Whilst helping a friend work out the costs involved in raising a commercial mortgage recently I suggested that they use a commercial mortgage calculator. It turns out that this simple piece of advice actually involves a lot more work. With home loans it is quite easy to find a calculator which will quickly display the …
With all the claims and counter claims circulating about the turmoil within the finance markets it is difficult to establish what is really going on. Naturally the main authority figures within the finance industry are at pains to point out that the economy is strong and that the lending institutions within the UK are all …
There is a very good reason why commercial mortgage lenders always advertise their best commercial mortgage rate, they want to attract the maximum interest in their product range. The trouble is that when people start looking for a business loan they do not really know what makes a good commercial mortgage rate. It’s easy for …
Brokers and commercial lenders are reporting that demand for commercial mortgages remains strong. Although there continues to be much speculation about the future of the housing market in general the commercial property sector appears to be quietly carrying on regardless.The value of most commercial property is underpinned by the rental yield that it can generate, …
Although the majority of landlords will not accept tenants on Housing Benefit there are many landlords who will. This situation has the potential to change when the new rules affecting housing benefit take effect from April 2008. There is concern within housing charities such as Citizens Advice and Shelter that the new scheme could result …
The mandatory licensing of some Houses in Multiple Occupation (HMO’s) came in to force 18 months ago, however there is still some confusion over the different definitions of a HMO. The maximum fine for non-compliance with the law is a fine of up to £20,000, which means that it is imperative that landlords are made …