Mortgage Rate Rise

Top-Slicing – Overcome Weak Rental Yields to Increase Your Mortgage Borrowing Ability

Are diminishing rental yields limiting your Buy-to-Let mortgage capacity? In the realm of Buy-to-Let mortgages, affordability is crucial, assessed by balancing rental income against the interest on the mortgage. Regulatory guidelines mandate lenders to ensure expected rental income falls within 125% – 145% of a notional interest rate. Recent increases in mortgage rates have constrained […]

Read more

Navigating Mortgage Rate Hikes: What You Need to Know

In recent times, the UK mortgage market has witnessed a significant shift. With the surge in inflation and an unprecedented increase in mortgage rates, homeowners across the nation are bracing themselves for a financial challenge. UK Finance estimates that approximately 1.6 million fixed-rate mortgages are set to end in 2024. Most of these mortgages were […]

Read more