Mortgages

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Popular Mortgage Deals March 2020

Below are just a few of this month’s popular mortgage deals. Please get in touch with us to discuss any of these deals. Your home may be repossessed if you do not keep up repayments on your mortgage.

March 5th, 2020|Mortgages|

‘Mortgage prisoners’ may be able to remortgage

You may have heard the term ‘mortgage prisoners’ but not know exactly what it is. Mortgage prisoners are those who are trapped in their current mortgage deal and are unable to remortgage or move. The Financial Conduct Authority (FCA) has estimated around 150,000 borrowers are stuck as ‘mortgage prisoners’. Some of the main reasons are [...]

February 29th, 2020|Mortgages|

More hope for first time buyers with the Help to Buy Extension

Since it was launched in 2013, the popular Help to Buy scheme has enabled almost 170,000 households to buy homes; who may not otherwise have been able to. An extension to the successful scheme was announced in the Autumn 2018 budget, now making it available until 2023 for first time buyers only ‘to ensure future [...]

February 28th, 2020|Mortgages|

Borrowing options in your later years

Retirement is an exciting time; the start of a new chapter in life. Whilst we will have worked, saved and prepared for this moment for a long time, many of us will find we don’t quite have enough money to fund all the things we planned to do. Luckily, there are an increasing number of [...]

February 26th, 2020|Mortgages|

Mortgage prisoners finally set for release

Mortgage prisoners may finally be released from their more expensive deals. The Financial Conduct Authority (FCA) has announced that lenders can now carry out a modified affordability assessment for home owners who are up to date with their payments but have previously been unable to switch. There have been concerns about the emergence of mortgage [...]

October 29th, 2019|Mortgages|

Mortgage market remains buoyant but not for all borrowers

The mortgage market has been pretty buoyant despite Brexit uncertainty. Data from banking trade body UK Finance shows approvals for house purchase hit a decade-high in July and were up 3.2% in August. It will be a while before these approvals translate into transactions as it can take a while for sales to be completed [...]

October 2nd, 2019|Mortgages, Uncategorized|

The dangers of borrowing from the Bank of Mum and Dad

Forget Barclays, HSBC or any of the mainstream banks you may have heard of, your next mortgage lender could be a lot closer to home. It turns out the Bank of Mum and Dad is digging deeper than ever to help the younger generation onto the property ladder. A study by insurer Legal & General [...]

September 2nd, 2019|Mortgages|