Aline Manirambona Mortgage Broker

26/07/2024

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Dear Friends and Supporters, I want to begin by expressing my immense gratitude … Jean Patrick Bimenyimana needs your support for Support Our Legal Battle

07/12/2023

Thank you to all my clients and followers for the continued support in 2023. Had a fantastic Xmas trip to Brugge, Belgium courtesy of , the most generous and supportive team to be part of. Cheers to good health and a prosperous 2024 🎄🎅🎁

20/10/2023

13/10/2023

What’s the difference between a product transfer and a remortgage?

If you want to stay on top of your mortgage repayments and ensure you’re getting the right deal for your circumstances then remortgaging is one of the most important financial decisions you can make.

But is it best to change to a new mortgage product with your current lender via a product transfer or look to remortgage with another provider?

The reality is that there are advantages, disadvantages and differences to whichever route you choose to go down, which is why it’s essential to speak an experienced advisor who can guide you through the options available.

What is a remortgage?
A remortgage is when you replace your current mortgage with one from another lender. This is often done when your existing deal has come to an end, and you’re attempting to find a better deal than your current lender can offer.

What is a product transfer?
A product transfer involves switching to a new mortgage deal, often one with a different interest rate, or one fixed for another set period of time, with your current lender.

Should I stay with my existing lender or move to a new one?
When your mortgage comes to an end, it’s always a big decision to work out what your next move should be.

It may be that a product transfer onto a deal with a fixed interest rate for a longer period offers the kind of financial certainty that best suits your needs. Or it could be that remortgaging with a different rate, a different amount and a different term, offers the flexibility you require.

Staying with your current lender may feel like the saftest option when your mortgage comes to an end, but that’s no guarantee that you’ll be getting the right deal. That’s why we recommend shopping around to find a mortgage that’s fits you.

Take the weight off your shoulders with specialist help
The most important element of the process is that you’re armed with the information you need to make the right decision for you. Which is where we come in.

As mortgage experts, we have access to a wide range of lenders and can look at the options available to you including any new deals from your current lender as well as make sure you don’t end up on their standard variable rate, which tends to be higher than the rates on most other options. So, make sure you don’t leave this big financial decision until the last minute.

We will talk you through all the pros and cons of a both a remortgage and a product transfer. Working hand-in-hand with you, we will assess all your options and help you make the right choice for you and your individual circumstances.

Call Moneysprite on 03454504660 or drop us an email on [email protected]

Approved by The Openwork Partnership on 19/09/2023

05/05/2023

05/05/2023

Tips to finding your first home

Searching for your first home can be an overwhelming experience, but when it’s the biggest purchase of your life, you need to ensure that it’s right for you. There are so many things to consider, so to help you with one of the biggest decisions in your life, we have drawn up some helpful tips and guidance when finding your first home.

Start with an open mind

There is the danger of becoming too fixated on certain locations or certain properties. It’s important to be open when searching for your first home, ensuring that you’re considering all locations and types of houses. Often buyers become stressed because they have narrowed their search down too far too early.

Talk to your local estate agent

It’s worth booking in a conversation with your local estate agents as after all, they are the experts. They will be able to give you an idea of properties available in the area, upcoming areas to search in and whether your budget is realistic to where and what you’re looking for.

Check out the location before putting an offer in

You don’t want to commit to a house before even knowing what the location or neighbourhood is like. If you fail to do this, you could be stuck…for a long time! It’s a good idea to identify three to four neighbourhoods you’d like to live in based on commute time, schools, recreation, crime, and price.

Use property finding websites

With the world evolving, property search websites have become the most popular way in finding properties for sale and to rent. They are easy to use, open all hours, provide you accurate results and you don’t even have to move from the sofa! Some of the many include Rightmove, Zoopla and OnTheMarket.

Speak to a mortgage adviser

We can give you an idea of how much you will be paying monthly, taking various fees and rates into account. We will also be able to tell you whether your budget is enough to get you the property you want and what deal we believe is right in light of your needs.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Approved by The Openwork Partnership on 17/03/2023.

