Mortgage Nest

27/05/2022

Santander has recently increased its LTV for self-employed homebuyers, allowing new customers to borrow up to 90% of a property’s value with a mortgage.

Existing self-employed customers moving home will still be able to borrow up to 95% LTV.

Affordability will be based on an average of two years’ income.



0131 364 4878
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mortgagenest.co.uk

18/04/2022

"...many current homebuyers recognise that while a new-build may cost them an initial premium, the long term cost benefits outweigh this initially higher cost.”

Thinking about a new-build purchase? Get in touch to discuss your options!

0131 364 4878
[email protected]



https://theintermediary.co.uk/2022/03/demand-for-new-homes-continues-to-climb-nations-new-build-hotspots-revealed/?fbclid=IwAR2nAIFozCRoFQVOsxmOk6rYljvSao5L4ihcnyOUUK4QRfoCICbT3-i20Ro

Unlatch has analysed the changing demand for new-build homes across 22 major cities across the UK between Q4 2021 and Q1 2022.

31/03/2022

House prices grew at the strongest pace since 2004 in March, up 14.3% on the year, according to the latest Nationwide House Price Index!

On a monthly basis prices were up 1.1% on February.
The index also found that average house prices now exceed £260,000 for the first time with the price of a typical home now 20% higher than in February 2020.

Thinking about starting your property journey? Get in touch!

Contact:
[email protected]
0131 364 4878

https://www.mortgagenest.co.uk/

https://theintermediary.co.uk/2022/03/march-house-price-growth-strongest-since-2004-nationwide/?fbclid=IwAR0cPUj2UH_feoKy4Sp0Lhy5cEOifcqxLAueRIOXznflAlfyiXlR2kkKrYc

Looking for a new Nest but unsure of the best Mortgage for you? Let us do the hard work for no fee!

23/02/2022

TSB has reintroduced 5-year and 10-year fixed rates to its first-time buyer, house purchase and remortgage ranges.

5-year fixes start at 1.99% at 60% loan-to-value (LTV) with a £995 fee, increasing to 2.49% fee free at 85% LTV deal.

For a 10-year fix rates range from 2.04% at 60% LTV (£995 fee) and 4.14% at 90% LTV.

Get in touch for more info!

0131 364 4878
mortgagenest.co.uk
[email protected]

21/02/2022

The price of property coming to market has risen by 2.3% this month (+£7,785) to a record high of £348,804! This is the biggest monthly jump in pounds recorded in more than twenty years, according to the latest Rightmove data.

https://www.financialreporter.co.uk/house-prices-see...

0131 364 4878
mortgagenest.co.uk
[email protected]

19/01/2022

In a nationally representative survey of 4,002 people, 42% of tenants said they would like to buy their current rental home, if it were feasible.

Currently renting and want to explore your mortgage options?

We have appointments still available next week!

0131 364 4878
mortgagenest.co.uk
[email protected]

https://www.financialreporter.co.uk/nearly-half-of-uk-renters-want-to-buy-out-their-landlord.html?fbclid=IwAR1I3nKjjAtzl_BGTpWc3CcOI66phI9d39W0g0-Q_TFTr9uK32YRpNS8T_4

A significant proportion of those renting a home would like to buy it from their landlord if circumstances allowed, according to new research by gradual homeownership provider Wayhome.

12/01/2022

Mortgage availability as a whole has continued to improve, with 5,394 fixed and variable rate mortgage products included in this month’s moneyfacts.co.uk research, up from 5,315 in December 2021. This is the highest level of total product choice seen in the past 13 years!

When was the last time you reviewed your current mortgage deal?! 🤔

mortgagenest.co.uk
[email protected]

https://moneyfacts.co.uk/news/mortgages/bank-of-england-rate-hike-filters-through-to-mortgage-deals/?fbclid=IwAR3uNBdoVCe6yHJCH72Pl40dY-Vzkv-3-ny3dVFTUNC4Q7NB6W0B62WKQyg

The Bank of England’s surprise December interest rate increase has begun to filter through to the mortgage market, pushing up the cost of both fixed and variable rate deals.

20/12/2021

In response to news that the Bank of England is intending to change their affordability rules to make it easier for some homebuyers to take out mortgages, Rob Clifford (Chief Commercial Officer at MSS) has stated:

“This move ultimately means that it will be up to lenders to decide how they approach new applicants, handing them the power to determine their own assessments of affordability when offering terms to intermediaries and their prospective borrowers rather than imposing a top-down approach. It has the potential to open up the market to more buyers and moves away from the current situation which forced lenders and intermediaries to assume very high go-to rates that were highly unlikely to ever apply to that borrower.
Clearly, lenders must remain prudent given the wider market backdrop and the prospect of rate rises in 2022 but this move should enable mortgage providers to more appropriately set their risk appetites and to carefully help more borrowers.”

https://www.thetimes.co.uk/article/axing-of-affordability-rules-will-mean-buyers-can-take-out-larger-mortgages-kh9vnbrhd?fbclid=IwAR2ojM264p_-scQlVcP2uDN5c5DvQctQPjjrQW7Ai9uxciaocPMyRaq_iWU



[email protected]

mortgagenest.co.uk

The Bank of England is to scrap affordability rules to make it easier for some homebuyers to take out mortgages.The Bank’s financial policy committee (FPC) said

02/12/2021

Annual house price growth remained strong in November at 10.0%, marginally higher than the 9.9% recorded in October, according to the Nationwide Building Society’s latest house price index.

https://bestadvice.co.uk/nationwide-house-prices-up-0-9-month-on-month/?fbclid=IwAR10vKme6LPkgtLcg5JuMfhd6wzdRJbsi2WyOYZDFgZiQSgkz6qS0OccVdA



To explore your mortgage options, get in touch!

[email protected]
mortgagenest.co.uk
0131 364 4878

Annual house price growth remained strong in November at 10.0%, marginally higher than the 9.9% recorded in October, according to the Nationwide Building Society's latest house price index.

27/10/2021

An estimated 88% of mortgage lenders will lend to self-employed mortgage applicants, according to research conducted by the Intermediary Mortgage Lenders Association (IMLA).

https://www.mortgageintroducer.com/imla-88-lenders-lend-self-employed/

Get in touch to explore your options!

mortgagenest.co.uk

[email protected]

An estimated 88% of mortgage lenders will lend to self-employed mortgage applicants, according to research conducted by IMLA.

05/10/2021

*** NEWBUILD 5% DEPOSIT MORTGAGES ***

“Nationwide today becomes the first major lender signed up to Deposit Unlock – a mortgage indemnity scheme which supports 95% LTV lending on newbuild properties”. 🔐

Find out more in this recent article from the Financial Reporter:

https://www.financialreporter.co.uk/mortgages/nationwide-becomes-first-major-lender-to-support-95-deposit-unlock-scheme.html?fbclid=IwAR1eACIPl5l4vR9Yr8vncAPmVb_4aY70cDt7dQA-QSt12yO7M_FX90y6h5U



[email protected]

mortgagenest.co.uk

Nationwide today becomes the first major lender signed up to Deposit Unlock – a mortgage indemnity scheme which supports 95% LTV lending on newbuild properties for both first-time buyers and 'second steppers' up to the value of £750,000.