Bridging loans are used for many purposes, the loan is a short-term facility that is secured on property or land generally used to provide a temporary cash injection. This type of loan is useful for several reasons; however, we will focus on some of the…
You would need between a 25-35% deposit for a commercial mortgage. The deposit amount that you pay will depend on several factors, such as the type of property you intend to buy (office, shop, garage, etc). Also, what your risk level is to the lender,…
To answer this question, let’s first look at what a second-charge mortgage is? Basically speaking, it is an additional mortgage you take out on your property without having to re-mortgage your current mortgage. There are a variety of reasons why someone may take out a…
Often people are nervous about using a broker whilst looking to secure the best mortgage deal because they are put off by the worry of additional costs. Whilst using a broker can carry a fee and seem a slightly more expensive option in the short…
So firstly, what is a mortgage? A mortgage is a loan, secured on a property. It is a way to borrow money from a lender, with the money lent used to purchase a house, with a contractual promise for this to be paid back over…
There are three options available when selecting a mortgage product in the UK: Fixed Variable Tracker But what is the difference, and what does this mean? Fixed The first is Fixed Mortgages – and by “Fixed”, this means the rates are fixed and the price…
While starting a new business in the UK or needing funds for your existing ones, you may not consider using a commercial finance broker. But if you need easy solutions while you are busy with other things, commercial finance brokers can be your best option.…
For your commercial, business, or home purpose, you may need a mortgage to buy a property and there are plenty of mortgage options in the UK. This could be an easy way to get residential or commercial property finance in UK. To take out a…