Tag: remortgage

30 Mar

To fix or not to fix?

Mortgage rates have been rising in recent months. The Bank of England (BoE) raised interest rates again on March 17 with the intention to counter an expected global surge in inflation caused by rising fuel prices due to Russia’s war in Ukraine. The bank’s Monetary Policy Committee (MPC) voted to increase the bank rate by […]

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 […]

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 […]

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 […]

Visits to property website up 7% on January 2019

I’ve just read that visits to Rightmove surpassed 150 million for the first time in January, making it the busiest month ever recorded. There were said to be over 152 million visits to the property portal in January, a 7% increase on January 2019. The top five busiest days ever on Rightmove were all said […]