Older borrowers, despite usually being more asset-rich and
financially savvy than younger borrowers, are often overlooked by the
mainstream banks when it comes to taking out a mortgage or large loan.
As a result, here at Together we’ve seen older borrowers
become increasingly open to alternative sources of finance, and particularly
With life expectancy in the UK at near-record levels, never
before has there been such pressure on our pensions to keep us supported
financially throughout our twilight years. As a result, some over-50s are
looking at property to supplement their pension income – either by purchasing a
property to renovate and sell on for a profit, or buying a rental property to
supplement their ongoing income.
One quick way to achieve this landlord dream is by purchasing through an auction, where payment is usually due within 28 days. Buying with a bridging loan at auction then gives you the term of the loan (typically 12 months) to either refinance with a buy-to-let mortgage; or repay the loan with the proceeds of selling the property on.
The latest blogs…
Firstly, let me repeat the words I said to Richard Bilton in a TV interview I did with Panorama at my office two summers ago (an interview which lasted just seventeen seconds): “There is no such thing as NO-FAULT Eviction under Section 21”. There is always a...
It’s a topic I have spoken about many times before, but sadly it doesn’t appear to be improving. Councils are still being forced to respond to Britain’s housing crisis by telling tenants who have been asked to leave by their landlords, to stay put until they are...
The Tenant Fees Act came into force on 1 June 2019 after years of rumour, counter rumours and battles with the authorities. While we will take a look at the repercussions in more detail later in this article, in effect the new laws abolish the majority of fees...
Landlord Action invites Housing Minister to “work together” on changes to possession process as 38% of landlords will consider selling up if Government scraps Section 21
Founder of Landlord Action, Paul Shamplina, has written to the Housing Minister, Heather Wheeler, inviting her to gain a greater understanding of the possession process before making drastic reforms. This comes after a survey¹ carried out by Landlord Action has...