Mortgages.scot

Purchasing under Market Value

Purchasing a property under market value does not mean a lender will allow you to use the market value when it comes to LTV. That is what one visitor found out when they thought a bargain home had been found. There are other aspects to purchasing property under market value.

Questions

The effect of missed payments due to COVID

The end is in sight for COVID restrictions. Well, we hope it is. Many have missed payments on a range of accounts due to being furloughed or losing a job. How will it affect you in the future?

Questions

Mortgage Complaints 2020/21

Mortgage Complaints made to the Financial Ombudsman Service are produced on a regular basis. For the most recent year figures have been released and it shows an increase.

Statistics

Great Property Valuation Podcast

If you work in the mortgage industry with an interest in valuations then Robert Cohen, Managing Director from MJ International has been giving a fantastic insight on his new podcast series.

Podcasts

Building insurance for a property lived in by parents

When you own a property that you let your parents live in, even if rent-free, who can take out building insurance cover? Not quite as easy to answer as you may think.

Questions

CeMAP Qualification, a good option for you?

CeMAP, should you get qualified by sitting the industries most recognizable mortgage qualification? There are many reasons you may want to study it, not just to become a mortgage advisor.

Views

How much debt will a lender accept for a Mortgage?

When applying for a mortgage the affordability assessment every lender will carry out will be affected by the level of other debt you have. How much debt is too much?

Questions

BTL for Parents refused by the lender

Suppose you buy a property and want to allow your parents or other family members to live in it? Sounds simple and it is unless you need a mortgage on the property. Lenders are not keen on family members being tenants.

Questions

A mortgage for live-work units, feasible?

When is a home not just a home? It could be that it is also a workplace. Commonly referred to as a live-work unit, many lenders are reluctant to lend against this type of property and I will look at why here.

Views

2nd Charge Affordability Assessment, odd!

Who should assess your affordability when borrowing against your property and it is from a different lender to your main mortgage? Will it be your original lender or the one you are borrowing from?

Questions

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