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13/05/2021

£0 broker fee offer via the Nextdoor Hub website.

Find Local Deals on Nextdoor, the neighbourhood hub.

01/03/2021

Wednesdays budget is one of the most important for the U.K housing market in recent years.
The Intermediary Mortgage Lenders Association reiterated its call on the chancellor to ensure a smooth wind down to the end of the stamp duty holiday.
The move comes after reports stating the tax holiday will be extended from 31/03 to 31/06, according to The Times earlier this week.
However, Imla backs “a flexible wind-down to the scheme to avoid a ‘cliff-edge’ simply being postponed to the end of June.”
The lender’s body is also calling for several other measures in the chancellor’s statement to help the economy to recover from the coronavirus crisis.
It wants to see further support for victims of unsafe cladding, additional help to boost engagement with green housing initiatives, and improvements to the waiting periods for borrowers who apply for loans under the Support for Mortgage Interest Scheme.

Imla executive director Kate Davies says: “Protecting the UK’s housing market should be high up on the chancellor’s priority list for this Budget. The current stamp duty holiday deadline of 31 March has created unprecedented levels of activity and put a huge strain on lenders and conveyancers as they race to complete transactions in time.

24/02/2021

Contact me to discuss your current mortgage options as Rishi Sunak considers extending the current Stamp Duty holiday. The Times newspaper believes he might announce an extension to June 31st in next weeks March 03rd budget.
Rishi Sunak is preparing to extend the stamp duty holiday by three months until the end of June in an attempt to keep the property market firing as Britain emerges from lockdown.
In July last year the government exempted most buyers from the levy if they completed their purchase before March 31, 2021. The holiday enables people to save up to £15,000 in tax. The chancellor has faced pressure to extend the deadline amid concerns that it would create a “cliff-edge”, jeopardising hundreds of thousands of sales.

19/02/2021

Contact me if you are considering Help to Buy. It could provide the help you need to get your dream home 🏡🏡🏡🏡
Demand for Help to Buy and shared ownership schemes hit record levels, with 17.2 per cent of first-time buyers using one of the schemes last year.
Take up of these programmes is being driven by rising house prices and stricter deposit requirements by lenders, according to price comparison site Reallymoving.
This compares with a 15.9 per cent combined use of these schemes in 2019 and 13.1 per cent in 2018.
Last year, shared ownership was the most popular option, accounting for 10.1 per cent of all first-time-buyer transactions, compared to 7.1 per cent using Help to Buy.

11/02/2021

Contact me to discuss your current mortgage options. It could be good news.
Mortgage availability is rising, and borrowers with modest deposits have seen the biggest boost in their options.

Mortgage availability is now at an 11-month high, according to Moneyfacts.

First-time buyer boost

The 90% mortgage market has seen the greatest rise, with 88 more deals on offer compared to last month. At 248 products now available, this represents a significant 386% growth in availability since October 2020.
Eleanor Williams, finance expert at Moneyfacts, said: “Those with 10% deposit or equity might be especially pleased to note that this tier has, for a second month, seen the largest uplift in availability.
“With products at this level often favoured by first-time buyers and traditionally being seen as higher risk for providers, willingness to extend lending in this risk bracket could be an indication that lenders have confidence in the sector, despite ongoing, wider economic uncertainty.”

09/02/2021

Contact me for advice on your current mortgage options.
The number of mortgages on the market has risen to 3,215, according to Moneyfacts – the widest choice seen since March 2020’s count of 5,222.
It is also the largest four-monthly rise, at 42 per cent, (counted from October 2020) since 2007.
In what should be good news for many first-time buyers, the 90 per cent LTV category notched the biggest rise in numbers from January 2021 to February 2021, going from 160 to 248.
The 95 per cent LTV category, however, saw a decrease from 8 to 5 across the same time frame.
On the rise in 90 per cent LTV products, Moneyfacts finance expert Eleanor Williams says: “Willingness to extend lending in this risk bracket could be an indication that lenders have confidence in the sector, despite ongoing, wider economic uncertainty.”

07/02/2021

Contact me to discuss the most cost effective mortgage options available to you.
Appetite for UK property purchases surged in January in spite of the growing risk that buyers would be unable to complete their purchase before the end of the stamp duty holiday. 
Rightmove, the property site, said the number of prospective buyers who contacted estate agents via its home listings rose by 42 per cent between December and January, or by 7 per cent compared with January 2020. 
The number of sales agreed in January was also up, by 5 per cent year-on-year, “despite the fact the majority will not complete in time to beat the stamp duty holiday deadline,” Rightmove said.

