Miranda Hickey - Mortgage and Protection Advisor

Miranda Hickey - Mortgage and Protection Advisor Meet Margo

11/11/2024

👋Hello again!

To says it’s been a little busy over here would be an understatement, I always manage to forget how busyOctober is!

So a few reminders and market updates from me;

✏️If your mortgage renewal is due as far as April 2025 we can secure your new rate now.

📉Bank of England has reduced Base Rate to 4.75%.
If you are on a Tracker Rate mortgage, the rate you will pay has reduced.

📈However, we have continued to see increases in fixed rates this week! With some lenders increase as much as 0.31% this evening!

So moral of the story, don’t sit on the fence waiting for fixed rates to decrease. We can lock in your rate and monitor for any reduction ahead of your completion.

📧 [email protected]

29/10/2024

Half term this week so I will be working reduced hours to spend some time with my girls.

However, at my laptop all day today so a little reminder the best way to get in touch is my email;

[email protected]

Have the best day 🍂🎃☕️

12/10/2024

Back from the most amazing celebrations for my birthday and preparing for my upcoming client meetings this week.

🚩This is your reminder that if your current fixed rate mortgage is due to expires between now and April 2025 you can start to look at your mortgage options and secure a new rate. 🚩

We would then support you by monitoring for a reductions in interest rates between now and your renewal.

Today is a little bit exciting!! 🥳💜 Our Meet Margo App is now live! 💜The Meet Margo Mortgage Adviser app is available on...
11/06/2024

Today is a little bit exciting!! 🥳

💜 Our Meet Margo App is now live! 💜

The Meet Margo Mortgage Adviser app is available on iOS and Android, starting with remortgages.

Allowing you to;
- Search thousands of deals from 70+ lenders
- Browse tailored deals in the most cost-effective order
- Chat with our advisers and set up calls easily
- Follow a simple timeline to see your progress
- Get insurance advice to protect your family
- Keep important documents safe in one place
- t’s free to download and use

Our mission at Meet Margo is to make great mortgage advice more accessible, and the launch of our app is part of that mission.

1.6 million homeowners are due to remortgage this year at much higher rates than the last time they shopped for a deal (UK Finance, 2022). Our app provides an easy-to-use tool designed to support better-informed decisions when it comes to your next mortgage deal.

07/05/2024

Lenders continue to keep us on our toes!!

We've had emails this morning from lenders both increasing and decreasing their interest rates.

Our advice is always to be proactive;

- Remortgaging? Review your mortgage rate 6 months before your renewal.
- Purchasing? secure your mortgage as soon as you can once your offer has been accepted on a property.

This then gives you peace of mind that your mortgage rate is locked in, also allowing time to keep an eye on the market for reductions as you approach your renewal / completion.

23/04/2024

📦Porting your Mortgage...

Following on from my last post regarding mortgages in principle, this also means I have been discussing Porting mortgage for my clients who are moving.

So, what is porting...? 🏡

Majority of mortgage lenders allow you to transfer your current fixed rate to a new property.
This means you hold on to your current rate against your current balance, and avoid your exit fee!💰

We can also increase your borrowing if required, this additional borrowing would be based on ‘today’s’ interest rates.

When porting your current lender will reassess affordability and credit scoring.

A good broker can manage the port of your mortgage for you as each lender has slightly different processing and rules.

20/04/2024

Thinking of buying…

Lots of mortgages in principle put in place this week for my clients who are viewing properties over the weekend 🔑

So…What is a Mortgage in Principle? 📄

A MIP confirms eligibility for a mortgage showing how much you can borrow.
It is supported by a soft credit search to confirm you will be considered for a mortgage.

Why is it needed? 🤷🏼‍♀️

Estate agents will need your MIP to show your offer is feasible and to formally take the property off the market.

When should I get a MIP? 🏡

We recommend having yours in place before you start viewing.
So you know you are looking in the right price bracket and peace of mind credit scoring is successful.

Absolutely gorgeous property with the best agents🤩
18/04/2024

Absolutely gorgeous property with the best agents🤩

17/04/2024

🔧New build purchase and incentives 🧱

Lots of new build developers like to offer ‘incentives’ such as deposit contribution, paid stamp duty, or funds towards ‘upgrades’🏡

However, did you know most lenders will not consider a mortgage on the property if the ‘incentives’ exceed 5% of the property value.

My client has been offered a total of 10% incentives from the developer split between 'white goods' and deposit contribution. So I have researched the lenders to make sure the lender we apply to is happy to consider BEFORE we do the application. ✅

16/04/2024

Happy Tuesday!

Little ones are now back to school and nursery following the easter holidays, I admit, I slightly missed them yesterday!

Busy week ahead, and lots of new purchases in the diary which is super exciting for my client who are moving for buying their first home.

I love hearing what my fellow business owners are up to each day, and without a physical product to show it is sometimes difficult to provide content with out repeating myself.
So, my plan.... to provide you all with an overview of the cases I have been working on. As no two mortgages or days are the same!

As always, my inbox is always open

Miranda x

Happy Friday! It's the last day of our Easter Holidays and we spent our morning admiring this view 🌸Back at my laptop ge...
12/04/2024

Happy Friday!
It's the last day of our Easter Holidays and we spent our morning admiring this view 🌸
Back at my laptop getting through my to do list before the weekend, my inbox is always open if I can help.

Hope everyone has a lovely weekend

27/03/2024

📉Interest rate changes…

We had numerous lenders changing their products yesterday.
A few increases, a couple decreases in interest rates.

Remember if we have your application in hand we’ll automatically monitor the market for any rate reductions we can access.

🔓First time buyers…
More positive news of a new scheme introduced meaning you can purchase a property with a £5k deposit.
There is qualifying criteria for this, if you would like to know more please feel free to reach out.

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Felton
NE659DS

Telephone

+447816272315

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