ukmoneyman

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August 2023 – Bank of England Raises Interest Rates From 5% to 5.25%

Learn more about the interest rate increase this week, with our monthly market update newsletter. Find out what it means for your mortgage and how we can help.

Read Here: https://ukmoneyman.com/aug-23-mortgage-market-update/

#InterestRates #MarketUpdate #Mortgages

[ukmoneyman]

I Bought an HMO in Shrewsbury!

Hello everyone,

I am excited to share my recent experience of purchasing a House in Multiple Occupation (HMO) property in Shrewsbury.

As a property investor, I have been interested in the HMO market for a while, and I finally decided to take the plunge and purchase one myself. After doing some research, I found that Shrewsbury had a growing rental market with a high demand for affordable housing.

I started looking for HMO properties in the area, and after a few viewings, I found the perfect property. It was a large Victorian house, which had been split into six self-contained flats, each with their own bathroom and kitchenette.

One of the things that attracted me to this property was its location. It was close to the town centre, which meant it was in a convenient location for potential tenants. The property was also in good condition, which meant that I wouldn't need to spend too much on renovations before letting it out.

After making an offer, I worked closely with my mortgage advisor to secure the right finance for the purchase. As a property investor, I know how important it is to have the right finance in place, and I was grateful for the help and advice that my mortgage advisor provided.

Once the purchase was complete, I began to renovate the property to bring it up to a high standard. I added some new furnishings and appliances to make each flat more attractive to potential tenants.

Now, I am pleased to say that the property is fully let, and it's providing a good rental income. Being a landlord can be challenging, but with the right team of professionals around you, it's a rewarding and profitable venture.

If you're considering purchasing an HMO property in Shrewsbury, it can be helpful to work with a mortgage broker who is familiar with the local market. A mortgage broker can help you navigate the process of securing financing for your investment property and may be able to connect you with lenders who offer specialised HMO mortgages.

A mortgage broker can also assist you in comparing mortgage products, and help you identify the best terms and rates available. They can also provide advice on other financial considerations, such as tax implications, insurance requirements, and property management costs.

Another benefit of working with a mortgage broker in Shrewsbury is that they can help you navigate the complex process of obtaining a mortgage, including the paperwork and documentation required. They can also provide guidance on meeting the lender's eligibility requirements, which can be particularly important when purchasing an HMO property.

Overall, a mortgage broker can be an invaluable resource when purchasing an HMO property in Shrewsbury. By working with a knowledgeable and experienced broker, you can feel confident that you are making informed financial decisions that will help you achieve your investment goals.

Thank you for reading, and I wish you the best of luck with your property investment journey.

Best regards,

Paul McDougal

[ukmoneyman]

What is a buy to let? How do they differ from standard residential mortgages? What factors do you need to consider before taking one out?

Learn more in our new article today: https://ukmoneyman.com/buy-to-let-mortgages-explained/

[ukmoneyman]

If you're reaching the end of the fixed period of your mortgage, you may be wondering what other options you have. Here we have put together a helpful article detailing what a remortgage is, why people look to do this and what types of mortgage you may have to choose from.

Learn More: https://ukmoneyman.com/what-is-a-remortgage/

[ukmoneyman]

The One Thing ALL Homeowners Must Do This January!

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9 Questions to Ask When Buying A House in Cardiff

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[ukmoneyman]

Well Done to Chloe! 🏆 Another apprenticeship completed at UKmoneyman 🎉 #proudemployer #topteam (at UK Moneyman - Mortgage Broker) https://www.instagram.com/p/B9og6OsADr3/?igshid=ywnbrjcfwd4v

[ukmoneyman]

Tune into @bbcradiohumberside tonight at 5:30pm to hear our own Malcolm Davidson talk to David Burns about the 2020 Budget and how it applies to the UK Property Market! You can find it online, at 95.9FM on your radio, or on the BBC iPlayer Radio app, available on all app stores. #Radio #BBC #BBCRadioHumberside #2020Budget #2020 #Budget #PropertyMarket #Invest #DavidBurns #Burnsy #MalcolmDavidson #InterestRates (at UK Moneyman - Mortgage Broker) https://www.instagram.com/p/B9mcNFlgsdw/?igshid=1poprxhzmvots

[ukmoneyman]

The latest MoneymanTV video is live. This time Malcolm discusses his approach to making home purchase commitments with a friend and the disadvantages this may have towards your future.

[ukmoneyman]

Our 'Moneyman' Malcolm Davidson talks about obtaining a Mortgage whilst on a low wage & Tax Credits whilst looking into what Lenders really take into account in this situation 🤔

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We love hearing back from customers! It’s an Amazing Feeling knowing that we have helped our customers walk into that perfect home ❤️ #Home #Mortgage #TopTeam (at UK Moneyman - Mortgage Broker) https://www.instagram.com/p/B9UJ2StAgr-/?igshid=8pz6ebxkwzuu

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UK Moneyman’s very own @kayleigh_steward & @joe_dewsbury prepping for the pub quiz later tonight! #TopMortgageTeam #TopQuizTeam (at UK Moneyman - Mortgage Broker) https://www.instagram.com/p/B9RwphLAz3W/?igshid=1ohjijdocbjeo

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Is your Mortgage Rate too high? Our 'Moneyman' Malcolm Davidson is here to discuss the standard rate of interest versus introductory deals that Lenders offer.✔

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“Handled” that well... #FridayFun #WorstInterviewEver #MoneymanMishaps #NeverADullDay #YourMortgagesWillWorkBettetThanThisDoor (at UK Moneyman - Mortgage Broker) https://www.instagram.com/p/B9HSZqeAmax/?igshid=11r5myhiintf9

[ukmoneyman]

‘The Moneyman’ Malcolm Davidson discusses how much it costs to purchase a property. Subscribe here: https://www.youtube.com/channel/UCqua... Follow us Online for News and Updates: https://www.twitter.com/md_moneyman https://www.facebook.com/ukmoneyman http://www.instagram.com/ukmoneymanmo... https://ukmoneyman.com/ More from Moneyman TV on YouTube: https://www.youtube.com/channel/UCqua... Check out our Mortgage Guides: https://ukmoneyman.com/mortgage-guides All views are purely that of Malcolm Davidson & do not constitute professional mortgage advice. Moneyman TV provides video coverage of the Mortgage Industry with the purpose of informing the consumer. Topics covered refer to popular mortgage situations presented by real customers on a regular basis, including First-Time Buyers, Remortgages, Home Movers and more. UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority. UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.