The Mortgage Works, who are the buy-to-let section of Nationwide, is looking to connect with landlords who have energy-efficient rental properties. The Green Further Advance product can be used to carry out sustainable home improvements. Some of the most likely changes landlords can make include: Adding solar panels to the property Upgrading or replacing the…
The 95% LTV mortgage scheme, backed by the Government, is now in place. This means prospective homebuyers should find there is support in their attempts to buy a home. Some of the companies have released statements about the scheme A Santander spokeswoman said: “We’re pleased to be supporting the Government’s 95% mortgage guarantee scheme and…
There is no denying buyers need assistance when stepping onto the property ladder. There is a lot to be said for finding a mortgage that is affordable. For many people, the thought of extending their mortgage carries positive and negative elements. The positive side comes with spreading the cost of the mortgage out over more…
There was an increase in mortgage lending of 4.2% on the year-on-year figures for the last quarter of 2020. This saw mortgage lending reach a level of £76.6 billion in this quarter, according to Bank of England fixtures. The share of mortgages which have a low loan-to-value fell by 4.5% on the previous year. This…
Diversity in mortgage products is a positive thing, but not every mortgage product is suitable for every person. There has been a rise in interest-only mortgages, but there are many thoughts as to whether this is good news for the industry, and for applicants. Andrew Montlake, managing director at mortgage broker, Coreco, said; “Many people…
It is perfectly understandable that many home buyers need assistance when buying their first house. There is a lot of money involved with buying a property, and the size of deposit needed to buy a home is huge. This places buyers under considerable pressure, and if people are in a position to assist loved ones,…
As we move into 2021, there should be greater options for mortgage seekers and home buyers. The stamp duty holiday has ignited demand for homes and mortgages, but as things stand, this holiday is set to end in March. This will likely see the market settle down, and this will coincide with mortgage lenders providing…
When you consider the ups and downs of the property and mortgage markets in 2020, the number of approvals for the mortgage sector are astounding. According to a study published by Trussle, it appears as though mortgage approvals were at a record high. In the second half of the year, there was an increase of…
Many prospective buyers will be keen to see a wider range of mortgage products on offer in 2021. A wider range providing greater financial support could be the difference between a household buying a home or not. There are also calls for major lenders to be more proactive when it comes to energy-efficient products that…
If you are looking to arrange a mortgage, but feel as though you need additional help, support might be on offer from a new mortgage lender. Generation Home aims to assist buyers in a fresh way, allowing friends or relatives to also “boost” their savings and invest in the property. Sophia Guy-White is one of…
We all know 2020 has been a challenging year, and many people’s hopes of entering the housing market have been hampered. However, this isn’t the case for every prospective buyer. There is good news for some first-time buyers with news that the Nationwide aims to make it easier for these buyers to arrange a mortgage.…
There has been a lot of talk about negative interest rates, and if you want to know what it means for mortgage holders, we are here to help. The Bank of England base rate of interest has been held at 0.1%, which is a historic low. However, many industry professionals are looking into the impact…
There has been a lot of talk about negative interest rates, and if you want to know what it means for mortgage holders, we are here to help. The Bank of England base rate of interest has been held at 0.1%, which is a historic low. However, many industry professionals are looking into the impact…
If you are looking to arrange a mortgage, you might think it is an impossible task. This is wrong. A huge number of people arrange a mortgage, even people who aren’t in great financial shape. You will also find many current homeowners have previously been denied a mortgage. A recent study by a financial services…
If you are looking to buy a home and arrange a mortgage, it is vital you undertake research. You should follow tips and guidance from the experts, but you should also familiarise yourself with problems and mistakes. Many people in the UK are familiar with MoneySuperMarket, and they follow the teachings and instructions placed on…
While the stamp duty holiday has encouraged many people to consider their options in the housing market, by itself, the holiday will not help all buyers step on the property ladder. There is a feeling that the stamp duty holiday isn’t aimed at first-time buyers. There is a range of measures in place to assist…
While there was an initial burst of activity when the housing market re-opened in May, many people doubted whether this level of demand for homes would last. There is no denying the impact of the COVID-19 pandemic, and it is likely some households who planned to move have now decided to wait. This is a…
With stamp duty measures encouraging people to buy property, it is likely a lot of households will consider applying for a mortgage. When you consider the challenges many people, households and businesses have faced in 2020 because of the COVID-19 pandemic, it is positive to see so many people feeling optimistic as to what will…
According to information provided by the BBC, one-sixth of homeowners arranged a mortgage payment holiday. This is the equivalent of two million people, and it is important to note there are now some concerns about the longer-term impact of the mortgage payment holiday. Lisa Orme is the managing director of Keys Mortgages and she has…
As would be expected by many people, the number of new home loans approved in Great Britain has decreased by 90% since the outbreak of the COVID-19 pandemic. The Bank of England states this is the lowest level since the early 1990s. Even though estate agents have been operating in the property market since mid-May,…
Before you commit to a mortgage holiday, make sure you are comfortable with the costs of doing so.
