Jargon Buster
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What is a Gifted Deposit?
Read more: What is a Gifted Deposit?You family or friends may be willing to gift you money to help with the deposit towards purchasing a property. The lender will want to ensure this gift is not being loaned to you, and the person giving you the deposit will not retain any interest in the property. Typically a lender will want a…
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What is a deposit?
Read more: What is a deposit?A deposit is the amount of money you are using to purchase a property alongside the mortgage. A higher deposit will mean a lower loan to value which will mean you maybe able to get a lower interest rate for your mortgage
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What is an AIP?
Read more: What is an AIP?An Agreement in Principle (or Decision in Principle) is the first step towards having your new mortgage approved. You will need to confirm to the lender your income, outgoings and what you require from your mortgage. The lender will use this information to assess whether the mortgage is affordable and also complete a credit check.…
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What is a mortgage?
Read more: What is a mortgage?A mortgage is a loan that a lender secures against your property. A mortgage can be used to buy a property or re arrange existing finance.
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Bennison Brown feature in Sarah Beeny’s At Home magazine
Read more: Bennison Brown feature in Sarah Beeny’s At Home magazineWe’re proud to reveal a feature with advice about buy-to-let mortgages from Bennison Brown in Sarah Beeny’s Homes and Property edition of At Home magazine.
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Are you losing thousands of pounds on a standard variable rate?
Read more: Are you losing thousands of pounds on a standard variable rate?[THIS ARTICLE WAS PUBLISHED ON 6 JUNE 2017 AND NOT ALL THE RATES MENTIONED ARE NOW STILL AVAILABLE – PLEASE CALL OUR OFFICE FOR AN UPDATE]Almost three million borrowers are currently paying their lenders standard variable rate. On average these borrowers could save £272.50 per month by remortgaging to a better deal. Bennison Brown has…
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Mouth watering low 2-year fixed mortgage rates
Read more: Mouth watering low 2-year fixed mortgage rates[THIS ARTICLE WAS PUBLISHED ON 5 JUNE 2017 AND NOT ALL THE RATES MENTIONED ARE NOW STILL AVAILABLE – PLEASE CALL OUR OFFICE FOR AN UPDATE] In the latest mortgage price war a 2-year fix has been launched for a 60% loan to value at less than 1%. Rates have also been cut for borrowers…
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Is now the right time to fix for 5-years?
Read more: Is now the right time to fix for 5-years?[THIS ARTICLE WAS PUBLISHED ON 03 MAY 2017 AND NOT ALL THE RATES MENTIONED ARE NOW STILL AVAILABLE – PLEASE CALL OUR OFFICE FOR AN UPDATE]A lender has launched the lowest 5-year fix available on the market for borrowers who have a 60% loan to value at a very attractive rate of 1.59%. There are…