Science Student

Registered with Property118.com
Tuesday 5th January 2016


Latest Comments

Total Number of Property118 Comments: 3

Science Student

12:02 PM, 22nd December 2016
About 2 years ago

Impossible to Get a Remortgage?

Regarding the original posting, the numbers are tight but I think there are a handful of lenders that would fit however i'd encourage you to do so ASAP as lenders are changing their policy readily and I suspect most would have done so buy 3rd Jan.... Read More

Science Student

11:41 AM, 22nd December 2016
About 2 years ago

Impossible to Get a Remortgage?

Under the new PRA regulations, I understood that if you are remortgaging without capital raising ( ie not asking for any additional funds) you are not subject to the higher stress tests.

Eg if you get a mortgage today satisfying a 5.5% /1.25 stress test, then in 2 years time you can move to a new product with the same lender without satisfying a the higher stress test that would be in place for new borrowers.... Read More

Science Student

22:27 PM, 3rd February 2016
About 3 years ago

Ground Rent doubling every 10 years - when to sell

Would it be feasible to serve notice on the landlord requesting a lease extension under the act? This would give you 90 extra years on your lease and reduce the ground rent to 0. Of course the cost of the extension would depend on the current length of the lease, assuming it is relatively long ( circa 100 years) the effect of the rising ground rent would be relatively small.... Read More