government s tax changes for buy-to-let landlords could significantly eat into profits and potentially wipe them out completely. Buy-to-Let and Tax Implications The Government s tax changes for buy-to-let landlords could significantly eat into profits and potentially wipe them out completely. Chancellor George Osborne has announced

More information

right up your street.

right up your street. buy to let landlords guide right up your street. More and more people are renting. As a landlord you ve got enough to think about, without worrying if you ve made the right financial choices. Our advisers

More information

Remortgaging guide 1. Remortgaging guide. We re with you every step of the way

Remortgaging guide 1. Remortgaging guide. We re with you every step of the way Remortgaging guide 1 Remortgaging guide We re with you every step of the way Remortgaging guide 2 With so many different mortgages out there to choose from, deciding which one is best for you can be a

More information

Application form Residential Mortgage

Application form Residential Mortgage Application form Residential Mortgage Intermediary details This section requires details of any Broker, Packager, Sub broker, or Network who has an interest in this application. THIS PAGE MUST BE COMPLETED

More information

IT S A GREAT TIME TO INVEST WITH BARRATT HOMES

IT S A GREAT TIME TO INVEST WITH BARRATT HOMES IT S A GREAT TIME TO INVEST WITH BARRATT HOMES A HANDY GUIDE FOR INVESTORS To book an appointment with a Sales Adviser call 0844 55 66 166 NOW S THE TIME TO BUY AN INVESTMENT PROPERTY More and more people

More information

RIGHT TO ACQUIRE PROCEDURES

RIGHT TO ACQUIRE PROCEDURES RIGHT TO ACQUIRE PROCEDURES The Right to Acquire was introduced by the 1996 Housing Act and is effectively the right to buy as a condition of Social Housing Grant funding. The Right to Buy rules apply

More information

WHAT IS EQUITY RELEASE? WHY CONSIDER EQUITY RELEASE?

WHAT IS EQUITY RELEASE? WHY CONSIDER EQUITY RELEASE? WHAT IS EQUITY RELEASE? Equity Release can free some of the capital tied up in your home, while you continue to live there. This money can be in the form of a tax-free lump sum, a regular income or a combination

More information

Mortgage Lending Criteria

Mortgage Lending Criteria Mortgage Lending Criteria Please refer to this document to ensure that your applicants, and the property they d like a mortgage on, meet our requirements. Standard Age: Minimum: 18 Term: Maximum: 35 years

More information

LANDLORDS LETTINGS CHECKLIST FOR. Top 5 Questions NEW. Landlords need to answer. 1 Have I achieved the best rent for my property?

LANDLORDS LETTINGS CHECKLIST FOR. Top 5 Questions NEW. Landlords need to answer. 1 Have I achieved the best rent for my property? LETTINGS CHECKLIST FOR NEW LANDLORDS Top 5 Questions Landlords need to answer 1 Have I achieved the best rent for my property? 2 Should my rental income cover the mortgage? 3 Have I secured the correct

More information

Problems paying your mortgage

Problems paying your mortgage Problems paying your mortgage What you need to do now and how to get back on track Steps to take now What your options are Get free impartial advice The Money Advice Service is independent and set up by

More information

RIGHTMOVE S GUIDE TO. Letting. Why more people are renting. Understanding your responsibilities as a landlord. What to look for. Of rental properties

RIGHTMOVE S GUIDE TO. Letting. Why more people are renting. Understanding your responsibilities as a landlord. What to look for. Of rental properties RIGHTMOVE S GUIDE TO Letting A growing market Why more people are renting The legal element Understanding your responsibilities as a landlord Finding a tenant What to look for Understanding taxation Of

More information

CONSENT TO LET APPLICATION FORM

CONSENT TO LET APPLICATION FORM CONSENT TO LET APPLICATION FORM To allow us to consider your request please send us the fully completed consent to let application form. IMPORTANT INFORMATION If consent is granted you will be charged

