Mortgage Advice Bureau - Spalding

19/05/2023

Lovely way to end the working week with a fantastic ⭐️⭐️⭐️⭐️⭐️ review for Frankee. Thank you so much for your kind words Zoe.

MAB Spalding pride themselves on their ability to keep the home buying process as smooth as possible with minimal stress.
We understand that it is a scary thing to buy your first home so we take a caring approach with all our clients.

😊

11/05/2023

Bank of England base rate has risen to 4.5%.

What does this mean for your mortgage?

Watch the video to find out 😊

10/05/2023

We've had our first person ACCEPTED in principle for the 100% renters mortgage today!

Frankee is passionate about helping people on to the property market and wants to help as many people as possible with this mortgage.

Get in touch with her today by calling 07494 157064 to see how she could help you.

*your home may be repossessed if you do not keep up with your repayments.

09/05/2023

ZERO DEPOSIT MORTGAGES NOW AVAILABLE FOR RENTERS!

That’s right, if you have been renting for the past 12 months you now have the chance to own your home without putting down a deposit.

Please watch the video by Frankee to see how this will work for you.

06/05/2023

We are now closed until Tuesday 9th May.

Enjoy the Coronation weekend.

26/04/2023

Belvoir Peterborough are proud to present this 2 bedroom new build bungalow in the historic market town of Crowland. Details of the property can be found by clicking the following link:

https://www.belvoir.co.uk/peterborough-estate-agents/property/semi-detached-bungalow-for-sale-crowland-pe6-P1855-42/

With the property being shared ownership, Frankee is extremely knowledgeable with the scheme and is happy to discuss the options with you to see how you could own this beautiful home.
Please feel free to get in touch to see how she can help you.

*your home may be repossessed if you do not keep up with your repayments.

Tenure: Leasehold AVAILABLE TO RESERVE NOW Belvoir are delighted to be bringing to the market a selection of new homes available on the popular shared ...

20/04/2023

🥳 Happy 3rd Birthday to MAB Spalding 🥳

What a 3 years it has been!

When Frankee started the business back in April 2020, it couldn’t have been a worse time. We had entered in to the first Covid lockdown and all businesses were closed. She didn’t know if the business would survive.

Fast forward to now…

We have helped customers from first time buyers to portfolio landlords secure their next properties. We have helped insure peoples homes to the highest standard.

We have all ⭐️⭐️⭐️⭐️⭐️ reviews on Google and Facebook.

We now work with the amazing Lucking Estates which includes Belvoir Peterborough, Cambridge, Stamford and Bourne. We are so lucky to work with the teams here. Thank you for all your hard work ladies and gents. Couldn’t have a photo without you in it 🤣

Thank you to all our customers for your continued support and for trusting us with the biggest purchases of your lives.
Here’s to year 4 😊

08/04/2023

Viewing as a first time buyer?

Here are some top tips to help you choose the right home and to get on to the property ladder.

05/04/2023

EASTER OPENING TIMES

Good Friday - CLOSED
Saturday 8th April - CLOSED
Sunday 9th April - CLOSED
Easter Monday - CLOSED
Tuesday 11th April - 9:00am to 2:00pm
Wednesday 12th April - Open as normal.

We don’t usually take a lot of time off during holidays, however this year is different as it is Frankee’s birthday on Good Friday so the team are taking the whole Easter period off this year.

We apologise for any inconvenience.

Any emails and calls will be responded to when we are back in the office.

30/03/2023

Concerned about the Bank of England base rate increasing your mortgage payments?

Don’t worry, as we are receiving regular emails from our mortgage lenders confirming they are REDUCING mortgage rates!
Frankee received this email just this morning.

If you are in a variable or tracker rate, you are at risk of increased mortgage payments. Now is the best time to speak to us about how to lower those payments.

*your home may be repossessed if you do not keep up with your repayments.

28/03/2023

Our next question…

What is the difference between a mortgage in principle and a mortgage offer?

So…

A mortgage in principle (also known as an agreement in principle) is your initial check with a lender. This will determine how much the mortgage lender could loan you based on basic information given to them. This usually involves a credit check (usually a soft search) depending on the lender. You will be given a lender specific certificate once this has been accepted.
You need this in order to offer on the property you wish to buy.

A mortgage offer is a confirmed agreement with a mortgage lender that they are able to offer you a certain loan amount. This involves a full application being made and documents (such as payslips, bank statements etc) being checked to make sure you can afford your repayments.
This will leave a hard search on your credit file, however we as mortgage advisers will only process a full application if we have confidence and when you have successfully negotiated the purchase of your new home.

Getting your mortgage in principle is the first step to home ownership.
If you’d like to see what options you have, make sure to get in contact with us 😊

13/03/2023

A question we have received...

What is the difference between REPAYMENT and INTEREST ONLY mortgages?

REPAYMENT is the most popular form of repaying your mortgage and the safest option. With this mortgage, every payment you make reduces your balance so by the end of your mortgage term you will have fully repaid it and you will own your home without any further payments to make.

INTEREST ONLY is more common for buy to let mortgages but you do see them for residential mortgages as well. When you have a mortgage that is set up on an interest only basis, you are only repaying the interest and not the actual mortgage balance itself. This means by the end of your mortgage term you would have a large debt to repay in one go (something not many people can do).
Whilst interest only mortgage do keep your payments low, they are only suitable for people who already have something in place to repay the debt at the end of their mortgage term.

OUR ADVICE.... if you are asking for a mortgage on your own residence, repayment is the best way forward and we would always advise this.

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Keep an eye on the page for more of your questions answered this month.