As the local area continues to become a virtual ‘new homes exhibition’, there are a number of lenders also assisting customers with more private projects such as development, self-build, or if you just want to upgrade your existing property by way of refurbishment. On a self-build, the customer normally buys the land and the lender […]
Year: 2018
Have you been offered a ‘Product Transfer’?
I am looking at two main categories for this week’s column. First off, it’s product transfers. These are the options the lender will give you to stay with them. So, you’ve been with your current lender through the term of your deal – normally a two year tracker ends after twenty four months, or your […]
Can you pay today and also over the next five years?
In our heavily regulated mortgage marketplace, the lenders main area in deciding whether to lend, or not, is on your ability to pay the mortgage both today and also in the future. It’s difficult to detail when I have a limited word count, but in the main, lenders will stress test all mortgages against a possible […]
Can a ‘Cryptocurrency’ help you buy a house?
You’ve probably seen some of the hype around the rise of what’s called ‘Cryptocurrency’. Specifically, relating to Bitcoin and other similar electronic currencies. Currently they are not regulated and their price can fluctuate immensely day by day. However, there have been a number of success stories and thus providing funds which could possibly be used […]
Are you ready for Open Banking?
Open banking seems to be the buzz phrase of the moment as the world of technology impacts the way our spending habits are analysed. In short, you will soon be able to give permission to your Bank or Building Society, to release all details of your bank account transactions to any regulated business. This can […]
Only 20% of homeowners take a homebuyer survey when purchasing a property.
Research from Legal & General has shown that only 20% of homeowners take out a home buying survey when purchasing a property. This is despite home buyers on average spending £5,750 on unforeseen repairs when they move into their new home! So, to recap on the options: Valuations on properties to be mortgaged come in […]