AllCity Finance Business

13/04/2023

Starting April 1, 2023, landlords cannot continue to rent out a property if its energy rating is below E, unless, they have made all energy-efficient changes that cost less than £3,500 or get an exemption. Note: In April 2025, the minimum rating will go up to C. To find out more, download the free EPC guide from the website.

06/04/2023

Starting April 1, 2023, landlords cannot continue to rent out a property if its energy rating is below E, unless, they have made all energy-efficient changes that cost less than £3,500 or get an exemption. Note: In April 2025, the minimum rating will go up to C. To find out more, download the free EPC guide from the website.

You may be charged fees for mortgage advice.The fee is up to 1% but a typical fee is 0.5% of the amount borrowed. The actual amount you pay will depend upon your individual case and circumstance.

24/02/2023

🏡📈🔥Attention renters and potential homebuyers!
Are you tired of being stuck between a rock and a hard place? The price for being a landlord is getting too high. Some mortgage payments are now more than the rental income they are receiving. Some HAVE to raise rents to break even, while others are desperately trying to sell off their properties. But here's the good news - this may present a great chance to get a bargain on a property! 🤑👀
If selling landlords flood the market with properties and demand stays low because affordability criteria push most buyers out, prices are going to fall. 📉💰. Meaning buyers can negotiate a discounted price. But to take advantage of this opportunity, you need to be prepared. Because other more prepared buyers will also be in the market.
That's where we come in. We have a step-by-step guide and a free checklist to help you get all your ducks (docs) in a row. 🦆📝
Don't miss out on this once-in-a-lifetime opportunity because you were not prepared.
Click 👉🏼 "https://www.allcityfinance.com/mortgage-document-checklist/" to access our free guide and checklist now. ⏰👉🏼 Don't wait to get prepared, act fast! The market won't stay like this forever. 🏃🏻‍♀️💨

23/02/2023

Is it possible to cut the mortgage application process by WEEKS?... And get accepted even during a recession? Yes it is and

With predicted property price drops (up to 15% drop in 2023) and lower competition for those houses due to interest rates make now is the perfect time for first-time buyers to take action.

Buying a home during a recession is no easy feat, but apparently, the achievement comes with a sense of satisfaction and relief for making a wise investment for the future.😉

Oh and FYI laying awake at night wondering how long the lenders' decision will take or losing the house to a quicker more organized competing buyer, is not ideal!
Therefore a bit of preparation and the right guidance:

✅Gives SPEED advantage 💨
✅Indicates PROFESSIONALISM 🤓
✅MINIMIZES chances of FAILURE.

Don't miss the window of opportunity
📋Download this now!
https://www.allcityfinance.com/mortgage-document-checklist/

P.S. Have variable income /zero-hour contract income? pay close attention to #4 and #7 on the list.😉

17/01/2023

Temporary property price increase in January? Calm before the storm?

Bigger than usual New Year bounce after extended year-end lull.

17/01/2023

Follow our page for daily updates, helpful tips, and expert advice to make the mortgage process a breeze! Remember, the key to success is preparation, so make sure to follow us for all the information you need to get ready for your application!

17/01/2023

🏠 Are you ready to take the next step in homeownership?

💸 With high rates, high cost of living, high inflation, and increased lender affordability, the mortgage application process can be daunting.

But don't worry, we've got you covered! 💪 Our page and website is dedicated to providing you with valuable tips and tools to make the process easier.

🔑 Learn how to boost your credit score, prepare your paperwork, and make informed decisions about your mortgage - all in one place!

💡 Our goal is to empower you with the knowledge you need to turn your dream of homeownership into a reality.

👀 Follow our page for daily updates, helpful tips, and expert advice to make the mortgage process a breeze!

🔥Don't wait any longer, take the first step on the path towards your dream home today, visit the website for more resources 🔥https://www.allcityfinance.com/mortgage-resources/

17/01/2023

Bank of England raised interest 9 times in a year, the last increase taking it to 3.5%. Having started at 0.1% in December the Bank of England’s base rate is now 3%, and some economists expect it to climb even further to 4% or 5% in the coming years. If you are looking to enter the mortgage market this year, it is best to get prepared. Check out the websites for resources to help you navigate this market:

You may be charged fees for mortgage advice.The fee is up to 1% but a typical fee is 0.5% of the amount borrowed. The actual amount you pay will depend upon your individual case and circumstance.

17/01/2023

According to a new report from the ONS, more than 1.4 million households in the UK are facing the prospect of interest rate rises when they renew their fixed rate mortgages this year.

57% of fixed rate mortgages in the UK coming up for renewal in 2023 were fixed at interest rates below 2%.

When borrowers remortgage in the near future it is likely to be at a higher rate of interest. This can be seen in the Office of Budgetary Responsibility (OBR) expectations of the future path of the Bank Rate, which is expected to peak at 4.8% by the end of 2023.

To see how much you will pay per month if your mortgage rate increasese to 4.8%, use this calculator:

This is not a quotation under the Consumer Credit Act. The amount you will pay is based on a number of factors including calculating interest and capital repayment. Although an accurate indication, the result should be used as a guide and not be considered as financial advice. You need to engage wit...

17/01/2023

https://www.ft.com/content/456b41ec-ae6f-48c5-b4e2-d35c877799e8

Some measures could include switching borrowers to interest-only deals

17/01/2023

https://www.reuters.com/world/uk/uk-house-prices-set-15-drop-nomura-predicts-2023-01-12/

British house prices look on track to fall around 15% by mid-2024, economists from Japanese bank Nomura said on Thursday, a more severe drop than other forecasters have projected.