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First
Time Buyers / Remortgages
/ Buy-To-Let
Commercial / Overseas Mortgages
Green Mortgages / Self Employed and Company Directors
Adverse Credit-Sub Prime Mortgages |
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First Time Buyers Guide
The housing and mortgage market can be a bewildering place to a first time buyer. Firstly there are the trials and tribulations of finding a house (almost certainly your biggest ever purchase by some distance) and ensuring it is the right place to call "home" for the foreseeable future. Then once this massive decision has been taken, you are confronted by a sea of legal and financial complexities as you attempt to arrange a mortgage to pay for your new home.
Here at Moneytomove, we guide you through the process one step at a time, hopefully making your first home purchase a little bit easier and clearer.
- Renting versus Buying- Fact: with escalating house prices, it is becoming much harder for first time buyers to find a house. We consider the pros and cons of going after that first house.
- How much can you borrow - The first thing you need to do is work out how much you will be able to borrow. Once you know this, you can then begin to contemplate property.
- Finding a mortgage - We can provide you with full advice and a recommendation and search for the best borrowing product suited to your individual circumstances.
- House hunting - Advice on how to tackle the housing market, and information on the various facets of properties that you should think about when deciding on a home.
- Making an offer, exchanging contracts and completion - Working out how much to pay and if successful, getting the final bits to fall in place.
As well as our comprehensive first time buyer's guide, we suggest that you complete our mortgage enquiry form so that we can advise you on the current, competitive, first-time buyer deals available on the market. As many first-time buyers struggle to raise the necessary deposit required for a mortgage, we suggest that you let us take a look at the Income Multiples that you can get for both deposit based mortgages and 100% mortgages. This should, at the very least, help provide you with some ball-park figures when it comes to considering the interest rates and the fees that you will be expected to pay.
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Remortgages
Remortgaging is the process of recalculating the mortgage on your house, in order to get a deal which is better suited to your current financial circumstances.
This may involve maintaining existing levels of debt and simply "shopping around" for a better deal on interest or mortgage type, or may involve removing some equity from your house to help fund other investments or purchases. We have put together the following information to help give you further information on remortgages:
Why remortgage?
Advantages of a remortgage
Disadvantages of a remortgage
WHY REMORTGAGE?
There are numerous benefits to be had from a remortgage. In a nutshell, the key reasons for remortgaging are:
Find a better mortgage deal - Many people choose to 'shop around' at the end of their discount, fixed or capped mortgage period, in an effort to find a better deal and save money on mortgage interest.
Debt Consolidation - One of the biggest incentives for a remortgage is to consolidate your debt into one loan. If a mortgage is used, this can usually provide the lowest available interest rates for your debt.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Changing status from employed to self employed or vice versa - This can have an impact on your mortgage costs, as a regular employee income is liked by lenders, while self-employed individuals can benefit from a wide range of mortgages including self-certification mortgages.
Capital Raising - Many individuals will choose to remortgage to raise funds for other commitments and investments, such as home improvements, buying a second home, financing a buy-to-let investment property, buying a property overseas or to fund a business expansion.
At Moneytomove, our commitment is to try and offer consumers an informed choice. To help you accomplish this, please take a look at our further information on remortgages:
ADVANTAGES OF A REMORTGAGE
Getting a better rate - This is the obvious advantage of remortgaging, especially if it has been a few years since you last reviewed your mortgage. You should almost certainly be able to move to a more attractive rate compared to the one you are presently on. If you want to get a better idea of remortgage interest rates, we suggest that you contact us or complete our mortgage enquiry form.
Taking advantage of an improved credit score - This is more applicable if you have had credit problems in the past, or if you are a first-time buyer. Providing you have had a year of making your monthly mortgage payments on time, then you may now be viewed by financial institutions as a much better credit risk than you were before you moved.
This is particularly important for first-time buyers who have moved away from their parents' home, as the financial responsibilities of home ownership are much more substantial compared to living with parents. Although it takes six years for the complete removal of any CCJ (County Court Judgement) or other serious credit problems, as each year passes, you are more likely to move away from being penalised by banks that see you as a high credit risk.
The overall cost for comparison is 7.1% APR. The actual rate will depend upon your circumstances. Please ask for a personalised illustration.
