Ikram Mortgage Broker - London and Essex office

27/03/2022

08/03/2022

02/03/2022

Analysts warned removing stress tests could be risky as house prices rise

02/03/2022

Maybe there is some hope for first time buyers in ever increasing prices of houses and unaffordable mortgage’s.

Analysts warned removing stress tests could be risky as house prices rise

08/02/2022

The Government’s First Home scheme in England allows first time buyers (FTB) to purchase a New Build property at a discounted purchase price under a Resale Price Covenant (RPC). The discount (which will be a minimum 30%) must be passed on if the property is sold in the future.

Key eligibility criteria for First Homes scheme:

•All applicants must be First Time Buyer. Local Authorities may prioritise key workers, local residents, and service personnel
•In England only
•New Build properties only
•Maximum purchase price, after discount, is £250,000 (£420,000 in London)
•Discount typically 30% but Local Authorities can increase up to 50%
•Customer maximum income of £80,000 (£90,000 in London).
Mortgage criteria:
•Minimum 5% personal deposit based on the discounted purchase price
•First Homes scheme-specific products must be selected
•Mortgage must be on a capital and interest repayment basis, no interest only
•Minimum 50% Loan to Value (LTV) based on discounted purchased price.

Example:
•Full market valuation = £100,000
•Discount of 30% (but could be higher) = £30,000
•Discounted purchase price = £70,000
•Customer deposit required = £3,500 (5% of £70,000)
•Maximum Loan = £66,500

Get in touch to find out your options
Start your mortgage journey by contacting me👇
📲+44 7379 170934
📧[email protected]
🌎alliance-mortgages.co.uk

01/02/2022

Preparing to buy a property in the new year.
Get in touch to find out your options
Start your mortgage journey by contacting me👇
📲+44 7379 170934
📧[email protected]
🌎alliance-mortgages.co.uk

26/01/2022

Don’t let poor credit stop you from buying your dream home 🏡
You may still be able to get a mortgage even with a less than perfect score as I have access to 100’s of lenders and most of them deal specifically with adverse credit.
Start your mortgage journey by contacting me👇
📲+44 7379 170934
📧[email protected]
🌎alliance-mortgages.co.uk

01/12/2021

Unlock New build deposit

up to 95% LTV Mortgages on new build Houses and Flats

• Competitive rates on 2 and 5 year fixed rate products
• Available up to 95% LTV
• Maximum purchase price £600,000
• No product fees and £500 cashback
• Free standard valuation (on properties up to £500k)

Alliance Mortgages
Jasmina Mortgage Broker at Alliance Mortgages - London & South East Office Ikram Mortgage Broker - London and Essex office
Lucy at Alliance Mortgages Midlands office
Wesley Mortgage Broker - South East Region