The Council of Mortgage Lenders (CML) has released data that reveals mortgage lending reached its highest level for seven years in 2015. The total amount borrowed last year was £220.3 billion. An increase of 8% year-on-year This figure represents a healthy increase compared with the figure for 2014. The total is 8% higher than the … Continue reading “Seven-Year High on Mortgage Lending in the UK”

The Mortgage Broker (St Neots) Ltd has now been officially shortlisted in the BROKER PEOPLE OF THE YEAR – First Time Buyer category at the British Mortgage Awards 2012. The British Mortgage Awards will take place on Tuesday 3rd July at The Westminster Park Plaza, London. Managing Director, Darren Pescod, had the following to say … Continue reading “Shortlisted for The British Mortgage Awards 2012”

The reasons why you might remortgage your home. To do it or not to do it… remortgaging is a topic that ties lots of people in knots. Very often, it seems far easier option to stick with the mortgage you’ve got now. Unfortunately, that can mean you pay more in interest. That could cost you … Continue reading “Should I Remortgage Now?”

Landlords would be forgiven for feeling as though they have been hit from all quarters in recent months. Various tax and regulation changes have seen income drop for many landlords, with some exiting the buy-to-let market altogether. Others have decided to switch to a limited company setup to protect their income, to further ensure their … Continue reading “Significant Buy to Let Profits Still Possible But Only Long Term”

2015 has been a positive year thus far for anyone looking for a good mortgage deal. According to the latest reports approximately £1,700 has been shaved off the cost of a mortgage over the past four weeks alone. The Daily Telegraph has been looking into the latest figures and determined this amount could potentially be … Continue reading “Significant Fall in Mortgage Costs in a Four-Week Period”

The Skipton Building Society announced today that it has cut the costs for customers seeking to take advantage of its buy-to-let mortgages. Borrowers looking for a two-year fixed-rate buy-to-let mortgage with 70 per cent or less loan-to-value (LTV), will now receive interest rates of 3.89 per cent, compared to 4.09 per cent previously, as well … Continue reading “Skipton Cuts Buy-To-Let Mortgage Costs”

Broker Savills said that there will be an 11 per cent drop in house prices between now and 2016, returning the market to a level far closer to the financial landscape in 2001-2. It said that repossessions will likely be kept to a minimum thanks to continuing low interest rates, which will also help prevent … Continue reading “Slow and Steady House Price Drop Set for Five Years”

Recent data has revealed buyers with deposits worth a maximum of 15% of the property price now account for one-fifth of the current mortgage market. February’s figures from e.surv saw 20.5% of buyers contributing a deposit worth 15% or less of the property price. This national figure is up by 1.8% on the previous month. … Continue reading “Small Deposit Buyers Make Up One-Fifth of the Mortgage Market”

A recent survey by the charity Shelter has produced some sobering results with regard to how people meet their mortgage payments. While most people manage to pay them from their monthly earnings, the survey revealed a small percentage has resorted to payday loans to help ensure they meet their regular payments. 2% have resorted to … Continue reading “Small Percentage of Britons Use Payday Loans to Meet Mortgage Payments”

For many people, the route to paying off their mortgage will be to continue making monthly payments until the amount is completely cleared. However, recent research has shown that around 9% of those who still have mortgages are planning to use their pension pot to clear the outstanding balance. The research was conducted by Partnership, … Continue reading “Some People Plan to Dip into Pension Pot to Clear Mortgage”