Debt consolidation - This is perhaps the most popular reason for remortgaging. If you continue to pay out different amounts on your loans, credit cards and overdraft repayments, these are virtually always going to be at a higher interest rate than your mortgage. Even if you are able to take advantage of special offers, such as 0% interest, credit card balance transfers, these tend to only provide short-term solutions. Consolidation therefore has the double advantage of reducing your monthly loan repayments and reducing the interest rate that you pay.
Many debt-consolidation schemes come across as very attractive, helping borrowers to reduce monthly outgoings and maintain credit ratings if repayments are made on time, but they can have their drawbacks. Firstly, as it is secured against property, your home is at risk if you do not keep up repayments. Secondly, although the interest rate falls, the repayment period increases and this means that overall interest may remain the same or possibly even increase. When it comes to debt consolidation, you must not expect a remortgage to solve all your problems; you must address the underlying issues that led to the accrual of the debt in the first place, in particular your outgoings.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Changing the type of interest paid - If you are concerned about the potential for a rise in interest rates, you may prefer to remortgage to a deal which offers a capped or a fixed rate mortgage. You may also find that a mortgage which allows you to make additional payments or to take repayment holidays offers useful advantages. These are known as flexible mortgages.
Staying financially focused - For most people, their house is by far their largest asset and mortgage repayments are usually the largest outgoing after income tax. Staying on top of changes in interest rates and different mortgage packages which are available can enable you to stay focused on your most important financial commitments. This can then give the opportunity to make sure that you have the best deals on other areas as well. Once you have looked at your mortgage package, you might want to consider other financial factors, such as credit card interest, investments and pension payments.
Moneytomove is not authorised to provide advice in relation to investments and pensions.
Paying off your mortgage sooner -A remortgage deal may allow you to pay off your mortgage earlier by keeping your repayments the same but reducing your interest rate. Alternatively, you may be able to move to a flexible mortgage deal which allows you to make lump-sum payments or make larger monthly repayments, thus bringing forward the repayment of your mortgage balance.
DISADVANTAGES OF A REMORTGAGE
Paying fees and charges - The most obvious (and probably largest) fee will be the early repayment charge payable to your existing lender should you decide to switch your mortgage to another provider. You should always check to find out how large this charge will be, as it can vary greatly between mortgage lenders and products.
Other fees involved may include (but not be limited to) property valuation fees, legal fees, administration and arrangement fees and any other "unusual items". This is certainly something to think about before a remortgage, but remember that many lenders will offer to pay many and possibly all of these fees if you switch to them.
Potential loss of loyalty discounts - Some lenders, realising that borrowers remortgage after introductory periods to save money, now offer interest rate discounts as a way of retaining homeowners in the longer term. These are usually discounts based on the lenders standard variable rate (SVR). Some lenders have specialised teams within call-centres that will offer last-ditch deals to customers that threaten to remortgage with another provider, and many of these deals will not be advertised or be offered in branches.
However, many of these loyalty discounts can be poor value. In fact, with some competitors' these discounted rates can often be matched by the SVR's of low-cost competitors. The best option is usually to complete our mortgage enquiry form so that we can find a deal in the marketplace, that suits your individual circumstances and needs.
Time taken to arrange best deal - There is obviously the time involved in searching for the best mortgage deal. This can be greatly reduced by using a mortgage broker that can help you with your search. However, once the best mortgage for you is found, there can still be considerable delays while the various contracts are arranged. This can lead to a state of unease amongst remortgagers as they wait for all the changes to be carried out. This apprehension is understandable, after all, your mortgage is likely to be your largest financial commitment and you would obviously prefer it to be completed as soon as possible so you understand where you stand.
Temptation to spend "unearned" extra cash - This comes down to a combination of discipline and need. Sometimes there is a need to use money from your mortgage to pay for items that are not necessarily going to add to your equity. However, in many cases it is more likely to be a result of undisciplined spending. This does not necessarily mean the individual heads out to the local high-street on a reckless spending spree, but more likely ends up spending slightly larger sums of money over a time.
Longer repayment period - The beauty of consolidating debt or remortgaging is the idea that you can save money through a lower interest rate. This is certainly true, but the period of your loan and therefore the length of time you will pay interest must also be considered.
