Charwin Mortgages

10/06/2024

Only a few days to go! Your support means everything to us.

Charwin Mortgages would love to win both "Best Broker" and "Best Second Mortgage Broker" at the What Mortgage Awards. They would recognise our exceptional service, innovative solutions, and profound impact on our clients' financial success. These awards are recognized across the industry and help guide prospective clients in selecting a trustworthy and competent mortgage broker, making them crucial for firms like Charwin Mortgages.

Charwin Mortgages has consistently demonstrated a steadfast commitment to personal service, ensuring each client receives tailored advice that best suits their unique financial situations. This client-centric approach not only enhances customer satisfaction but also the likelihood of better mortgage outcomes, making us a top contender for the Best Broker award.

The niche category of Best Second Mortgage Broker, we stand out for our expertise. Our advice that empowers clients to leverage their property’s equity effectively, often addressing complex financial challenges. In handling second mortgages, customers often in situations that require specialist advice and winning this award would showcase our capabilities.

Winning these prestigious awards at the What Mortgage Awards would affirm Charwin Mortgages' quality service and drive. It also reassures prospective clients of the quality and reliability of our services, influencing their decision in a competitive market. As awards play a significant role in shaping perceptions and decisions, Charwin Mortgages' recognition would not only honour our current achievements but also pave the way for future success.

https://www.whatmortgage.co.uk/awards/2024-what-mortgage-awards-nominee-shortlist-revealed/

12/02/2024

Be a part of our success story! Nominations for the What Mortgage Awards 2024 are now open, and we need your support!

If you've loved our services, we'd be honoured if you could nominate us in the following categories!

- Best Second Mortgage Broker
- Best Specialist Mortgage Broker
- Best Mortgage Broker (Up to 39 advisers)



https://www.whatmortgage.co.uk/awards/2024-what-mortgage-awards-nominations-now-open/

29/01/2024

https://www.whatmortgage.co.uk/awards/2024-what-mortgage-awards-nominations-now-open/

Calling all followers! We've helped many of you with your mortgages and want to continue the good work we are doing, helping people who have awkward circumstances to get mortgage approvals. Please help us break the domination of the "big" brokers by voting for us (NO personal info required) in the following categories:

Best Specialist Mortgage Broker
Best Broker (up to 39 advisers)
Best Second Mortgage Brokers

Being nominated helps build trust, enabling us to help many, many more people, who understandably are cautious.

Thank you so much!

2024 What Mortgage Awards - Nominations now open! at What Mortgage. Compare mortgages for first-time buyers, use our free mortgage calculator, learn about remortgaging & APR.

10/10/2023

If you're reading this, you probably have some time on your hands! We've been nominated at the Personal Finance Awards for Best Second Mortgage Broker and yes, I am now scrounging as many votes as you will kindly give. Winning is important to us, as being runners up would make us Second Best Best Second Mortgage Brokers! Just doesn't have the same ring to it 🙂

https://www.themoneypages.com/2023-24-the-personal-finance-awards-finalists-revealed/

02/10/2023

We are excited to share some fantastic news with you. We have been shortlisted for the Personal Finance Awards, and your support can make all the difference. A massive thank you to all who have nominated us to get this far, now let's secure top spot for Best Second Mortgage Broker category.

When you vote, you are entered to WIN £200 of AMAZON Vouchers. Tell us you’ve voted in comments, like and share this post, and we will select another lucky winner for AN ADDITIONAL £200 of AMAZON vouchers.

Now in its 26th year, the Personal Finance Awards have long been recognised as a benchmark for excellence in the UK’s consumer finance market. Nominee shortlist below…. Make your choices from the nominees listed on the voting form below, and cast your votes in any relevant category. *£200 Amazo...

14/06/2023

https://www.facebook.com/permalink.php?story_fbid=pfbid02GJpwWzr5WqNVW9hzSUroXh7Ho7CV4sVTJpykRxEFwChZLq5UNgMAp9Yi6BP1M2H8l&id=100085040597406

With an expected launch in October 2023, we are able to take Pre-Registrations allowing our customers to jump to the front of the queue and get VIP access to this exciting route to homeownership.
Visit www.charwindepositplus.co.uk to register your interest

With an expected launch in October 2023, we are able to take Pre-Registrations allowing our customers to jump to the front of the queue and get VIP access to this exciting route to homeownership.

Visit www.charwindepositplus.co.uk to register your interest

14/06/2023

https://www.facebook.com/permalink.php?story_fbid=pfbid0xCLQKY3wXaQtNZoGNPeMeta6vhqQT2JGp7cq8HDhYFLawQBZZkaPkAb2if6pqwzel&id=100085040597406

13/02/2023

We've improved our eligibility calculator to its most accurate version yet. Now includes options for purchase scenarios.

