There’s a world of information and product availability in the mortgage sector. But not all of it is as easily accessible to the consumer as it should be. Did you know you can borrow 100% of the security property value? Yes, you might need Mum & Dads help, or another guarantor who may put their property up […]
Year: 2019
More changes for Buy to Let – take professional advice
Have you looked at your mortgage requirements recently? Do you own investment properties? Do you know about the upcoming changes to EPCs? Are you prepared for the changes to mortgage interest tax relief? The Buy to Let sector has been through some interesting times and it always seems to be this area that is targeted […]
Over 65? No problem!
Just because you’re over 65, it doesn’t mean you can’t have a mortgage! But sometimes it can be harder to get a mortgage that is right and affordable, due to age restrictive terms, once you reach a certain milestone with the high street lenders. Often, retired people have managed their finances successfully over the years and […]
Which type of property valuation is right for you?
On every property, the lender will require to know that they are lending money on a suitable property. This will entail a valuation and normally a surveyor will vist the subject property. This is a fairly basic valuation and is for the lender, paid for by the borrower, and it should not be relied upon as a […]
Credit scoring is not right for everyone.
I haven’t mentioned it for a while, but it certainly is causing a lot of customers an issue. Credit scoring! This is an assessment on all available financial information and calculates a ‘score’ for the lender. It also includes a search on your overall credit history covering, in the main, all of your financial transactions […]
Brexit, uncertainty, opportunity!
Wow, February already! Time flies. It also brings us another month closer to Brexit. Uncertainty remains and nobody knows what lies around the corner. However, we’ve been through this before. Remember the millennium bug that was going to be the ultimate in chaos, computers wouldn’t work and the world would be a worse place, etc etc? […]
Mortgage prisoner? There’s light at the end of the tunnel…for some.
Around 140,000 people with mortgages are currently classed as ‘mortgage prisoners’. This means that they could be with a lender who is no longer active, or a lender who has ‘bought’ a number of clients from other lenders but who does not offer additional mortgage products once the customers current incentive rate period comes to an […]
Don’t stay on the lenders standard variable rate for the sake of it!
2019 has started as expected, with the main stay being uncertainty. Already we’ve seen three lenders stop lending or pull all of their products due to ‘costs of funding’ and ‘uncertain times ahead’. This is all a bit ‘de ja vu’ compared to back in 2007/8 before the big ‘crash’. However, this time we’re not on the […]