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: […]
Dreaming about a new abode is not as easy as you think. It’s one of the most challenging experiences with many hidden risks as address; it is going to be the largest investment of your life. This leads to another noteworthy point that purchasing a home involves so many crucial steps that if one goes […]
A lot of people go crazy with the idea of using a mortgage broker because they believe they will have to overspend their funds but there’s always one case you can’t get over. Along with the expenditure of funds comes a commission that even if you want to dismiss this one, you can’t- it’s mandatory […]
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 […]
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 […]
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 […]
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 […]
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, […]
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. […]
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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