Category: Blog Posts

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 […]

Impact Specialist Finance ‘highly commended’ in the 2020 What Mortgage Awards

Impact Specialist Finance has been highly commended in the Best Specialist Mortgage Broker category at the 2020 What Mortgage Awards, for the second year running. Now in its 27th year, the What Mortgage Awards recognises and rewards the very best businesses in the UK’s mortgage and associated personal finance markets. Due to social distancing restrictions, […]

Even on Furlough, lenders may consider you for a mortgage

Just because you’re on the Furlough Scheme (or have been on it), does not necessarily mean you cannot get a mortgage. Several lenders have issued guidelines to accommodate those on Furlough and will offer mortgage products to them. Especially clients looking to stay with the same lender and do what is called a ‘product transfer’. […]

Physical valuations are back, but with conditions

‘Back in Business’, ‘Business as Usual’, ‘When we come out of this’ – all terms I’m sure you’ve heard a lot recently. I think it is now very clear to say that any form of ‘normality’ will be a different experience from what we have been used to. Every day includes new learnings and new […]

Important Government update on purchase applications

Message from one of our lender partners and we anticipate others will also issue similar notes shortly: UK Finance has been seeking urgent clarification from the government about whether home purchases should continue at the current time, particularly as physical property valuations are no longer possible. The government has now stated that: Home buyers and […]