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 […]
Category: Blog Posts
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 […]
The issues facing first time buyers, homeowners and potential movers!
To say that the government is currently under a substantial amount of pressure is something of any understatement. Keeping political points of view or persuasion on the sidelines, the handling of the coronavirus pandemic and Brexit remain huge issues which are dominating time, resources and attention. I fully appreciate the importance of tackling these concerns […]
You’d use a local shop over a supermarket. It should be the same with your local mortgage broker.
Through this unprecedented time, we cannot stress enough that you should be using a mortgage broker to review your requirements and help arrange your re-mortgage to cut down your costs. Yes, you can sometimes go direct to the lender, but is it right for you? Is there a better rate elsewhere? Have you read all […]
A number of factors are driving activity throughout the Buy to Let sector
It’s fair to say that the money pages often tend to focus on the negative parts of the Buy-to-Let (BTL) market rather than the positive ones. I’m sure you will continue to see headlines around landlords selling property, but what you are less likely to read about is the continued resilience being shown by lenders, […]
Housing market buzzing following stamp duty tax break
The purchase market is currently buzzing. In a throw-back to some of the heady days of old, we’re hearing stories of bidding wars and properties being snapped up before they even come onto the market. It’s clear that whilst the raising of the stamp duty threshold has certainly worked to accelerate activity across the housing […]
This is a great time for First Time Buyers to take the leap
Recent changes to the stamp duty threshold have attracted a growing number of enquiries from First Time Buyers (FTB) looking to take advantage of this short-term tax break in order to get their foot onto the property ladder. This is a great time for FTBs to take the leap but as we continue to operate […]
Being self-employed should not stop you getting a mortgage
There are many concerns in the current climate relating to job security and especially how lenders look at the self-employed following lockdown with regards to consistency of ongoing income and customer base. The growth of self-employment, contracting and the gig economy has continued to challenge and change the make-up of the UK workforce over the […]