Finance & Investment Questions

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Sticky: Mortgage News by loanarranger Started by loanarranger, 23-12-2015, 19:43 PM	312 responses 22,363 views 0 likes	Last Post by loanarranger 09-11-2019, 08:48 AM
Risk of bridge lender pulling out after exchange by propertyboy Started by propertyboy, 22-02-2020, 23:04 PM	0 responses 11 views 0 likes	Last Post by propertyboy 22-02-2020, 23:04 PM
Mortgage query for house purchase that isn't yet an HMO?! by Clulass Started by Clulass, 14-02-2020, 22:10 PM	7 responses 55 views 0 likes	Last Post by bob369 22-02-2020, 12:32 PM
Transfer of equity by jackboy Started by jackboy, 19-02-2020, 12:57 PM	8 responses 50 views 0 likes	Last Post by loanarranger 21-02-2020, 18:19 PM
Ltd Company BTL Mortgage Rates vs, Personal BTL Mortgage Rates by Jammy99 Started by Jammy99, 16-02-2020, 19:19 PM	14 responses 109 views 0 likes	Last Post by jpkeates 21-02-2020, 16:14 PM
Understanding compensation due from a developer by utolti Started by utolti, 16-02-2020, 21:37 PM	0 responses 21 views 0 likes	Last Post by utolti 16-02-2020, 21:37 PM
How do you assess BTL opportunities? by Dan I Started by Dan I, 16-02-2020, 15:30 PM	2 responses 50 views 0 likes	Last Post by jpkeates 16-02-2020, 16:12 PM
Marked increase in property repossessions by loanarranger Started by loanarranger, 13-02-2020, 14:15 PM	15 responses 153 views 0 likes	Last Post by loanarranger 16-02-2020, 13:00 PM
First Time BTL Advice limited company by Andy123-4 Started by Andy123-4, 10-02-2020, 19:22 PM	2 responses 86 views 0 likes	Last Post by loanarranger 12-02-2020, 07:07 AM
Lenders now targeting Landlords who are breaking their mortgageterms for AirBnB by loanarranger Started by loanarranger, 11-02-2020, 12:28 PM	6 responses 64 views 0 likes	Last Post by jpkeates 11-02-2020, 17:34 PM
Is it worth listing with 2 agents? by platforminc Started by platforminc, 10-02-2020, 16:41 PM	3 responses 39 views 0 likes	Last Post by loanarranger 11-02-2020, 09:27 AM

Risk of bridge lender pulling out after exchange

by propertyboy

Hi all,

I am looking to buy a property in auction.

What does a bridge lender require to give an agreement in principle? Then from here if I was to win the auction, what conditions need to be met to drawdown? Is the offer conditional on the lenders valuation/legal/structural...
- Channel: Finance & Investment Questions
22-02-2020, 23:04 PM
Mortgage query for house purchase that isn't yet an HMO?!

by Clulass

Hi all,

I'm looking to buy a terraced house which isn't currently an HMO, but I'd like to convert it to an HMO and apply for a licence from the local council (which will be required due to Article 4).

No guarantee that licence will be granted (subj to a consideration on if...
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14-02-2020, 22:10 PM
Reply to Mortgage query for house purchase that isn't yet an HMO?!

by bob369

I am in a similar position, but am on bridging - which has been extended once, absolute deadline to move off is mid May - so 2 3/4 months away.

I am already an HMO landlord of many years, with one licensed HMO under my belt.

Property is being converted to two flats, for which...
- Channel: Finance & Investment Questions
22-02-2020, 12:32 PM
Transfer of equity

by jackboy

Hello, I've been trying to sort out my structure for a while and keep hitting dead ends and so i thought i would see if anybody on here has any suggestions. I have a number of properties held jointly with my brother and a number held in a limited company. I want to transfer the personally held properties...
- Channel: Finance & Investment Questions
19-02-2020, 12:57 PM
Reply to Transfer of equity

by loanarranger

To qualify further my previous comments , I believe your mortgage may be held by Jasper Mortgages, a subsidiary of Topaz Home Loans.
I am presently handling a substantial mortgage portfolio wherethe borrower sadly died unexpectedly and Jasper Mortgages ( Mortgage Express ) is one of the 16 lenders,...
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21-02-2020, 18:19 PM
Reply to Transfer of equity

by loanarranger

It the lender acquired the MX mortgage book , then there will be no amendments allowed , so far as they are concerned they want their money back sooner rather than the mortgage term,and will not permit any variation to the current position. This is standard practice for any close mortgage lender including...
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21-02-2020, 17:55 PM
Reply to Transfer of equity

by jpkeates

The mechanism of moving properties into a partnership and then into a company is offered by companies as a solution to the problem of incorporating personally owned property into a business without paying a whole shedload of CGT.

That would solve a number of issues for me and I have looked...
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21-02-2020, 16:22 PM
Ltd Company BTL Mortgage Rates vs, Personal BTL Mortgage Rates

by Jammy99

Hi all, so I'm weighing up whether to go down the Ltd Company BTL route vs. the Personal BTL route. However, I'm struggling to find descent mortgage interest rates. I'm aware that personal BTL interest rates are lower eg 2.3% vs Ltd company at 4.71%. So, my question is what is the best Company BTL interest...
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16-02-2020, 19:19 PM
Reply to Ltd Company BTL Mortgage Rates vs, Personal BTL Mortgage Rates

by jpkeates

That's a huge advantage.
It's a business - it's just an investment business rather than a build/buy and sell business.

Loanarranger is right, that your particular situation will be unique and so the right route isn't necessarily right for anyone but you.
And things don't stay...
- Channel: Finance & Investment Questions
21-02-2020, 16:14 PM
Reply to Transfer of equity

by AndrewDod

I'm pretty sure that ^ is not correct, as are some other parts. In the first place, your brother is the person initially getting rid of assets - the fact that you are incorporating has no relevance to his tax liability. Second even if you could persuade HMRC that what you are doing is reasonable (if...
- Channel: Finance & Investment Questions
21-02-2020, 15:21 PM

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