- Date: January 24, 2023
- By: Sterling Commercial Finance
- Categories: Property
Buy to let mortgages are a type of loan for buying a property you intend to rent out to tenants. You would usually be letting for a profit, or at least to break even. Most buy-to-let mortgages in the UK are interest-only, with the landlord paying the monthly interest using the rental income.
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- Date: October 25, 2022
- By: Sterling Commercial Finance
- Categories: Property
A light refurbishment usually refers to work to the property that are not of a structural nature and where there is no planning required or change of use where heavy refurbishment generally consists of major structural work such as an extension or conversion from commercial to residential and where there are substantial cost of works.
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- Date: October 25, 2022
- By: Sterling Commercial Finance
- Categories: Property
It’s important to plan for the repayment of your refurbishment loan before you even approach lenders to fund the project
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- Date: July 4, 2022
- By: Sterling Commercial Finance
- Categories: Property
The simple answer is, yes. If we assume that the property is your residential home and you have a residential mortgage, the majority of mortgage terms will require you to obtain a 'consent to let' before you can let it.
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- Date: July 4, 2022
- By: Sterling Commercial Finance
- Categories: Property
The majority of HMO lenders will lend on the vacant possession value of the property (or bricks and mortar), despite the rental income received from letting to multiple tenants.
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- Date: January 19, 2023
- By: Sterling Commercial Finance
- Categories: Property
Most businesses in the UK rent rather than buy their own business premises however there are advantages to owning your own commercial property.
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