UK Mortgage. Gordon Franks, Lifestyle & Jasper Yeung, LCP Lawyers

UK Mortgage. Gordon Franks, Lifestyle & Jasper Yeung, LCP Lawyers

This is the second of the three-part episodes we filmed with 3 different experts covering the newest 2021 updates of the UK real estate market. Learn more about obtaining a mortgage in the UK, tips on doing taxes, and what to be aware of when investing in UK properties. 

Today’s episode is about obtaining a mortgage in the UK. We interview Gordon Franks at Lifestyle Brokers – a mortgage brokerage that sources international mortgages and offers loan comparison from 40 banks and lending institutions worldwide with over 15 years of experience, and Jasper Yeung at LCP Lawyers – a professional law firm in Hong Kong, providing dynamic services to clients for over 30 years. 

Through this episode, you can get a detailed explanation on how to obtain a mortgage in the UK, what to be aware of, and key terms to look out for within loan documents and the property’s lease agreement. This is going to be amazing for those of you who might be interested in investing in the UK. Please share this video with anyone who might be interested and we hope you enjoy the show!

這一集涵蓋了很多好的提示,當談到獲得抵押貸款投資英國的財產,特別是首次投資者。我建議看這段視頻幾次,以瞭解過程和關鍵術語。在貸款檔案中有更多的細節,以及如何獲得最好的抵押貸款。如果你需要幫助,我建議你去找賈斯珀和戈登。你可以在節目單上找到他們的聯繫方式。這是我們與3比特不同的專家拍攝的三集中的第二集,涵蓋了2021年英國房地產市場的最新更新。瞭解有關在英國獲得抵押貸款的更多資訊,稅務提示,以及投資英國房產時應注意的事項。

今天的節目是關於在英國獲得抵押貸款。我們採訪了Lifestyle Brokers的Gordon Franks和LCP Lawyers的Jasper Yeung,前者是一家抵押經紀公司,負責國際抵押貸款,並提供來自全球40家銀行和貸款機构的貸款比較,擁有超過15年的經驗;後者是一家專業律師事務所,在香港為客戶提供了超過30年的動態服務。

通過本期節目,您可以詳細瞭解如何在英國獲得抵押貸款,需要注意的事項,以及貸款檔案和房產租賃協定中需要注意的關鍵條款。這對你們中那些可能對在英國投資感興趣的人來說將是驚人的。請與任何感興趣的人分享這個視頻,我們希望你喜歡這個節目!

Key Discussions

This episode covers a lot of good tips when it comes to obtaining a mortgage for investing in UK properties, especially for first-time investors. I suggest watching this video a few times to understand the process and key terms. 

There are more details in the loan document and how to land the best mortgage you can get. If you need any help, I suggest reaching out to Jasper and Gordon. You can find their contact information in the show notes.

  • Should You Acquire a Mortgage
  • What Buyers Should Be Aware Of
  • Mortgage & Lease Key Terms

這一集涵蓋了很多好的提示,當談到獲得抵押貸款投資英國的財產,特別是首次投資者。我建議看這段視頻幾次,以瞭解過程和關鍵術語。

在貸款檔案中有更多的細節,以及如何獲得最好的抵押貸款。如果你需要幫助,我建議你去找Jasper和Gordon。你可以在節目單上找到他們的聯繫方式。

  • 您應該獲得抵押嗎
  • 買家應注意的事項
  • 抵押與租賃關鍵條款

▶ About the guest:

Gordon Franks is the Managing Partner of Lifestyle Brokers in Hongkong. Primarily focusing on helping Hong Kong residents to purchase properties overseas with a focus on the UK, Lifestyle Brokers do not only source the properties but also help arrange finance and provide full turnkey solutions.

▶ Connect with the guest

▶ Source & Supporting:

Mortgage A mortgage is a loan that the borrower uses to purchase or maintain a home or other form of real estate and agrees to pay back over time, typically in a series of regular payments. https://www.investopedia.com/terms/m/mortgage.asp 

Loan-to-value ratio The loan-to-value (LTV) ratio is an assessment of lending risk that financial institutions and other lenders examine before approving a mortgage. https://www.investopedia.com/terms/l/loantovalue.asp 

Inheritance tax An inheritance tax is a tax imposed by certain states on those who inherit assets from the estate of a deceased person. Its tax rate depends on the state of residence, the value of the inheritance, and the beneficiary’s relationship to the decedent. https://www.investopedia.com/terms/i/inheritancetax.asp 

Memorandum of sale (property) A memorandum of sale is a simple document containing written confirmation of every important detail of a property transaction. It is drafted by an auctioneer, home buying company or estate agent after a sale agreement. The document is then sent via email or post to solicitors representing the seller and buyer. https://www.myconveyancingspecialist.com/2020/11/13/memorandum-of-sale-what-you-need-to-know/#:~:text=A%20memorandum%20of%20sale%20is,representing%20the%20seller%20and%20buyer

Condition survey  A condition survey is a detailed inspection of a building in order to establish its maintenance and repair condition at that time. It is done at a level that surveys each building element, describing it and providing detail of its current state. https://www.metcalfebriggs.co.uk/survey-type/condition-survey#:~:text=A%20condition%20survey%20is%20a,detail%20of%20its%20current%20state

Leasehold Leasehold is an accounting term for an asset being leased. The asset is typically property such as a building or space in a building. The lessee contracts with the lessor for the right to use the property in exchange for a series of scheduled payments over the term of the lease. https://www.investopedia.com/terms/l/leasehold.asp#:~:text=Leasehold%20is%20an%20accounting%20term,the%20term%20of%20the%20lease

Freehold A freehold property is one, where the owner/society/residents’ welfare association owns the building and the land that it stands on outright, in perpetuity. Freehold land is generally bought through an auction or lottery. The completed project, thus, will include the cost of the land incorporated in the final cost of the units. https://housing.com/news/real-estate-basics-freehold-property/ 

Ground rent provision Ground rent is a contractual rental payment for the occupation of part of an area of land and anything occupying that space.  If you fail to pay your rent then the freeholder of the land could reclaim your property as their own for breaching the contractual agreement. https://www.realtymgt.co.uk/contact/frequently-asked-questions/what-is-ground-rent/ 

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Alright, let’s get back to the transcript of the show. Enjoy!

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