Mortgage rates have been rising in recent months. The Bank of England (BoE) raised interest rates again on March 17 with the intention to counter an expected global surge in inflation caused by rising fuel prices due to Russia’s war in Ukraine. The bank’s Monetary Policy Committee (MPC) voted to increase the bank rate by […]
Your credit score is one of the most important measures of your financial health. It tells lenders how responsibly you use credit. The better your score, the easier you will find it to be approved for new loans or new lines of credit, as well as your ability to successfully get a mortgage. However, your […]
For many people, job losses, salary cuts, multiple income streams, payment arrears and the escalating cost of living such as rising energy costs and soaring consumer price inflation has started to impact on household finances. Some people have run up debt and defaulted on payments because of the economic challenges brought about by the pandemic, […]
Have you got a buy to let? Are you aware of the changes regarding your property’s energy efficiency? Properties risk becoming ‘unrentable’ if landlords do not make the necessary changes required by 2025.
For most first time buyers trying to save for a deposit, it’s a hard slog especially when rent and other day to day expenses mean very little is left at the end of the month to put away. Doubly frustrating is that the monthly repayments on a mortgage can often be cheaper than what you […]
No need to ‘panic buy’ mortgages just yet. There’s plenty to go around! In fact, lenders are in the middle of an amazing interest rate price war. Just in the last few days, we’ve seen lenders looking at 5% deposit mortgages cut rates to below 2.7%. This is a fantastic reduction and shows that lenders […]
As a consequence of the pandemic, more people who have adverse – poor – credit are applying for mortgages. According to research conducted by Pepper Money, customers with adverse credit are more positive about their prospects for a successful mortgage application than they were six months ago. The specialist lender found that 52% of adults […]
People often struggle to access affordable mortgages because they don’t meet the vanilla criteria of high-street lenders, but this doesn’t need to be the case for you. Our lender partners make decisions based on your individual circumstances so if you’ve failed a credit score or don’t fit within the traditional high street lenders profile, we […]
A recent study by Aldermore Bank* showed that first time buyers are more likely to be rejected for a mortgage than they were a year ago. Unfortunately, more than two in five said that they had been rejected more than once. This compares with fewer than one in five before the pandemic. In the survey, […]
It will not have escaped your attention that lower deposit mortgages are now back which is great news, although due to their higher rates and more stringent criteria only a lucky few may be able to successfully apply, at least for now. However, for many potential borrowers these mortgages are out of reach for another […]
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