Finding and arranging a large mortgage used to be easy. Lenders used to fall over themselves to arrange a million pound plus mortgage and many had specialist high value departments who offered a premium application service to their well healed prospects. Falling house prices, funding issues, bank closures and mergers and the FSA's proposed guidelines on income requirements and interest only mortgages have left a gap in this market...more
The fundamentals for a strong buy to let market have improved over the duration of this year. Rental yields are increasing, repositions are falling back, tenant demand is strong, the emergency budget gave a nod with its corporation tax cuts, the large buy to let companies of old have commented on lower arrears and increasing profitability and landlord sentiment is broadly positive. Yes there is still nervousness surrounding the...more
Arranging a million pound mortgage is not as easy as it used to be as lenders focus more on smaller loans to reduce risk and improve profitability. Pressure on interest only mortgages, restrictive income multiples and many lenders only using small portions of bonus, commission and dividend payments also adds to the difficulty. Some Examples: • The Lloyds Banking Group (which includes Halifax, Lloyds TSB and Cheltenham and Gloucecter) only offer Interest only up to £500,000. • Nationwide only offer Million pound mortgages at 60% loan to value • Natwest and Royal Bank of Scotland typically only accept 25% of an annual bonus into their affordability calculations • Santander's best mortgage products are usually available up to £550,000 • HSBC & First Direct usually only offer mortgages up to 3.5% annual income, meaning you will need to earn nearly £300,000 to borrow one million! How Can Enness Private Clients Help With Your Million Pound Mortgage? We work with every high street lender and more importantly a large number of private...more
When a person gets his salary he tries to plan out thing in a proper manner. But with the limited cash available sometimes thing becomes difficult. Not having enough money for even small needs is an unfavorable situation. Do you also require credit that you would pay back when your next salary comes into your account? If yes, then...more
A person with a fixed and regular income source will certainly have a tough time, especially in times of extreme emergencies. It is the income that does not give the much needed reliability, which is very much required by these people. So, usually, when the monthly income is usurped, pursuing emergency issues will be a difficult...more
A finance that consists of a promising nature is available at your service. Guaranteed personal loans are such an option that can help you get rid of all your financial worries without any hassles. These advances can be sustained for a reasonable duration and suffice all kinds of individual demands. Thus, it is a definition of safety in financial terms especially with respect to the pledging of collateral.These advances require true willingness in the offering of the asset. The borrower should be completely resolved to the fact that he is going to obtain a reasonable amount against the collateral that he is ready to secure. This deal helps him fetch a sum of cash that can range within £500 to £100,000. These funds can be used for as long as a term of 1 to 25 years.The borrower should very carefully observe the amounts that are sanctioned in these contracts as well as the term for which they can be used. This urges the applicant is accomplishing the wants that he intended to fulfill for a long time. It could be the demand for ownership over a house, a car or going for a holiday. Here, there is also a convenience to get the deal approved at low interest rates.But,...more
Once you have exhausted your existing monetary resources, it becomes ever more difficult to mobilize the same and that too within a short span of time. In the event of any financial crisis, to get hold of the funds, you will have to...more
Sometimes you feel that there are more days in the month than the money in the bank. You may fall in financial crisis as it does not let you meet your monthly expenses and desires within your single monthly income. If this is so, you...more
Untold financial crisis take away all the peace from your life. If you are in need of additional finance as your payday is finished and the expenses cannot be delayed, here is quick payout loans for you. It helps you to get rid of all...more
Bridging Loans are an ideal way to obtain easy borrowing for a great variety of reasons. The bridging loans facility is normally associated with clients seeking swift funding for reasons ranging from buying a property at auction to...more
Being a first-time renter in the DFW suburb of Plano, Texas can be a daunting and very expensive prospect. Plano happens to be one of the most expensive cities in North Texas and apartment rental fees and deposits can be pricy. With...more
Do you want to know what actually the car title loans are? As the name itself suggests that the car title loans are the loans in which you car is kept as security. They are easy loans in the time of need. If you are having a car, it...more