furlough advance against HMRC rebate

Furlough Payments – Funding The Delay

Furlough Payments – Funding The Delay The HMRC portal for furlough payments opened this week and saw 140,000 applications inside the first 24 hours. With the delay between the launching of the furlough initiative and the application portal opening at HMRC many companies will already have paid two months salaries with no tangible income. We
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CIS contractors construction VAT

CIS VAT Changes & Financing The Cash Flow Issue

CIS VAT Changes – Cash Flow & The VAT Gap From 1st October the new rules on responsibility for paying VAT and how VAT is handled comes into force. If you want to understand how these changes work and what you should do then speak to your accountant, this article looks more at the potential
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buy to let mortgage

Limited Company Buy To Let – Why You Can Borrow More

Limited Company Buy To Let There has been a significant increase in buy to let lending within limited companies. One of the major reasons is that with everything else being equal, the borrower can borrow more as a limited company than they can as an individual applicant. Most applicants understand this and take it as
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Mortgage payments as percentage of income

Family Mortgages & Gifted Deposits

Family Mortgages & Gifted Deposits House prices in the UK have risen sharply over the last 20 years, no great surprise there. Wages have grown less sharply. In the same 20 year period mortgage payments have risen from 20% of take-home pay to 35% of take-home pay. In London, this reaches 64%. These two graphs
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Closed Sign

Magellan Homeloans Closing – What It Means For Buy to Let

Magellan Homeloans The announcement by Magellan Homeloans that they are closed to new business generates some interesting questions about the future of buy to let lending, it also begs the questions of what comes next and whether this is the start of a new trend. Matt Gilmour, CEO of Magellan Homeloans said; “The competitive landscape
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Open Banking Explained

What is Open Banking?

What is Open Banking? In 2016 The Competition & Markets Authority undertook a review into the UK banking sector and looked at the barriers facing new entrants. For a long time, the major traditional players were able to put up high barriers to new entrants and it was felt this stifled innovation and choice for
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listed property mortgage hove east sussex

Listed Property – Tips on mortgaging

Lending For Listed Property It may be a surprise to realise that many buyers don’t realise the property they are looking at acquiring is listed. For those that own property outright who then look to remortgage often only find out about it being listed someway down the line, usually after costs have been incurred. This
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