2014

Mortgage Market Review and income and affordability

Mortgage Market Review and income and affordability

How the Mortgage Market Review affects affordability An area where the upcoming Mortgage Market Review has already had an impact is in affordability and budget planning. The Mortgage Market Review makes the lender responsible for confirming that a regulated mortgage contract is affordable to the borrower. This of course means that full evidence of income […]

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88 days until the Mortgage Market Review

88 days until the Mortgage Market Review

88 days to go to MMR We are now 88 days from the changes to the Financial Services and Markets Act (2000) coming into force as the result of the Mortgage Market Review – 12 weeks from the biggest legislative changes in the mortgage market since 2004. But what does this mean for the borrower? […]

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Bad credit mortgages and Guarantors

Bad credit mortgages and Guarantors

Bad credit? Can a Guarantor help? Often, when speaking to bad credit mortgage applicants we are told that they have a Guarantor available to assist their application. A Guarantor is an individual who is prepared to put themselves forward to assist a mortgage application by agreeing to become responsible for the debt if the borrower […]

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How to download your Experian credit report

How to download your Experian credit report

Download your credit report online When we ask clients to provide their credit report to us we would usually suggest Experian.co.uk as a suitable provider. We do require the complete credit report, details of the summary or the Experian credit score figure are of no value to us. We provide a secure upload link to […]

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What kind of debtor are you?

What kind of debtor are you?

How do you borrow? All day every day we speak to mortgage applicants with blemishes on their credit history – late payments, defaults, County Court judgements, debt management plans, bankruptcies and individual voluntary arrangements. The latest fashion is the payday loan, and we regularly see mortgage applicants who have no need of payday loans who […]

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Development Finance

Development Finance

Financing developments Are you looking at property as an investment? Considering an auction purchase? a renovation? perhaps conversion or development? If so, do you require funds to complete the purchase and building works? If you have approached your bank or other mainstream lender you probably exited empty-handed. Some commercial funding may be available on larger […]

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