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[loanarranger]

This is relatively straight forward, you need a solicitor to deal with the Sale & Purchase of the Property once you have created ideally an SPV company, but before you do this and as per my past postings you should discuss everything with a qualified accountant not a Bookkeeper, you will then understand...

[loanarranger]

Good point Gordon999, furthermore the Law Society in Best Practice and endorsed by the FCA is for a broker to provide names of three firms but with no bias on one , it is then unto the client to source quotes and make the decision themselves. House Builders are very adept at convincing purchasers of...

[loanarranger]

When it comes to a possible downturn the market , Flats invariably suffer with valuers taking a cautious approach and that is top of the agenda for New Developments.
Speaking with several lenders today it was clear that any form of incentive has to be quantified and taken into consideration when...

[loanarranger]

Given the increased levels of concern being expressed over the mortgageability of Flats in light of the terrible Grenville disaster lenders within the Lloyds Bank Group have provided clarity in how they will deal with existing and new build flats, I would stress that their approach mirrors that of the...

[loanarranger]

Just remember the firm being suggested receives more introductions from the developer than you give so if there is a dispute on the property on whose side will they act for. I have never ever trusted such incentives so caveat emptor.

[loanarranger]

At this moment in time I would avoid buying a flat under any circumstances.
Remember as a New Build you will be competing with othe investors at the same time for tenants and whilst there is always a small premium to be had from occupying a new unit just like cars this premium immediately evaporates...

[loanarranger]

If your current lender agrees to a Consent to Let then there is no need to refinance and this will save you having to pay the ERC on the Redemption.

[loanarranger]

Rent a room does not provide a legal right of occupancy in the way that an AST does, if no rent is received you have the legal right to tell the person to vacate the property....

[loanarranger]

I am indeed sorry for your economic plight and the difficulties you are facing.

Your current mortgage was taken out I assume over a term which was for at least 10years or longer and you obtained a competitive fixed rate for the first five years, therefore once the incentive facility expires...

[loanarranger]

Consent to Let is not automatic and the lender will want a plausible reason behind your request and from your posting I cannot see such justification. If it were granted at best the consent will extend to the end of your present incentive period after which you either transfer it to a non regulated...

[loanarranger]

ExPat BTL Mortgages are still available but much depends on the Country where the ExPat is located and the employment and whether it is a multi National Company.
If you can flesh out your circumstances I can try and be more specific on what options might be available.
Although not recent...

[loanarranger]

Before anyone contemplates letting the property to students I would suggest that one checks with the current lender if they are presently happy for such a letting arrangement. Because of the current situation Paragon, TMW and Aldermore have changed criteria which excludes such Letting arrangements including...

[loanarranger]

The volume of applications being placed with a shrinking number of lenders for high loan to Value mortgages is prompting some to increase the rates charged for this element of mortgage lending, the following article highlights the steps being taken by three lenders who indeed were not the first to charge...

[loanarranger]

The answer to both questions is indeed yes, there is no restriction on buying a second property for letting . Clearly you are aware that your payments on the equity share commence in 2years time or if you sell the property earlier when the amount plus profit share due to the 2nd charge provider. ...

[loanarranger]

This appears to be a typical MUFB conversion , accepted by many lenders within the BtL sector, however it is prudent that the builder is suitably accredited , has the right level of Professional indemnity in place and ideally provides a guarantee for a ten year period much like the NHBC etc.
...

[loanarranger]

This definitely can be classed as a MUFB with development potential of external building and as mentioned can be marketed as a Commercial opportunity on Rightmove or other suitable web sites. It certainly would be an advantage to allow an agent to market it direct to their established landlord por...

[loanarranger]

I think the essence of the opening post related to the question of how best to help in the purchase of a property for their children taking account of their current employment and higher education restrictions.
in common with all the responders I too have helped my two children get onto the property...

[loanarranger]

There is nothing to prevent you from purchasing a property jointly with your children as a BtL given that you are homeowners with or without a current mortgage.

Proving that you can show the minimum earned income required from one of the lenders and the rental income meets the threshold...

[loanarranger]

Sorry Artfulodger got in before me whilst typing and his comments are 100% correct.

My response is non- political and based on what is going to happen.I fear you may have difficulties in so far as after 31st December you will as a European citizen no longer have automatic right to reside...

[loanarranger]

It sounds an interesting proposition but as you haven’t any previous experience of such projects I regret to say that Short term funding will be difficult given that this is indeed a development project and the uncertainty within the sector has prompted lenders to restrict such funding where experience...