Landlords with a buy-to-let mortgage will be facing further new regulations being introduced on the 1st October 2017. These new rules have been introduced by The Bank of England. They apply to landlords who have a property portfolio of four or more properties. Every time such landlords refinance one property or buy another, mortgage lenders will have [...]
It is now over 10 years since the Bank of England last raised interest rates. Could now be the best time to remortgage? With base rate at a historic low of 0.25%, some feel that the only way rate will go is up. Is it time to consider what a rate rise might mean for your [...]
Launched in 2013 the Help to Buy mortgage scheme was meant to “help anyone who works hard and aspires to own their own home has that opportunity” So said the then economic secretary to the Treasury, Stephen Barclay. How does Help to Buy work. With the Help to Buy equity loan the government will lend you up [...]
The Bank of Mum and Dad keep growing to become a £6.5bn UK Mortgage Lender on a par with the 9th largest UK lender. It continues to grow in importance in helping young people take their early steps onto the housing ladder. It will be involved in more than a quarter of all property transactions [...]
Cut from £10,000 to £4000 pension allowance. If you’ve flexibly accessed your pension benefits, the Money Purchase Annual Allowance (MPAA) is the annual amount that can be paid to your money purchase arrangements without a tax change. This is a reduction from £10,000 to £4,000. Chancellor Phillip Hammonds view. However, in the Autumn Statement 2016, Chancellor Phillip [...]
Published by Darren Amos, Financial Adviser at Anstee & Co., Independent Financial Advisers. Looking at Buy to Let property and mortgages. As you’d expect there isn’t a simple Yes or No! Following the changes in taxation legislation announced by the chancellor, some of which are already in effect. There has been a lot of debate about landlords [...]
