Last year the UK faced uncertainty due to the political chaos. Now we have a majority government in place could we be in for a smoother ride. We have now left the European union officially but as we are in the transition period for the next 12 months to negotiate our trade deal with the …
The Specialist Lending solution
Smart Money are a specialist master broker offering four key areas of specialist lending including Second Charge Mortgages, Buy-To-Let, specialist first charge and Bridging loans. Second Charge Mortgages According to the FLA demand for Second charge mortgages are strong and is now at a decade high. The versatility of second charge mortgages are being recognised …
Second Charge BTL mortgage
The Buy-To-Let market has suffered from major shake ups over the past few years from tax and regulatory changes. The market has seen an exodus of landlords due to these changes, however the market has seen a rebound. A Second Charge BTL mortgage maybe the answer for your client to update their BTL property. Market …
Tech companies are trying to fix the housing shortage they created
Companies need to consider how their growth will impact the wider community. The growth of tech companies such as Google and Facebook are driving up the cost of homes within their local area according to the independent. Google has come under fire for creating a housing shortage in Dublin and San Francisco. The big question …
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Buy-To-Let purchases up by 5.5%
There were 5,800 Buy-to-let home purchase mortgages completed in July 2019 which was up by 5.5% compared to the same time last year according to ‘UK Finance’. Since the BTL reforms the growth in popularity for Buy-to-let limited companies has surged. Portfolio landlords with more than 11 properties are much more likely to re-mortgage within …
Semi-Detached homes best performer since financial crash of 2008
The UK property market has gone through a rollercoaster of a ride over the past decade and house prices roared all the way until the Brexit vote back in 2016. Where will House Prices go next is a question often asked in this new protectionist era. The news has certainly not been slow for the …
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LTD Company structure proving popular for BTL Landlords
Buy to Let Mortgages are at a confusing stage after tax changes and lenders product criteria tighten up. BTL investors now need to evaluate the benefits of a Limited company offering, yields attached to HMOs and short term lets. According to the BTL mortgage index 59% of all buy-to-let mortgage lenders offered products to landlords …
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Good times ahead for Holiday let landlords and the Brexit saga continues
Last week the UK was basking in the glorious heatwave and has certainly been good news for many. UK holiday makers are steering clear of overseas travel due to a weak pound and Brexit travel uncertainties. Holiday Buy-to-let investors set to benefit from the current market conditions, as they are exempt from some recent tax …
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Distinct increase in London new home registrations
NHBC reported for the period between March and May 2019 7,000 new homes were built in London. This is an increase of 125 percent more than last year. The report also identifies across the UK 43,985 homes were registered compared to last year 39,059 were recorded. According to NHBC the main reason for the rise …
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89 % Of BTL Applications Lead to Offers
IMLA data identifies that brokers were able to translate over 89% of applications into offers, the highest percentage documented since 2016. Specialist mortgages improved with the increase in applications converting into an offer and those offers which led to completion were up at a three-year high. IMLA Mortgage Market Tracker reveals the number of accepted …
