Ellis Macey Mortgages

13/10/2021

6 top tips that will help you get a mortgage

You probably already know that having a healthy credit score is essential to a successful mortgage application, but how can it be achieved?

Maximise your chances with these easy tips :-

1. Ensure you are on the Electoral Register

The electoral register may help improve your credit score is because it allows any interested party to confirm that you are who you say you are, and that the details you have provided are accurate.

2. Check your credit report for errors

If you spot errors, you will need to contact your credit issuer directly to correct them.

3. Reduce your debt

Potential lenders will consider any existing debts and they may reduce the amount of mortgage they are prepared to lend

4. Avoid using overdrafts and ensure regular monthly payments are made

An overdraft is another form of borrowing, even if it’s free, so avoid going into an overdraft if possible.

Any late or missed payments, will impact on your credit score – and your ability to get a mortgage. Use calendar reminders on your phone, if you need to, to stay on top of your recurring payments.

5. Repay more than the minimum on credit cards

Repaying the total amount owed each month will give you the best credit score. Or at least repay the maximum you can.

6. Consult a Mortgage Broker

They won't just offer you mortgages to apply for, but they'll investigate your individual finances and take you through what you need to do be successful in your application.

06/10/2021

Is your mortgage rate going to rise soon?

Buyers nearing the end of their deals are being urged to lock into a new rate as inflation may bump up interest rates.

Higher energy and food bills, plus inflation heading towards four per cent, means household bills are on the increase too.

The Governor of the Bank of England, Andrew Bailey, has warned that higher inflation may mean interest rates need to rise and has not ruled out a rate rise before the end of the year.

Buyers with fixed rate deals running out should look at rates now by locking into a new fixed-rate loan.

Those with variable rates should consider acting too, they may even reduce their monthly mortgage payments.

It’s estimated that those Buyers who do not take independent advice could be overpaying by £2,500 per year

For most homeowners coming to the end of a current deal, a fixed-rate loan is the soundest option.

It offers payment certainty as well as protection against rising interest rates which a standard variable rate, discounted rate or a tracker do not.

Borrowers with less than six months remaining on their existing loan deal should be acting now to secure a new one.

You can fix a new deal six months in advance with most lenders.

If rates on fixed rate loans were then to reduce even more in the meantime, you could switch to a lower rate with the lender before the new deal starts

Now could be the right time to lock into a loan that will provide buyers with payment stability.

06/09/2021

Received this email this morning, great start to the week, thank you : -

Good morning, Mark,

Hope you are well, we have fully reviewed the documents and we fully agree with what you have sent use, please can you send ASAP so that the things can move forward ASAP please

We are over the moon with this outcome, and we cannot thank you enough, you commitment and support to us has been incredible and you are an amazing person.

In relation to what happens next & how do we proceeded?

Many thanks again

Stuart, Marcia & Mark

18/08/2021

Are you looking for a Mortgage or Remortgage?

You could:-

· Traipse around different Banks and Building Societies, who generally can only offer their own ‘in house’ products

· Spend endless hours in mortgage appointments – good luck with that

· Get Credit Checked lots of times possibly leading to problems in the future

· Simply go to your own bank

· Get automated robotic advice

But how do you know you are getting the most competitive rate over the next 2, 3, 5 or more years?

You could be wasting money, paying unnecessary Arrangement fees, Valuation fees, Legal fees etc.?

You could be paying a higher interest rate than you need to?

If you are tired of looking, unsure, or confused, we can help

Are you ready to talk to a Licensed Mortgage Broker?

We have access to the whole of the market

We can help you solve most of your problems if you have any. From bad credit to Portfolio Landlords to Commercial Mortgages.

So, if you are ready to talk to a human professional who will work for YOU to get YOU the best arrangement for your circumstances then call, email OR DM us

We can offer you phone, video and, where reasonable, face to face appointments

Whatever your needs and aspirations, we never charge for an initial 20-minute consultation

Take a look at my reviews on my website or VouchedFor.

In addition, we will offer fee-free Mortgage Arrangements to the first 20 people who respond quoting: FFMAEMFS

So stop procrastinating and get in touch, nothing to lose, everything to gain

Mortgages made easy, by us, for you

13/08/2021

New Appointment Booked!

13/08/2021

New Appointment Booked!

Independent Mortgage Adviser based in the West Midlands Ellis Macey Financial Services is a trading name of Access Financial Services. With an office based in the West Midlands, we specialise in mortgage and protection products. Unlike most banks and building societies, who can only offer their own....

07/08/2021

Should you use a mortgage broker?

Currently Lenders are competing for new business and offering record low rates. The time to look for a new mortgage or Remortgage is now, but should you use a Mortgage Broker?

Before I joined the industry I might not have, but now, I see the money that clients can save through reduced or no fees for arrangement, booking, legals, valuations etc.

I often tell my clients if I can’t save them money and time then don’t pay me, it’s never happened!

These days, brokers do more than simply churn out a list of available mortgages for a hefty fee, so it could be worth your while to see what they can offer.

Even if you are pretty clued up about the mortgage market, you might be missing a trick by not using a broker, as we have access to a large range of mortgages and often exclusive deals with lenders.

We can also help speed up the application process by getting you fully prepared and steering you towards mortgages you will be accepted for.

I’m arranging a mortgage currently for a young couple who, unknowingly, had a slight ‘blip’ on their credit record. Fortunately, I found it and can react accordingly.

They could be applying for a mortgage directly only to get turned down as a result. This would mean that they had to disclose they were turned down previously on their next mortgage application.

What do you think about using a Broker? Or going direct? Answer in the comments below please