You might think that your scenario is out of the ordinary and maybe a lender won’t look to assist you. And you might be right, if you are purely looking at the mortgage lenders on the high street. But we all know that not everyone fits this ‘ideal client’ picture. Complex scenarios are on the increase and […]
Year: 2019
Shared Ownership popular outside of London
Help to Buy has benefited from an increased profile in recent times (probably due to the impending closure date!) and this has helped more FTBs recognise its attributes – which is a good thing – although it’s prudent to point out that it should not be considered an all in-compassing solution. And, on the flip side, […]
Be prepared in advance of applying for a mortgage
When applying for finance, if you don’t appear on the electoral roll or don’t have any credit, some lenders may consider that you don’t exist, financially! This has been a hurdle in the finance world for some time, more so now with the evolution of technology. It seems that lenders only need to find the […]
Looking at Buy to Let? Visit the Property Investor Show
If you are contemplating moving into the Buy to Let sector (buying a property to rent out), then I would recommend making a visit to the Property Investor Show that takes place on 4th and 5th October at the London ExCeL Centre. There will be over 100 exhibitors and over 50 seminars that will assist in answering all your […]
Looking to build, renovate or extend?
You can’t miss the vast amount of building work going on locally. In the main, it is by large property developers/builders, but we are receiving enquiries for those privately looking to build their own dream home or renovate and extend their existing properties. This can also include knocking down the property and building a new one in […]
Bank of Mum & Dad now 10th largest lender in the UK!
First Time Buyers trying to get on the property ladder will turn to the Bank of Mum and Dad to borrow more than £6.3bn this year, according to a report from Legal & General. This equates to being the equivalent of the country’s tenth biggest mortgage lender! The average parental contribution for homebuyers this year is […]
Lenders reject 33% of customers using comparison sites
It’s always a little surprising when customers contact us for a mortgage who have been totally unaware that they have had a number of credit searches carried out following recent searches for competitive renewal quotes on their home or car insurance via Comparison Websites. I’m sure it will be stated somewhere in the small print, […]
Product innovation – Hero Mortgage, 95% Loan, Large income multiples and Help to Buy
Innovation is key in the current climate and we must applaud the lenders who are defining the way of the industry and providing mortgages for certain types of customer. The main issues currently result around income multiples, loans size compared to the value of the property and catering for those over the age of 55. […]
Lending down, purchases up and are you suitably protected?
UK Finance has confirmed that mortgage lending was down 4% year on year in June, amounting to £21.9bn. Despite this, house purchases increased nearly 3% as 48,539 approvals occurred, compared to the previous year. This is encouraging, and we’re seeing 49% of all business coming into impact specialist finance being house purchases. There’s certainly a […]
It’s the holiday period… but be wary of how you spend, if you’re planning to change mortgages soon.
The holiday period is most definitely in full swing and it’s precisely why I feel the need to be a pain and reiterate that whatever is spent on credit cards has to be repaid! If you are looking to review your mortgage in the next few months and load the credit card during the holiday period, remember […]