95% Mortgage Guarantee Scheme – what you need to know! The Budget this week was a notable one for anyone looking to buy a home, and not just because of the government’s decision to extend the Stamp Duty holiday. That’s because the Chancellor also announced a new mortgage guarantee scheme, aimed at helping people purchase … Continue reading “Mortgage Guarantee Scheme”
Budget Update March 2021 – The Mortgage Broker Jodi from The Mortgage Broker discusses all the key points from the March 2021 budget including: The Stamp Duty holiday extension and what this means for First Time Buyers and Home Movers How the new 5% deposit mortgages will work More support for the Self-Employed Lenders reactions … Continue reading “Budget Update March 2021”
Customer Mortgage Journey – Applying for a mortgage with The Mortgage Broker – how does it work? What is the best way to find a mortgage? A lot of people simply decide to go to their bank or building society and apply for a mortgage. That can work out fine, but remember you’re only going … Continue reading “The Mortgage Application Customer Journey”
Remortgaging for Debt Collection – A guide to what you need to know Having debt looming over you can be incredibly difficult to deal with. Therefore, you may want to explore the options that are available to you in order to consolidate the debt you have built up and remortgaging for debt consolidation is one … Continue reading “Remortgaging for Debt Consolidation”
Being a first time buyer embarking on your mortgage journey can be both an exciting yet uncertain time; which can leave you with a number of questions, thoughts and worries surrounding your mortgage and the process you will go through as a first time buyer. We have answered some frequently asked questions surrounding first time … Continue reading “First Time Buyer Mortgage Podcast”
What exactly is a re-mortgage? A remortgage is the process of paying off one mortgage with the proceeds from a new mortgage using the same property as security. The first thing to point out with a re-mortgage is probably that it’s a lot quicker, it’s a lot simpler, it’s a lot easier and generally a … Continue reading “Remortgaging – What does it mean?”
Many were expecting a drop in the number of home loans approved in December 2017. However, some were surprised at how big the drop was. The total approved by banks in the final month of the year was 36,115 – far lower than the 39,007 figure recorded the previous month. That amounts to 2,892 fewer … Continue reading “Mortgages Suffer Huge Drop in December”
Many first-time buyers will no doubt be pleased at the changes made to stamp duty in 2017’s Autumn Budget. As of 22nd November, first-time buyers were no longer required to pay stamp duty for residential property purchases worth £300,000 or under. Relief was also announced for those living in more expensive areas such as London, where … Continue reading “Stamp Duty Cut May Not Help First Time Buyers After All”
It seems like a smart idea. Some of those who have invested in bitcoin, a virtual currency that has seen incredible gains over the past year, are considering using their profits to fund house purchases. With an increase of nearly 1,500% posted since this time last year, many are hoping their gains will provide a … Continue reading “Cashing Out on Bitcoin? You Could Have Trouble Getting a Mortgage”
November 2017 marked the month when the base rate rose after 10 years of remaining at the same historically-low level. And as new figures have revealed, that month also marked the lowest number of new mortgages approved for over a year. Trade body UK Finance revealed 39,507 mortgages were approved by banks in November last … Continue reading “Mortgage Approvals Hit New Low in November 2017”