When you’re applying for a mortgage, interest rates aren’t just numbers on a page — they’re what determine how much your monthly payments will be, and how much you’ll pay overall. At Riviera Mortgages, we understand how important it is to lock in the right rate — and to do it at the right time. That’s why one of the key ways we support you during the mortgage application process is by monitoring lender rates constantly. Our aim? To make […]

For years, many would-be homeowners have faced a frustrating hurdle: being able to pay rent but not qualifying for a mortgage. But in a welcome shift, several UK lenders are now increasing mortgage affordability for first-time buyers, helping more people take that crucial step onto the property ladder. And here at Riviera Mortgages, we think that’s a step in the right direction.   What’s Changed? Lenders are adjusting their affordability models — that’s the formula they use to decide how […]

If you’ve recently watched the BBC Panorama exposé on estate agents, you may be feeling a bit wary about the homebuying process. The documentary uncovered unsettling “conditional selling” tactics, where buyers who agree to use in-house mortgage or conveyancing services are prioritised over others. This type of practice undermines fairness and transparency in the property market. That’s why using an independent mortgage broker isn’t just a perk – it’s essential.   📌 What the BBC Panorama Investigation Revealed Estate agents […]

✅ The Upside of Buy-to-Let Steady Rental Income With strong tenant demand, especially in high-rent areas, rental income can cover your mortgage payments and potentially generate profit Long-Term Capital Growth Historically, UK property has appreciated over time. While growth has slowed since 2016, capital gains remain a long-term benefit t. Leveraging Loans to Grow Wealth A mortgage allows you to invest with borrowed capital, potentially expanding your portfolio more quickly. Tax-Deductible Expenses Landlords can deduct costs such as maintenance and […]

Buying a home can feel a little overwhelming. Whether you’re stepping onto the property ladder for the first time or considering a move in 2025, the housing market throws up a lot of questions. Is now a good time to buy or sell? What kind of property should you go for? Can you afford it, and if so, how much should you really stretch? At Riviera Mortgages, we’ve been helping clients answer these questions for over 30 years. We know […]

Among the most popular properties in Torquay right now are terraced houses. Combining affordability, character, and central locations, these homes offer great value – especially for younger buyers or those getting onto the property ladder for the first time. With average prices around £237,000, terraced properties provide an accessible route into the market. They’re also ideal for those looking to be close to local schools, shops, and transport – something many buyers have prioritised since the pandemic.   How Riviera […]

Whether you’re exploring ways to supplement your income, planning for retirement, or looking to diversify your investment portfolio, purchasing a property to rent out can be an attractive option. However, investing in a rental property involves specific considerations, especially when it comes to securing a Buy-to-Let mortgage. This blog will guide you through the essentials of Buy-to-Let mortgages in the UK, outlining what you need to know to make informed decisions.   What is a Buy-to-Let Mortgage? A Buy-to-Let mortgage […]

When you’re entering the property market, whether as a first-time buyer or looking to remortgage, you’ll frequently encounter the term “Loan to Value” (LTV). Understanding what LTV means and how it impacts your mortgage options is crucial for making informed decisions. This blog breaks down the concept of LTV, explaining how to calculate it, why it’s important, and its implications on your mortgage application. What is Loan to Value (LTV)? The Loan to Value ratio is a critical financial term […]