Mortgage talk: Residential, buy to let and more

Mortgage talk: Residential, buy to let and more

Bob Singh is the Founder of Chess Mortgages and CEO of a new Online Hybrid Estate Agency model, created to help mortgage brokers boost their income stream by offering clients estate agency services. A pragmatic and versatile finance and real estate professional, Bob is an expert in residential and commercial finance and a will writer and estate planner as well.

In this iMoney Show series, the multi award-winning mortgage broker tackles a range of personal finance matters, with a focus on mortgages.

*Please Note: Past performance is not a guarantee of future performance. All investments can fall as well as rise in value and you can lose some or all of your money. Additionally, this podcast does not constitute an investment recommendation.

Episode 1

Fixed rate, variable or tracker mortgage?

A residential mortgage is a large long-term loan taken out by one or more individuals to buy a home to live in. In this episode, the financial expert explains how whether you are a first-time buyer, moving home or re-mortgaging, this is the type of mortgage you will need. Depending on what is best for your circumstances, you can choose between fixed rate, variable or tracker mortgages.

Episode 2

All about Buy-to-Let mortgages

In this episode, the mortgage adviser focusses on Buy-to-Let mortgages, which are designed to help you buy a property that you intend to rent out to other people, rather than to live in. The amount you can borrow usually depends on the rental income you expect to earn from tenants, although other income may be considered in some circumstances. Typically, you’ll need a higher deposit amount for a buy-to-let mortgage. Listen on for some great advice and practical tips for landlords.

Episode 3

How do Bridging and Development Loans work?

Bridging and Development Loans were originally designed to help people complete the purchase of a property before they have sold their existing home. This short term funding option can “bridge” the gap to give more flexibility.

In this episode, the mortgage expert explains how bridging loans are now often used to purchase properties that could not be purchased with a standard mortgage. You may wish to consider bridging finance when wanting to purchase and “do-up” a property, before re-financing or selling on. It is also very useful when speed is essential, such as purchasing at auction or being let down last minute with other finance options.

Episode 4

All eyes on interest rates: Will they go up?

Interest rates have remained at record low of 0.5 per cent since March 2009. With the UK economy still struggling to recover from one of the longest recessions on record, what’s in store for interest rates?

In this episode, the finance expert delves into the dilemma faced by the Bank of England amid a slow and sluggish economic recovery. Unemployment is still high and the government’s austerity measures, spending cuts and tax rises are likely to keep spare capacity in the economy. So, as we draw closer to the end of the year, what does 2022 look like?

Episode 5

The Budget and its effect on the Housing Market

In this episode, Bob weighs up how the recent Autumn Budget contained no surprises and was relatively underwhelming in terms of announcements on matters that will immediately affect the residential property market. He explains how we should look ahead to the Bank of England Monetary Policy Committee meeting in November, when an interest rate rise is almost certain to be agreed, and the handful of measures that do concern the property industry.

Episode 6

Your business finance questions answered

Business finance is a range of financial products specifically designed to help with the running of a business. This ranges from something as basic as a business bank account to more significant commitments, such as a commercial mortgage. In this episode, our expert focusses on access to finance for businesses who need help raising funds for growth, commercial mortgages, property development and business loans.

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