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Author: amoore70
Understanding home reversion plans
A Home Reversion Plan is a type of equity release scheme available in the UK that allows homeowners, usually those aged 65 or older, to sell part or all of their property to a reversion company in exchange for a lump sum payment or regular income, while retaining the right to live in the property… Read more
Extending a property lease
In the UK, lease extension allows leasehold property owners to extend the length of their lease, providing greater security and potentially increasing the value of their property. The ability to extend a lease depends on certain criteria and is governed by specific legal processes outlined in legislation, primarily the Leasehold Reform, Housing and Urban Development… Read more
Understanding SVR’s
In the UK mortgage market, understanding different types of interest rates is crucial for borrowers. One of these types is the Standard Variable Rate (SVR). This article delves into what SVR is, how it works, and its implications for mortgage borrowers in the UK. What is SVR? The Standard Variable Rate (SVR) is the default… Read more
Understanding HMOs and Their Impact on Mortgages
The property market in the UK offers various investment opportunities, with Houses in Multiple Occupation (HMOs) being a popular choice for landlords seeking higher rental yields. However, HMOs come with specific regulatory requirements and implications for mortgages. This article explores what an HMO is, the legal requirements for operating one, and how HMOs affect mortgage… Read more
Understanding Equity Release : What It Is and How It Works
As the population ages, many homeowners in the UK are looking for ways to access the wealth tied up in their property to fund their retirement or other financial needs. Equity release is one such solution, allowing homeowners to unlock the value of their home without the need to sell or move. This article explores… Read more
The top 10 places in UK with best rental yields in 2024
In 2024, several UK cities and regions offer attractive rental yields for property investors. Here are the top ten locations currently providing the highest rental yields: These locations highlight the regional disparities in rental yields across the UK, with Northern and Midlands cities offering some of the highest returns for buy-to-let investors. While London and… Read more
Is it better to buy a one bedroom or two bedroom apartment as an investment?
When deciding whether to invest in a one-bedroom or two-bedroom flat in the UK, several factors must be considered to determine which option is better suited for your investment goals. Here’s a detailed comparison of one-bedroom versus two-bedroom flats: 1. Rental Demand and Market Appeal 2. Rental Yields 3. Purchase Price and Affordability 4. Capital… Read more
What is income protection and how does it work?
Income protection insurance is a type of policy designed to provide financial support if you are unable to work due to illness or injury. It ensures that you continue to receive a portion of your income while you recover and are unable to earn. Here’s a detailed look at income protection and how it works… Read more
Understanding flying freehold in property law
Understanding Flying Freehold in UK Property Law Flying freehold is a somewhat obscure but important concept in UK property law. It refers to a specific type of ownership arrangement where part of a freehold property overhangs or underlies another freehold property. This can occur in various scenarios, such as in older buildings where parts of… Read more
CCJ’s and impact on mortgage applications
Introduction: County Court Judgments (CCJs) are legal orders issued by county courts in England, Wales, and Northern Ireland. They are typically issued against individuals or businesses who have failed to repay debts. In the context of mortgages, CCJs can have significant implications for borrowers, affecting their ability to secure financing and potentially leading to adverse… Read more