Self-employed? Arranging a mortgage should not be a full time job.08 November 2018 | 10:40 AMAccording to the Office of National Statistics, the self-employed market has increased from 3.3 million people (12.0% of the labour force) in 2001 to 4.8 million (15.1% of the labour force) in 2017. For many it is the conclusion of a dream, but applying for mortgage finance does bring with it barriers that they will not have been exposed to when in an employed position. Many lenders, ... (Read More)
HELP! MY MORTGAGE PAYMENT HAS INCREASED11 September 2018 | 11:52 AMSo, after years of monthly “no change” interest rate announcements (other than the post referendum decrease being subsequently reversed), Bank of England base rate increased from 0.5% to 0.75% in August, this is the first increase above 0.5% since 2009. Many mortgage holders have happily remained on standard variable or tracker rates of interest during the intervening 9 years, whilst ... (Read More)
Contract workers – a complex market…..?01 November 2017 | 10:41 AMThe last 10 years have seen a huge change in the way people are employed in the UK, as employers have made a distinct move towards different types of employment contracts. Unlike years gone by, it is now rare that an employee works for the same firm for 30+ years on a permanent contract and then retires. The employment market has become increasingly populated by contract workers who... (Read More)
What is happening to interest rates?18 September 2017 | 04:17 PMWe may be entering changing times in the mortgage market as the prospect of rising interest rates became ever more likely today. The Monetary Policy Committee September meeting (they determine the Bank of England’s interest rate) said that interest rates may rise “in the coming months”. This has been driven by a number of factors but most notably inflation has risen from 1.4% at the... (Read More)
