Jenny Price - Mortgage Adviser

07/04/2025

In all the current Trump related 🤯🤯🤯, this could be good news!

Drop me an email or a message, if you’re looking at rate options and would like me to help x

Welcome to Money, Sky News' hub for personal finance and consumer news. We kick off each day with a regular feature - on Mondays we delve into what different careers are really like. Today, we chat to a wedding planner. Plus, why petrol and diesel prices could be set for a notable drop.

07/01/2025

Morning and Happy New Year

Are you looking to buy your first home, or to move house, in the coming months? Now would be a good time to get the ball rolling and potentially save on costs for your new home.

Stamp Duty Land Tax (SDLT or Stamp Duty) rates are changing from 1st April 2025, when the temporary increases to the thresholds that were put in place in September 2022, are due to come to an end.

For general, residential, home movers, there is currently no SDLT due on properties up to £250000. From 1st April 2005, this value will reduce to £125000 (and SDLT at 2% will apply for £125001 to £250000 and all other thresholds above £250001 remain unchanged)

Whilst these changes will impact everyone planning to move, it's FIRST TIME BUYERS who will be the most affected.

Currently first-time buyers pay no stamp duty when buying a home worth £425,000. This threshold will drop to £300,000, meaning they will go from paying nothing to paying £6,250 on stamp duty. This is quite relevant for FTB around in the South East and is quite a chunk out of any deposit pot, they may have accumulated.

Please do drop me a message or email me on [email protected] if you would like to look at getting the ball rolling, sooner rather than later. We can discuss what your mortgage potential might be and what the monthly costs might look like.

Jen x

The UK's biggest mortgage lender says house prices rose 3.3% during the course of 2024.

29/02/2024

Hopefully, many of you will have taken action to protect your family, and home, in the event that you are diagnosed with a critical illness or you are no longer with us :(, but have you considered what you would do if you are unable to work due to accident or long term sickness and the mortgage and bills still continue?

If not, you are not in the minority, as only 7%* of UK adults have Income Protection in place!

If you would like to discuss how it could work, what cover is available (self employed/employed or even stay at home parents) and what it might cost, let me know x

Email me - [email protected] or drop me a message

*info per AIG at 21/02/24

20/02/2024

On a day when this article was accompanied by a second one titled "normal service is resumed, as Nationwide increase rates", it might be confusing to know when to do what!

If your current mortgage rate is due to expire within the next 6-7 months, please do drop me an email, comment or email and let us have a look at what your options are ASAP. The chances are you could reserve a rate now and we can monitor to see if things improve, before your current rate expires, or you can sit comfortable knowing that the potential payment increase is not as bad as would have been if we hadn't had a look!

(Your home may be at risk if you do not maintain payments secured upon it)

The average two-year mortgage rate fell by 0.37 percentage points on a monthly basis, the biggest month-on-month drop since the end of 2022, research from Moneyfacts UK has revealed.

24/01/2024

Why use a Mortgage Broker?

As you will be very aware, your mortgage is likely to be your biggest financial commitment. This means shopping around for the best deal is highly recommended. I can help you compare thousands of products from a wide variety of lenders, covering the whole of the mortgage market. This way, you can be confident you’re getting the right deal and not being limited to just one lender! Other positives include;

-I do the leg work, leaving you to get on with life
- can monitor for improvements in the rate selected and swap products, to the cheaper one, where possible
-I can set a diary date to ensure that we review your mortgage again, when the next time comes around.

If you’d like my help with your mortgage requirements, please do get in touch.

[email protected]

(Your home may be at risk if you do not maintain payments secured upon it)

19/01/2024

As we said last week, fixed rates do seem to be reducing which is great news for those looking for a new deal in the next few months. This is in spite of the ongoing shenanigans in the Red Sea so we do wait to see if that has an impact. We are also still waiting for news from a major high street lender, who have stayed put since 08/12 and I will let you all know if this appears.

*Did you know that even if you reserve a new rate now, you could still change your choice, if rates reduce further between now and the date your new one is due to take effect? This is often easier via a Broker as we can monitor for you, whereas a direct lender may not have the capability. Shout if you would like me to help you out with this.

Jen :)

Lenders are reducing rates despite some concern that upheaval in the Red Sea could hit the UK economy.

09/01/2024

Happy New Year all (can we still say that, 9 days in?!)

As you may have seen, some of the big High Street names have started to reduce fixed rates and, with changes in NI rates, affordability calculators are easing slightly, too. This, all combined, could mean that the options for a remortgage may have widened and that new payments, going forward, may not be as hideous as you'd thought. It also might be that the move you were planning, might be viable.

Please drop me an email [email protected] or message me and I would be more than happy to have a look at options for you. x

15/12/2023

Afternoon

As we approach Christmas, and realise it will all be done in 10 days (!), your thoughts may turn to a fresh New Year look at your finances and, particularly, your mortgage. Despite huge increases in other household bills, your mortgage is still generally the biggest zapper of disposable income :(

This recent article does suggest an upturn in positive attitudes, to expectations for house prices and interest rates, next year and does give a slightly more buoyant read than some other articles in the press. It does, however, infer that interest rates will remain higher than we have been used to, especially pre Autumn 2022, for the some time to come.

If your fixed rate is due to come to an end during the first half of 2024, or if you would just like some reassurance that your current product works for you, please do drop me a message or email on [email protected]

Wishing you all a Happy Christmas and prosperous New Year.

Jen

Fixed mortgage rates have reached their lowest levels in six months, a report from Moneyfacts has revealed.

18/01/2023

Afternoon and Happy 2023!

As we all know, January seems to be the longest month ever; no going out, pay day takes forever to come around, it's cold and it is all just a bit bleurghhh!

While you're hiding in the warm, why not take the chance to review your finances for the year and, particularly, your mortgage?

Have a look (or word with your lender) to find out when your current deal is due to come to an end and let me know - I can add it to my diary to make contact in advance or, if already looming, start to have a look now.

Comment below or drop me a message if I can be any help.

Thanks x

27/09/2022

An article that does explain a few of the reasons for lender blanket rate withdrawals and the Brokers’ job being that bit harder, at the moment.

There are still some options and we will get through it (although the other side is a bit of an unknown!) so please do shout if you’d like some reassurance or to look at a fixed rate ASAP.

Jen x

Yorkshire Building Society and Santander join others in suspending mortgage offers to new customers.

22/09/2022

The Bank of England has increased the base rate by a further 0.5% to 2.25% today.

If you haven’t already, please contact me for a mortgage review and let’s see if we can lock you a new mortgage deal in, now.

Drop me a PM, comment or email [email protected]

Your home is at risk if you don’t keep up with your mortgage payments and could result in your home being repossessed.

29/06/2022

It really isn't that long since I was highlighting amazing rates like 5 yr fixed at just less than 1%, but with yet another email from a mainstream lender (Santander, this time) to advise us of an imminent rate increase by up to 0.5% on their fixed rates, now really would be a good time to check what you have andconsider whether a swap onto a fixed rate would be advantageous. If you are on a variable rate, or even a fixed rate, it won't hurt to look. Drop me an email on [email protected], message me or make a comment if you would like to have a look.