Lender: Regional Building Society Product: 2 Year discounted rate Rate: A variable rate, currently 6.04%, with a discount of 2.50% giving a current rate payable of 3.54% for a period of 24 months Mortgage Adviser: Craig Leigh Profile: https://themortgagebroker.co.uk/about/meet-the-team/craig-leigh/ Client name: Charlotte Mortgage Application date: 30/10/2022 Charlotte approached us for some advice as she was … Continue reading “Mortgage using solely maintenance income”

Lender: Regional Building Society Product: 2 Year discounted rate Rate: A variable rate, currently 6.59%, with a discount of 3.06% giving a current rate payable of 3.53% for a period of 24 months Mortgage Adviser: Suzy Allen Profile: https://themortgagebroker.co.uk/about/meet-the-team/suzy-allen/ Client name: Maggie and John Mortgage Application date: 15/11/2022 Existing clients of mine, residential fixed rate … Continue reading “Switching to an Interest Only Mortgage ahead of retirement.”

Disbursements are the various costs incurred for carrying out the legal work in relation to buying or remortgaging your home. Most home buyers instruct a solicitor to handle all the legal work for them. The alternative is to hire a conveyancing solicitor. In both cases, the individual will quote the buyer for the services they … Continue reading “Disbursements”

A direct debit is an instruction made by a customer to their bank or building society to make regular payments direct from their account. These are usually associated with bill payments and are often paid from the customer on a monthly basis. Many people confuse direct debits with standing orders, but there is a crucial … Continue reading “Direct debit”

This term refers to any damage sustained by a property that has been let to a tenant, whereby the damage or loss is noted following check out at the end of the tenancy. Dilapidations could refer to damage sustained to the property itself. For example, a door may have been damaged, a window smashed, a … Continue reading “Dilapidations”

Insurance Trusts – How Do they Work? Insurance Trusts Matt Cotter returns to the Mortgage and Protection Podcast to tell us all we need to know about insurance trusts. What is an Insurance Trust and who is it for? A trust is like a will for your insurance policy, it’s a legal document which allows … Continue reading “Insurance Trusts”