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Considerations on the Mortgage Term.

July 5, 2019 by in category Mortgage News

The length of the mortgage term affects the amount of interest you pay over the term of the mortgage. The increasing availability of 40-year mortgage terms could help more borrowers reduce their monthly repayments – but it could also mean paying more interest. According to Moneyfacts more than half of all residential mortgage deals on […]

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BUILDING SOCIETIES ON TOP FOR FTB, 5% AND 10% MORTGAGES.

July 4, 2019 by in category Mortgage News

A Moneyfacts residential mortgage analysis has found that first-time buyers looking for lower interest rates and a more tailored approach to their mortgage application could be better served by the building societies. Analysis of mortgage loans aimed at the first-time buyer market, where deposits of around 10% or even 5% are common, has discovered the […]

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INCOME REQUIRED BY A FIRST TIME BUYER IN A UK CITY

July 3, 2019 by in category Mortgage News

According to an analysis by Zoopla, first-time buyers need an average income of £54,000 to buy a typically-priced house in a UK city. The amount those stepping onto the housing ladder must earn has increased by 9% in just three years because of the soaring cost of property, requiring a deposit on average of £38,000 […]

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ADVERSE CREDIT MORTGAGES

June 28, 2019 by in category Mortgage News

Here is a message from Bluestone Mortgages, one of the lenders that I may turn to to try to place your mortgage enquiry with. ‘When choosing the most suitable specialist lender for your client, it’s important to have a clear idea of all the options available to them. Providing the best possible experience as they […]

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£500,000 NO DEPOSIT MORTGAGE WITH BARCLAYS

June 27, 2019 by in category Mortgage News

As long as a family member contributes 10 per cent of the property purchase price from their own savings, FIRST-TIME buyers can borrow £500,000 with NO deposit at Barclays. Barclays has extende its Family Springboard mortgage range so first-time buyers can get larger mortgages over a longer period of time First introduced six years ago, […]

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FLEET MORTGAGES CUTS RATES

June 26, 2019 by in category Mortgage News

Fleet Mortgages, the buy-to-let specialist lender, has reduced rates across its specific standard, limited company and HMO products.   Feedback from a large number of their intermediary partners decided them to simplify their offering to ease understanding and to ensure advisers are aware of the sectors they operate in and the benefits of using Fleet. […]

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Mortgage: Exploding the Self Employed Myth

June 25, 2019 by in category Mortgage News

Don’t let your heart sink when you go for a mortgage just because you are self-employed. As a Mortgage Broker you are always keen to help – your business depends on it – but the fact of the matter is that some lenders remain wary of self-employed borrowers. This often translates into rigid and inflexible […]

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WHY USE A MORTGAGE BROKER

June 24, 2019 by in category Mortgage News

Many borrowers could find a mortgage unaided, but they pay us to find them the right mortgage. Most lenders will take you on. What is hard is getting the most suitable mortgage. This takes time and effort. You use a mortgage broker as he or she has already invested heavily in being able to source […]

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MORTGAGE COMPLETIONS FOR FIRST TIME BUYERS UP

February 19, 2019 by in category Uncategorized

With a year-on-year increase of 1.9% in 2018, data from UK Finance showed that first-time buyer mortgage completions hit their highest level since 2006, There were 30,900 new first-time buyer mortgages completed in December 2018, some 1.6% more than in the same month a year earlier. The £5.2bn of new lending in the month was […]

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RENT CONTROLS FOR LONDON

January 25, 2019 by in category Mortgage News

It has been officially announced by the mayor of London, Sadiq Khan, that his office is developing a blueprint for rent controls in the capital, citing Berlin and New York City as major cities where rent controls are successful. Khan says: “The arguments for rent control are overwhelming, and Londoners overwhelmingly want it to happen. […]

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