More information

The Mortgage Guide. Helping you find the right mortgage for you. Brought to you by. V0050713a

The Mortgage Guide. Helping you find the right mortgage for you. Brought to you by. V0050713a The Mortgage Guide Helping you find the right mortgage for you Brought to you by Hello. Contents We re the Which? Mortgage Advisers team. Buying a house is the biggest financial commitment most of us ever

More information

largeequityrelease.com EQUITY RELEASE GUIDE Speak to one of our specialists today on 020 3824 0904

largeequityrelease.com EQUITY RELEASE GUIDE Speak to one of our specialists today on 020 3824 0904 largeequityrelease.com EQUITY RELEASE GUIDE Speak to one of our specialists today on 020 3824 0904 CONTENTS What is equity release?... 3 How much money could I raise through an equity release?... 4 What

More information

Application Form (Limited Company)

Application Form (Limited Company) Application Form (Limited Company) Please tick which area(s) are required Limited Company/ LLP Commercial Specialist BTL Bridging/Short Term Finance Development Finance Telephone: 01273 495420 Email: info@best4bridging.co.uk

More information

Buy to Let Residential Properties

Buy to Let Residential Properties Buy to Let Residential Properties AWARDS 2015 Best Regional Building Society AWARD WINNERS for providing consistently competitive mortgages Be more than a number Buy to Let from the Cumberland we are here

More information

How commercial products can help residential landlords. Speaker: David Weeds

How commercial products can help residential landlords. Speaker: David Weeds How commercial products can help residential landlords Speaker: David Weeds The marketplace Commercial market Continued economic recovery Improved business confidence Increased demand for commercial property

More information

Lettings. Your Residential Lettings Guide. allan-morris.co.uk

Lettings. Your Residential Lettings Guide. allan-morris.co.uk Lettings Your Residential Lettings Guide allan-morris.co.uk Welcome to Allan Morris Residential Lettings Letting property is a serious business, whether you are an experienced investor, a landlord or a

More information

Your Guide to Starting and Building a Residential Property Portfolio

Your Guide to Starting and Building a Residential Property Portfolio Your Guide to Starting and Building a Residential Property Portfolio Kirwans is regulated by the Solicitors Regulation Authority No: 71723. VAT No: 595 5994 62 Kirwans is one of the North West s most forward

More information

Deferred Payment Agreement Scheme

Deferred Payment Agreement Scheme Adult Social Care and Health Deferred Payment Agreement Scheme Information about the Council s Deferred Payment Agreement Scheme an option to help you manage care home costs if you own your property www.reading.gov.uk/carecharges

More information

Debt Options Information guide

Debt Options Information guide Debt Options Information guide Debt & Money Advice Support CIC (DMAS CIC) is authorised and regulated by the Financial Conduct Authority FRN: 631799. A company registered in England & Wales 9203918. 1

More information

The genuinely helpful lettings agent.

The genuinely helpful lettings agent. The genuinely helpful lettings agent. YOUR MOVE A lettings service to suit you. There are lots of reasons to let a property. It may be an investment or a source of income. Perhaps you ve inherited a property,

More information

New Business Application Form

New Business Application Form The Specialist Whole of Market Commercial & Business Finance Broker New Business Application Form National Association of Commercial Finance Brokers Association of Bridging Proffessionals 1 Arlington Court,

More information

Introducing CrowdLords for LandLords. Crowdfunding for the Buy-to-let market - directly connecting LandLords and Investors

Introducing CrowdLords for LandLords. Crowdfunding for the Buy-to-let market - directly connecting LandLords and Investors Introducing CrowdLords for LandLords Crowdfunding for the Buy-to-let market - directly connecting LandLords and Investors What is Crowdfunding? Crowdfunding is the concept of using a combination of several

More information

Tariff of Mortgage Charges

Tariff of Mortgage Charges Tariff of Mortgage Charges Bradford & Bingley and Mortgage Express are closely involved in the mortgage industry s initiative with the Council of Mortgage Lenders and Which? to make our fees and charges

