Extension to Mortgage Guarantee Scheme
The government has confirmed that the mortgage guarantee scheme will run for another year to offer more support to first-time buyers. The scheme was introduced in April 2021 to increase the availability of 95% loan-to-value mortgages after they were withdrawn during the pandemic. The scheme offers lenders the financial guarantees they need to provide mortgages that […]
Possibilities abound for FTBs in 2023
It’s fair to say that there’s a lot of gloom around the housing market right now. But 2023 could provide ideal opportunities for first-time buyers (FTBs) to get on the housing ladder. Buyers’ market Most experts are predicting significant price falls in 2023, which would be the first time that house values have dropped for […]
Mortgage lenders cost-of-living help
Mortgage lenders pledge cost-of-living help Many mortgage holders have seen their monthly payments soar in the past year. Alongside other cost-of-living pressures, the rise in this large monthly outgoing can be a major cause of stress. A meeting on 7 December 2022 provided some clarity and comfort. Chancellor Jeremy Hunt and the Chair of the […]
Could you survive financially?
Could you survive financially? Nearly half (45%) of adults between the ages of 25 and 44 who don’t have a protection policy aren’t sure they could cope financially if they were too ill to work. Worrying research from LV= suggests that a large minority of working adults could be in significant danger of financial distress […]
Supporting you in 2023 and beyond
We’ve made it to 2023 after what has proved to be another difficult year. The cost-of-living crisis, rising mortgage rates and ongoing economic turbulence resulted in a challenging 2022 for many of us. No matter what 2023 has in store, we’re here to help keep your finances on track. Navigating a cooling housing market With […]
How will Brexit affect your mortgage?
Brexit. Remember that? I know, it has been a long year, with a lot going on, but as we now head towards 2021 the end of the Brexit transition period is approaching, and change is afoot. One thing is quite clear is that Brexit is unlikely to directly effect the UK mortgage market. Ironically, back […]
How Covid -19 has affected your application
How Covid -19 has affected your mortgage application 2020 has been an interesting [ to put it mildly] year, and the global pandemic and the economic effects it has had have definitely been experienced within the mortgage market here in the UK. The UK government has tried to negate some of the immediate effects of […]
A Guide To Limited Company BTL Mortgages
Limited Company Buy to Let Mortgages A guide to limited company buy to let mortgages It is firstly important to point out that whilst a limited company is supposed to limit the liability of the shareholders and directors, borrowing a buy to let mortgage under these terms will require you to sign away those protections […]
Types Of Adverse Credit
Types of Adverse Credit A guide to the types of adverse credit Keeping your credit file in good order is an important factor when applying for a mortgage and ensuring you achieve the best interest rates available. Adverse credit is a key factor in determining the interest rates that will be available to you, and […]
How To Improve Your Credit File & Score
Some key things you can do to improve your credit file are quite simple to achieve, but please note whilst some will have an impact immediately credit files typically require time to improve and won’t happen overnight. Other than the obvious thing of paying the debts you have on time. Below are some fundamental things […]