A mortgage broker is an intermediary who helps borrowers find the best mortgage deals and terms that suit their needs. Mortgage brokers work with a variety of lenders to find the best mortgage products for their clients. Mortgage brokers have access to a wide range…
Vetted by a Commercial Broker Ensure you have your lending agreed in the background. If you buy at Auction you will need to lay down your deposit of 10% deposit (Traditional Auction) or reserve fee (5% Modern Auction), immediately, and the exchange of contracts (completion)…
Other than your own savings, or profit sitting in business accounts. The most popular option is to secure a loan from a lender. Ducks in a Row prior to Bidding Lenders for Auction Finance typically will not be inclined to offer loans for residential properties…
If you are reading this, then you are either thinking of getting into property development and want to find out more about how to secure finance to start your property development journey. Or you already have experience in property development and are now looking to…
We often have clients ask about buying at an Auction, and with that in mind, we have put together a mini guide. Firstly let’s start with differentiating between “Traditional Auction” and “Modern Auction”. Traditional Auction This is probably the most familiar type of Auction buyers…
There are important things to consider when you are a landlord of a mortgaged property that you intend to let out. Did you know that most lenders require you to have the appropriate insurance in place – and that some lenders even insist on certain…
This is referred to as porting your mortgage, which means that your current mortgage deal, including your payment plan, will be moved over to another property. Not all mortgages can be ported over, so it would be worth checking with your current lender to see…
If you are considering buying a property overseas, it would be important to understand the local rules of where you want to buy. Looking into things, like tax, any permits, registration, and ownership rights will be crucial. Research Spending time conducting research prior to buying…
What is Development Finance? Simply, it is a loan used for property development, such as building a property that will be rented out or sold when completed. The purpose of acquiring a development finance loan is typically for restoration, new builds, and a complete overhaul…
There are several forms of self-employment, some examples are Entrepreneurs who usually have many sources of income, like rental property, in addition to several businesses. Or, Contractors, that are employed on a project-by-project basis and could work across multiple contracts weekly. Also, Company Directors, receive…