FLEET MORTGAGES CUTS RATES
June 26, 2019 by David Sellar in category Mortgage NewsFleet 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. […]
0 0 Read moreMortgage: Exploding the Self Employed Myth
June 25, 2019 by David Sellar in category Mortgage NewsDon’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 […]
0 0 Read moreWHY USE A MORTGAGE BROKER
June 24, 2019 by David Sellar in category Mortgage NewsMany 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 […]
0 0 Read moreMORTGAGE COMPLETIONS FOR FIRST TIME BUYERS UP
February 19, 2019 by David Sellar in category UncategorizedWith 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 […]
0 0 Read moreRENT CONTROLS FOR LONDON
January 25, 2019 by David Sellar in category Mortgage NewsIt 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. […]
0 0 Read moreFIRST TIME BUYER MORTGAGES FROM SANTANDER
January 22, 2019 by David Sellar in category Mortgage NewsWith rates starting at just 2.45% with £1,000 cashback bonus on completion, no product fee and a free standard property valuation, Santander Mortgages has launched three residential mortgages. These new deals all have a minimum loan size of £75,000. There’s a 2.45% rate at 85% LTV, 2.65% at 90% LTV and 3.60% at 95%. “With […]
0 0 Read moreREMORTGAGE NOW
January 22, 2019 by David Sellar in category Mortgage NewsIf they don’t act as deals come to an end, borrowers who fixed mortgages two years ago could see rates more than double. That means that borrowers with a £200,000 mortgage over 25 years on a repayment-only basis could see repayments increasing by £279 a month – or £3,352.08 a year on average. This is […]
0 0 Read moreMORTGAGE TRENDS
September 12, 2018 by David Sellar in category Mortgage NewsJuly 2018 was the strongest in homeowner remortgages in a decade. However, figures from the Bank of England released yesterday, however, show that remortgaging as a proportion of new lending fell by 2.0 per cent on a quarterly basis. With regard to first-time buyer activity, annual growth was up by 1 per cent, with 31,400 […]
0 0 Read moreHISTORICAL INTEREST RATES
September 7, 2018 by David Sellar in category Mortgage NewsHistorical interest rates Historical antecedents Interest rates were very stable in the UK during the 18th century, staying put at between 4 and 5 per cent. Moving into the 19th century, there was more volatility, with interest rates shifting between 4 and 10 per cent. The first half of the 20th century was a similar […]
0 0 Read moreMORTGAGE TRACKER RATES BECOMING MORE POPULAR
July 5, 2018 by David Sellar in category Mortgage NewsAccording to the latest data by Experian, there has been a sharp increase in the number of consumers looking at tracker rate mortgages.. Experian’s credit search barometer shows almost half (46.8 per cent) of mortgage searches in MAY were for details of tracker rates and deals, according to their credit search barometer. This is significant […]
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