Clara Coales - Mortgage Adviser

20/03/2025

I am terrible at keeping my page updated however I am still here for all your mortgage and insurance needs.

I am excited to announce I can now also offer you a will writing service.

A will is essential in ensuring your assets, and more importantly your children, go where they are supposed to in the event of your death.

If you die without a will, with children below 18, it will be for social services and the courts to decide who they live with.

Please get in touch for more details.

11/05/2023

The Bank of England base rate has increased again!

If your remortgage is due this year the base rate increase maybe concerning. Don’t stress on this without the facts. I can give you an idea of what payments you will be looking at and to see if there is any way for us to make the payments more manageable.

It has been widely reported in the media that there is now a 100% mortgage available for renters. This is brilliant news for anyone who is paying rent but hasn’t got a deposit. There are conditions to qualify for this deal however if this is you please get in touch to see whether this could help you out. Even if this deal doesn’t work for you I can advise you the best way to move forward to reach your property goals, so get in touch for a no obligation chat.

22/03/2023

31/10/2022

Unsure witch way to turn for mortgage advice?

Let me spell it out for you.

Muhuahuahuahua!

On a more serious note mortgage rates are coming down, get in touch to see how I can help you.

05/10/2022

Don't Panic!!!

The Bank of England are increasing rates.
Lenders are withdrawing from the market
The pound is going to be worthless
An asteroid is going to hit us!

Well maybe not the last one but everyone seems to be getting carried away and creating an environment of fear. Nobody actually knows what is going to happen so we need to take a calm approach and review what is ACTUALLY true and what is just scaremongering.

The Bank of England base rate is still historically low. It has been increasing but the threats of an increase are just that at this stage. "We won’t hesitate to increase" doesn't mean it definitely will.

Interestingly mortgage lenders are offering 5-10 year fixed rates lower than their 2 year deals. Why would they do this if they think that rates are going to spiral? This actually suggests they are assuming this will all settle down and perhaps reduce in the future.

Lenders are exiting from the market, but this has been happening for weeks now due to the fact they cannot cope with their current levels of business and need a chance to catch up. They have significantly overlent year to date with some lenders telling us they are over 150% of their annual target. They are raising their rates to slow down applications.

Things are going to be tough over the next few months. That is a fact. However, if we panic then we could talk ourselves into even bigger trouble.

Mortgage Lenders are still lending
95% mortgages are still available
BTL mortgage are still available
You can still re-mortgage your home

I can help…call me for a chat about your options.

Send a message to learn more