General
-
How long is a mortgage term?
Read more: How long is a mortgage term?The right mortgage term for you depends on your individual circumstances. Mortgage terms can vary between 5 – 40 years, although the majority of lenders will want the mortgage to be repaid before retirement and usually by a specific age, such as 75. The shorter the mortgage term, the less interest you will pay in…
-
How much can I borrow?
Read more: How much can I borrow?There are a number of factors that determine how much a lender will lend. These include, but not limited to, your income, credit commitments, housing costs, dependant adults or children, the size of deposit or equity available & the mortgage term.
-
Whole of Market vs. Tied advice?
Read more: Whole of Market vs. Tied advice?Some mortgage brokers, like ourselves, offer advice from the whole of the market. A tied advisor will only offer advice from a select number of lenders. This may mean you do not get access to the best products or miss out on the right mortgage for you by using a tied advisor.
-
Where can I get a mortgage from?
Read more: Where can I get a mortgage from?You can get a mortgage from a bank, building society or a specialist mortgage lender. You can apply direct to these companies or you can use a broker. A broker will advise you on the right deal for you as well as assisting in the application stage.
-
Big changes announced for homeowners living in high-rise buildings
Read more: Big changes announced for homeowners living in high-rise buildingsNatWest and Lloyds Banking Group (including Halifax, Birmingham Midshires, and Scottish Widows) have recently announced they will be changing their criteria in early 2023. They will no longer require an EWS1 form on any blocks of flats over 5 storeys high for properties in England. This change is set to benefit thousands of homeowners living…
-
Worried about increasing rates? Speak to your Mortgage Broker
Read more: Worried about increasing rates? Speak to your Mortgage BrokerThe days of cheap mortgage rates appear to be a thing of the past for homebuyers and home movers alike for now. Many will be confronted by the harsh new reality when their existing fixed-rate deals come to an end in the coming months. In the summer of 2021, mortgage interest rates were historically low…
-
Why life insurance is a crucial safety net
Read more: Why life insurance is a crucial safety netFewer than one in four people has a life insurance policy that would support their family in the event of their death, a new study1 has found. As the cost-of-living burden worsens, experts fear that the protection gap could continue to widen. Indeed, a tenth of respondents said they have already given up one or…
-
How it’s still possible to make a positive decision, despite the current mortgage market
Read more: How it’s still possible to make a positive decision, despite the current mortgage marketMortgages became headline news in October. Despite the current mortgage market, it is still possible to make a positive decision. Rates rise The political turmoil recently initially sent interest rates soaring and left millions of mortgage holders with hundreds of pounds more to pay each month. Liz Truss’ brief stint as Prime Minister has resulted…