Ben Groves - Mortgage Broker

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Ben Groves - Mortgage Broker

I am the founder of Yomo Finance and cover the whole of the UK. I offer finance for home purchase, remortgage, investments and mortgage protection.
(1)

04/01/2026

Thinking about buying, remortgaging or just want a chat about your options?
Book a no-obligation, no-fee appointment and let’s see how I can help 🏡

📲 Appointment link in comments

mortgagebroker buyingahome remortgage propertyjourney

20/11/2023

𝗚𝗼𝗼𝗱 𝗘𝘃𝗲𝗻𝗶𝗻𝗴 𝗘𝘃𝗲𝗿𝘆𝗼𝗻𝗲 😀

Hope you are all keeping well! 🙏🏻🤞🏻

I will have some exciting news to share shortly, but in the meantime I have some positive market updates for anyone looking to move, remortgage, refinance etc

✅Interest Rates have been falling consecutively for several months now, one lender has reduced rates 3 times in the last 6 working days! Many products now below 5% for the first time in months
✅Inflation is now at 4.6% (measures how much more expensive a set of goods and services has become over a certain period). This is really positive as this should impact our cost of living and we should feel the benefit of this. The government target is 2% inflation
✅The Bank of England has kept its rate at 5.25% and it is expected to stay at 5.25% at the December meeting on 14th
✅Feedback from estate agents and from my own activity is that the buying/selling market is becoming more active which is great news heading into 2024
✅Average house prices have fallen 3.2% annually so it is a great time to buy, with property values and rates dropping concurrently. Savills expect the market to drop a further 3% in 2024 however

If you want to discuss whether you can afford to move house, or if you have a remortgage due in Jan-May 2024, get in touch now to see what is available.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬
📲07770 925245
📅Book Appointment Directly: https://calendly.com/affinitydirect/mortgage_appointment

10/10/2023

Morning World

I have lots of appointments available rest of this week to help with your mortgage;
Wednesday 11th - 3pm
Wednesday 11th - 4pm
Thursday 12th - 2pm
Thursday 12th - 3pm
Thursday 12th - 4pm
Friday 13th 😱 - 1pm

Click link to schedule appointment - https://calendly.com/affinitydirect/mortgage_appointment

05/10/2023

🌟➎ 🅢🅣🅐🅡 🅡🅔🅥🅘🅔🅦🅢🌟

It’s always great to get nice feedback after the time spent supporting clients with their mortgages.

𝗖𝗮𝗻 𝗜 𝗛𝗲𝗹𝗽 𝗬𝗼𝘂 𝗧𝗼𝗼?
Get in contact today so that I can review your options for you. This may include;

✅Switching products with your current lender – I may have exclusive rates you do not have access to so speak to me first
✅Remortgaging – We can remortgage up to 9 months early but typically 6 months in advance
✅Debt Consolidation – I can help you release funds from your equity to give you financial freedom
✅Home Improvements – Have you thought about that new kitchen or extension? I can help provide the funds for that!
✅Home Purchase – Upsize, Downsize, New Area, First Time Buyers, Shared Ownership, Right To Buy… you name it!
✅Buy-To-Let’s – It’s becoming easier again for landlords so speak to me if you want to remortgage or invest for the first time (it’s never too late!)
✅Bridging Finance – If your chain has fallen through due to someone pulling out and you really want your dream home still, there are options for you
✅Mortgage Protection – I have the best team to support me with reviewing your life cover, income protection and more
✅Equity Release – I can help support you with later life lending

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬
📲07770 925245
📧[email protected]
📅Book Appointment Directly: https://calendly.com/affinitydirect/mortgage_appointment

25/09/2023

🌟➎ 🅢🅣🅐🅡 🅡🅔🅥🅘🅔🅦🌟

Here we have another review from a First Time Buyer client, purchasing their first home at a really competitive rate considering the market over the last few months.

𝗖𝗮𝗻 𝗜 𝗛𝗲𝗹𝗽 𝗬𝗼𝘂 𝗧𝗼𝗼?
Get in contact today so that I can review your options too. This may include;
I am a whole of market/independent mortgage broker, offering the following;
✅ Residential mortgages for purchases, remortgage & product switches
✅ Buy-to-Let mortgages for purchase, remortgage & product switches, including standard BTL's, HMO's, MUFB (multi units), Short Term Lets (Air B&B/Holiday Home) etc
✅ Bridging Finance for quick purchases, chain breaks, auction purchase, complete refurb & refinance
✅ Commercial Mortgages
✅ Life & Critical Illness Cover, as well as Income Protection
✅ Business Protection insurance, including Key Man insurance, shareholder protection, company medical schemes etc.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬
📲07770 925245
📧[email protected]
📅Book Appointment Directly: https://calendly.com/affinitydirect/mortgage_appointment

21/09/2023

🏡𝗜𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗨𝗽𝗱𝗮𝘁𝗲📊

Here’s some useful information for people coming off of their existing mortgage products, all things that mortgage brokers should consider when looking at supporting your next move♟️

