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 […]
Tag: impact specialist finance
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 […]
Lenders attitudes to risk and operational capacity affect higher LTVs
Loan-to-value (LTV) has always played a huge role in the mortgage market, although borrowers can often be unaware of the activity swings going on behind the lending scenes and the reasons for these. Getting back to basics for a moment, LTV is essentially the size of mortgage that a lender is prepared to offer borrowers […]
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 […]
This should be a time used wisely, not only to review life goals, but also financial situations
Due to the current unfortunate circumstances, we are now becoming very used to the Coronavirus lockdown. However, perhaps this should be a time used wisely, not only to review life goals but also financial situations. Do you have a Will? Statistics show that only one in three people currently have a will in place, with […]
Mortgage Payment Holidays, Rates, Home Working, Valuations and more … seek advice
What a difference a week can make! Testing times for us all. I want to review a few key issues this week, hence the slightly bigger column than normal! Let’s start with Mortgage Payment Holidays – As mentioned by the Chancellor last week, everyone may be entitled to a mortgage payment holiday of three months. The […]
Tested in a way we’ve never been tested before”……and Bank Base cut by 0.5%
We’re being tested in a way that our generation has never been tested before. These are uncertain times and no one can predict what the future days, weeks, months will bring. The Bank of England has cut interest rates by a significant 0.5% to just 0.25% and at the time of writing, this is predicted […]
Completing a fact find and be mortgage ready!
First-time buyer or home mover? Either way, know the process and be mortgage ready! On any new purchase, the selling agent will seek to agree a number of deadlines with you, including the arrangement of mortgage finance. At this point, you can shop around and should make sure that you speak to an independent mortgage […]