Pay mortgage or top up pension?
- Lee Wisener
- 5 months ago
- Questions
A question recently received poses an interesting quandary about whether to use bonus payments to reduce a mortgage or top up a pension.
2nd Charge Affordability Assessment, odd!
- Lee Wisener
- 4 years ago
- Questions
Who should assess your affordability when borrowing against your property and it is from a different lender to your main mortgage? Will it be your original lender or the one you are borrowing from?
BTL for Parents refused by the lender
- Lee Wisener
- 3 years ago
- Questions
Suppose you buy a property and want to allow your parents or other family members to live in it? Sounds simple and it is unless you need a mortgage on the property. Lenders are not keen on family members being tenants.
How much debt will a lender accept for a Mortgage?
- Lee Wisener
- 3 years ago
- Questions
When applying for a mortgage the affordability assessment every lender will carry out will be affected by the level of other debt you have. How much debt is too much?
Building insurance for a property lived in by parents
- Lee Wisener
- 3 years ago
- Questions
When you own a property that you let your parents live in, even if rent-free, who can take out building insurance cover? Not quite as easy to answer as you may think.
Purchasing under Market Value
- Lee Wisener
- 3 years ago
- Questions
Purchasing a property under market value does not mean a lender will allow you to use the market value when it comes to LTV. That is what one visitor found out when they thought a bargain home had been found. There are other aspects to purchasing property under market value.