Even if a switch in mortgage leads to a noticeably lower APR (Annual Percentage Rate), if the remortgage leads to an increase in payment period of, say, 5 years, then the total interest paid on the mortgage can suddenly add up to a considerable sum. When remortgaging, it is imperative you bear this simple fact in mind: as well as rates, work out how much your total debt and interest obligations will be over the period of the mortgage.
We can compare the best remortgage rates currently available in the UK using our extensive knowledge of this market sector. This should help provide you with ball-park figures of the interest rates you can expect on your remortgage.
If you are already know that you wish to remortgage, then please fill out our brief mortgage enquiry form and we will attempt to provide you with a full recommendation within 48 hours. We will be able to provide you with in-depth advice on remortgage options and can scour the market to find the best mortgage for your particular circumstances.
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Buy-to-Let Mortgages
If you're thinking about obtaining a property for investment purposes, then a buy-to-let mortgage is tailored to this type of purchase. The most relevant feature of a buy-to-let mortgage is that your potential earnings from rent are factored into the initial mortgage assessment, not just your existing income.
Suggested Residential Investment Strategy
We are able to offer specialist advice within the Buy-to-Let field. Our "Suggested Residential Investment Strategy" has been broken down into the following sections:
Purchasing buy-to-let - A step-by-step guide to the process of purchasing a property to let.
Types of property - A breakdown of the various properties used for buy-to-let and the advantages and disadvantages of each type of property.
Maximising buy-to-let returns - Increasing your returns by using finance to your advantage.
Mortgage type - An explanation of the types of buy-to-let mortgages at your disposal.
Costs of buy-to-let - The costs associated with investing in buy-to-let properties.
To help provide you with further information on the types of interest rates to expect with buy-to-let mortgages, we suggest that you complete our mortgage enquiry form, so that we can take a look at the daily updated Buy-to-let mortgage tables. This will allow us to compare buy-to-let products from most mortgage lenders in the UK.
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THE FINANCIAL SERVICES AUTHORITY DOES NOT REGULATE SOME FORMS OF BUY-TO-LET AND COMMERCIAL MORTGAGES.
Commercial Mortgages
As the name suggests, a commercial mortgage is used to finance property purchases for businesses and other commercial organisations. There are many characteristics that businesses share with individuals looking for a home, such as monthly cashflow, however the requirements of commerce leads to difficulties in using a residential mortgage.
The biggest difference between residential and commercial mortgages is that residential mortgage lenders are largely formula driven - an applicant either fits the criteria or they don't. On the other hand commercial lenders tend to be more flexible in their approach, trying hard to find ways of making deals work. Each commercial deal is assessed individually against the facts of that case and in turn priced individually as well.
In return for a more flexible approach, commercial lenders work on lower loan-to-value (LTV) ratios than residential mortgage providers. With residential mortgages, LTV can be 95% or even higher. In the case of these flexible commercial mortgages, LTV usually works around the 70-75% mark. The added risk of a company defaulting also plays a major part. Lenders will usually have some rights over the property until the mortgage has been paid off. This acts as collateral and allows the mortgage provider to recoup the costs, should the enterprise fall into a state of financial distress. A higher interest rate is also charged, to compensate the lender for the higher risk involved in lending to a business.
WHY CHOOSE A COMMERCIAL MORTGAGE?
There are many reasons why a commercial mortgage is preferable to leasing a property, and these arguments are similar to the pros and cons of renting versus buying residential accommodation.
There are also other benefits of opting for a commercial mortgage versus alternate sources of funding. The most obvious point would be regarding equity in the company. For many businesses, selling off a stake of the company is the only way to raise enough capital for investment. By opting for a commercial mortgage, the equity share of the business can continue in its present form. As a creditor, the bank will only be concerned in ensuring that they get a decent return on the mortgage (interest) and that loan repayments are paid on time and in an orderly fashion. If you have confidence in your organisation's future, then this equity retention could (literally) pay dividends in the future.
On top of this, there are the tax advantages of a commercial mortgage. The key point here is that mortgage repayments are deducted from gross (pre-tax) profits, thus lowering your tax burden. Additionally, the mortgage interest itself is tax-deductible, which can also lead to a reasonable saving.
The mortgage schedule is usually set down for a number of years, allowing the business to plan its cashflow management and profit / loss accordingly. The choice of mortgage type and interest are pretty open, so one firm may opt for a fixed mortgage while another chooses a tracker. However, as with all mortgages, a payment schedule is put in place that allows the borrower to have an accurate idea of monthly payments and interest.
