Welcome to our blogs which relate to the financial services you may be interested in from mortgages to pensions; protection to auto-enrolment and many more. So why not grab a drink and enjoy the read.
Affordability is an issue for many first time buyers. ‘Helping Hand’ mortgages from one of our lenders could help first time buyers borrow up to six times their income. Features and benefits With Helping Hand, first time buyers could borrow up to six times their income. That’s up to 33% more. Building trust and confidence by their expertise, showing the
A major lender has recently launched a Family-Backed Mortgage which helps first-time buyers purchase a property with assistance from a friend or family member and get on the property ladder sooner. Eligible buyers are now able to apply for a joint mortgage with friends or family members, while still purchasing the property in their own name. This is sometimes known as a
What are Offset mortgages and who are they best suited to? How Offset works An Offset mortgage is a product that allows a borrower to ‘link’ their savings to their mortgage account. Borrowers only pay interest on the difference between the Offset savings balance and the mortgage amount, so their savings reduce the mortgage interest they pay. An Offset mortgage is
Falling house prices and turbulent mortgage rates made 2023 an unpredictable year for homeowners and movers. As the first buds of spring start to appear, is a calmer year on the cards? Three key questions dominate analysts’ minds it seems. First, do house prices have further to fall? Second, will mortgage rates go lower? And third, how will affordability change
Joint Borrower Sole Proprietor (JBSP) mortgages can offer a family solution to affordability. Who can support a Joint Borrower Sole Proprietor arrangement (JBSP)? For owner occupier arrangements, family members who can provide support include parents, grandparents, siblings and aunts / uncles For a Buy to Let arrangement, a spouse or parent can support For a reverse JBSP, adult children can also
The mortgage guarantee scheme allows would-be property buyers access to 95% loan to value (LTV) mortgages – meaning you need a 5% deposit – on properties worth up to £600,000 The mortgage guarantee scheme, which allows first-time buyers to take out a mortgage with a 5% deposit, has been extended again. Following the Autumn Statement, the mortgageguarantee scheme sees first-time
Both two and five-year fixed-rate deals have dropped according to data from the financial information company Moneyfacts.The average rate on a two-year fixed deal is now 6.49%, with a five-year rate at 5.99%. The majority of UK mortgage holders are on fixed-rate deals, and with more than 400,000 people expected to move off existing fixed deals in the coming months
Despite volatility in the mortgage market caused by last year’s mini Budget, interest in mortgages has remained stable. While high inflation and the Bank of England’s decision to continue to increase the base rate could serve to dampen this level of activity this year, there are still a high number of products expected to mature. As such, thousands of mortgage
Are you a homeowner and wishing to help your children or grandchildren onto the property ladder, but don’t have the cash available to do so? There could be a solution… Family Assist schemes within the mortgage market are becoming more popular and readily available. Your son/daughter (or grandchild) could potentially obtain a 100% mortgage or put down only a very
Getting a foot on the property ladder is an aspiration that dates back generations. Unfortunately, some mortgage myths are just as old. If you’re looking to buy, it’s important to know fact from fiction. MYTH 1: You need a perfect credit ratingA bad credit history can have a negative impact on your mortgage application, but it doesn’t make getting a