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: lenders
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 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 […]
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 […]
Covid-19 Mortgage Repayment Holiday Q&A
As the impact of Coronavirus is felt across the UK, you may be worried about how it could affect you and your home. With the Government announcement yesterday, that they have extended the three-month mortgage repayment holiday beyond residential mortgages to now include Buy-to-Let mortgages. We have pulled together the following Q&A guidance from various […]
Bridging finance can be much quicker to arrange than a normal mortgage
Bridging finance (also known as Short Term Lending) is a solution that can be used to provide fast access to funding for a number of different circumstances. Often, bridging finance can be much quicker to arrange than a normal mortgage. However, bridging finance should not be considered a replacement for more traditional mortgage lending which […]
Are you financially prepared for the year ahead?
And so another year begins, have you made any resolutions? If not, make one to review your mortgage! Now that the election is out of the way and we have a ‘clearer’ route to Brexit, lenders will look at their strategies for the next few years and I’m sure somewhere in those plans will be reviewing their […]