More information

Your home. all together better

Your home. all together better Your home all together better The National Adult Literacy Agency (NALA) has approved the clarity of this brochure. The EBS mutual difference EBS Building Society was founded in 1935 by a small group of

More information

Property Investment Buy-to-let Tax Advice

Property Investment Buy-to-let Tax Advice Property Investment Buy-to-let Tax Advice Investing in bricks and mortar Introduction In recent years, the stock market has had its ups and downs. Add to this the constant change in pension rules, and

More information

Want. to make. your. home. your. own? Find out if this could be the right time to consider buying. Your Right to Buy

Want. to make. your. home. your. own? Find out if this could be the right time to consider buying. Your Right to Buy Council or Housing Association tenants Want Your Right to Buy to make your home your own? Find out if this could be the right time to consider buying 1 Contents Why you might like to buy Why you might

More information

Application form Residential and buy-to-let secured loans

Application form Residential and buy-to-let secured loans Together is a trading style of Blemain Finance Limited Application form Residential and buy-to-let secured loans Section 1: Loan details Loan Details Repayment type: (capital & Interest or interest only)

More information

THE ARLA REVIEW & INDEX

THE ARLA REVIEW & INDEX THE ARLA REVIEW & INDEX for Residential Investment FOURTH Quarter 2014 Fourth Quarter 2014 Compared with three months ago, the average weighted rental return for houses is up from 5.0% to 5.1%, its second

More information

Mortgage Term Glossary

Mortgage Term Glossary Mortgage Term Glossary Advance - The mortgage Loan. Adverse Credit - This is the term used if the borrower has suffered a poor credit history. This could include previous mortgage or loan arrears, CCJ's

More information

Let s work together. Intermediary product guide.

Let s work together. Intermediary product guide. Let s work together Intermediary product guide. Launched in 2009, Aldermore champions Britain s businesses. We offer straightforward banking products and services to small and medium-sized businesses and

More information

Please refer to this document to ensure that your applicants, and the property they d like a mortgage on, meet our requirements.

Please refer to this document to ensure that your applicants, and the property they d like a mortgage on, meet our requirements. Please refer to this document to ensure that your applicants, and the property they d like a mortgage on, meet our requirements. Standard Age: Minimum: 18 Term: Maximum: 35 years or the number of years

More information

In Debt? Dealing with your creditors Call: 0800 157 7330 or 01257 251319 www.debtproblemsuk.com

In Debt? Dealing with your creditors Call: 0800 157 7330 or 01257 251319 www.debtproblemsuk.com Debtfocus Business Recovery & Insolvency Ltd In Debt? Dealing with your creditors Call: 0800 157 7330 or 01257 251319 www.debtproblemsuk.com Content highlights Before you read this guide in detail, you

More information

Countrywide Conveyancing Services. Purchase handbook. Your purchase questions answered. www.cwpl.com

Countrywide Conveyancing Services. Purchase handbook. Your purchase questions answered. www.cwpl.com Countrywide Conveyancing Services Purchase handbook Your purchase questions answered www.cwpl.com Purchase handbook Your purchase questions answered General information to which we will draw your attention

More information

BUY TO LET MORTGAGE FEE TARIFF

BUY TO LET MORTGAGE FEE TARIFF Axis Bank UK Limited BTL Mortgage Fee Tariff UK LTD. BUY TO LET MORTGAGE FEE TARIFF Effective from: 31 st March 2015 Issue Date: 31 st March 2015 Overview This document should be reviewed by anyone considering

More information

FOUNDATION HOME LOANS

FOUNDATION HOME LOANS 0344 770 8032 fhl@foundationhomeloans.co.uk www.foundationhomeloans.co.uk FOUNDATION Decision in Principle Form Page 1 of 8 Customer facing intermediary details Full name Last name Panel number (If known)

More information

www.westsussex.gov.uk/social-care-and-health Deferred payments What do I need to know?

