James Morgans - Mortgage Broker

02/06/2020

**Government Support Schemes**

I have had a couple of enquiries where clients are looking to use Bounce back loans and coronavirus business interruption loans as a deposit for investment purchases.

I wanted to mention that there are a growing number of lenders that will not accept them as a source of deposit.

There are potential other options available if you were looking to make a investment purchase so please do get in touch if you have any queries.

19/05/2020

If you are finding yourself also scrolling through available properties on the Rightmove app why not see if your dream can become a reality?!

Lenders still want to lend, vendors still want to sell and there are buyers ready to buy. Yes it is a complicated market at the moment but that is why I am here!

Get in touch if you want to know the options available to you.

Nothing makes me dream of my new place more than being trapped in my old one. By Emma Beddington

13/05/2020

Interesting news from Lendinvest. They will not consider an application from someone who has taken a payment holiday with any lender.

If you are considering taking a payment holiday or have taken one and would like to talk about what this means for you please do get in touch.

[email protected]

12/05/2020

Before you consider a payment holiday it may be worthwhile looking at converting your mortgage to interest only to maintain payments. Get in touch to discuss your options.

  This will be done to help homeowners avoid defaulting on their mortgages and having their homes repossessed, The Times said. In March, the regulator said it would review the mortgage holiday package in three months and would extend them if it was appropriate. Recent figures from UK Finance reveal...

26/03/2020

***Mortgage Holidays***

I just have a word of warning about requesting a holiday from your mortgage payments.

I have had conversations with clients where they have requested a mortgage holiday ahead of arranging any change in their mortgage rate.

The transfer they have requested has been declined as the lender is classing them as being in financial difficulty. This has left them on the lenders standard variable rate which is usually higher than available fixed rates.

If you are planning on requesting a holiday from your payments, please do make sure you are on the best rate available to you ahead of any request. If you are currently on your lenders standard rate, then drop me a line at [email protected] or message me here and I can go through your options with you.

I would also recommend looking at your mortgage rate options if you are with in 12 months of your renewal date. This is because rates have dipped very low and it maybe that paying to come out of your current rate deal and re-fixing your mortgage on a lower rate will save you money.

If you would rather me do the maths than you then you can reach me at [email protected] or just message me here.

18/08/2019

Why worry about wait times when you can get access to a private GP as part of your critical illness cover.

This service reduces waiting times, giving you access to a GP 24 hours a day, 365 days a year, from anywhere in the world. GP24 will also offer support and information to guide you through the maze of diagnostics, specialists and treatment options available if you decide to access private healthcare.

Growing demand and underinvestment blamed for average wait of nearly 15 days

03/08/2019

How have you prepared?

No-deal Brexit: your financial survival guide

Here’s what might happen to house prices, jobs, savings and pensions – and what you can do about it