Each month I shudder as various statistics arrive on my desk – £130m daily increasein Government national debt (PSND); 1,600 people made redundant daily; 99 dailyproperty repossessions and the suggestion that every UK adult owes £29k (122%of average earnings). This, in addition to the global issues currently taking up the daily headlines and adding immense […]
Category: Blogs
It’s still tough out there..
Getting a mortgage application through a lender in the current climates can still be challenging. One day it appears relatively easy, yet the next, it’s a nightmare! So whatever you do, try to not give lenders any excuses to decline your application or refuse to lend to you. Try to pay bills on time, don’t […]
Exclusively through AToM – Packaging!
It’s been a really busy fewweeks at AToM HQ. For those regularreaders, you will know that AToM does not only arrange mortgages for thegeneral public who visit the shop front, but we are also a specialist packager/distributordealing with mortgage brokers, estate agents and independent financial advisersnationally. For some lenders, AToM actsas the administration arm, collating […]
The Process!
The mortgage process, regardless of whether you are a first time buyer, home mover or simply re-mortgaging, will be roughly the same. On any new purchase, the selling agent will seek to agree a number of deadlines with you, including the arrangement of mortgage finance. At this point you should make sure that you speak […]
New 95% Loan to Value aimed at First Timers
First Time Buyers have received more attention this week with The Hanley Economic Building Society being the latest to offer an attractive product to this sector. At 95% of the property value and with a 3 year discounted rate of 4.75% (5.3% APR) and a fee of just £99 upfront and £400 on completion, this […]
Low rates and new lenders!
As we enter the final months of the year, we are starting to see more positives from some lenders as they relax their previously strict underwriting criteria. New lenders are also knocking on our doors to see if we can distribute their products. Hoorah! An appetite to lend! I suspect others will make a last […]
Don’t allow un-necessary credit searches
A mortgage is the biggest debt you’re likely to ever take on, so you need to do your homework and understand more than just what certain marketing / PR headlines suggest about how the “100% mortgage is back” or how Bank Base rate will not rise for many years, or how much profit the banks […]
Discount to leave your current lender?
The FSA (Financial Services Authority) has published its latest Mortgage Lending Data for the UK covering the second quarter of 2011. The key areas of interest are – – The proportion of lending for house purchase, which includes buy-to-lets, increased from 54% in Q1 to 59% in Q2,– Lending to first-time buyers rose from 14% […]
Another Summer gone….now time for a Financial review!
The summer holidays are over, the kids are back to school, and you may (or may not) be looking forward to peace and quiet and having some time on your hands. However, as the final few months of the year race towards us, maybe it’s time to start thinking about 2012 and what trials and […]
Remortgages are creating a stir…
Despite coming towards the end of the holiday season, there is certainly a lot of mortgage activity happening! AToM have seen a huge increase in enquiries for re-mortgages as customers look to refinance existing deals on to better rates or raise capital to purchase other properties or for home improvements. There’s no better time to […]