The following is a real life case study that took place in March 2012 to show that there are still lenders that will consider some outside of the box thinking when applying mortgage underwriting. What did the client want to achieve? An existing client approached us to look at porting his existing Woolwich residential mortgage … Continue reading ““Outside of the Box” Mortgage Underwriting”
There are many decisions to be faced when you are looking to purchase a property. Which mortgage is best for you? Which repayment terms are best? Which lender is going to give you the best deal? Added to all that is the option of whether you should use the services offered by a mortgage adviser … Continue reading “Estate Agent’s Mortgage Adviser or Mortgage Broker?”
The Facts About Mortgages for People with Low Income What is a low-income mortgage? If you need a residential mortgage but are concerned that your low income will make this impossible, think again! Some mortgage lenders will be very happy to consider lending to you although, you need to know which lender to approach as … Continue reading “Expert Guide To Low-Income Mortgages and How to Get One!”
As an existing / current client of the company I would really appreciate two minutes of your time to vote for us in The British Mortgage Awards. This award would mean a lot for our Company as it helps build trust and respect to other clients who are looking for mortgages and helps give them … Continue reading “Vote for The Mortgage Broker in the British Mortgage Awards”
Is it Possible to Obtain Ex-Pat Mortgages in the UK? Some mortgages are far easier to find than others, at least where a range of choices is concerned. Ex-pat mortgages do not usually fall into this bracket, however. While you can obtain an expat mortgage in the UK today, very few lenders are willing to … Continue reading “Ex-Pat Mortgages”
The government announced at the weekend that English first-time buyers are set to benefit from its new mortgage indemnity scheme the so-called NewBuy initiative. The new scheme is being sold as a chance for younger Britons to get a chance to climb onto the UK housing ladder despite today’s adverse economic conditions. Under the scheme, … Continue reading “New Government Mortgage Indemnity Scheme Launched”
The watchdog Financial Services Authority (FSA) has said that there is still a mortgage ticking time bomb potentially endangering 1.5 million borrowers with interest-only mortgages. The FSA said that this time bomb was unlikely to be completely defused, despite the recent comprehensive tightening up of mortgage lending regulations, and many mortgage-holders with interest-only loans may … Continue reading “Mortgage ‘Time Bomb’ Endangers Interest-Only Mortgage Borrowers”
The industry body representing the part of the mortgage industry which markets its loans through intermediaries warned at the weekend that the Financial Services Authoritys Mortgage Market Review (MMR) still contains some areas of contention regarding how best to regulate the sector. The Intermediary Mortgage Lenders Association (IMLA) acknowledged that the MMR had made a … Continue reading “IMLA Raises Further Concerns Over FSA Mortgage Market Review”
When you go to see a mortgage broker, you probably don’t want them to be a comedian rather than a level-headed financial expert but that’s what some potential mortgage customers faced when former They Think It’s All Over host Nick Hancock took a break from the BBC to enter the world of home loans. In … Continue reading “Nick Hancock’s Mortgage Broker Years – Not a Shining Success”
The Nationwide building society has become the latest lender to crack down on interest-only mortgages, insisting that any new residential borrowers must have at least 50 per cent equity in their property if they wish to avoid capital repayments on their home loan. Previously, Nationwide was prepared to arrange interest-only mortgages with borrowers who had … Continue reading “Nationwide Clamps Down on Interest-Only Mortgages”