The Blog

Are you, your friends or family struggling to remortgage? Our in house mortgage advisor can help! There is a new mortgage offer in place whereby the basic criteria is: Must be married, you can use your partners income to top up how much you can borrow. Borrowing up to 70% loan to value Best part is, your partners income does not need to go on the mortgage or application. How does it work? Illustrative example: Mr Smith buys a property in his sole name with an income of £30,000.00 per annum, Mrs Smith is not named on the mortgage however earns £20,000.00 per annum, we use 50% of Mrs Smith income within the affordability. A total income of £40,000.00 to be used in the affordability based on 2 adults living at the property. Miss Johnson wants to remortgage her property and has an income of £45,000.00 per annum, her partner Mr Taylor who is not named on the mortgage but living at the property earns £35,000.00 as a self-employed plumber. A council tax bill is provided as evidence that Mr Taylor resides at the property. £62,500.00 to be used in the affordability Get in touch today to speak to our inhouse mortgage advisor.

We have a property maintenance reporting app, FixFlo. Please fill in as much information as possible on the app and our Property Management team will be in touch! Maintenance Request: https://morganpayneknightly.fixflo.com

A buy-to-let mortgage is a type of mortgage specifically designed for individuals who want to purchase a property with the intention of renting it out to tenants. This allows investors to generate rental income and potentially benefit from property value appreciation over time. Here's how buy-to-let mortgages generally work: Property Purchase: As an investor, you'll need to find a property that you believe will attract tenants and generate rental income. Financing: Instead of a traditional residential mortgage, you'll apply for a buy-to-let mortgage. The eligibility criteria and terms might differ from residential mortgages, often requiring a larger down payment (typically around 20-40% of the property's value). Rental Income: Lenders will often assess the potential rental income of the property as part of their decision-making process. This income will help determine the amount you can borrow and your ability to repay the mortgage. Interest Rates: Buy-to-let mortgage interest rates can vary and might be higher than residential mortgage rates due to the higher perceived risk for lenders. Repayment: There are two primary types of buy-to-let mortgages: interest-only and repayment. With an interest-only mortgage, you pay only the interest each month and the principal (the original loan amount) remains unchanged. With a repayment mortgage, you pay both the interest and a portion of the principal, gradually reducing the loan balance. Risk and Return: Buy-to-let investments come with risks such as property market fluctuations, vacancy periods, maintenance costs, and potential difficulty finding reliable tenants. However, successful investments can provide a steady stream of rental income and potential capital appreciation. Lender Requirements: Lenders may have specific requirements for buy-to-let mortgages, such as a minimum rental coverage ratio (the rental income should cover a certain percentage of the mortgage payment) and restrictions on the types of properties they will finance. Consulting with financial advisors, mortgage brokers, and tax professionals can help you make informed decisions based on your financial goals and circumstances. If you would like to book a free meeting with our inhouse mortgage advisor, please get in touch today.

Attention all landlords Is your property currently an E,F or G EPC rating? If so, we've got options to help you get to a minimum D rating FREE OF CHARGE! Get in touch today to find out more!

Our team had a busy day on Tuesday 27th June filming for Homes Under the Hammer. We went out to two properties for an initial valuation and offered our professional advise on what we think both properties would be worth renovated. We will be live on TV in September 2023. Watch this space!

There are several types of commercial properties, each serving different purposes and catering to specific business needs. Here are some common types of commercial properties: Office Buildings: These properties are designed for office-based businesses and include high-rise office towers, business parks, and single-tenant or multi-tenant office complexes. They often feature amenities like conference rooms, elevators, parking facilities, and common areas. Retail Spaces: Retail properties are intended for businesses engaged in selling goods or services directly to consumers. They can range from small storefronts in shopping centres to large malls and standalone retail buildings. Retail spaces may include shops, boutiques, supermarkets, department stores, and restaurants. Industrial Properties: Industrial properties are used for manufacturing, production, warehousing, and distribution purposes. They can include factories, warehouses, distribution centres, industrial parks, and flex spaces. These properties often have features like loading docks, high ceilings, and specialized equipment to support industrial operations. Hospitality Properties: These properties cater to the hospitality industry, providing accommodation, dining, and entertainment services. They include hotels, motels, resorts, bed and breakfast establishments, and vacation rentals. Hospitality properties may feature guest rooms, restaurants, bars, event spaces, and recreational facilities. Medical Buildings: Medical properties are specifically designed for healthcare-related services and facilities. They include hospitals, medical office buildings, clinics, outpatient centres, and specialized healthcare facilities. These properties often have specialized infrastructure, such as examination rooms, laboratories, and medical equipment. Mixed-Use Developments: Mixed-use properties combine different types of commercial properties with residential or entertainment components. They create integrated communities that offer a mix of residential, retail, office, and recreational spaces within a single development. These properties aim to provide convenience and a live-work-play environment. Special Purpose Properties: Special purpose properties are designed to serve specific functions or industries. Examples include educational institutions (schools, colleges, universities), religious facilities (churches, temples), recreational facilities (gyms, sports complexes), and government buildings (courthouses, municipal offices). These are just a few examples of the types of commercial properties available.

List your property on our exclusive MPK Auction Day with Higgins Drysdale National Property Auctions Closing date: Friday 2nd June Auction date: Friday 30th June Contact us today to register your property or find out more!

Below is the latest news from James', a local student we have sponsored with his trip to Kenya 2024. Quiz Night fundraiser for Kenya 2024 As well as Morgan Payne & Knightley’s amazing sponsorship support for my Kenya 2024 volunteering expedition with Camps International, I am also organising lots of fundraising events. On Friday 28th April, my best friend and I hosted a Quiz Night for family and friends. We hired a local village hall and spent Friday afternoon setting out the tables and chairs while our mums stocked up the bar! Over 80 people bought tickets and came along. Jake and I wrote all the questions and tried to make it lots of fun with rounds like Hits-From-The-Movies, Guess-The-Jelly-Bean-Flavour, Emoji Landmarks and Celebrity-Picture-Round! Being Quiz Master was quite stressful but also really great fun – except for some of the really difficult pronunciations! We also ran an amazing raffle with lots of fantastic, donated prizes including some Tanners Wines and Bannatyne Spa Vouchers! It was a resounding success and because of people’s generosity we raised even more than we’d hoped! It was really encouraging to see our friends and family support us and have fun at the same time. I was proud to wear Morgan Payne & Knightley’s logo on my t-shirt, and to spend time explaining to people about their support and the trip. It was a great evening and we were both was really grateful for everyone’s kindness in helping us raise funds for Kenya 2024, a 4-week expedition with Camps International to volunteer on community, environmental and wildlife development projects. I am hugely grateful to Morgan Payne and Knightly for their incredible support. I am also doing lots of other fundraising activities – next up is a 2-day sponsored hike of the Shropshire Way!