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?”

With the demise of the self cert market we get a lot of calls from recently self employed clients that are looking to find out what type of mortgages are available in the current market place. There are at least 3 lenders who operate in this market place as long as one has a reasonable … Continue reading “Self Employed for 12 Months Only? Residential Mortgages Still Available”

The Virgin Money Takeover of Northern Rock Background Since Northern Rock established as a bank back in 1965, as a merger between two of the North Easts Building Societies, it has really struggled to gain itself a respectable reputation when it comes to customer services and offering its customers an engaging range of mortgage deals … Continue reading “Service Improvements at Northern Rock”

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”