Gifted Deposit Mortgages- What you need to know
The genesis of this article stemmed from a case where a client consolidated various funds for a gifted deposit mortgage into one account. Contrary to their expectations, this move created an administrative nightmare and nearly pushed the family to the brink, as the document requirements ballooned with the discovery of additional fund sources. The crux […]
Mortgage lenders begin to factor Experian Boost in applications – Find out how this free service can improve your chances
A significant development has emerged with lenders beginning to incorporate Experian Boost into their application assessments. This free service, a pioneering tool from Experian Ltd, is changing how creditworthiness is evaluated in the UK.
Considering Shared Ownership? Read about the potential pitfalls.
Dr Alison Wallace, senior lecturer in social policy and housing, Centre for Housing Policy, University of York comments to the Levelling Up, Housing and Communities (LUHC) Committee are summarised, highlighting some of the concerns you should consider before buying a shared ownership property, worth reading in full if this is something you were considering: Entry […]
Rightmove’s thoughts on the UK property market into next year
Rightmove have recently released some thoughts on the property market into 2024. Here’s a quick summary of their predictions and data: House buyers delayed purchases due to the mini Budget but are expected to resume in 2024 as asking prices drop by one percent. Rightmove predicts new seller asking prices will decline by the end […]
Can you get a mortgage if you’ve had debt management plans?
This article posted directly by Precise Mortgages outlines their terms for clients who have or have had Debt Management Plans (DMP). In summary: Precise Mortgages offers mortgage products for customers with DMPs. Mortgages are available up to 85% Loan-to-Value (LTV) for those with DMPs. DMPs active for at least 12 months are considered; they don’t […]
BTL Rates cuts ongoing
We are seeing significant and widespread reductions in Buy-To-Let (BTL) mortgage rates across various lenders in the UK during November 2023, indicating a trend towards more affordable and diverse mortgage products in the real estate market.
Blog
Landlords Face Five-Year Deadline for EPC Goals: Exploring Funding Solutions and the Challenges
UK landlords face new EPC rules by 2028, risking £30,000 fines for non-compliance. Funding and lender roles are unclear, impacting both landlords and tenants.
A Glimpse of Hope Amidst Banking Concerns? Swap rates and the BoE rate.
Recent banking sector shifts offer a silver lining for UK mortgage seekers, potentially leading to more favourable rates amid fluctuating swap rates and BoE policy adjustments.
Spring Budget 2023 – Whats the news for homeowners?
Chancellor Jeremy Hunt’s ‘Budget for growth’ pledges billions to boost UK business and workforce, with a £4bn childcare expansion to spur investment and employment.
