Category: AToM

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 […]

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  This means that they could be with a lender who is no longer active, or a lender who has ‘bought’ a number of clients from other lenders but who does not offer additional mortgage products once the customers current incentive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 […]

Thank you for voting us ‘Bridging broker of the year!’ – have a fantastic Christmas!

Wow, another year gone!  Time is flying by and it’s certainly a case of ‘blink and you’ll miss it’! 2018 has been pretty flat with a predicted overall mortgage volume of circa £260bn, slightly up on 2017.   Next year is predicted to be much the same, but with the current shenanigans around Brexit, who knows […]

Coming to the end of your product term? Be wary….

As I have said before and with the run up to year end, lenders have been actively looking at their offerings and loosening their criteria, positively. Some rates have even been reduced and nearly all re-mortgage deals now come with a contribution to valuations and legal fees to keep the cost of changing lenders to a […]

‘How much can I borrow?’

‘How much can I borrow’ tends to be the most asked question of anyone at AToM!  Only a few years ago, that could easily have been up to 8 x income with the minimal of fuss subject of course to loan to value and certainty of income! Oh, how things have changed, and rightly so!  […]

What’s available for your first property purchase?

Looking at purchasing your first property?  First Time Buyers will usually require a minimum 5% deposit, but product availability increases with a 10%+ deposit.  Some lenders will allow a 5% builders deposit, but this must be confirmed as a gift and non-repayable. Some lenders will allow the deposit to come as a gift from the […]

Looking at a property project? Refurb to Let…

Looking for a property project?  Just because a property is run down or even classed as ‘uninhabitable’, does not mean you cannot get a mortgage on it.  Or, if you are intending to purchase a property to let out, but it’s currently in an ‘unlettable’ condition.  Lenders will cater for these scenarios (dependant on the […]

Complex scenarios are common in the mortgage market.

The high street lenders tend to only deal with pretty straight forward scenarios.  So, you will need to fit their standard credit score requirements, meet their standard income multiples and, in the main, simply be easy to deal with.  However, we all know that not everyone fits this ‘ideal client’ picture. Complex scenarios are on […]

Another budget over and some good news for First Time Buyers!

Well that was not the most of exciting of Budgets, although it could have been a lot worse.  It does seem like the spending taps have been turned slightly on, rather than off! On the up side, Stamp Duty Relief has been extended to first time buyers purchasing shared ownership homes valued up to £500k.  […]

HMO Licences taking up to 9 months…

If you have a House of Multiple Occupation (HMO), you should now be aware of the rules that came in to effect on 1st October.   You also be aware that some councils are behind already on the licence applications with one rumoured to be nine months behind! To recap – any property with five or […]