Hi,

Do any of the lenders that you work with provide adverse lending for properties in Northern Ireland?

My wife and I declared bankruptcy in February 2014 and were discharged in February 2015. We have money for a deposit but are struggling to find a lender. Many of the companies I have spoken to will not lend to applicants in Northern Ireland. Can you help?

Niall

Hi,

I have a buy to let mortgage and we are looking to re-mortgage to a residential mortgage to enable us to live in the property. The problem is I have just completed an IVA. My current provider does not do residential mortgages. Will I be able to obtain a high street mortgage?

Ian

Hi,

I currently have a mortgage with Bank of Scotland on a consent to lease basis. I need to move to a buy to let mortgage. However I am encountering lots of obstacles. Is this something you can help with?

Thanks, Sabah

Ask the Specialist response:

Hi Sabah, 

Thanks for your enquiry.

Capital Fortune assist a number of clients that have had consent to lease with their existing mortgage provider and now need to move to a mortgage lender who are prepared to allow them to let a property in the longer term.

Some mortgage lenders within the market will only lend to experienced landlords and unless you have a current buy to let mortgage they would deem you to be a first time landlord. A lot of clients often tell us that they are also under a lot of duress and pressure by their existing mortgage lender as they undertake the change as well.

If you just wish to obtain an indication on whether we are able to assist you, given your specific circumstances, I'd recommend speaking to one of our Advisers on 02077100400 or send us an enquiry online and one of our Advisers will call you back.

Capital Fortune

Hi,

I am a self employed property professional. My main residence was purchased via BVI company and I need to now sell it from the company to my self with a transfer of equity. It is worth £1.2m and I have a mortgage on it for £485,000. I have an excellent credit file. My difficulty is my income. I have reported net profit of £101,365 however this is made up of a capital gain added to my income from selling a london property. I have £20,530 retained profit from a uk Ltd co that can be added. so far underwriters won't take my income into account. Do you have a lender that will take it or base their decision on my bank statements. My future income is good as I have started a new property business with £160,000 going through my bank account.

Many thanks, Barry

Ask the Specialist response:

Barry, 

Thanks for your email.

Although it is not unusual for us to have assisted clients who have owned properties via a company in the British Virgin Islands, your circumstances may be challenging.

Typically, we tend to find that although self employed property professionals declare their tax position, we can only utilise the net profits from the company rather than any capital gains for mortgage affordability purposes. My greatest fear is that the only tax forms we can use one's income from will be an SA302 rather than SA105 or SA108s which we sometimes find property developers use.

It may be worth giving a call to one of our advisers on 020 77 100 400 if you are able to meet the above criteria and one of our specialist advisers will be able to outline what you may or may not be able to achieve.

Capital Fortune