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Predicting how interest rates will change over the long term is difficult at the best of times. When the political and economic outlook is as changeable as it is at present it is doubly so. However, we all need to be able to plan for our financial future beyond the extent of our two or […]
Since the credit crunch in 2008 and the subsequent financial crash banks have been subject to stress tests by the Government. Part of this was the Mortgage Market Review (or MMR) a comprehensive investigation of the mortgage market that came into effect in 2014. As a result, the mortgage world has toughened up. There were […]
In December’s blog we looked at the likely state of the mortgage market in 2019. We quoted Darren Cook of Moneyfacts as saying that home owners were looking for some certainty about their finances in the face of an uncertain economic outlook. That uncertainty is not all Brexit related by any means, so an awareness […]
When we reach the age of 55 many of us find that our lives are starting to change. For those fortunate enough early retirement may beckon. Children may well be building independent lives and you could be considering your options. In the past this could often mean downsizing or taking out an expensive equity release. […]
A warning by Mark Carney, Governor of the Bank of England in September, that a disruptive no-deal Brexit could cut 35 per cent off house prices added to existing market jitters. Mr Carney’s warning represented an extreme scenario, and the ultimate effects of Brexit on house prices and mortgages will depend on the position at […]
Buying a home is a big step, and it can be discouraging if you are ready to take it, but there are things standing in your way. You want purchasing a home to be a positive experience so it is important to make sure that you are ready for it when the time comes. Here […]
In June 2018 the FCA (Financial Conduct Authority) had 340 regulated mortgage providers on its books. Between them they manage seven million mortgages and have over a thousand different mortgage products. Trying to negotiate that many options as a first-time buyer is going to be tricky. A mortgage advisor is a specialist with in-depth […]
Applying for your first mortgage is a stressful activity at the best of time. There are however some things you can do to quicken the process and reduce the stress of the wait for approval: It helps to be prepared with the information you will need to support your mortgage application. You may be asked […]
Being a mortgage broker, I think that carrying out across the market research is a real advantage. Mainly because it allows me to find the best mortgage possible for your circumstances and requirements. Some people are, however, worried about the affect that submitting multiple mortgage searches can have on their credit score. So, what can […]
As a mortgage broker, I meet many people with all sorts of requirements and concerns. One very common question I come across is regarding the importance of credit scores and particularly around past bad debts and financial difficulties. This Blog covers the main considerations regarding your credit score when applying for a new mortgage: The […]