Why use a mortgage broker?04 April 2017 | 03:47 PMWhen seeking a new mortgage, it may be tempting to go it alone and arrange the finance yourself but have you considered the benefits that may be offered by a good mortgage broker? It’s a choice that is increasingly being taken by the public with approximately 70% of all mortgages now arranged by mortgage brokers. So what can they do that you can’t? Firstly, the mortgage market is ... (Read More)
Are times about to get tougher?28 March 2017 | 03:40 PMOver the last few days, news outlets have widely reported the latest inflation figures. Due to rising fuel and food prices, the Consumer Prices Index (CPI) has risen to a three and half year high of 2.3% with a peak expected next year of 2.8%. This means inflation is increasing at the same rate as average pay rises so any increase in our wages is gobbled up by inflation! So why wo... (Read More)
Taking a new product from your lender versus a re-mortgage28 February 2017 | 04:06 PMVirtually all new mortgages have either a fixed rate or a discounted variable (or tracker) rate for an initial period. After this period ends the mortgage interest rate and corresponding monthly payments will usually default to the lenders standard variable rate or SVR. Almost without exception this SVR will be uncompetitive against the wider mortgage market, so a pro-active review ... (Read More)
The buy to let mortgage market has changed.14 February 2017 | 04:02 PMGetting a buy to let mortgage is easy right? All you need is a good credit history, a minimum of 20% deposit and a rental income or proposed rental income which is 125% of the new mortgage payment. Well no, not anymore, as the market has changed, with many banks and building societies scrutinising applications in a similar way to a “regulated” owner occupier mortgage. Rental cover... (Read More)
