Regulations requiring all rental properties to have an EPC rating of C or above for new tenancies come into force in 2025, before extending to include all tenancies by 2028. This has significant financial ramifications for buy-to-let landlords, who are now required to carry out renovations to ensure their properties meet the legal requirements by […]
Category: Blogs
13
Apr
Buy to let ‘Tax Guide: UK tax relief on finance costs’
Kent Reliance for Intermediaries has worked with EY on the tax aspects of this guide which has been created to aid broker knowledge. The full implications of the restriction to the deductibility of finance costs for individual landlords (introduced and phased in as of 6 April 2017) are now being felt by landlords. The full […]
30
Mar
To fix or not to fix?
Mortgage rates have been rising in recent months. The Bank of England (BoE) raised interest rates again on March 17 with the intention to counter an expected global surge in inflation caused by rising fuel prices due to Russia’s war in Ukraine. The bank’s Monetary Policy Committee (MPC) voted to increase the bank rate by […]
10
Mar
How can I improve my credit score?
Your credit score is one of the most important measures of your financial health. It tells lenders how responsibly you use credit. The better your score, the easier you will find it to be approved for new loans or new lines of credit, as well as your ability to successfully get a mortgage. However, your […]
Previous credit problems and trying to get a mortgage? Don’t despair, we may be able to help
For many people, job losses, salary cuts, multiple income streams, payment arrears and the escalating cost of living such as rising energy costs and soaring consumer price inflation has started to impact on household finances. Some people have run up debt and defaulted on payments because of the economic challenges brought about by the pandemic, […]
Buy to let landlords. Do you know about the upcoming changes to EPCs?
Have you got a buy to let? Are you aware of the changes regarding your property’s energy efficiency? Properties risk becoming ‘unrentable’ if landlords do not make the necessary changes required by 2025.
Trying to save for a deposit? Don’t despair – there are other options and there are more than you’d think!
For most first time buyers trying to save for a deposit, it’s a hard slog especially when rent and other day to day expenses mean very little is left at the end of the month to put away. Doubly frustrating is that the monthly repayments on a mortgage can often be cheaper than what you […]
No need to ‘panic buy’ mortgages
No need to ‘panic buy’ mortgages just yet. There’s plenty to go around! In fact, lenders are in the middle of an amazing interest rate price war. Just in the last few days, we’ve seen lenders looking at 5% deposit mortgages cut rates to below 2.7%. This is a fantastic reduction and shows that lenders […]
Options for mortgage borrowers with adverse credit
As a consequence of the pandemic, more people who have adverse – poor – credit are applying for mortgages. According to research conducted by Pepper Money, customers with adverse credit are more positive about their prospects for a successful mortgage application than they were six months ago. The specialist lender found that 52% of adults […]
16
Jun
Did the High Street Bank say no? We may be able to say yes!
People often struggle to access affordable mortgages because they don’t meet the vanilla criteria of high-street lenders, but this doesn’t need to be the case for you. Our lender partners make decisions based on your individual circumstances so if you’ve failed a credit score or don’t fit within the traditional high street lenders profile, we […]