07/11/2022

We are continuing to help many people raise money against their homes, despite past problems.

08/06/2022

Get involved in the highly profitable Holiday Let Market.

The popularity of holiday-lets has continued to rise, fuelled by the staycations boom.

We continue to see a substantial increase month on month in holiday-let lending since 2019.

During the course of the pandemic may customers opting to purchase second homes for their own personal use, alongside letting them on a short-term basis for lucrative yields.

There has been a flurry of lenders who have recently started supporting the market to confirm this is viewed as a growth area.
The dynamics of the market are also changing.

Historically lending in areas such as Devon, Cornwall and the Lake District was the choice, but are now seeing a lot of activity in larger cities, particularly across the North of England, where short term lets can accommodate weekend breaks now that restrictions have eased.

The ability to use for personal purposes is also really appealing along with the accounting and tax advantages over regular buy to lets.

07/06/2022

07/12/2021

The figures revealed that quarterly house price inflation is now at its strongest level since late 2006 and sees Wales as the strongest performing region once again with average prices breaking to £200k barrier for the first time ever.

Northern Ireland also continues to record double-digit annual growth (10.0%, average house price of £169,348).

House prices also continue to rise in Scotland, with the average property now up 8.5% year-on-year, with the average price of £191,140 also the most expensive on record. In England, the North West remains by far the strongest performing region (+11.4%), which is its highest rate of growth since 2005 (average house price of £209,287).

London continues to lag the rest of the UK in its rate of house price growth, with annual inflation of just 1.1%, though this was up slightly from October. However, at an average of £521,129 properties in London continue to be much more expensive than in all other parts of the country.

06/07/2021

Competition at the vanilla end of the market is heating up as HSBC has cut mortgage rates across all LTVs and fixed rate terms by up to 0.30%, launching its lowest ever fixed rate mortgage rate at 0.94%.
The 60% LTV two-year fixed rate has been reduced by 5bps to 0.94% with a £999 fee, with a fee-free equivalent available at 1.14%.

At 85% LTV, two-year fixed rates have been cut by 0.30% to 1.99% with a £999 fee or 2.29% fee-free.

A 90% LTV two-year fixed rate has also been lowered by 30bps to 2.49% with a £999 fee - the lowest rate since the reintroduction of this LTV in January.

Elsewhere, a 95% LTV Mortgage Guarantee Scheme two-year fixed rate has been cut by 0.20% to 3.39% with a £999 fee or 3.59% with no fee.

A 90% LTV five-year fixed rate has been reduced by 0.25% to 2.99% and a five-year fix at 75% LTV has reduced by 0.20% to 1.29%, both with a £999 fee.

12/04/2021

Leeds Building Society is now returning to whole of market lending at 95% LTV with two five-year fixed deals. They are the latest in a series of lenders to do so.

Product rates start at 3.99% with a £999 product fee and 4.09% fee-free.

The deals launch tomorrow and both products come with a free valuation.

26/01/2021

Good news for higher LTV borrowers with the competition for the 90% mortgage market heating up.

HSBC UK has lowered rates across a host of mortgage products, including some of its higher-LTV offerings.

The 90 per cent LTV two-year fix with zero fee has received a 0.40 per cent cut, moving it to 3.59 per cent and the 90 per cent LTV five-year fix with zero fee has had 0.40 per cent cut as well, meaning its rate is now set at 3.74 per cent.

Meanwhile, the 70 per cent LTV and 75 per cent LTV two-year tracker rates are now set at 1.69 per cent, having had a 0.40 per cent cut too, while the 60 per cent LTV two-year fix with £999 fee has been reduced by 0.05 per cent, giving a rate of 1.19 per cent.

The 75 per cent LTV five-year fix with £999 fee is now at 1.64 per cent, the lender adds.

Contact us on 01603216881 for more information

13/11/2020

Good news for 90% borrowers.....

Platform has made a series of changes to its mortgage offering with high loan to value (LTV) product additions, removals and a cut to its loan to income (LTI) multiplier.

Platform is reintroducing a pair of five-year fixed rate products at 90 per cent LTV with £0 and £999 fee options at 3.99 per cent and 3.79 per cent respectively.

However, all five-year fixes with £999 fee at 60 to 80 per cent LTV have been temporarily withdrawn. A five-year fixed rate product at 75 per cent LTV with £1,499 fee has been added to the range.

