After the positive feedback for the glossaries of UK financial terms, we have taken some time to create a series of webpages which provide a glossary of terms and definitions for UK mortgages. We hope that you will find these definitions useful. If there are any other glossary sections or definition sections which you believe we need to add to our website please let us know.
In the meantime here are the links to the UK mortgage glossary pages:
Related posts:
When you apply for a mortgage on a second property and intend to use the first home as an investment you are able to use that as income. Most banks will give you 75% of what your rent is as usable income. That 75% will be added to your income and you can offset that against your debt.
I’m a big believer in Rent to Own, provided it’s done right. Too many businesses and investors look at Rent to Own as a way to get cashflow from a single family home. However if you actually make an effort to help the family become home owners, I find not only do more of your clients actually buy at the end of their contract. But also far fewer drop out during the rental term.