▪️ Inflation is down to 6.8% from 7.9% in June
▪️ 1.4 million households in 2023 will see their repayments increase
▪️ Mortgage payments are now 21.2% of total income
▪️ Tenants now spend 28% of their total income on rent!😱
▪️ Average unsecured debt has increased to £12,800+
▪️ The last time the Bank of England base rate was over 5% was 10/04/2008!🏦
▪️ Average house price in the UK is now £286,489, this continues to reduce at a steady pace

These stats are very balanced, some good news and some bad news depending on your situation. For example, house prices reducing is good news for First Time Buyers or Home Movers, not so good for anyone who was close to a pricing bracket with their Loan-To-Value (LTV) e.g. if property was worth £100,000 and you originally took out a mortgage of £75,000, if prices have reduced and value is now £90,000, you would fall into a different pricing category making it even more expensive.

Overall, things are better than what they were 6-12 months ago and we are on a trajectory of a lot of the above improving e.g. inflation coming down, Bank of England base rate will reduce over time.

All of these things are complex with coupled together which is why its so important to speak to a mortgage broker about your first or next mortgage product.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬
📲07770 925245
📧[email protected]
📅Book Appointment Directly: https://calendly.com/affinitydirect/mortgage_appointment

18/09/2023

🗞𝗜𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗨𝗽𝗱𝗮𝘁𝗲📰

You may have heard that house prices have continued to fall which could be good news for first-time buyers, with annual house prices falling by 5.3% in the year to August which is a bigger-than-expected drop, according to Nationwide. This could mean getting a great price on a new property for First Time Buyers or Home Movers.
Interest rates have fallen over the past 2 months compared to the decades highs seen earlier in the year. For example, the lowest rates for a remortgage on a 2-year fixed rate 01/09/2023 is currently 5.84%, while a 5-year fixed rate is 5.20% [BROKER EXCLUSIVE!😱].
On 21st September there is another Monetary Policy Committee to decide if the Bank of England base rate will increase for a 15th consecutive time. With inflation down to 6.8% in July 2023, down from a peak of 11.1%, its envisaged that further increases will take place for the last 3 Monetary Policy Committee meetings for 2023.
In summary, rates are down, inflation is down, and things appear to be moving in the right direction for the remainder of 2023. Speak to a professional mortgage broker to review your budget and discuss all your options🏡 Whether you're looking for your first mortgage or want to refinance your existing home loan, don't hesitate to get in touch with me today. I'll be happy to answer any questions you may have and help you get the best deal possible, this includes with your existing lender👌🏻
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬
📲07770 925245
📧[email protected]
📅Book Appointment Directly: https://calendly.com/affinitydirect/mortgage_appointment

18/09/2023

Good afternoon everyone!

Today I am going to explain how you can get more borrowing from accepting a higher fee product but with repayments the same?!

See attached image showing 5 products ranging from 5.35% to 6.05%. The cheapest product has the largest fee at 7% while the most expensive has a fee of just 3%.

The main difference is the net amount you receive. By paying a larger fee you actually receive more cash because the stress testing is based on the interest rate.

In this example, you annualised the rent of £1229 to give you £14,748. You then divide by the lender stress test of around 5.35% and divide again by their ICR rate of between 125-145%. This gives you a gross figure and then you consider the fee %.

Because the calculation starts with the rent divided by the interest rate/stress rate, this is what drives the high lending.

The monthly payments are the same. You receive more cash for the same property/same rent.

Definitely worth considering taking a higher fee product to ensure a purchase or remortgage works for your BTL.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬
📲07770 925245
📧[email protected]
📅Book Appointment Directly: https://calendly.com/affinitydirect/mortgage_appointment

11/09/2023

🌟➎ 🅢🅣🅐🅡 🅡🅔🅥🅘🅔🅦🌟

Client used me to help them with growing their Limited Company Buy-to-Let portfolio. Thanks to Nicola for supporting with this one.

𝗖𝗮𝗻 𝗜 𝗛𝗲𝗹𝗽 𝗬𝗼𝘂 𝗧𝗼𝗼?
Get in contact today so that I can review your options too. This may include;
I am a whole of market/independent mortgage broker, offering the following;
✅ Residential mortgages for purchases, remortgage & product switches
✅ Buy-to-Let mortgages for purchase, remortgage & product switches, including standard BTL's, HMO's, MUFB (multi units), Short Term Lets (Air B&B/Holiday Home) etc
✅ Bridging Finance for quick purchases, chain breaks, auction purchase, complete refurb & refinance
✅ Commercial Mortgages
✅ Life & Critical Illness Cover, as well as Income Protection
✅ Business Protection insurance, including Key Man insurance, shareholder protection, company medical schemes etc.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬
📲07770 925245
📧[email protected]
📅Book Appointment Directly: https://calendly.com/affinitydirect/mortgage_appointment

Address

Rainham
ME88FG

Telephone

+447770925245

Website

https://www.themortgagesbroker.co.uk/

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