So, do you go Fixed, or do you go Tracker? A question we are asked many times every day! With a fixed rate, you know that every month your mortgage payment will be exactly the same until the product period ends. Normally this can be two, three, five or ten years. However, you will have […]
Tag: remortgage
Being self-employed shouldn’t affect you getting a mortgage
A large myth suggests that because you are self-employed, you will find it harder to get a mortgage. Maybe that was so a few years ago, but not today. Yes, the financial crash took its toll on the self-employed and quite rightly killed off the ‘self certification’ type deals (no proof of income). But today […]
Be aware of your mortgage rate and options
In historic columns I have used the word ‘panic’ to describe the possible rush to secure a good mortgage deal before they vanish when rates rise. It’s not quite at that stage just yet, but we have seen some rate rises this week from both Santander and TSB. However, there is another important term I […]
Mortgage borrower demands are shifting!
In recent months there has been some much-needed attention drawn to customers who have experienced some type of adverse credit. Many specialist lenders and building societies are leading the way both in terms of the education process and through some innovative and highly competitive product ranges. There is no hiding from the fact, or should […]
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 […]
Moving forward to the challenges ahead… and Happy Christmas!
This time last year, I was predicting that we’d have got over the shenanigans of Brexit and be moving forward in to the unknown, yet positive, challenges that lie ahead. How we can be no further forward still is beyond me. But at the same time, I can’t believe the year has gone and I’m […]
Which mortgage calculator do you use?
There is a wide range of mortgage calculators and affordability calculations available which will help you to find out ‘How much can you borrow?’. However, the only true response will be from the lender and normally only once they have carried out a credit search and reviewed your credit score. Only a few years ago, […]
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 […]
A large portion of the UK adult population has experienced credit problems
The festive period is traditionally a time for giving, but for some people – especially those with a family to support – it can prove to be a difficult one to successfully manage. It is a season where we see more people, from all walks of life, seeking some form of supplementary borrowing, a factor […]
Complex deals are considered depending on the clients scenario
Actually placing a mortgage with a lender is not normally difficult. The hardest part, in the recent climate, is getting the mortgage through to completion! However, a number of lenders are happy to think outside the box and take a manual approach to lending. One recent example was with the Harpenden Building Society who helped complete […]