Best Online Mortgage Lenders For First Time Home Buyers

Best Online Mortgage Lenders

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 … Read more

FLEET MORTGAGES CUTS RATES

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. Due to … Read more

0% Deposit Mortgage Offer To New Home Buyers From Barclays

No Deposit Mortgage

As long as a family member contributes 10% of the property purchase price from their own savings, FIRST-TIME buyers can borrow £500,000 with no deposit mortgage at Barclays. Barclays has extended its Family Springboard mortgage range so first-time buyers can get larger mortgages over a longer period of time When Was It First Introduced? First … Read more

INCOME REQUIRED BY A FIRST TIME BUYER IN A UK CITY

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 … Read more

Considerations on the Mortgage Term

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 … Read more

6 MYTH’s BUSTED! Mortgage Brokers v. Mortgage Bankers

Recently it has been observed that some people have fallaciously started to believe that mortgage bankers are considerably a better option than good old mortgage brokers when it comes to dealing with estate finance. That is why it has become so indispensable to bust such myths and reveal truth to the people. Myth No. 1: … Read more

9 Questions to Ask Your Mortgage Broker

Looking to buy a home in North London? Dealing with pre-mortgage anxiety (yes, that’s a thing for some)? Then a mortgage broker in North London is exactly who you need. Working with an experienced mortgage broker can ensure that you’re being recommended the best mortgage deal for your specific situation. These individuals aren’t just responsible for cracking … Read more