Mortgage Advice Solihull

16/03/2022

You just never know.

16/03/2022

Only three mortgage interest rates are less than one percent, and they are all variable. There were 150 available in October, with some fixed. There are still fixed terms rates available for less than 2%.

Only 3 mortgage interest rates below 1% and all variable. In October there was 150 with some fixed available. There are still fixes available below 2%.

08/03/2022

The drip-drip of interest rate hikes is still going on. Depending on the lender, you can lock in an offer for 3 to 6 months. If your mortgage will be converted to a standard rate in the next six months or is now on a standard rate, you should take action right away.

Mortgage rates are rising and availability has shrunk after lenders have revised and condensed ranges.

01/03/2022

In conclusion, it appears that estate agents are pressuring buyers to employ their in-house mortgage advisors. There are two issues with this: they will demand a fee and their ability to propose mortgage lenders will be limited. Sixty per cent of independent Mortgage Advisors do not charge a fee for their services. The mortgage lenders pay mortgage advisors a percentage of the loan amount, which works out to roughly £280 for every £100K of mortgage supplied. I'm permitted to charge an extra £500 on top of that, but I don't. This article delves a little deeper.

In-house advice can cost up to £700 in some cases, but mortgage advisers suggest buyers are scared to turn it down in case it affects their purchase.

28/02/2022

Don't match the out-of-date 9-to-5 job model of the late twentieth century. If you want to get on the property, lad, we can collaborate and devise a strategy to make it happen.

In a survey over three-quarters of people who were either self-employed, have a blip in their credit history or have no credit record at all, described their financial situation as secure but made the decision not to apply for a mortgage, research showed.

25/02/2022

Let to buy is when you let out your current home to buy your next home.

17/02/2022

Bank of England increased the base rate to 0.5% this is used in many mortgage interest calculations. The increase of .25% will add £700 per year to the average mortgage. The forecast for the end of 2022 is 1.25% so another £2k extra this year. Is it time to lock in a deal now?

Bank of England increased the base rate to 0.5% this is used in many mortgage interest calculations. The increase of .25% will add £700 per year to the aver...

14/02/2022

When buying a property you need to factor in other professional costs and insurance.

When buying a property you need to factor in other professional cost and insurance.

01/02/2022

If you're on a standard variable rate or your discount is about to expire in the next six months, you can lock in some great rates right now. Many people are looking for 5-year discounts, but there are some excellent 10-year deals as well. If none of this makes sense to you, there is plenty of free advice available if you don't want to speak with me.

HOMEOWNERS' annual mortgage payments could go up by nearly £700 if the Bank of England hikes its base rate on Thursday, analysts warn.

01/02/2022

A case of crunching the numbers with me to see what you can actually afford.

28/01/2022

A 30-seconds video aimed at first time buyers. What is Loan to Value (LV)?

30 seconds explaining what loan to value is.