Category: mortgage broker

If the credit score computer says ‘no’, you will tend to find most high street lenders doors shut.

I haven’t mentioned it for a while, but it certainly is causing a lot of customers an issue.  Credit scoring!  This is an assessment on all available financial information and calculates a ‘score’ for the lender.  It also includes a search on your overall credit history covering, in the main, all of your financial transactions […]

Too much information online can be confusing!

As rates continue to reduce, competition has moved at a pace on the high street.  Most of these lenders can offer attractive low rates with free valuations and free legal costs on remortgages.  This is great if you fit the lender’s mould and meet their requirements.  However, if you don’t meet their requirements or if […]

Credit Scoring – most lenders do it!

I haven’t mentioned it for a while, but it certainly is causing a lot of customers an issue.  Credit scoring!  This is an assessment on all available financial information and calculates a ‘score’ for the lender.  It also includes a search on your overall credit history covering, in the main, all of your financial transactions […]

Competition for those with low deposits

Lenders are at last starting to recognise the importance of high loan to value loans for both first time and subsequent mortgage applicants. One such lender has chosen a limited panel of broker companies to distribute their new 95% loan to value product to home movers, first time buyers and those seeking to re-mortgage. We […]

Increased competition in the 95% LTV market for First Time Buyers

We’ve seen another week of market movement and increased competition as lenders lower rates and loosen criteria.  There is a lot more positive activity from the lenders, however we are also seeing an increase in service times and underwriting responses resulting from increased volumes.  A few are even reporting backlogs of over a week just […]

Why use a Mortgage Broker?

There are many mortgage lenders actively looking to increase their volume business by offering superb products and rates, but there’s also some who have good PR companies who portray a positive lending attitude. You would think in the current climates, with mortgage volumes reasonably low, that new applications submitted to lenders would fly through and […]