The lender is also reducing the LTV at which its maximum income multiplier can be considered from 80 per cent to 75 per cent LTV.

All lending above 75 per cent LTV will now have a maximum income multiplier of 4.49, while all lending at 75 per cent LTV or lower will still be eligible for the 4.85 times income multiplier.

19/10/2020

Asking prices reach record high in October

The average price of a property coming to market rose 1.1 per cent in the last month to a new high of £323,530, the Rightmove house price index for October has shown.

On an annual basis, prices increased 5.5 per cent, the biggest uptick in property prices for four years. Based on the trajectory and activity in the market, Rightmove has predicted the annual growth rate to peak at seven per cent by December.

The number of sales agreed also soared while the time it takes for a property to sell plummeted during the month.

The average time for a house to sell shortened to 50 days, the quickest Rightmove has ever recorded and 12 days shorter than last year.

The number of sales agreed reported by estate agents increased 70 per cent annually and for the first time, estate agents have more properties marked as sold than available, Rightmove claimed.

Larger homes in demand

The demand for three and four-bedroom homes remained evident in October, as average asking prices for second steppers saw the largest annual increase of 6.1 per cent to £293,341.

Larger, top of the ladder properties saw asking prices rise 5.8 per cent to £575,594 while first-time buyer properties increased 5.7 per cent annually to £201,628.

Many buyers seem willing to pay record prices for properties that fit their changed post-lockdown needs, though agents are warning that some owners’ price expectations are now getting too optimistic, and not all properties fit the must-have template that buyers are now seeking.

11/10/2020

Good to see us featured again in The Times newspaper yesterday

https://www.thetimes.co.uk/article/fb7b7dfc-0a58-11eb-9ac5-9d2cf4a10c9f?shareToken=368bbbac9ad4236281ee2846644b18d8

More homeowners are taking out expensive second mortgages against their homes to make improvements, buy another property or start a new business.A second charge mortgage, a type of borrowing that

05/10/2020

Update from Integrity Loans, our secured loans brand. Integrity Loans is great for unusual lending situations, high LTV borrowing and credit repair / debt consolidation.

05/10/2020

Some potentially good news for the frustrated first time buyer market and possibly home movers too.

Boris Johnson has outlined plans for a new scheme to increase the number of mortgages available at 95% LTV.

The Prime Minister told the Telegraph “I think a huge, huge number of people feel totally excluded from capitalism, from the idea of home ownership, which is so vital for our society. And we are going to fix that – ‘Generation Buy’ is what we’re going for.

“We need mortgages that will help people really get on the housing ladder even if they have only a very small amount to pay by way of deposit, the 95% mortgages.

“I think it could be absolutely revolutionary, particularly for young people.”

Johnson has reportedly asked ministers to design the plan, which would involve removing stress tests for mortgage applicants, instead extending “a form of state guarantee” to lenders to de-risk the loans.

Follow us for up to date information as and when it matters.

14/08/2020

10/08/2020

Good news for remortgagers - not so great for the first time buyer market https://www.bbc.co.uk/news/business-53693149

The housing market is showing a 'surprising spike' as people return to buying property after the lockdown.

01/08/2020

Interest rates on high loan to value (LTV) mortgages are rising again after several high street lenders make changes.

After last year was dominated by a price war between lenders furiously cutting rates, it appears rates may be starting to rise as the economy comes out of lockdown.

Last week saw TSB, Barclays, Halifax, Santander and Accord increase product rates while NatWest re-entered the 85 per cent LTV market and Nationwide re-introduced its 90 per cent LTV offering.

As a result, July has seen average rates in the 80 per cent, 85 per cent, 90 per cent and 95 per cent LTV bands creep up.
Unsurprisingly the highest two bands have seen the biggest increases in these areas as many lenders have temporarily entered and exited the markets to manage demand and service levels.

However, the 80 and 85 per cent LTV levels are now seeing rate increases as demand grows in these areas as well, especially after the stamp duty cuts announced in the last two weeks.

On 1 June the average 80 per cent LTV two-year fix was at 2.14 per cent, with the 85 per cent LTV equivalent being 2.09 per cent.

Both have now increased to 2.2 per cent and 2.23 per cent respectively – with most of these rises taking place within the last two weeks.

The same situation occurred in the five-year fixed market – rates of 2.37 per cent and 2.32 per cent for 80 and 85 per cent LTV deals respectively have now grown to 2.44 and 2.49 per cent.

Again, most of this has been seen since 15 July.
It is worth noting that especially in the 95 per cent sector, most products remaining available are specialist options such as guarantor or family assist deals, and other limited criteria so there are limited options for low deposit buyers.

