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What is Let-to-Buy?

RemortgagingDo you want to buy a new home without selling your current home first? Then let-to-buy may the answer for you. Here’s everything you need to know.

How does let-to-buy work?

With let-to-buy, you let out your current home and purchase a new property to live in. It means having two mortgages: you’ll convert the mortgage on your current home into a buy-to-let mortgage. And you’ll take out a standard residential mortgage on the new property you’re buying.

There are lots of factors to think about. You’ll become a landlord, so you’ll need to consider the costs and responsibilities of that. You’ll also need to have a decent chunk of equity in your current home in order to secure a buy-to-let mortgage on your existing home, especially if you need to release equity from it in order to buy your new home.

However, the rewards can be huge. Not only does it mean you can buy a new property without needing to sell your old home first, but you could also potentially see significant financial benefits in the long-term by owning two properties, assuming you can generate enough rental income and that property prices rise.

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What is a green mortgage?

family imageYou’ve heard of fixed rate mortgages, tracker mortgages, and discount mortgages. But do you know what a green mortgage is? In this article, we explain everything you need to know: what they are, how they work, and if you’re eligible for one.

What are they?

A green mortgage rewards you for buying or owning an energy efficient home. The same rule applies if you make improvements or renovations to your home to make it more energy efficient.

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Moving to Leeds

Local and national news agencies are reporting "thousands of Londoners ditching the capital to live in Leeds instead". Are you one of them?

According to The Guardian, the number of Londoners moving to Leeds has increased by 58 per cent from 2,720 to 4,296 in a 5 year period. London may well be overcrowded and expensive, but why is Leeds so attractive?

Leeds River Aire Reach 4  mortgage broker LeedsLooking across the River Aire towards the city centre (B Hannam)

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How could an interest rate rise affect you

saving money on household billsThe Bank of England usually increases interest rates when inflation is predicted to rise above their inflation target. Higher interest rates tend to moderate economic growth. Higher interest rates increase the cost of borrowing, reduce disposable income and therefore limit the growth in consumer spending. Higher interest rates tend to reduce inflationary pressures and cause an appreciation in the exchange rate.

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Latest News

Because we play by the book we want to tell you that…

Your home may be repossessed if you do not keep up repayments on your mortgage. 
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.

For insurance business we offer products from a choice of insurers.

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