We are seeing an increase in enquiries for clients looking to buy themselves out of longer term fixed rates. The terrible uncertainty of 2008 and 2009 (not happy times!) saw lots of homeowners plug for caution and security by fixing their mortgage payments for 5...
Yes! Basically, a good mortgage broker will have access to deals that are not just available on the open market!Especially, if you’re a first time buyer, looking to remortgage or a working professional, very often there might be specific deals available that for your particular...
So the Chelsea Building Society have launched the lowest ever 10 year fixed rate. Lots of lowest ever rates seem to be hitting the headlines at the moment….not surprising really with Bank Base Rate staying put at 0.50%On the face of it it seems like...
No. Not going to be allowed to happen. Portuguese default? No. Spanish? No. Italian? No. No no no! Why not? Because it doesn’t suit the Bankers. Lehman brothers did not work out very well. Political upheaval is a worry, but can be controlled. Poor old...
Diligent, helpful and proactive. That’s what you know us as and don’t deny it. So imagine our frustration and dismay last Friday morning when we couldn’t get hold of one of our main London property owners. This deal had a few hours to go through,...
The lack of funding in the mortgage market has opened up new ways for new players to enter the world of mortgage lending.Sir Callum McCarthy, former chairman of the FSA, is heading up a new lender, Castle Trust. The firm will offer partnership mortgages. They...
Banks are very keen these days to promote the concept of “loyalty”. A recent development has been the launch of lower rates for customers with existing bank accounts. Funnily enough though, normally a “loyalty deal” can be beaten by just shopping around the mortgage market.Really...
A quick note on this a few days after the news that Santander are now insisting that all mortgages with loan to values over 50% are set up on a capital repayment basis (i.e. no interest only).This news signals either a dramatic worsening of lending...
I have been delighted to use The Mortgage Works (TMW) Light Refurbishment product for Buy to Let. Whilst it has been on the market for a number of months, I have just had reason to use it for the first time. And what a great...
Great news – for the banks.As they start to publish their figures for the first half of 2010 it seems they are all back in the black. The upcry this week will be over the fact this is simply not being passed onto businesses or...