THE DOWNSIDE TO CHOOSING A COMMERCIAL MORTGAGE
As mentioned earlier, the flexibility available when setting up the mortgage comes at the price of a higher interest rate. In addition, this reflects the higher risk involved in lending to a business entity rather than to an individual.
As with all mortgages, the loan is secured against the property and can be sold if the borrower defaults on the commercial mortgage. 'Default' is defined in the mortgage agreement signed with the mortgage provider and would usually occur as a result of bankruptcy, insolvency, late or missed mortgage repayments or any other breaches of the contract.
There is also a major issue to consider when deciding whether to opt for a commercial mortgage or to raise money through a sale of equity. The investors that purchase equity will want to ensure the company's well-being, so if the business were to fall into financial distress, the interests of all parties involved would be to find a way to keep the company going.
With a mortgage lender involved, there is a conflict of interest. If the business is struggling, the bank may be less patient than an investor, so if there were any breaches of contract they may decide to put the property up for sale and recoup their losses. However, a lender would prefer the company to succeed, as this will generate them more profit than the forced sale of a property. Thus, they are likely to follow a strategy similar to an investor and try to help the company if it seems that it may be able to recover.
YOUR NEXT MOVE IF CONSIDERING A COMMERCIAL MORTGAGE
The only major barrier to entering the commercial property market is lack of expertise and lack of knowledge of where to buy and what type of property to purchase. To ensure success in this area, the best advice is to either do plenty of homework or find an adviser who can do the hard work for you.
A good adviser will help to assess the commercial proposition for which the loan is required. An adviser will factor in the credit risk of the applicant, discover whether the mortgage is a sound business proposition, and ensures that the lenders security value is sufficient and whether the collateral will hold.
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Mortgage for a Property Overseas
There are many reasons that people choose to purchase a property overseas. Typical motives usually revolve around the purchase of a holiday home or the acquisition of overseas property as an investment.
When it comes to financing such a home purchase, there are two basic forms of borrowing:
- Foreign Property Mortgage - Take out a mortgage on the foreign property itself. This could be from a UK mortgage lender or from a lender based in the same country as the property in question.
Changes in the exchange rate may increase the sterling equivalent of your debt. Your home may be repossessed if you do not keep up repayments on your mortgage.
- Remortgage existing UK property - This can free equity to fund the purchase of the overseas property.
However, although overseas mortgage products can seem very similar to UK mortgages, there are many other factors to consider, most notably local laws, taxation rules and other restrictions involved when a foreign national decides to buy a house.
As these rules vary from country-to-country, we have broken down our overseas property to provide information on the various facets of property purchase in different countries:
We can currently arrange mortgages for property in an increasingly growing number of countries. Should you wish to find out more about the various different countires, then please contact us.
With all complex financial products, such as overseas property funding, we advise against making your decision based solely on the information you have read. Your best option is to complete our mortgage enquiry form and we will contact you within 48 hours to discuss your requirements and individual circumstances.
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Green Mortgage
A green mortgage refers to mortgage products that attempt to redress the adverse environmental effects of housing. This is still quite a small sector of the mortgage market, however there are some big providers involved in offering green mortgages.
HOW A GREEN MORTGAGE WORKS
There are three distinct features available with green mortgages, with different providers offering either one or a combination of the following:
1. Funds donated to charity with every accepted mortgage - This is a simple enough idea. Take out the mortgage, and the lender will make a donation to a "green" charity, thus helping organisations that want to improve our environment.
2. Lender only works with green companies - The bank or building society that offers the green product will ensure that partner companies involved with the supply of the mortgage are not environment-damaging organisations.
3. The property is environmentally sound or can be improved - Some lenders will insist that the property is of a certain 'green' standard, using the SAP energy-efficiency rating. Others will offer a free energy survey, which may lead to energy-saving improvements to your property.
The first two features focus on helping the environment at a corporate level. The third feature is aimed at the individual's home, leading to obvious money-saving benefits from improving the energy-efficiency of your property as well as the reduction in negative externalities.
WHO OFFERS GREEN MORTGAGES?
