Islay Robinson

Enness Private Clients

  • 314 canterbury court
  • London, Greater London, SW9 6DE
  • 92.86% of answers helpful
  • 14 posts

Contact

Send an Email

Specialisms

No provided specialisms

Payment

Options:
  • Fee
  • Commission

Qualifications

Level A Qualifications:
Level B Qualifications:

Expert Financial Adviser Answer
Islay Robinson
answered 2 years ago
This used to be true, but there are no lenders at the moment who will base your mortgage based on expected earnings.
100% Helpful
report abuse
Expert Financial Adviser Answer
Islay Robinson
answered 1 year ago
the Association of british insurers has a decent calculator for this, It will also be detailed on your last mortgage valuation report
100% Helpful
report abuse
Expert Financial Adviser Answer
Islay Robinson
answered 2 years ago
try 'International Private Finance' - we refer our international purchasers to them and they are very good.
100% Helpful
report abuse
Expert Financial Adviser Answer
Islay Robinson
answered 2 years ago
If you intend to use the flat as an office you will need to find a commercial lender and the loan will be based on your companies income. Your current lender will be the the best place to start
100% Helpful
report abuse
Expert Financial Adviser Answer
Islay Robinson
answered 2 years ago
Most 'sub prime' mortgages are only available from specialist lenders and most are available from brokers only. do your research and expect to have to contribute at least 30% of the purchase as loan to values are still low. Some lenders to look at are Kensington& Aldermore or Blemain
100% Helpful
report abuse
Expert Financial Adviser Answer
Islay Robinson
answered 1 year ago
Yes, you will pay tax on the rental income received, the interest part of any mortgage and some other expenses can be offset however
100% Helpful
report abuse
Expert Financial Adviser Answer
Islay Robinson
answered 1 year ago
No, not at all. Your payments will stay the same (provided you have a guaranteed premium policy & you make all your payments etc). It is the sum assured (death benefit) which decreases according to how the policy is set up.
100% Helpful
report abuse
Expert Financial Adviser Answer
Islay Robinson
answered 2 years ago
You should speak to you lender in the first instance - many lenders offer 'product transfers' which is a new fixed or tracker mortgage which will save you having to move onto the standard variable rate and usually cheaper than remortgaging.

In terms of self cert mortgages, yes they have (all but) gone, if you can prove your income using accounts, tax returns and bank statements, you have a loan to value less than (usually) 75% and your mortgage is affordable a good mortgage broker will be able to find you a mortgage
100% Helpful
report abuse
Expert Financial Adviser Answer
Islay Robinson
answered 2 years ago
Most flexible mortgages are linked to the base rate, occasionally you will see them kinked to Libor or the lenders standard variable rate. How the mortgage works is always detailed in the key facts illustration.
100% Helpful
report abuse
Expert Financial Adviser Answer
Islay Robinson
answered 1 year ago
Yes you can - you need to contact your insurer or financial adviser and they will send you the forms, it is quite simple but make sure you get advice before you sign anything
100% Helpful
report abuse
Expert Financial Adviser Answer
Islay Robinson
answered 1 year ago
Every mortgage is different and whether it is the best is based on your circumstances. have a look at a comparison site or speak to a good mortgage broker.
100% Helpful
report abuse
Expert Financial Adviser Answer
Islay Robinson
answered 1 year ago
You will need 10% of the purchase price, so £20,000, plus money for legal fees, arrangement fees, valuation and moving costs.
100% Helpful
report abuse
Expert Financial Adviser Answer
Islay Robinson
answered 1 year ago
Almost all mortgages are available as interest only. Some lenders charge a slight premium if you choose to pay interest only as opposed to capital and interest.

Although your payments will be lower, you will still have to pay back the capital part of the mortgage at some point which you have to bare in mind.
100% Helpful
report abuse
Record a videowith your webcam Upload a videofrom your computer
loading webcam ...
When done recording, press "Save" on the player to submit your question.
Cancel
Cancel

up to 50 MB as avi, mov, mpeg4 only


close
Tell a Friend

Related Financial Advisory Firms

Drewberry Insurance
Holder and Combes
Elite Mortgage Finance
Investment Box Ltd
Cb Richard Ellis Collective Investors Limited

Recently viewed Financial Advisory Firms

2 Plan Wealth Management & IFA
Altior Vita
Anthony Knight Associates Limited
AC Wealth Management
Cb Richard Ellis Collective Investors Limited
Compass Friendly Society Limited
Crocus Home Loans Limited