It’s a sensible question – while in theory, lenders have to take steps to ensure you can afford to keep up the monthly repayments (as much for their own sake as yours), buyers can still end up saddled with a mortgage they can’t afford. There are a number of mortgage calculators online, such as the one provided by SPF, which…
Beginner’s guide to letting out a property
18 AugThere are lots of factors to take into consideration when letting your property out and if you’ve never done it before it can be a daunting task. Here are some of the things new landlords need to think about: You are legally required to inform your lender that you intend to let your property out. Some mortgages contain clauses which…