April, 2015

Mortgage market review – one year on – what’s changed?

Mortgage market review – one year on – what’s changed?

MMR on it’s first anniversary This weekend brings up the first year of trading under the mortgage market review. So what affect has the review had on the market and on options for mortgage borrowers? Expected changes following MMR When the final details of the MMR were announced in 2013 we identified two major changes […]

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Interest only purchases

Interest only purchases

Interest only at 75% loan to value Over the last three years options for interest only mortgages on residential purchases have been all but eliminated. Where interest only mortgages are offered by lenders, the lender frequently asked you to provide supporting information on investment vehicles such as ISA’s. In many cases the value of your […]

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How to buy a new build flat with a 5% deposit

How to buy a new build flat with a 5% deposit

Buy new build with 95% mortgage Have you seen a newly built apartment that you find attractive and would like to purchase? Is the size of deposit you have available an issue? Most lenders will lend up to just 75% or 85% loan to value on a newly built flat. On a £200,000 purchase you […]

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Seriously ill, unable to work, how will you pay your mortgage?

Seriously ill, unable to work, how will you pay your mortgage?

Cancer? Heart Attack? Stroke? Where will that leave you? A serious illness such as cancer, heart attack, or stroke can change your life in so many ways. Will you return to work? If so, will it be with the same capacity? In the same role? On the same income? Will your lifestyle change dramatically? Will […]

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How will your family cope when you are gone?

How will your family cope when you are gone?

Can your family live without your income? If you are the main breadwinner in your home, how will your family cope when you are dead. The death of a partner or parent is devastating. You can however,  remove the financial stress on your loved ones with some sensible prior planning. It is up to you […]

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Not working, how will you pay your bills?

Not working, how will you pay your bills?

Need your salary this month? Next month? What if you are sick? We rely on our monthly income to keep ourselves and our loved ones fed and housed. So, where will you be if you can no longer work due to accident or sickness. Employed? For how long will your employer continue to pay your […]

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Off sick? How’s business without you?

Off sick? How’s business without you?

When you run your own business you need to be there. What happens if you are too sick to work? Do you manage the business and the revenue earners? Do you bring in the sales? Are you the main revenue earner? Whatever your role, inability to work at your full pace will affect your profits […]

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Buying from mum or dad under market value? – Concessionary purchase.

Buying from mum or dad under market value? – Concessionary purchase.

Yes you can buy from Mum or Dad If you are buying a property from your mother or father under market value, lenders know this is a concessionary purchase. If you are contributing deposit from your own funds in the usual way, then this wouldn’t be a concessionary purchase. A concessionary purchase, is a different […]

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Survey says good news for Self Employed borrowers

Survey says good news for Self Employed borrowers

Results of our Self Employed Mortgage Borrowers Survey Our survey shows good news for our self-employed mortgage enquirers and has given us great encouragement with regard to those self-employed respondents. Call us now for advice on self employed mortgages on 020 8979 9684 Self Employed trading style 45% of our respondents were sole traders, 45% […]

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Survey says good news for Bad Credit Borrowers

Survey says good news for Bad Credit Borrowers

Results of our bad Credit Mortgages survey Our recent survey of our bad credit mortgage enquirers has revealed a lot of good news that will help them to achieve their mortgage lending. Call us now for advice on bad credit mortgages on 020 8979 9684 Deposit Having a good size deposit is very important if […]

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