www.westsussex.gov.uk/social-care-and-health Deferred payments What do I need to know? www.westsussex.gov.uk/social-care-and-health Deferred payments What do I need to know? www.westsussex.gov.uk/social-care-and-health What is a deferred payment agreement? A deferred payment agreement is

More information

Landlords Legal Solutions

Landlords Legal Solutions Landlords Legal Solutions Page 1 Why you need Landlords Legal Solutions As a landlord you hope to have a harmonious and trouble free relationship with your tenant, but what if something goes wrong? Unfortunately,

More information

Solicitors for property advice

Solicitors for property advice Solicitors for property advice As specialists in property law, Millbank Solicitors provide expert legal advice whether you are buying or selling your property, remortgaging or involved in a property dispute.

More information

new-build homebuy South Staffordshire Housing Association

new-build homebuy South Staffordshire Housing Association new-build homebuy South Staffordshire Housing Association What is new build HomeBuy? New build HomeBuy, also widely known as shared ownership, is a government-funded scheme to help first-time buyers buy

More information

APPLICATION SUMMARY DATA CAPTURE ONLY

APPLICATION SUMMARY DATA CAPTURE ONLY APPLICATION SUMMARY DATA CAPTURE ONLY Applicant Name: Section 1 - Intermediary Details Broker First Name Broker Surname FCA Number Telephone Number Level of Advice Packaged Application Packager Name Packager

More information

Mortgage Account Charges. The charges you may need to pay in connection with your mortgage

Mortgage Account Charges. The charges you may need to pay in connection with your mortgage Mortgage Account Charges The charges you may need to pay in connection with your mortgage Tariff of Mortgage Charges RBS is closely involved in the mortgage industry s initiative with the Council of Mortgage

More information

*Correct at 10 February 2015 YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

*Correct at 10 February 2015 YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Financial Viewpoint Issue Spring 205 Downton and Ali Associates Your latest newsletter from Downton & Ali Associates Low rates, why wait? Get the right advice While banks and building societies are competing

More information

Guide to buying or renting a property in the UK

Guide to buying or renting a property in the UK Guide to buying or renting a property in the UK Developed for NatWest Global Employee Banking in association with Ten When you make the move overseas, it is vital that you feel settled as soon as possible

More information

GUIDE TO DEALING WITH DEBT

GUIDE TO DEALING WITH DEBT GUIDE TO DEALING WITH DEBT CONTENTS Page 4 Where do I start? Page 5 Do I have to pay? What can I afford to pay? Page 7 Who to pay first? Page 10 What can I afford to pay on my Credit Debts? Page 12 What

More information

Free Landlord Information and Landlord Help

Free Landlord Information and Landlord Help Search Landlord Forms Property Landlord Landlord Law Landlord Software Home Buying Rental Property Free Landlord Information and Landlord Help Like 73 1 Financing Properties First Time Landlord Tenant

More information

A brief guide to buying a residential property at auction Stephen Firmin

A brief guide to buying a residential property at auction Stephen Firmin SOLICITORS for IndIvIduaLS and business tsplegal.com A brief guide to buying a residential property at auction Stephen Firmin Colchester T 01206 574431 Stable 6 Stable Road Colchester Essex CO2 7GL info@tsplegal.com

More information

Fairness is one of our key values. We have a code of fairness that you will be provided with when you apply for a mortgage with us.

Fairness is one of our key values. We have a code of fairness that you will be provided with when you apply for a mortgage with us. Mortgages Explained This leaflet answers some of the more common questions that you may have about how your mortgage works and the relationship between the Society and its borrowers. Please read it carefully.

More information

Mortgage Advisers. The Mortgage Guide Helping you find the right mortgage for you

Mortgage Advisers. The Mortgage Guide Helping you find the right mortgage for you Mortgage Advisers The Mortgage Guide Helping you find the right mortgage for you Hello. We re the Which? Mortgage Advisers team. Buying a house is the biggest financial commitment most of us ever make.

