Swindon      01793 524444

Your Local Independent Specialist Insurance, Mortgage and Commercial Finance Advisors

Blog

Viewing entries tagged with 'advice'

What to consider with a Help to Buy remortgage

Posted by MMB Finance Swindon and Gloucester on 25 April 2022

Tags: ,

When taking a Help to Buy mortgage, most clients are only focused on getting the keys to their new home. However, five years can go by quickly, and after this period, customers become eligible to pay interest payments on their Help to Buy Equity Loan.

Read the full post

Government bans ground rent charges on new residential leases

Posted by MMB Finance Swindon and Gloucester on 22 April 2022

Tags: , ,

Ground rent charges will be banned on most new residential leases in England and Wales from 30th June, the government has confirmed. Sometimes worth hundreds of pounds a year, the government says these charges "provide no clear service in return and can be set to escalate regularly, with a significant financial burden for leaseholders". From 30th June 2022, landlords will be banned from charging ground rent to future leaseholders.

Read the full post

More lenders set to offer shared ownership mortgages

Posted by MMB Finance Swindon and Gloucester on 9 April 2022

Tags: ,

As an affordable housing option, shared ownership is growing but it does not have enough consumer awareness and understanding. Shared ownership currently accounts for around 2% of housing stock but housing associations are building more of these homes. The government has pledged funding for up to 90,000 new shared ownership properties in the next five years. It is also anticipated that more lenders will offer shared ownership mortgages and brokers should be prepared for a rise in enquiries.

Read the full post

Rising inflation to impact 9 in 10 UK landlords

Posted by MMB Finance Swindon and Gloucester on 18 March 2022

Tags: , ,

With some experts forecasting inflation to rise above 8% and stay there for most of 2022, more than 4 in 5 landlords (83%) are ‘concerned or very concerned’ that rising inflation will negatively impact their ability to continue to invest profitably in UK rental property. The survey found that concern about the impact of rising inflation on landlords' portfolio investments is prompting measures to mitigate rising costs, but it won’t drive a wholesale change in investment behaviour.

Read the full post

Landlords have no knowledge of EPC rule changes

Posted by MMB Finance Swindon and Gloucester on 12 January 2022

Tags: , ,

1 in 7 (15%) of landlords have no knowledge of the upcoming legislative changes to the Energy Performance Certificate (EPC). From 2025, all newly rented properties will be required to have an EPC rating of C or above. Currently properties only require an EPC rating of E or above. Existing tenancies will have until 2028 to comply with the new rule changes. 

Read the full post