Tag: lenders

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 […]

Your mortgage broker should ‘get to know you’…

Arranging a mortgage can take time.  But actually, the process, regardless of whether you are a first time buyer, home mover or simply re-mortgaging, will be roughly the same.  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 […]

Don’t be pressured to make a mortgage decision!

Some mortgage lenders are sending out letters to those coming to the end of their product term offering them new rates, but giving them a time deadline in which to switch.  We had one customer recently who was four months out from their current rate changing from a fixed rate and moving on to the […]

Don’t be loyal to your current mortgage provider when rates are so low, think of number one!

It really appears to be a race to the bottom!  In the last few weeks, we’ve seen five year fixed rates available from 1.45% and two year fixed rates starting from just 1.19%.  Obviously, terms and conditions apply based on individual circumstances, but if you’re looking to change your current mortgage, use the uncertainty across […]

Buying at Auction, with short term finance

Auction purchases can be a great way of buying properties at a discount and potentially achieving quick equity growth. Typically, a property will be listed via an auction because it may be uninhabitable (think no kitchen or bathroom) or it may be that the vendors need to realise sale funds quickly and are prepared to […]

Buy to Let trends and Landlord confidence

At the Property Investor and Homebuyers show at the London ExCel last weekend, it was a great opportunity to talk to professional landlords, as well as those looking to take their first steps onto the Buy to Let sector ladder. With many changes and increases in taxation on profits being recently introduced along with licence […]

Your mortgage scenario is not out of the ordinary to us!

You might think that your scenario is out of the ordinary and maybe a lender won’t look to assist you.  And you might be right, if you are purely looking at the mortgage lenders on the high street.  But we all know that not everyone fits this ‘ideal client’ picture. Complex scenarios are on the increase and […]

Shared Ownership popular outside of London

Help to Buy has benefited from an increased profile in recent times (probably due to the impending closure date!) and this has helped more FTBs recognise its attributes – which is a good thing – although it’s prudent to point out that it should not be considered an all in-compassing solution.  And, on the flip side, […]

Looking to build, renovate or extend?

You can’t miss the vast amount of building work going on locally.  In the main, it is by large property developers/builders, but we are receiving enquiries for those privately looking to build their own dream home or renovate and extend their existing properties.   This can also include knocking down the property and building a new one in […]