Reasons to review your mortgage amid the cost-of-living crisis
Did you know we could secure a remortgage/product transfer 6 months before your existing fixed rate ends Table of Contents Why Mortgage Advice is crucial amid the cost-of-living crisis. With the rate of inflation at a 30-year high and the expectation that it will climb higher in April. We are all finding that the escalating […]
How will the interest rate rise affect my mortgage?
Interest rates have increased to the highest level since 2009 as the Bank of England tries to tackle the rising cost of living. Rates rose from 0.75% to 1%, the fourth consecutive increase since December. Inflation is rising at its fastest rate for 30 years, with fuel, energy and food costs soaring in part because […]
Remortgage V Second Charge Mortgage
When looking to raise funds from your property, it can be challenging to work out whether it is better to remortgage, take a further advance or look at a second charge mortgage. You may not even fully know all your options. Below we will give you a quick introduction, plus an overview of the circumstances […]
Help to buy case study with bad credit
The customers came to us via our website mortgage enquiry form. They were looking for their first mortgage, they also needed to buy via the Help to Buy scheme. Despite a few credit problems in the past, we were determined to help the couple and their 5 children purchase their first home. We sourced the […]
First time buyer mortgage and NHS key workers
The customers came to us as first-time buyers and both NHS key workers, they currently rented a property. They wanted to buy their first home
The 95% Mortgage Government Backed Scheme: What You Need to Know
What is the 95% mortgage scheme? A 95% mortgage allows the buyer to borrow a maximum of 95% of the property price. This is known as the loan to value amount.
Stamp duty holiday extended and 95% mortgages now available
Today (3 March 2021) the Government announced 95% mortgages are now available to buy properties up to £600,000 with just a 5% deposit.
Government to launch a new 95% mortgage scheme for first time buyers and home movers with a 5% deposit
Exciting news was received over the weekend, for prospective first-time buyers and those who would like to move home, but only have a deposit of 5%.
First Time Buyers with bad or low credit score
Finding a mortgage for a first-time buyer with poor credit can be difficult. Most first-time buyers want to borrow more than 85%, which can massively reduce their lending options. Having a bad or low credit score will make getting a mortgage a little trickier, this has also been exacerbated over the last year due to tightening […]
A Guide to Affordability
Affordability can also be down to the property you are looking to purchase as well, if you are looking to refurbish a property it would be never advisable to borrow to your maximum affordability
What Credit Score do you need to get on the housing ladder?
Having poor or bad credit doesn’t always mean you won’t get a mortgage, but it can affect the options available to you.
90% Loan-to-Value mortgages starting to return to pre-pandemic levels as Lender confidence grows
Lending in 2020 was massively impacted by the COVID-19 pandemic. In April 2020, due to the lockdown, we saw the property market come to a sudden halt and lenders started to withdraw products from their lending portfolios, mainly those that required the smallest deposits. It was reported, at the time, that before the lockdown there […]
Will the stamp duty holiday continue past March 2021
This year has been a roller coaster when it comes to the mortgage market, during lockdown 1 in March Mortgage Products fell dramatically with lenders very nervous what the affects of the pandemic would bring, removal of higher LTV schemes saw less first time buys able to get a foot on the ladder. The transition […]
Furlough Mortgages
The current situation with furlough You may have been on furlough or finding yourself on an extend period with the current scheme running until 30th April 2021. If you are looking to purchase a property or remortgage your current home, you may find it difficult to find a lender to accept your furloughed income, especially […]
Help to buy scheme – April 2021 – March 2023
The new Homes England Help to Buy Equity loan scheme commenced on the 16th December 2020. This scheme is only open to first time buyers purchasing a new build property. The scheme is design to help people struggling to save their own deposit to meet lenders requirements and get on the housing ladder. Even if […]
