Ask an Expert – Page 3
Previous Questions
Are there lenders who will lend on BTL New Builds at 65% LTV?
Q: Hi, I’ve had an offer accepted on 2 penthouse apartments in Berkshire – both are £475,000, each with a rental estimate of £1850 pcm. I’m looking to borrow 65% on a buy to let but my broker can’t find anyone that will lend because they are both new build o
A: Yes, lenders have tightened up on criteria and also credit scoring as well, but there are still len…
Can I get a mortgage if I have lived out of the UK for many years?
Q: Can I get mortgage if out of UK for many years? 40% deposit, need 1.5m.
A: Yes, it is possible to obtain a mortgage for a UK property even if you have been out of the UK for …
Getting out of a fixed rate?
Q: Is there any solution to get out of the 2 year fixed rate that we have, and would it be wise as we would incur penalties to change?
A: There are actually two questions here. Firstly, is there any solution to get out of your fixed rate…
Are large loans still available?
Q: Hi – I’m looking for a loan of around £500,000 on a property of about £700,000 and from what I’ve read in the papers, it’s really difficult to find a mortgage of that size any more. Could you help me?
A: At that loan to value (LTV) ratio (about 71%) your choice will be limited, as the best deals are av…
