100% Mortgage – 3 Year Fixed Rate at 2.34%

We have access to a lender who is offering a 100% Loan to Value product for First Time Buyers and Homemovers having difficulty saving a deposit. This is a “Helping Hand” mortgage where the lender will allow an applicant’s parents to act as a guarantor (regardless of age or income). Lenders fee £650 plus valuation […]

How to work out buy to let property rental yield and return on investment

Investing in property can be a daunting prospect and it isn’t risk free. It is important that a potential investor is aware of the potential pitfalls as well as the benefits. Although we can see that historically there have been huge increases in property values and rental return there are no absolute guarantees for the[…..]

How to select a property for Buy to Let

Choosing you property depends on the type of tenant you are looking for rather than the type of property you yourself would like to live in. Put yourself in the shoes of your target tenant and what their needs are. Students, young professionals and families all have different wants. Access to schools, transport links, size of property, storage space, décor,[…..]

Lenders criteria for a Buy to Let mortgage

Buy to let mortgage lenders typically want rent to cover 125% of the mortgage repayments so they can be comfortable there is “wriggle room” in the event of rental voids and to cover costs. This is not generally calculated at the pay rate i.e. the interest rate on the product but a nominal rate decided by the lender[…..]

What legal responsibilities does a Landlord have?

As a landlord you have a legal responsibility to keep the property you are renting safe and free from health hazards. Agents can take this hassle away and offer service from just tenant finding to full property management. If you decide this is the route for you shop around to see who can offer you the best service.[…..]

When You Need Financial Advice

Human beings, in general, are notoriously bad at calculating risk and weighing up reward, it’s almost hard wired into us. Our survival, millennia ago, was based around our inability to think too much about the future and focus on ‘eating today’. This, while useful hunting Mastodons, is less helpful when planning our financial futures and[…..]

Don’t Leave It Too Long To Get Life Insurance

Life insurance can make the difference between people being able to focus on dealing with grief and people being forced to confront harsh financial realities at a hugely painful time. While the statistical likelihood of dying goes up with age, death claims even young lives. What that means in practice is that life insurance could[…..]

Mortgages for Pensioners

The concept of making mortgage payments after retirement age may be a new reality for some people. When looking at this situation, be aware that you can always get advice from a professional financial adviser to help you find the solution that’s right for you. Citrus Mortgages experts advisors in Milton Keynes are ready to[…..]

Preparing for Your Children Leaving Home

The late 1980s TV series “Home to Roost” saw Henry Willows (John Thaw) have his life turned upside down after his 18-year-old son Matthew came to live with him. Today practical economics has made adult children living at home a reality in many families. The current generation of young adults face a number of challenges[…..]

Will We See The Return of Interest-Only Loans?

There are two basic parts to any loan.  One part is the sum borrowed, sometimes known as the capital.  The other part is the fee charged by the lender.  In terms of mortgages, this fee is usually charged in the form of interest.   At this time there are three basic types of mortgage available:[…..]