Considerations on the Mortgage Term.
July 5, 2019 by David Sellar in category Mortgage NewsThe 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 […]
0 0 Read moreBUILDING SOCIETIES ON TOP FOR FTB, 5% AND 10% MORTGAGES.
July 4, 2019 by David Sellar in category Mortgage NewsA 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 […]
0 0 Read moreINCOME REQUIRED BY A FIRST TIME BUYER IN A UK CITY
July 3, 2019 by David Sellar in category Mortgage NewsAccording 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 […]
0 0 Read moreADVERSE CREDIT MORTGAGES
June 28, 2019 by David Sellar in category Mortgage NewsHere 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 […]
0 0 Read more£500,000 NO DEPOSIT MORTGAGE WITH BARCLAYS
June 27, 2019 by David Sellar in category Mortgage NewsAs 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, […]
0 0 Read moreFLEET 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 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 […]
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