When it comes to managing your mortgage, there often comes a point where you need to make a decision as homeowners, that could significantly impact your financial future. Two common options that homeowners consider are mortgage product transfers and remortgages. While both choices offer unique advantages for homeowners, the importance of seeking advice from a […]
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Whether you’re dreaming of a modern kitchen, a luxurious bathroom, or expanding your living space, funding your home renovation project can be a challenge. However, there are two options worth considering: applying for a further advance or applying for a remortgage. Further advance If you’re happy with your current mortgage, applying for a further advance
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According to the Office for National Statistics, as fixed rate deals come to an end in 2023, over 1.4 million households with a mortgage are at risk of rolling onto their lenders Standard Variable Rate (SVR) and paying significantly more than they would if they didn’t look to remortgage onto a lower rate. If that
Is your mortgage rate coming to an end? Read More »
Case study 1: First Time Buyer Meet John, a 28-year-old working professional who has just landed his dream job in Bedford. He has been renting a flat for the past five years and is ready to step on the property ladder. John has saved £25,000 and has a good credit score. He is looking for a
Is this you? Mortgage case studies Read More »
While having bad credit can certainly make it more difficult to get a mortgage, it’s not impossible. When you have a poor credit history, you are more limited on which mortgage deals you can access, in turn this can lead to more costly options. What is bad credit? If you have ‘bad credit’, or a
Bad credit? Can you remortgage? Read More »
As we mentioned recently, the news around mortgage rates and deal availability has no doubt been heard by you and your loved ones, but are you worrying? We are here to help. Our role is to help you avoid worry and stress surrounding these headlines. It is important to remember that a lot of these headlines
Your Mortgage options – we’re still here to help Read More »
As you’ve no doubt seen or heard in news broadcasts in recent days, the changes made to the Bank of England’s base rate, along with the Chancellor’s mini-budget, has thrown curveballs to many with financial responsibilities such as mortgages. Many lenders have removed deals from the market and mortgage brokers are being faced with clients
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One of the biggest challenges you may face when trying to capital raise when your lender may not give you a Further Advance (when you take on additional borrowing from your current mortgage lender) and large early repayment charges may stand in the way of re-mortgaging. Whether the money required is for debt consolidation, home
Could a second-charge Mortgage help navigate significant early redemption charges? Read More »
Let-to-buy is when you rent out your existing home and buy a new one to live in.Essentially, it involves having two mortgages at the same time. You convert your existing mortgage to a buy-to-let mortgage so you can let out your current home, and then take out a standard residential mortgage on the home you’re
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Everywhere you turn there are articles and stories on the rises in the cost of living. The rise in rates impacting the mortgage market is no different. Rates do indeed continue to climb, however not at the frightening pace it is often depicted. Rates are rising from the lowest rates we have seen in some