05/02/2021

Contact me to discuss current 5 year fixed products on offer.
The security of five-year deals combined with current competitive costs makes them very attractive to those switching their mortgage.

Almost a third (28.5%) of those looking to remortgage want to take a five-year fixed rate deal, according to a new report from Iress and Koodoo.
The key finding of the first report was that online consumers are racing to lock into five year fixed rates amid wider economic uncertainty.
It also found that the fiercest competition in the market was in the remortgage sector for low risk fixed rates below 60% of the property’s value, with plenty of choice for borrowers and particularly low rates.
However, mortgage products for borrowers with just a 10% stake in their property were still limited, although there are now more products available for those who have just 15% upfront.

03/02/2021

1. TALK TO AN ADVISOR. All lenders have different criteria and a mortgage advisor will know which banks and building societies will best work for you. 

2. CHECK YOUR CREDIT FILE. One of the most important factors that decide your options is your credit rating. 

3. DIRECT DEBITS. You MUST have the best possible credit record possible. Pay all bills on time.

4. CREDIT CARDS. Manage credit cards well. Lenders do like to see credit being used well. Never go to the maximum and always try and keep the balance below 50% of the limit. ALWAYS pay more than the minimum payment. NEVER miss a payment, EVER. 

5. OVERDRAFT. Avoid going into your overdraft facility if at all possible. This shows a tendency to overspend and indicates a poorly managed account.

6. MINIMISE CREDIT CHECKS. Avoid multiple credit checks as this can reduce your credit score. Avoid using comparison sites too often as lenders will run checks every time you request a quote. 

7. HIRE AN ACCOUNTANT. If you are self employed the majority of lenders will ask for business accounts that are approved by a certified chartered accountant.

8. REGISTER TO VOTE. This is a must. It will help significantly as the electoral roll is used as part of lenders identity checks.

9. CONTACT ME FOR ANY ADVICE ON ALL OF THE ABOVE. 

02/02/2021

Contact me if you are looking for the best current deals on buy to let mortgages. Your options may have increased 💷💷💷.
The number of buy-to-let products at 80 per cent LTV available on the market increased at the start of this year.
In December 2020, Moneyfacts data shows, there were 74 BTL products at this higher LTV point to choose from. By January this had risen to 100.
This is some way off the 297 products available in January 2020 but rising product numbers within the Covid pandemic indicates lender confidence, Moneyfacts says.

01/02/2021

Are you wasting money on the wrong mortgage? Contact me for advice on the correct deal that could save you £££££'s
More than one in four homeowners are on their mortgage provider’s highest rate – and some rather oddly think it will help them pay off their loan quicker, according to new research.
Research by a well known mortgage broker found that 27 per cent of people were on a standard variable rate - lenders’ ‘default’ interest rate which buyers drop on to when the initial term of their arranged mortgage deal ends.
Being on an SVR at one of the big six UK lenders could cost them an additional £4,080 each year compared to those lenders’ cheapest deals, they said.

The research revealed a worrying lack of awareness about remortgaging and the reasons why people do it. Alarmingly, one in ten people believed that, because their monthly payments were higher, the SVR would allow them to pay off their mortgage more quickly.

This is not the case as the extra money is being paid in interest, rather than towards the mortgage balance.

30/01/2021

Rate updates. Please contact me to discuss your current mortgage options.
The average rate for a three-year fixed mortgage rose from 2.75 per cent to 2.79 per cent this week, shows data from Moneyfacts.
The average five-year fixed rate rose too, from 2.69 per cent to 2.70 per cent, while the average two-year fix stayed at 2.52 per cent and the 10-year fix at 2.85 per cent.
Two-year fixes
Within this fix, the biggest change was seen at 90 per cent LTV, where the average rate dropped from 3.63 per cent to 3.57 per cent.
There was no movement elsewhere but at 60 per cent LTV, which saw the average rate gain 1 basis point to finish the week at 1.69 per cent.
Three-year fixes
There was a significant move here at 60 per cent LTV, where the average rate shed 15 basis points, moving from 2.35 per cent to 2.20 per cent.
The next biggest changes occurred at 90 per cent LTV and 85 per cent LTV, which both gained 3 basis points to land at 3.55 per cent and 3.05 per cent, respectively.

Meanwhile, at 80 per cent LTV the average rate gained 2 basis points, coming to 2.82 per cent and, at 75 per cent LTV, the average rate shed 2 basis points to end at 2.30 per cent.
Five-year fixes
The biggest change within this fix took place at 90 per cent LTV, where the average rate dropped 2 basis points, moving from 3.74 per cent to 3.72 per cent.