The information below is subject to change from time to time and we will be able to advise you of the current range of lenders offering this type of mortgage by completing our mortgage enquiry form. For now examples are:
The Co-operative Bank
This bank provides all three points listed above: every year, the bank will make a donation to the green charity Climate Care. This donation is based on the number of people that have signed up for their green mortgages.
Alongside this, they insist they will only work with companies that will not damage the environment adversely. This focuses on not working with companies from industries that are known to pollute heavily.
When it comes to the borrower and his property, the Co-operative is a little more relaxed. They don't mind if the property is not particularly eco-friendly, nor do they seem to mind if the borrower happens to be Chairman of Pollution Inc (this is the case with all green mortgage providers). The bank's argument is that the greater the number of green mortgages they have, the bigger their donation to Climate Care.
The Co-operative does provide a Home Energy Report for the property in question, which outlines the areas in which the property can reduce pollution, energy and generally be "greener".
The Norwich & Peterborough Building Society (NPBS)
The NPBS offer two types of green mortgage: one for brand-new properties and one for existing homes. When it comes to new dwellings, the society's "New Build Green Mortgage" is available to individuals moving into a property with a SAP rating of at least 80, which basically means that the home must be energy-efficient.
The mortgage for existing homes includes a free energy survey, and as a bonus, they offer £500 alongside this to help with energy-saving home improvements. The mutual is clearly attempting to improve the energy profile of existing homes with this particular mortgage. However, it holds a certain appeal for those that are less conscious of the fight to save our environment, and simply want to get some help with buying a home. The mortgage is good for individuals thinking of renovating an empty residence. This could make it an interesting option for first-time buyers that are struggling to find reasonable homes that are ready-to-inhabit.
By opting for a NPBS green mortgage, it would be possible to get an initial bit of help with renovating something a little run-down and turning it into your ideal home. The only downside to this mortgage though, is that the loan-to-value (LTV) is a maximum of 85% of the property value.
NPBS work with Future Forests, which revolves around a policy called Carbon Neutral®. Simply put, they attempt to redress the CO2 emissions of properties and do this by planting trees that offset the level of this pollutant, which in turn should protect the planet from global-warming. In the case of a NPBS mortgage, the organisation will plant 40 trees over five years, which theoretically, should mean that the pollution from your property is offset. Whether these claims are accurate is open to debate, but it must help to some degree and must be taken as just one strand of the several green features of the Norwich and Peterborough mortgage.
The Ecology Building Society
Founded in 1981, The Ecology "is a mutual building society dedicated to improving the environment by promoting sustainable housing and sustainable communities."
The mutual will carry out an environmental study of the property that relates to any new mortgage, and will consider any plans on this property. The Ecology is a useful lender when it comes to providing mortgages for properties that require renovation, and here the Ecology can help with the environmental impact of your plans for your home. The society aims to help improve the energy-efficiency of any property, and alongside this, consider renovation itself a form of recycling.
The Ecology, like the competition, do not expect the borrower to be a particularly green individual, but do expect the property in question to be environmentally sound/become greener as a result of your involvement in it.
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Self Employed and Company Directors
Traditionally the Self-Employed, and also Company Directors, have found it very difficult to find mortgage lenders who are willing to take a flexible view in relation to an applicant's income. Without three years audited accounts, showing healthy profits, borrowers have in the past needed to approach specialist lenders to obtain a mortgage and have usually had to pay through the nose to obtain funds.
Whilst a good accountant will endeavour to minimise the taxable income of a self employed individual, in order to reduce the amount of Income Tax payable, this can lead to difficulties when trying to prove to a lender that a greater income is actually being earned. For Company Directors the picture can appear to be very confused, because their income may be made up of different elements, including salary, dividends and an element of the company's profits.
SELF-CERTIFICATION MORTGAGES
With all this in mind a number of mainstream lenders will now consider self-certification of an applicant's income, where they are Self-Employed or Company Directors. This means that a self-employed applicant can state their income level on an application form and the lender will not carry out any further checks (although they do reserve the right to carry out further checks, should they wish). This leniency on the part of the lenders allows them to operate a more streamlined service and helps to keep their administration costs down. It also allows the borrower to state their total income rather than the figure which is finally presented to the Inland Revenue for taxation purposes. Another important advantage of this type of lending is that it is not necessary to have been trading for three years in order to have an application considered.
