Understanding the stamp duty land tax (SDLT) rules for buy-to-let investments can seem like a maze. Your payable SDLT depends on your buyer status, UK or Northern Ireland location, and the property’s value. Still, despite an added layer of stamp duty stress, buy-to-lets are attracting an increasing number of UK individuals and corporations. If you sold a buy-to-let property, you may claim a stamp duty refund with Expert Mortgage Brokers. We simplify the stamp duty rates, refund process, and how to claim back stamp duty for residential property buyers and investors.  Uncertain about the st ..read more

This article will explore how a consumer buy-to-let mortgage could be the right choice for you. We will help you decide if this option is right for you and explain how getting expert help can be important in getting the best rates. What exactly is a consumer buy-to-let mortgage? A consumer buy-to-let mortgage, also known as a ‘CBTL,’ is a special financial product for accidental landlords, like those who inherit property or rent out their previous home. As it’s regulated by the Financial Conduct Authority (FCA), it provides the consumer with a similar level of protection as a residential mortg ..read more

With a let to buy mortgage, you can buy a new home and keep your current one as a rental property. This allows you to secure your dream home without selling your existing property. How does Let to Buy work? Your lender will convert your current mortgage into a buy-to-let product designed for landlords. At the same time, you will take out a new residential mortgage to buy your future home. You can finance the down payment on your new home by unlocking the equity tied up in your current property. Let-to-buy mortgages offer flexibility for life changes, such as needing more space due to blending ..read more

If you’re considering investing in a buy-to-let property, it’s crucial to understand that buy-to-let mortgages are typically more expensive than ordinary mortgages for homeowners. In fact, buy-to-let mortgage rates are typically around one percentage point higher than residential mortgage rates. This is because lenders view tenants as a higher risk compared to owner-occupiers. Additionally, many buy-to-let mortgages come with high arrangement fees, sometimes as much as 3.5 per cent of the property’s value. These higher costs reflect the lender’s perception of increased risk when lending to lan ..read more

If your credit score isn’t perfect, most lenders will reject your mortgage application. But some specialists provide loans to borrowers with poor credit histories. These bad credit mortgage lenders understand life happens and look beyond credit scores. They focus on your current finances instead of past mistakes. You can’t access these niche lenders directly. You need a broker’s help to find the right bad credit mortgage product for your situation. Brokers match applicants with lenders whose criteria fit their credit profile. Even with prior defaults, arrears, or CCJs, they can find your optio ..read more

Yes, it is possible to get a mortgage with bad credit in the United Kingdom. The terms and interest rates may be less favourable, but it is definitely possible to secure a mortgage with sub-optimal credit. As long as full transparency is maintained between the client and the broker, it makes the whole process a lot easier than it seems. What is a bad credit score? In the UK, a bad credit score is typically classified as “Poor” or “Very Poor” by credit reference agencies. For example, according to Experian, a credit score of 561–720 is considered Poor, and 0–560 is considered Very Poor. A good ..read more

Taking out a bridging loan can get pricey pretty fast. At Expert Mortgage Brokers, we want you to understand all the fees so you can make the best choice. Bridging loans charge higher interest rates than normal mortgages – usually 8-12% APR. That interest rate determines your monthly payments. On top of that, you’ll pay fees like: An arrangement fee to the lender, often 1-2% of the total loan amount A valuation fee for the lender to assess the property, around £200-£800 Legal fees to handle the paperwork, approximately £800-£1200 Early repayment charges if you pay it off before the end date ..read more

Absolutely! Despite being on Universal Credit, you can secure a mortgage. Lenders evaluate affordability, and while some may hesitate, others approve. Choose wisely to achieve homeownership. Today, many individuals still aim to own a home, even if they receive benefits. At Expert Mortgage Brokers, we recognize the importance of addressing the unique challenges faced by this demographic. In this comprehensive guide, we shed light on the possibility of obtaining a mortgage while on benefits. We debunk myths and provide valuable insights. Can I get a mortgage while on universal credit? Yes, it ..read more

This article will explore how a consumer buy-to-let mortgage could be the right choice for you. We will help you decide if this option is right for you and explain how getting expert help can be important in getting the best rates. What exactly is a consumer buy-to-let mortgage? A consumer buy-to-let mortgage, also known as a ‘CBTL,’ is a special financial product for accidental landlords, like those who inherit property or rent out their previous home. As it’s regulated by the Financial Conduct Authority (FCA), it provides the consumer with a similar level of protection as a residential mortg ..read more

With a let to buy mortgage, you can buy a new home and keep your current one as a rental property. This allows you to secure your dream home without selling your existing property. How does Let to Buy work? Your lender will convert your current mortgage into a buy-to-let product designed for landlords. At the same time, you will take out a new residential mortgage to buy your future home. You can finance the down payment on your new home by unlocking the equity tied up in your current property. Let-to-buy mortgages offer flexibility for life changes, such as needing more space due to blending ..read more