While the pace with which the housing market re-opened in mid-May took a lot of people by surprise, the demand and activity which followed was predicted by many industry experts. It is believed around 370,000 property deals were placed on hold when the market was paused, so it was inevitable many of these people would…
With the property market re-opening, there is optimism surrounding house moves, and the market in general. There will be many people who decide it is best to wait before they move home, but for many people, this is the right time. A lot of circumstances will have changed during the lockdown, which makes moving a…
With the Government re-opening the housing market, there has been increased demand and movement in the market. While many people will hold off until there is more clarity in the market, it should come as no surprise that some people want to move as soon as possible. Some key figures stated by Rightmove since the…
While these are unprecedented times, it is essential people try to retain as much normality in their life as possible. While it is crucial people follow social distancing guidelines and keep themselves safe, people will inevitably try to do the things they usually do. Also, if people had plans in place before the lockdown, likely,…
The mortgage market is still open, allowing people to step onto the property ladder.
With a mortgage holiday for btl lenders, there is support in the current situation.
The cutting of interest rates is intended to support people and businesses during these challenging times.
With so much uncertainty right now, many people are looking for guidance on taking a mortgage holiday.
Help to buy changes will impact buyers, so it is vital to consider what is best for your needs.
Given the high demand for rental property, it is easy to see why many people consider becoming a landlord and letting property. Of course, being a landlord is far from straightforward, and there is a considerable range of factors to consider when letting property. However, if you familiarise yourself with the sector, you can make…
There are plenty of times in life when you should do things by yourself. There is a lot of praise on offer for people who are handy at DIY, but equally, there are times when you need to call on the experts for help. A great example of this is applying for a mortgage. It…
There is cause for optimism with mortgage approvals hitting a four year high
Will 2020 be the year you arrange a mortgage?
There is optimism that the property market and mortgage market will improve for 2020.
For many people, the traditional length of mortgage is 25 years. However, the market has evolved in recent times, and there is a much wider range of mortgages on offer in the United Kingdom.
It is fair to say arranging a mortgage is a challenging process. Obtaining a mortgage and buying a home is the most significant commitment a person will make in their life
Buying your first home is an exciting prospect, but it can also be a challenging ordeal. We know many people are looking for guidance and support when stepping on to the property ladder. One of the most important pieces of advice for any first-time buyer is to focus on getting the best possible mortgage.
Arranging a mortgage is a massive commitment, and it is easy to see why many people are concerns what will happen in the future. If you don’t have the money to pay your mortgage each month, you run the risk of losing your family home.
If you plan on arranging a mortgage, it is best to review your finances and be confident on what you can afford to borrow.
If you are looking to buy a home, consider as many options as possible, including shared ownership.
First time buyers are looking to buy larger homes than previously.
If you are struggling to find time to arrange a mortgage, there is help available around the clock.
When you are looking for a mortgage, it makes sense to seek out as many lenders as you can.
We all know buying a home is a major commitment, but a recent study suggests many buyers are going into debt over mortgage payments.
Being self-employed is a challenging role, but it doesn’t mean you cannot get a mortgage. Some lenders are happy to lend to self-employed professionals.
Many factors influence mortgage markets, and changing life circumstances are a huge factor to consider.
Having an adverse credit rating is no barrier to buying a home or obtaining a mortgage.
First-time landlords have more mortgage options Obtaining a mortgage isn’t easy, but it is good to know there are many options available. If you are struggling to arrange a mortgage, you will be glad there are letting industry options available for you in the short-term, but this relies on landlords arranging their mortgage. A recent…
Mortgages still matter In the current economic, political and financial climate, it is perfectly understandable some people have concerns about the property market. Many people find themselves priced out of the market, or at least, they believe they are priced out of the market. The question do mortgages still matter has to be answered with…
I have a zero hour contract, can I get a mortgage? When it comes to getting a mortgage these days, most people accept it is a difficult task. However, if you are on a zero-hour contract, you may wonder if obtaining a mortgage is an impossible task. With the number of people working with a…
Applying For A Mortgage? Get Ready When it comes to finding a mortgage, it is vital to make informed decisions. It is understandable why so many people look to the internet for advice and guidance, but it is essential to remember that not all the information you’ll find on the internet is relevant to you.…
Applying For A Mortgage? Get Ready When it comes to buying a home, most people need to have a mortgage in place. Given the sums of money involved, the majority of buyers won’t pay by cash or bank transfer. There is a need to find financial assistance, and this is where a mortgage offer is…
If you’re looking to buy a home, it is likely you will need to arrange a mortgage. The mortgage is expected to be the most critical aspect of buying a home, and the most significant financial commitment you will make in your life. Given the importance of the mortgage, there needs to be time allocated…
Buying a home is challenging, and it is helpful to get as much guidance and support as you can. A lot of people rely on estate agents for help at many parts of the process, but an estate agent may not be the best person for guidance at every step of the house buying process.…
If you are looking to buy a home, there is a strong chance you will need to arrange a mortgage. Arranging a mortgage is a daunting prospect for many people, but help is at hand. A lot of people turn to a mortgage broker for guidance, but if this is your first time obtaining a…
What Mortgage Insurance Is Right For Me? A mortgage is likely to represent the most significant commitment you make in your life. The focus is on owning your home, but the mortgage payments, which have to be met each month, is the overriding factor that you need to consider when stepping on to the property…
Essential Self-Employed Mortgage Tips You Must Know If you are self-employed and looking to buy a home, you will have a few concerns. There are many benefits associated with being self-employed, but there are some drawbacks too. Over the years, many people in self-employment have struggled to obtain a mortgage. However, times are changing. The…
Applying For A Mortgage? Get Ready Buying a home can be an exciting time, but it can also be a daunting prospect. For many prospective buyers, arranging a mortgage is the most challenging task. Your mortgage is likely to be the most substantial commitment you make in your life. Therefore, it is perfectly understandable that…