If you are considering overpaying on your mortgage, you will be looking to reduce how much interest you pay and bring forward the day you are mortgage-free. But before going ahead with this apparent no-brainer, it’s important to be sure that it’s the best use of the funds available for you. You will also want […]
Taking your first step on the buy-to-let mortgage ladder is as exciting as it is daunting. Paul Brett, MD of Landbay for Intermediaries has the answers to the top questions on every would-be landlord’s lips. Buying property to rent out can be a lucrative business if you own lots of properties or it could be […]
For many people, job losses, salary cuts, multiple income streams, payment arrears and the escalating cost of living such as rising energy costs and soaring consumer price inflation has started to impact on household finances. Some people have run up debt and defaulted on payments because of the economic challenges brought about by the pandemic, […]
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 […]
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 […]
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’. […]
‘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 […]
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 […]
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 […]
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 […]
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