Q: I have five flats in a residential development. The five flats generate rental income approx £105,000 per annum. With no agent fees. The value is £2,300,000 We have a interest only mortgage of £1,060′000 tracker at 1.8% above libor.

We also have a house which we live in valued £2,500,000 with a £1,500,000 interest only mortgage. We will return to their standard variable rate in August 2011. The income from this property is split: £150,000 from location shoots £20,000 holiday rentals. My wife and I also work separately, both freelance, Income approximate  £60,000. We have up to date books for all our income.  Although our profit for this year has been reduced by offsetting previous borrowing. My question is would it be possible to obtain a Competitive interest rate for part or all of our properties with a mortgage provider or a private bank.

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Q. I am looking for a 65% mortgage on a property worth £995K and I need to proceed quickly. I am self employed with an asset of £3m with a current debt of £1.1m.The net profit last year was £93k (£117k excluding depreciation of £24k). Can you assist with this? Many thanks.

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Q: I have a £400k deposit and want to borrow £1.2 – 1.3m, is this possible?

A: Yes, if you’re putting £400,000 deposit into a purchase for £1,300,000, then it comprises a deposit of 31% of the price. Because the lending is below £1,000,000, then we could look to both high street lenders and private banks. 
Some banks might require you to arrange the loan on a capital & interest (repayment) basis, and others would allow an interest-only facility as long as you have a sound repayment strategy. In the absence of other personal debt, most banks would expect you to have an annual gross incoem of at least £200,000 to £250,000 to qualify for a mortgage of £900,000.

Q: I currently have a large mortgage of £320,000 on my main home ( value £400,000 ). I have a second property in the UK with no mortgage, which i bought with my parents and is held in trust for me ( value £120,000 ). I have 2 properties in bulgaria with no mortgages ( value £100,000 ).I also have a villa in florida with a mortgage of £164,000 ( value £100,000? ). My question is, are there any lenders that look at your overall equity on several properties as the LTV for your main home?

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Q: We took out a 100% mortgage in April 2008 (just before the products were withdrawn from the market) and I belive the property value has retained its purchase price due to its location – which is around £378k.

We have now moved from the fixed to tracker rate (C&G) and so whilst our repayments have come down a significant amount we are aware this will not last.

Question;  We have around 20k in savings – do we use this to pay off some of the Mortgage loan and start to bring our loan to value down, or do we invest these funds in the event the rate rises so much that we cant meet repayments and risk losing the house and any funds paid off.

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