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Author: amoore70
A list of the ten biggest conveyancing firms in the UK
Identifying the ten biggest conveyancing firms in the UK can be challenging as rankings can vary based on different criteria such as the number of transactions handled, revenue, or size of the firm. However, here are some of the largest and well-known conveyancing firms in the UK based on their prominence and market presence: These… Read more
What does a conveyancer do?
A conveyancer in the UK is a legal professional who specializes in the legal aspects of buying and selling property. They play a crucial role in ensuring that property transactions are completed legally and smoothly. Here’s an overview of what a conveyancer does: 1. Initial Steps and Client Instruction 2. Pre-Contract Stage 3. Exchange of… Read more
Property types that offer the best rental yields in the UK
In the UK, various types of properties can offer high rental yields depending on factors such as location, demand, and property management. Here are some property types known for potentially high rental yields: 1. Houses in Multiple Occupation (HMOs): 2. Student Accommodation: 3. Short-Term Lettings (Airbnb or Holiday Rentals): 4. Buy-to-Let Apartments in City Centers:… Read more
Combined loan to value (CLTV) explained
In the UK, Combined Loan to Value (CLTV) ratio is a financial metric used primarily in mortgage lending. It represents the ratio of the total amount borrowed (through mortgages and any other loans secured against the property) to the value of the property being purchased or refinanced. Here’s how CLTV is calculated and its significance:… Read more
Understanding AML (Anti-Money Laundering) checks
During a UK mortgage application, lenders are required to conduct checks to prevent money laundering and ensure compliance with anti-money laundering (AML) regulations. These checks are part of the Know Your Customer (KYC) process and typically involve the following steps: 1. Identification and Verification of Customer (ID&V): 2. Source of Funds: 3. AML Checks: 4.… Read more
Best places to live in Gloucestershire
Gloucestershire, located in the South West of England, offers a variety of attractive places to live, each with its own unique charm, amenities, and lifestyle advantages. Here are some of the best places to consider: 1. Cheltenham 2. Gloucester 3. Stroud 4. Cirencester 5. Tewkesbury 6. Tetbury Summary: Gloucestershire offers a range of towns and… Read more
Choosing a 2, 5 or 10 year fixed mortgage
Choosing between 2-year, 5-year, and 10-year fixed-rate mortgages depends on individual financial circumstances, risk tolerance, and future plans. Here’s a breakdown of who each type of mortgage might suit: 1. 2-Year Fixed-Rate Mortgage: 2. 5-Year Fixed-Rate Mortgage: 3. 10-Year Fixed-Rate Mortgage: Summary: Choosing the right fixed-rate mortgage depends on balancing personal circumstances, financial goals, and… Read more
Things to consider when buying a property to use as an Air BnB
Buying a property to use as an Airbnb in the UK involves several considerations to ensure success and compliance with regulations. Here are key factors to think about: 1. Location and Demand: 2. Property Type and Features: 3. Financial Viability: 4. Legal and Regulatory Compliance: 5. Management and Maintenance: 6. Guest Experience and Reviews: 7.… Read more
Rent to rent (R2R) – is it legal?
Rent to rent arrangements in the UK can be legal, but they must comply with certain regulations and considerations to avoid falling into illegal practices or breaching tenancy laws. Here’s a breakdown of what rent to rent entails and its legality in the UK: What is Rent to Rent? Rent to rent (also known as… Read more
Is it possible to obtain a mortgage for a property above a shop?
Yes, it is possible to get a mortgage in the UK for a property located above a shop, but there are some considerations and potential challenges to be aware of: 1. Lender Criteria: 2. Valuation and Mortgage Approval: 3. Potential Issues: 4. Legal and Planning Considerations: 5. Insurance and Maintenance: 6. Mortgage Process: Example Scenario:… Read more