Tag: Concessionary Purchase
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Case Study: Buy-to-Let Purchase in Bracknell After Divorce
Introduction We recently helped our customer secure a buy-to-let mortgage to purchase a flat in Bracknell, Berkshire, as part of a financial settlement following a divorce. The purchase was more complicated than a standard property transaction. Our customer was buying the property from his former partner and another family member, using gifted equity towards the… Read more
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Case Study: BTL Mortgage in Kent for First-Time Landlord
Introduction We recently helped our customers arrange a buy-to-let mortgage to purchase a property from a family member in Margate, Kent, at a price below its market value. The main challenge was finding a lender willing to accept a concessionary purchase, where the discount provided by the family member would be used as the entire… Read more
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Concessionary Purchase
Concessionary Purchase Mortgages Yes — you can buy a property below market value using a concessionary purchase mortgage, often without needing a cash deposit. The discount you receive is treated as a gifted deposit, which can help you get onto the property ladder sooner. Buying a home can be challenging, especially when saving for a… Read more
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Mortgage For A Dependant Relative
Mortgages for Dependant Relatives – Concessionary Purchase and More Looking after your family often means making big decisions about their living arrangements. You might be considering how to support a parent whose mortgage is ending, or you may want to provide a home for a child or another relative who cannot get a mortgage themselves.… Read more