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Repossessions & Evictions If you are currently being repossessed, been given warnings by your lender, been to court and pending eviction or indeed been reposssessed and/or evicted- Discuss your experiences here.
Remortgaging Discuss your experiences - Good or Bad When you remortgage, you are switching your mortgage to another deal, and frequently; another lender. Remortgages can be used for various reasons, most people simply switch mortgage because it will work out cheaper for them. For example, the introductory discounted interest rate may have finished with your current lender; therefore you could get a discount, or a lower APR, with another lender. Other individuals may use a re-mortgage to consolidate their debts, if they take out their remortgage for a larger amount than owed on the existing mortgage.
Rent Potential - the decision as to whether or not a mortgage will be offered is usually based on the rent you will earn as well as your income. In some cases your income is not ever considered.
Interest Rate - buy to let mortgages have slightly higher interest rates.
Larger Deposit - typically a minimum of 20% or 25% of the property's value is required as a deposit.
Commercial Mortgages A commercial mortgage is probably the best way to finance the purchase of buildings and land for business purposes, it provides the most flexible and affordable finance solution. Commercial mortgages are specialised due to the fact that the lender has a legal claim over the property until the loan has been repaid in full.
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