Most lenders in this market-place still offer self-certification mortgages at higher rates than their normal mortgage range, due to the increased risk they are taking. In recent times, however, a number of lenders have bucked this trend and offer a range of standard discounted, tracker and fixed rate mortgages using the self-certification system.
The opening up of mortgage lending in this way to the Self-Employed and Company Directors, offers those who traditionally have had difficulty in obtaining a mortgage an important lifeline, enabling them to obtain affordable mortgage funding. We recommend that we take a look at our daily updated self employed mortgage tables, which allow us to compare the best interest rates available on UK mortgages for the self-employed.
If you are interested in a self-certification mortgage and would like to speak to us to discuss your mortgage requirements, please complete our mortgage enquiry form and contact you within 48 hours.
The overall cost for comparison is 7.1% APR. The actual rate will depend upon your circumstances. Please ask for a personalised illustration.
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Adverse Credit/Sub Prime Mortgages
"I have bad credit so I won't be able to get a mortgage." It seems like such a fundamental obstacle that it would be too hard to overcome. You'd be wrong then; there are still a great number of adverse credit mortgages available on the market for individuals that have adverse credit ratings and so there are some pretty competitive rates up for grabs.
CREDIT SCORING BY MORTGAGE PROVIDERS
Firstly, let's just go back a step and lay the groundwork. All lenders will carry out some kind of credit check on the individual applying. As with all financial institutions that offer credit or insurance, they wish to study the risk involved in providing an inherently risky product, and in the case of loans, they wish to know that the money they are lending is likely to be paid back in an orderly fashion. In the UK, most lenders will ascertain this risk, in part, by using one of the big credit score agencies: Equifax or Experian.
Different mortgage lenders have different application requirements and the credit score is just one of many measures used to decide on a mortgage application. Historically though, many lenders would insist on a good credit history before offering a mortgage and would reject all other applicants. However, times have changed. There is an acceptance that sometimes people have been unfortunate, and through circumstances out of their control, end up with a poor credit rating. Others may have been at fault in the past, but are now making a genuine attempt to make a clean start and become credit-worthy.
WHY DO LENDERS OFFER "ADVERSE CREDIT" MORTGAGES?
Above all, mortgage providers understand two important things. The first is, irrespective of credit history, that people do not want to lose their homes. They accept that even though some people may have a bad credit history, these individuals have a great incentive to keep up with their mortgage repayments - they do not want to end up on the street. The second point is just as important for the lender: the property itself acts as collateral (or security) for the loan, meaning that they have a means of recouping the money paid out should it all go wrong.
So it means that there is now quite a lot of competition in the "bad credit" mortgage market. However, although there may now be quite a few providers competing within this market, your enthusiasm should be tempered somewhat by the fact that you poor credit will mean you still have to pay an excess level of interest. If you are an "adverse credit" individual, your history is still going to cost you, albeit less than in previous years.
As well as a worse interest rate than a normal "good credit" mortgage, the borrower will typically require a 5-10% deposit for the mortgage. Once you have begun your mortgage, it may be possible to see a reduction in rates in the medium-term, with some lenders prepared to cut interest rates if you maintain your repayments for a few years. At this point, it may even be possible to remortgage and switch to a cheaper (good credit) mortgage.
As stated previously, the competition in this sector has driven interest rates downwards, with many of the larger banks such as Halifax (through Birmingham Midshires) offering "credit solution" mortgages. We recommend you take a look at our mortgage tables, which allow you to compare rates and features on adverse credit mortgages which allow arrears and CCJ's.
However, with this type of mortgage, as with all niche products, it is usually best to speak to a broker, as a lot of the largest institutions are still less prepared to offer these adverse credit products. If you fill in our mortgage enquiry form, we can contact you within 48 hours and scour the market to find the best mortgage available to you.
The overall cost for comparison is 7.1% APR (Typical). The actual rate will depend upon your circumstances. Please ask for a personalised illustration.
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Moneytomove is a trading name of Moneytomove Ltd which is an Appointed Representative of Pink Home Loans. Pink Home Loans is a trading name of Advance Mortgage Funding Ltd which is authorised and regulated by the Financial Services Authority. FSA Reg No. 305008.
Registered office: Flat, 119 Portobello Rd, Notting Hill, London W11 2DY. Registered in England, Number: 5425034
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