Mortgages 101 What Every Young Adult Needs to Know
Buying your first home is a big step, and it’s often one of the most significant financial commitments you’ll ever make. If you’re a young adult preparing to get on the property ladder, understanding the basics of mortgages can help you feel more confident and ready for this important milestone. Here’s what you need to […]
Understanding Stamp Duty Land Tax: Essential Insights for Property Buyers
We frequently address queries regarding the complexities of property acquisition, especially concerning taxes like Stamp Duty Land Tax (SDLT). Whether assisting first-time buyers or seasoned investors, understanding SDLT is vital, as it significantly impacts the overall expenditure on a property. Here, we provide a comprehensive overview of SDLT, highlighting the current thresholds, rates, and important […]
Do you feel like you have to jump through more hoops when applying for a mortgage just because you’re self-employed? Not sure which way to turn?
We’re here to help. As mortgage advisers, we can assist you in understanding the self-employed mortgage market and any challenges you may face. What is a self-employed mortgage? There isn’t a specific product called a self-employed mortgage; you will be applying for the same mortgages as those who are employed. The key difference is that lenders assess […]
Navigating Mortgage Repayment Challenges: A Four-Step Guide
The current financial landscape, with the Bank of England (BoE) raising its base interest rate to 5.25% as of September 2023 – a peak not seen in 15 years – has left numerous homeowners grappling with their mortgage repayments. If you’re nearing the end of a fixed-rate deal, you might be transitioning from a comfortable […]
Mortgage next steps
As you approach the conclusion of your fixed-rate mortgage term, it’s natural to ponder the next steps, especially in a climate where interest rates have surged following a period of historic lows. The current economic landscape, marked by a cost-of-living crisis and the highest inflation rates in nearly four decades, adds layers of complexity to […]
Understanding Product Transfers vs. Remortgaging: A Comprehensive Guide
Navigating the mortgage landscape can often seem like a daunting task. However, when your current mortgage deal approaches its conclusion, two primary avenues emerge: a product transfer or a remortgage. Each option comes with its unique set of advantages and considerations. Let’s delve into the differences and the implications of each. What Exactly is Remortgaging? […]
Navigating Current UK Interest Rate Rises Amidst Lowering Inflation: Implications for Mortgages
The economic landscape is an intricate tapestry woven with various threads, where factors like interest rates and inflation play a pivotal role in shaping financial decisions and markets. In recent times, the United Kingdom has found itself at a crossroads as interest rates rise against the backdrop of decreasing inflation. This delicate dance between interest […]
Decoding the Stress Behind Mortgage Applications
Acquiring a home is a monumental life milestone, and for most, it necessitates navigating the labyrinth of mortgage applications. However, what should ideally be an exciting journey into homeownership often becomes a source of stress and anxiety. In a revealing statistic, two-thirds of mortgage applicants find themselves grappling with stress during the application process. Let’s […]
The Bank of Family And Its Impact On The UK Housing Market
The bank of mum and dad has expanded to become the bank of family. Its expansion has enabled it to underwrite an even bigger percentage of the UK’s mortgages. This means it has developed even more influence on the UK’s property market. This influence is, however, somewhat controversial given that not everyone has access to […]
Mortgages could cause household woes
As homeowners, it’s crucial to be prepared for the possibility of an increase in mortgage interest rates. Such increases can impact monthly repayments and overall financial stability. This article will explore five effective strategies to help homeowners navigate potential rate hikes and hence ensure they are equipped to handle higher mortgage costs. Reviewing current mortgage […]