Key Takeaways:

*It’s important to consider everything when making one of the biggest purchases of your life.
*Buying your first home is an overwhelming experience, so making sure you’re open to everything is key.
*When finding your first home it’s important to consider things like the neighbourhood, whether it’s a starter house or your forever home, price and affordability.
*Estate agents are great for finding your first home, they will give you insight into where to buy, upcoming areas to buy into and if you can afford certain areas.
*Property finding sites are great for finding your first home, they are open all hours, are easy to use and you don’t have to move from the sofa!
*We can help make the process of finding your first mortgage as smooth as possible.
*YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

17/11/2022

Autumn Statement 2022 Highlights

*The OBR forecast inflation to be 9.1% this year, and 7.4% next year.
*The top rate of tax for the highest earners will be brought down from £150,000 to £125,140.
*Unemployment forecast to rise from 3.6% today, to 4.9% in 2024
*Stamp Duty cuts announced in the Growth Plan will now end on 31 March 2025.
*The tax free allowance for capital gains will reduce in 2023-24 from £12,300 to £6,000 and again to £3,000 in 2024-25
*The tax free dividend allowance will be reduce to £1,000 in 2023-24, and then to £500 in 2024-25.
*Income tax personal thresholds will be maintained at current levels until 2028
*There will be an expanded windfall tax on the energy industry of 35% up from 25%
*From 2025 road tax will be introduced for electric vehicles
*The budget for schools will be increasing by £2.3bn next year & £2.3bn the year after to a total of £58.8bn
*The budget for adult social care up to £2.8bn next year & £4.7 billion the year after
*The budget to improve the performance of the NHS up to £3.3bn next year & £3.3 billion the year after
*The government remains fully committed to the historic Glasgow climate pact agreed at COP26 - including a 68% reduction in emissions by 2030
*Devolved administrations will receive £3.4 billion over the next two years. £1.5bn for Scotland, £1.2bn for Wales and £650m for Northern Ireland
*Energy efficiency taskforce backed by £6bn in new funding established to help people save money on bills
*Sizewell C nuclear plant in the south east of England going ahead
*Infrastructure investment will continue with over £600bn in capital investment over the next 5 years
*£1bn made available to extend the Household Support Fund over 2023-24. £900 to those on means-tested benefits. £300 for pensioners. £150 for those on disability benefits.
*Working age benefits will rise by the rate of inflation at 10.1%
*The household benefit cap to be increased from April 2023
*Rent increases in the social rented sector capped next year, at 7%.
*The Pensions Triple Lock and Pension Credit will be protected and rise in April 2023 by 10.1%.
*From Spring 2023 homeowners on Universal Credit will be able to apply for Support for Mortgage Interest loans after 3 months instead of 9 months, including those in employment
*National Living Wage will increase from £9.50 an hour for over-23s to £10.42 from April 2023

08/11/2022

Since the Bank of England increased the base rate by .75%, some lenders are now starting to reduce their rates. This is an indication that they have confidence in the Government’s plan to try to correct the economy with what they can. Obviously there are still external factors such the ongoing war with 🇺🇦and 🇷🇺 and the energy crisis. This is a good sign and hopefully more lenders will follow suit.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

03/11/2022

BREAKING NEWS 🗞 🗣🗣 the Bank of England has increased the based rate by 0.75% bringing the current rate to 3%. Still waiting to see how lenders will respond to this with their range. However, those on a tracker and discounted rate are most likely to be impacted. If your current mortgage fall into this category, feel free to get in touch to review your options

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

27/09/2022

There have been lots of changes in the market, but we expect the withdrawing lenders to return to the market in the coming days and I can reassure you that we still have access to a comprehensive range of products.

Many mortgage deals have been temporarily withdrawn because lenders are not able to accurately price products due to: the pound falling to new lows, interest rate for government debt rising to a 12 year high and increase in SWAP rates, which is what lenders use to price products.

Sterling is strengthening but still slightly below its close on Friday. UK government borrowing costs are recovering after surging on Friday and Monday. Government bonds markets are on course for the worst year since 1949. The announcement of the Government’s Growth Plan on Friday have sent the pound and Government bonds plunging.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

22/09/2022

Bank of England rate increased from 1.75% to 2.25%

Time to review your mortgage, the economy is set to get worse before it gets better.

04/08/2022

Still catching up with work after a well deserved time out from all of the craziness that is happening in the UK and the rest of the world. The Bank of England has predicted a recession by the end of 2022 and this is likely to go on well into early 2024. Affordability assessments are already been affected by the rise in the cost of living, how will this effect your remortgage? If you are on a tracker and standard variable rate, this might be the time to start looking at other options.