There has been a new lender entering the market recently specifically to target the Self Certification market. The lender, SelfCert.co.uk, is based in Prague in order to circumvent the Financial Conduct Authority (FCA) ban on such mortgages being offered by UK based lenders. Self Certification mortgages first came into the market in the 1980’s and [...]
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Self Cert Mortgages Return
Thursday, January 28th, 2016Buy to Let Calculation Changes
Friday, January 22nd, 2016The Buy to Let market is changing rapidly at the moment and this is being driven by Government (for this read George Osborne) interference in the market, and some of these changes have forced lenders to revise their offerings. As a result of the withdraw of some taxation reliefs they have taken the view they [...]
New Buy-to-Let Stamp Duty Explained.
Thursday, January 7th, 2016New Stamp Duty rates for Buy to Let and Holiday Homes. In the autumn statement the Chancellor announced significant increases in Stamp Duty on Buy to Let and Holiday Homes in England, Wales and Northern Ireland purchased after April 2016. The current rates are, 0% up to £125,000 2% between £125,001 and £250,000 5% between [...]
Is it time to take a fixed rate?
Tuesday, December 16th, 2014Fixed rate mortgages look very good at the moment, the constant threat of rate rises looms in the distance so is it a good time to swap and lock? A big deposit will get you a two-year fix below 2 per cent, a five-year fix below 3 per cent or a ten-year fix at less [...]
Wonga type Payday loan – Warning
Tuesday, October 1st, 2013I will Start by saying this is not an Anti – Wonga campaign and does not only apply to Wonga. It includes all the Payday Loan companies such as, Quick Quid, Kwiki Cash, Cash Cow & Payday Pig plus and all the rest of Quick Cash now type companies. They are all trying to make [...]
Fixed rate v tracker rate mortgage?
Friday, May 27th, 2011We have at last got some good news for everyone. It’s a great time to get a mortgage and you do have some good choices. The big question now is to fix or not to fix your Mortgage rate? You will need to call on 0845 500 3332 to get advice on what is best [...]
New 3 Year Fixed Rates
Friday, April 15th, 2011Due to the resent news that the Base rate rates may stay stagnant for a longer than expected Nationwide has reduced its 3 year fixed rates, The rates are now 3.79% On its 70% loan to value product and 4.79% on its 80% products. The new 3 year rates and Nationwide’s new 5 year range [...]
Fixed Rate or Tracker Rate Mortgages?
Wednesday, March 30th, 2011As a follow up to the previous article on fixed or tracker rate mortgages we have found it has attracted a number of enquiries and also a lot of questions. This was just what we hoped the article would do so updating and going into a little more detail now we are at the end [...]
Budget 2011 – Everything you need to know.
Friday, March 25th, 2011We have added here a information sheet from Mortgage Solutions with everything you need to know about the 2011 Budget. Budget2011 We would love to know your thoughts on this year’s Budget, did it fill you with encouragement or are you like us rather left thinking “O was that it!” Please leave your thoughts and [...]
First Buy Direct
Friday, March 25th, 2011The Budget has now been and gone with many feeling disappointed or confused. 1p off Petrol and 14p on Wine to start with is disappointing for most; I feel more good news was needed as this Budget just left us all feeling flat. One question does seem to have simulated interest and questions is the [...]
95% Mortgages at last
Tuesday, March 22nd, 2011The Skipton BS has just released a true 95% mortgage, it’s available for first Time Buyers and Remortgages with a free survey on Remortgages. We call it a true 95% mortgage as there have been attempts in the past from some lenders to offer the same but they required a guarantor with massive equity in [...]
Moving home? You could be putting yourself at risk to Fraudsters!
Tuesday, March 22nd, 2011A study from the Royal Mail advertising their redirection service has suggested that more than 450,000 home movers a year are putting themselves at risk of identity fraud by not quickly telling companies they are moving. The study discovered that up to 23 per cent of home movers in the UK take two weeks or [...]
Fixed rate or tracker rate Mortgage – News Roundup January 2011.
Friday, January 28th, 2011In short it’s been quite a start to 2011, the papers have finally caught up with what we in the business have been saying for ages, and “the rates will go up in early 2011”. This in turn has caused a panic of people wanting fixed rates Mortgages and the good old banks enjoyed the new demand and put the rates up on their fixed rate products.
End of week report – Purchase Mortgages on the increase.
Friday, January 14th, 2011Report just out from the Coreco National Mortgage Index revels applications for new mortgages have actually increased by 1/3. This echo’s exactly what we have been reporting at the Mortgage Finder after our Brokers at Rest Assured Mortgages have in fact been happily very busy. The report says that in terms of the type [...]
Mortgages, what does 2011 hold for us all?
Friday, January 7th, 2011If you work for a Bank it’s clearly going to be a great year if you believe this article, I suspect there are a few more Bankers with closets full of skeletons which I look forward to reading about but we do appear to be slowly returning to normality, Unfortunately us non-bankers are unlikely to [...]
Good new year news for home owners and estate agents.
Tuesday, January 4th, 2011The number of houses sold in the UK in December 2010 was the highest December figure for three years according to the latest Agency Express Property Activity Index. December house sales were 32% up on January’s, meaning the end of 2010 was much healthier than the beginning. It was a similar story for the number [...]
Halifax reports home now more affordable than at any time in the last 12 years
Wednesday, December 29th, 2010Mortgage affordability for those looking to take their first steps onto the property ladder is at its most favourable for 12 years, according to Halifax. The proportion of disposable earnings devoted to mortgage payments by a potential new first time buyer stood at 27% in September 2010; the lowest since December 1998 and almost half [...]
Confederation of British Industry predictions for 2011.
Monday, December 20th, 2010A report out by the Confederation of British Industry (CBI) says the UK economy will escape a “double dip” next year, but households face a tight squeeze on living standards. With a hike in VAT to 20% coming on 4 January and consumer confidence hitting record lows, ministers will be concerned the UK’s fragile recovery [...]
The Council of Mortgage Lenders has published its predictions for mortgage and housing markets in 2011
Wednesday, December 15th, 2010The CML state: Our forecasts are based on the prevailing consensus among economists that the UK will avoid a “double dip” recession, but that economic activity next year will be uneven. While we expect growth in UK output of a little over 2% next year, the risks are mainly on the downside. With growth in [...]
Weekly News 10th December 2010
Monday, December 13th, 2010This week saw the Bank of England’s Base rate stay static for yet another month. The forecast is that the rate will not increase now until at least the spring and some think it could be longer. It has been revealed that in the November meeting it was yet again only Andrew Sentence who voted to [...]