More information

Your guide to Help to Buy

Your guide to Help to Buy Your guide to Help to Buy Help to Buy Agent for the East and South East What is Help to Buy? If you want to purchase a home of your own, but can t afford to buy on the open market. Help to Buy could be

More information

7 Reasons Why Property

7 Reasons Why Property 7 Reasons Why Property Investment can t be ignored. Know your options before it s too late. What is in this report? This report is a must read for anyone looking to improve their lifestyle and enjoy greater

More information

Landlord s guide to property letting

Landlord s guide to property letting Landlord s guide to property letting The lettings process, 2 Valuation appraisal, 2 Types of tenants required, 2 Furnished or unfurnished lettings, 2 Types of letting service, 2 1. Tenant Find only, 2

More information

Mortgage Fact Find. This Fact Find is for use when offering Mortgage Products. It does not cover Regulated Investment Products.

Mortgage Fact Find. This Fact Find is for use when offering Mortgage Products. It does not cover Regulated Investment Products. Adviser / Consultant Name Client Reference of Fact Find Applicant Details Joint Application Title Male Female Male Female Surname First Name(s) Previous Name(s) Nationality of Birth (dd/mm/yyyy) Marital

More information

ADVICE NOTE BUYING AND SELLING YOUR FLAT. A summary of the typical events when buying and selling a leasehold flat

ADVICE NOTE BUYING AND SELLING YOUR FLAT. A summary of the typical events when buying and selling a leasehold flat ADVICE NOTE BUYING AND SELLING YOUR FLAT A summary of the typical events when buying and selling a leasehold flat 2 CONTENTS Note: As the leading trade body for residential leasehold management, ARMA is

More information

Lending Criteria. Standard Residential Read in conjunction with General Criteria

Lending Criteria. Standard Residential Read in conjunction with General Criteria This list is not exhaustive. Please contact us to discuss your requirements Standard Residential Term: Maximum: 35 years or the number of years it will take (the eldest) applicant to reach 70 (whichever

More information

Taylor William Letting and Estate Agents

Taylor William Letting and Estate Agents Taylor William Letting and Estate Agents Landlords Information Pack 108a Main Street Larbert FK5 3AS 1 Albert Place Main Street Maddiston, FK2 0JX Tel: 01324 559246 Tel: 01324 719989 Email: info@taylorwilliam.co.uk

More information

BUYING UK PROPERTY A brief guide to buying property in the UK

BUYING UK PROPERTY A brief guide to buying property in the UK BUYING UK PROPERTY A brief guide to buying property in the UK This publication is not meant as a substitute for advice on particular issues and action should not be taken on the basis of the information

More information

National Counties Building Society. A guide to our Buy to Let Mortgage lending criteria

National Counties Building Society. A guide to our Buy to Let Mortgage lending criteria National Counties Building Society A guide to our Buy to Let Mortgage lending criteria Issued: 01 July 2016 A guide to our Buy to Let Mortgage lending criteria Introduction This document outlines a summary

More information

Borrowing to Buy Property in your Self Managed Super Fund

Borrowing to Buy Property in your Self Managed Super Fund Level 7,34 Charles St Parramatta answ 2150 PO Box 103 Parramatta NSW 2124 Phone: 02 9687 1966 Fax: 02 9635 3564 Web: www.carnegie.com.au Guide Build Protect Manage Wealth Borrowing to Buy Property in your

More information

A LANDLORD GUIDE TO THE LETTING & MANAGEMENT SERVICE

A LANDLORD GUIDE TO THE LETTING & MANAGEMENT SERVICE 28 Bondgate Otley LS21 1AD 01943-467000 www.parkes-let.co.uk A LANDLORD GUIDE TO THE LETTING & MANAGEMENT SERVICE Deciding which Agent to instruct to let your property can for some Landlords, be a very

More information

WHAT S INSIDE. Financial Planning. Starting out. Young families. Established families. Empty nesters. Retirement Getting the best advice