After the average mortgage rates plunged to historic lows in early July, those averages are now beginning to creep upwards.

The notion of negative equity should house prices drop was also a concern and likely factored into lenders risk assessments. The mood remains very cautious
Mortgages for those with lower levels of equity in particular have seen unprecedented levels of borrower demand, which has implications regarding any lender’s operational capacities and, of course, supply and demand factor.

The mortgage landscape remains exceptionally fluid and while rates at higher LTVs are beginning to increase, competitive deals are still available.

Those who are eligible and who are considering their mortgage options may wish to move swiftly.

As always, you can call us and speak to one of our advisers on 01603216881.

30/07/2020

80% BTL rates are now back on the market. Question is for how long?

17/07/2020

Stay ahead of the curve. Get the best insights and mortgages from Charwin Buy to Let. Call 01603216881

13/07/2020

Coventry Building Society is returning to the 90 per cent loan to value market with a limited tranche of funding which will be launched tomorrow morning (July 14th 2020)

The pair of five-year fixed rate products will be available for 36 hours from 8am on 14 July until 8pm on 15 July.

The lender has not given any further details on the products or criteria yet.

Only full applications will secure the product as all applications in principle (AIPs) will be suspended during this period.
The mutual launched a similar limited-edition product last month.

The key message to people seeking 90% mortgages is to act in advance and be ready

11/07/2020

Some interesting BTL alternatives to consider

08/07/2020

Chancellor Rishi Sunak has removed stamp duty on property transactions up to £500,000 in England and Northern Ireland.
The increased threshold for stamp duty relief will apply immediately and run until 31 March 2021.

Previously, stamp duty was paid on property transactions valued at over £125,000.

The government has confirmed that the changes will also apply to those buying additional properties although the 3 per cent stamp duty surcharge will continue to apply.

The increased threshold will mean an average of £4,500 is saved by property purchasers, while nine out of 10 buyers will pay no stamp duty at all.

During his ‘mini’ budget speech today, Sunak said uncertainty abounded in the property market, “a market we need to be thriving.”

04/07/2020

One of our lenders, TSB has launched a five-year fixed mortgage which allows borrowers to exit before the end of the product term with no early repayment charges. This is great news for anyone looking for longer term stability with the option to exit at any time.

Developed in response to the financial uncertainties caused by the coronavirus pandemic, the Fix and Flex mortgage is available up to 80 per cent loan to value (LTV) and allows customers to refinance or exit after three years at no cost.

The mortgage will be available for residential remortgage customers from 17 July, will be open to first–time buyers and home movers.

Rates start from 1.99 per cent and the mortgage has no product or application fees.

04/07/2020

Brilliant new ‘Bounce Back’ mortgage initiative to help nation’s self-employed back onto their feet.

Charwin mortgages can help self-employed people in the UK rebuild their lifestyles and businesses as a result of the COVID-19 coronavirus pandemic.

Recognising the difficult times self-employed have been through recently, we able to advise and arrange a ‘Bounce Back’ mortgage initiative from one of our lenders. It features fresh criteria aimed at helping some of the five million-plus such workers, many of whom have been affected, achieve their homeownership aspirations and get their businesses back on track.

Potentially open to people with as little as one year’s trading history, the new scheme is aimed at helping both established and newly self-employed people. The products available include the potential for owners of established businesses to start with lower, interest-only based payments for the first 12 months, to allow some breathing space for the thousands of professionals, contractors and tradespeople who need it.

Responding when it matters

Recent Office for National Statistics (ONS) figures suggest that the household incomes of self-employed people in the UK were significantly worse-affected than the employed, in terms of household income, due to COVID-19. For example, between 3 April and 30 April, 60 per cent of self-employed workers reported a drop in income compared to 22 per cent of the employed, due to temporary falls in business and enforced lockdown closures.

We can now provide a real need for solution to help the significant number of self-employed borrowers struggling to secure mortgages because many lenders have frozen them out, with lenders currently viewing them as high risk.

Details at a glance

• From one year’s accounts up to 75% LTV for the newly self-employed
• First 12 months’ payments interest-only and LTVs of up to 80% considered for established businesses
• Range of discounted two and three-year deals available
• Affordability calculated on capital & interest basis
• Lending decisions made on basis of longer-term trading track record, industry, professional qualifications and experience, and future prospects
• All trades and professions considered
• People whose business has been temporarily impacted by the pandemic welcome to apply.

Call us on 01603 216881or complete our enquiry form at www.charwinmortgages.co.uk