Do Mortgage Brokers Get Better Rates?

Do Mortgage Brokers Get Better Rates?

No.  Mortgage brokers will have access to lenders from across the market, and be able to advise in different situations as well as being able to provide the buyer specific advice for their circumstances. Mortgage brokers act on your behalf and are the preferred choice…

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How do property developers raise finance?

How do property developers raise finance?

There are several options available to a property developer in terms of raising finance, below we list a few: Re-mortgaging – essentially this would mean re-mortgaging your property, in this instance, we will assume the property has substantial equity which can be re-mortgaged. This option…

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How is a bridging loan different to development finance?

How is a bridging loan different to development finance?

Bridging loans are generally suited to smaller development projects, in that they are leveraged against existing property. Whereas development finance is usually for large-scale projects where funds are released when various stages are completed. Renovation Bridging loans are also popular with property renovations, as they…

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What can you use a bridge loan for?

What can you use a bridge loan for?

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…

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Is a second-charge mortgage a good idea?

Is a second-charge mortgage a good idea?

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…

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