100% mortgages are back!

A deposit free, first time buyer, 100% mortgage is available to private tenants who feel ‘trapped’ in the rental cycle and are over the age of 21. The product is subject to affordability and credit score, plus evidence of a minimum of a 12-months good track record of a privately rental property.

Clever Mortgages sees mortgage rates drop, despite Bank of England rate increases.

Bank-of-England-interest-rates

Clever Mortgages, who arrange mortgages for all types of customers, be that with a poor or excellent credit score, has advised homeowners and potential purchasers that with fixed rate mortgages falling to their lowest levels in six months, reviewing mortgage offerings can lead to a substantial reduction of interest payments. Following the announcement from the […]

What is a fixed rate mortgage UK

What is a fixed rate mortgage UK

A fixed rate mortgage basically means that your interest rate and payments won’t change for the initial product period of your mortgage.

How does a credit score work?

Credit scores

Have you ever wondered how a credit score works? How it can affect you? Or why there are different agencies that create your reports?
Below we answer your questions and a link to a free credit report check*

What is a residential mortgage?

Residential mortgage

A residential mortgage in the UK is a loan that is used to purchase a property for use as a primary residence. The lender, typically a bank or building society, uses the property as collateral for the loan. The borrower makes monthly payments to the lender until the loan is fully repaid, which is typically over a period of 25-30 years.

Right to Acquire scheme – The ultimate guide

Right to acquire scheme

Right to Acquire is a scheme available if you are a housing association tenant in England. The scheme gives tenants the right to purchase their home at a discounted price. To be eligible for the scheme, tenants must have had a public sector landlord for at least three years.

Moving House Checklist

Moving House

Moving house checklist. Please find below our hints and tips for moving house.
Firstly, plan ahead, dont leave it until the last minute.

What is Equity Release?

equity release

Equity release is a way to get cash from the value of your home. It allows you to unlock some of the equity (money) tied up in your property

Top Tips for Surviving the Cost of Living Crisis for Pensioners

The price of everyday essentials such as food, petrol and energy are more expensive, meaning that your money simply won’t go as far as it used to.

With costs already significantly higher than six months ago, there are growing concerns that prices are set to increase even further come Autumn.

What does a mortgage adviser do?

Female mortgage adviser - mortgage broker

A mortgage advisor acts between yourself (the client) and the mortgage lender. Their role is to help identify your requirements, your current situation and find a mortgage product that is suitable.