The quick answer Bridging loan how it works comes down to three things working together: a temporary funding gap, property security and a credible exit. A bridge is short-term finance secured against property. It covers the period between money being needed and the...
You’ve found the place. Offer accepted. Solicitor instructed. Then someone mentions the stamp duty bill and a number arrives that you weren’t quite ready for. It happens more often than you’d think — not because buyers are careless, but because stamp duty sits in that...
For a buyer whose offer has just been accepted, confusion often starts with the mortgage valuation vs survey distinction because both checks can happen around the same stage of the purchase. They are not doing the same job. The lender is deciding whether the property...
What are Serco and Mears landlord schemes? Serco and Mears accommodation schemes represent a specific type of letting arrangement that requires careful mortgage planning for UK property investors. These are long-term contracts where a property is leased to a large...
At Oakstead Finance, we work with Co-operative Bank regularly and have a practical understanding of how the lender approaches applications. Co-operative Bank allows existing customers to port their mortgage to a new property, but the underwriting process requires a...
