Mortgages
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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.
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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.
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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.
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Mixed bag for housing in 2023
Read more: Mixed bag for housing in 2023Unpredictability was certainly a theme for UK housing in 2022, with political turbulence, Bank Rate hikes and shifting post-pandemic supply and demand patterns all contributing to an uncertain and fast-changing market. As we move in 2023, questions still abound. House prices to fall Foremost among these questions is – how far will house prices fall?…
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Offset Mortgages – could this be a solution to mitigate the impact of higher interest rates?
Read more: Offset Mortgages – could this be a solution to mitigate the impact of higher interest rates?What is an offset mortgage? An offset mortgage works in the same way any other mortgage works with the addition of the ability to reduce the amount of mortgage interest you pay. This is done by utilising a savings pot to reduce the amount of the mortgage balance that you are charged interest on. For…
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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…
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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…