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.
Category: Blogs
Trying to save for a deposit? Don’t despair – there are other options and there are more than you’d think!
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
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 […]
Options for mortgage borrowers with adverse credit
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 […]
16
Jun
Did the High Street Bank say no? We may be able to say yes!
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 […]
Adverse Credit? Clients shouldn’t be shamed into thinking they need not apply for a mortgage
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, […]
On Your Marks, Get Set, Buy – Getting First Time Buyers to the starting blocks
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 […]
Shared ownership and Help to Buy – how the schemes are changing
With changes to both Help to Buy and Shared Ownership due to come into force at the beginning of April 2021, it’s vital that you remain fully up to speed on how you may be affected by these impending changes. The latest figures from the Ministry of Housing, Communities & Local Government outlined that a […]
Impact provides 24h bridging offer for last-minute chain-break
The application for the £365,000 bridging loan concerned clients who were subject to a last minute chain-break, and whose vendor was not prepared to wait for the chain to be closed again. The applicants were determined to complete their purchase whilst the rest of the chain was resolved and their property sold. Due to the […]
The value of specialists
The financial impact of COVID-19 is likely to be experienced in many different ways by many different people for quite some time. This virus has changed the way we live our lives and is also shifting boundaries and emphasis across the mortgage market. We’re already seeing this from an advice perspective as lending propositions and […]