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 […]
Tag: first time buyers
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 […]
Lenders to help those classed as ‘mortgage prisoners’
The Financial Conduct Authority recently issued its statement around those it considers to be a ‘mortgage prisoner’. It is estimated that around 140,000 people with mortgages are currently classed as mortgage prisoners (although some have quoted this to be as high as 500,000). This means that the customer could be with a lender who is no […]