In a world where financial stability plays a pivotal role in our lives, your credit history holds immense significance. It can be the key to unlocking opportunities, such as securing a mortgage for your dream home. However, what happens when your credit history is tarnished with blips and blemishes? Does that mean you can never […]
This is a challenging period for individuals considering property investments for rental purposes. With rising mortgage rates, less favourable tax conditions, and stricter regulations, the financial calculations are no longer as enticing for many prospective landlords. While the demand for rental properties remains high, it’s premature to write off the market entirely; it still shows […]
It’s been two years since the rising cost of living became a major concern for all of us. Unfortunately, it seems like this challenge will stick around for a while. As consumers, you’ve probably noticed the immediate effects, like more people relying on food banks. But there are also some longer-term consequences that are starting […]
UK mortgage borrowers who are self-employed and/or have complex income sources, such as dividend income, or partnership in a Limited Liability Partnership (LLP), often encounter significant challenges when seeking a mortgage. These issues stem from the traditional lending criteria used by mortgage providers, which may not adequately cater to the unique financial circumstances of these […]
Autumn approaches, marking the end of a busy summer for holiday let landlords. This year, we’re seeing increased interest from property investors seeking insights into the holiday let sector and considering their next steps. Whatever questions you may have, here’s a quick overview of what’s going on in the market and a review as to […]
We understand that purchasing a dream home or making a significant property investment is a thrilling prospect. However, obtaining a large mortgage comes with its fair share of challenges. Here we aim to shed light on the issues surrounding securing such home loans and provide you with valuable insights to make an informed decision. Creditworthiness […]
Impact Specialist Finance, based in Horsham, has been awarded Best Specialist Mortgage Broker for the third year in a row at the 2023 What Mortgage Awards. The What Mortgage Awards recognises and rewards the very best businesses in the UK’s mortgage and associated personal finance markets. The awards were announced in a live, interactive Twitter […]
Property refurbishment loans are a form of short-term financing typically used by investors and landlords to refurbish, convert or build residential properties or commercial premises. Loans are generally taken out with the aim of increasing a property’s value until it is sold on the open market or refinanced with a mortgage. Anyone can refurbish a […]
Now Help to Buy London is closed, there are still other forms of help available when it comes to getting a foothold on the property ladder in the capital. Shared ownership Shared Ownership is also known as part-buy part-rent. Buyers pay a low deposit, and purchase only a share of a property with a mortgage. […]
There’s no glossing over the fact that buying a property is tougher than it used to be. Budgets are being squeezed like never before as interest rates are at a 15-year high, low-cost mortgages are no longer available, and high energy costs have fuelled the cost of living issue. Despite all this, 2023 could be […]
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