WHAT S INSIDE. Financial Planning. Starting out. Young families. Established families. Empty nesters. Retirement Getting the best advice FINANCIAL PLANNING If you re looking for advice on financial planning, this guide explains some of the things you may need to consider. We hope you find this guide and the important pointers to each life

More information

BUY TO LET MORTGAGE APPLICATION FORM MORTGAGE INTRODUCER USE ONLY

BUY TO LET MORTGAGE APPLICATION FORM MORTGAGE INTRODUCER USE ONLY BUY TO LET MORTGAGE APPLICATION FORM MORTGAGE INTRODUCER USE ONLY Please complete this form in full using block capitals and black ink. Failure to do so will delay the application. Where possible, all

More information

Landlord Guide. Mundys Residential Lettings BEST LETTINGS AGENCY; LINCOLNSHIRE, UK * 2011-2012 - 2013

Landlord Guide. Mundys Residential Lettings BEST LETTINGS AGENCY; LINCOLNSHIRE, UK * 2011-2012 - 2013 Landlord Guide Mundys Residential Lettings BEST LETTINGS AGENCY; LINCOLNSHIRE, UK * 2011-2012 - 2013 *5 Star awards as voted 2011, 2012 & 2013 International Property Awards. Welcome to our Award Winning

More information

Consultation Paper CP11/16 Underwriting standards for buy-tolet mortgage contracts

Consultation Paper CP11/16 Underwriting standards for buy-tolet mortgage contracts Consultation Paper CP11/16 Underwriting standards for buy-tolet mortgage contracts March 2016 Prudential Regulation Authority 20 Moorgate London EC2R 6DA Prudential Regulation Authority, registered office:

More information

Dealing with a drop in income

Dealing with a drop in income Dealing with a drop in income 2 Royal College of Nursing Dealing with a drop in income 3 When you are faced with a change of circumstances, such as a reduction in your working hours, ill health, loss of

More information

Where to find REAL Below market value deals

Where to find REAL Below market value deals Where to find REAL Below market value deals Kate Faulkner Managing Director of Designs on Property Author of Which? Renting and Letting and Property Investment Handbook Copyright of Designs on Property

More information

CAVENDISH EQUITY RELEASE. The Essential Guide. Equity Release TRUSTED & IMPARTIAL ADVICE SINCE 1985

CAVENDISH EQUITY RELEASE. The Essential Guide. Equity Release TRUSTED & IMPARTIAL ADVICE SINCE 1985 CAVENDISH Equity Release TRUSTED & IMPARTIAL ADVICE SINCE 1985 EQUITY RELEASE The Essential Guide INDEX Welcome to Cavendish Equity Release 3 How can Equity Release be used? 4 Why is specialist advice

More information

DISCOVER HOW TO CREATE CASH FLOW THROUGHT PROPERTY

DISCOVER HOW TO CREATE CASH FLOW THROUGHT PROPERTY DISCOVER HOW TO CREATE CASH FLOW THROUGHT PROPERTY 5 Secret Strategies Revealed! [This FREE report reveals 5 secrets strategies to creating monthly cash flow through property starting from zero thanks

More information

Why Life Insurance for Landlords (and all other mortgage borrowers) is crucial

Why Life Insurance for Landlords (and all other mortgage borrowers) is crucial Why Life Insurance for Landlords (and all other mortgage borrowers) is crucial DO YOU OWN A PROPERTY IN YOUR SOLE NAME ONLY? DO YOU OWN PROPERTIES IN JOINT NAMES WITH ONE OR MORE OTHER PEOPLE? IF YES,

More information

Your guide to Help to Buy www.helptobuyese.org.uk

Your guide to Help to Buy www.helptobuyese.org.uk Help to Buy East and South East Your guide to Help to Buy Apply online at What is Help to Buy? If you want to purchase a home of your own, but can t afford to buy on the open market. Help to Buy could

More information