Flying Freehold Mortgages

Understanding Flying Freeholds: How to Secure a Mortgage for Unique Property Situations Buying a home is an exciting journey, but it can become more complex when encountering unique property situations like a flying freehold. Flying freeholds, where a part of a property overhangs or underlies a neighbouring property, often raise questions and concerns, particularly regarding… Read more
Can I Convert My Mortgage To A Buy To Let?

How to Change Your Mortgage to a Buy-to-Let If you’re thinking about turning your current home into a rental property, you’re not alone. Many people in your position consider changing their residential mortgage to a buy-to-let mortgage, whether they’re relocating, moving in with a partner or simply exploring new investment opportunities. This process involves either… Read more
Finance for Sui Generis Property

How to Get a Mortgage for Sui Generis Properties If you own or are buying a property that sits outside the usual planning use classes, hopefully this page will be useful to you. What sui generis means in practice Sui generis is a planning term used when a property does not fall under the usual… Read more
Case Study: A Buy to Let Remortgage with Adverse Credit

Summary We recently helped a self-employed business owner in Basingstoke, Hampshire, remortgage an existing buy-to-let property to raise funds towards purchasing another investment property. The property was valued at £400,000 and the customer wanted to maximise the borrowing to £300,000, equivalent to 75% loan-to-value. The case was more complex because of some minor adverse credit… Read more
Do I Need a Decision in Principle to Make an Offer

Making an Offer on a House: Do You Need a Decision in Principle First? The process of buying a home can feel complex, especially when it comes to understanding financial preparations like a Decision in Principle (DIP), sometimes known as an Agreement in Principle (AIP) or Mortgage in Principle. A common question we get is,… Read more
Serviced Accommodation Mortgage

Airbnb & Holiday Let Mortgages: What You Need to Know If you are thinking about turning a property into a short-term rental such as an Airbnb or holiday let, you’ll need the right type of mortgage. A serviced accommodation mortgage is designed specifically for properties rented to guests rather than long-term tenants. This makes it… Read more
How Do Mortgage Interest Rates Work?

Mortgage Interest Rates: Types, Factors, and Advice Understanding mortgage interest rates is crucial when you’re looking to buy a home or remortgage. The interest rate on your mortgage determines how much you’ll repay over the life of the loan. This guide will help you grasp the different types of mortgage interest rates, how they are… Read more
Buy to Let Mortgage Deposits

Buy to Let Mortgage Deposits: Everything You Need to Know Before Investing in Property Investing in property can be a lucrative venture, and buy-to-let mortgages are a popular choice for those looking to enter the rental market when they can not buy with cash or prefer not to use all of their own funds. Understanding… Read more
What Does Loan to Value Mean?

What Does Loan to Value (LTV) Mean? When you’re looking at the world of mortgages, it’s easy to feel overwhelmed by the jargon and technical terms thrown your way. One of the most important concepts you’ll likely encounter is Loan to Value, often abbreviated as LTV. Understanding LTV is important, as it directly affects the… Read more
Mortgage With No Early Repayment Charges

Understanding Mortgages Without Early Repayment Charges As a homeowner or prospective buyer, navigating the world of mortgages can be complex. One aspect that often causes concern is the early repayment charge (ERC). If you’re considering paying off your mortgage early, it’s crucial to understand how ERCs work and the options available to avoid them. At… Read more
Buy To Let Mortgage With No Minimum Income

Can you get a buy-to-let mortgage with no minimum income? Yes — but lender criteria can vary significantly. While many lenders require a minimum income (often around £20,000–£25,000), some will assess applications based primarily on rental income and overall financial position. This means it is possible to secure a buy-to-let mortgage without a traditional income,… Read more
Short Lease Mortgages

Short Lease Mortgages: What You Need to Know Before Buying Purchasing a property with a short lease can be an appealing option due to the typically lower purchase price, but it comes with its own set of challenges, particularly when it comes to securing a mortgage. At Kerr & Watson, we specialise in guiding our… Read more

Category: Buy To Let Mortgages