If you are in retirement, dont despair as mortgages are still available to you with most mortgage lenders on a residential and buy to let basis subject to meeting the lenders criteria. Residential Retirement Mortgages The majority of mortgage lenders will lend up until the age of 75 and will take on the mortgage if … Continue reading “Retirement Mortgages”

Mortgages on retirement properties are available although only a select few lenders offer these types of mortgage deals due to the restrictive covenants placed on the property. Thankfully the lenders that do operate in this market place offer competitive mortgage deals that is at the same rate as their standard mortgage deals. If you are … Continue reading “Retirement Property Mortgage”

After the Brexit vote came in towards the end of June, everyone has been watching and waiting to see what the immediate effects might be. One area of particular interest has been the base rate the rate that directly affects the interest rates applied to mortgages, not to mention bank and savings accounts too. Last … Continue reading “Rise or Fall: Where Are the Mortgage Rates Heading Next?”

Data gleaned from the latest Halifax Housing Market Confidence Tracker makes for interesting reading. Most surprisingly, less than a third of people currently meeting mortgage payments are worried about the potential for future rises in interest rates. The data reveals just 29% of participating mortgage holders aged 16 and over are concerned about this factor. … Continue reading “Rising Interest Rates Not a Concern for Majority of Homeowners”

Spanish banking giant Santander became the first major high street bank operating in the UK to demand a 50 per cent deposit from homeowners looking for an interest-only mortgage. This means that anyone applying for such a mortgage will need to put up 50 per cent equity in their property before their application is considered. … Continue reading “Santander Demands 50 per cent Equity for Interest-Only Mortgages”

Mortgage lending has been strong at Santander lately, and this in turn has led to an increase of 13% with regard to their UK profits. The boost saw their profits increase to £532 million across the first three months of the year. While Santander is not among the so-called Big Four high street banks, it … Continue reading “Santander Sees Profits Soar Thanks to UK Mortgage Lending Rise”

An increase in remortgages offset an overall drop last year in the number of mortgages agreed in Scotland, new figures published by the Council of Mortgage Lenders (CML) Scotland. There was a 7 per cent fall in the number of Scottish mortgages agreed, with 44,500 being completed in 2011, the CML said, although there was … Continue reading “Scottish Mortgages Fall in 2011 Although Remortgages Increase”

The news is filled with articles, polls and potential outcomes regarding the forthcoming Scottish referendum. In little over a week the Scottish people will be asked whether or not they want their country to become independent from the rest of the UK. One thing is apparent at the moment and that is the fact there … Continue reading “Scottish People Could Have Pricier Mortgages if They Say Yes to Independence”

Self build mortgages are available from a wide range of lenders with varying deals being offered from mortgage companies: some will lend you funds in advance of your land purchase and the start of the build, others may offer more completive deals in terms of fees and interest rates but they may only release cash … Continue reading “Self Build Mortgages”

Although self cert mortgages in the residential mortgage market are no longer available, we still get daily enquiries for them. Usually the enquiry comes in a familiar format and depending on the type of enquiry depends on whether a new mortgage deal would be available. I’m self-employed, can I self-certify my income? We have numerous … Continue reading “Why A Self Certified Mortgage Is Not Always The Only Option?”