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?

Bank-of-England-interest-rates

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 Buyers with bad or low credit score

First Home Scheme

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

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 […]