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 […]
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 […]
New Mortgage Charter
New Mortgage Charter encourages lenders to provide you with more support Banks and Building Societies have been encouraged by Chancellor Jeremy Hunt to offer more flexibility if you are finding it difficult to make mortgage payments. Mortgage lenders, the FCA, the Government as well as organisations such as UK Finance and the Building Societies Association […]
100% Mortgage Fears
The resurgence of 100% mortgages has raised concerns in the housing market. While they offer an opportunity for buyers with limited savings to enter the market, the return of these high loan-to-value mortgages has sparked worries about potential risks and their impact on housing market stability. The risks of high loan-to-value mortgages High loan-to-value mortgages, […]
Busting remortgaging myths.
Your circumstances have changed – will you be able to remortgage? We all know life doesn’t stay the same. Our jobs, our relationships, our financial circumstances, they all evolve over time. So if our lives are constantly changing, why should our mortgage stay the same? Your life may have completely altered since you last remortgaged. […]
Should you stay with your lender?
Staying with your current lender may feel like the safest option when your mortgage comes to an end, but that’s no guarantee that you’ll be getting the best deal. That’s why we recommend shopping around to get a mortgage that’s fits you. When there is such uncertainty in the housing market at the moment, you […]
