AR Mortgages

01/08/2024

The Bank of England has today announced a 0.25% reduction to the Base Rate. Good news for those on variable rate mortgages.

22/09/2021

Lovely feedback. A very happy client now getting ready to move to a new home.

Securing your future, today

★★★★★ "Could not have asked for better service"

10/08/2021

Wonderful feedback from wonderful clients. Exactly what was needed when facing the first day back after a long weekend away

★★★★★ "Highly Recommended"

08/07/2020

https://www.bbc.co.uk/news/business-53319433

The government has announced changes to stamp duty to help cut costs for anyone buying a home.

03/06/2020

MARTIN LEWIS returned to ITV screens yesterday, to share his latest money saving tips. During his appearance on This Morning, the financial journalist addressed how homeowners may be able to go about saving money on their mortgage.

13/05/2020

https://www.bbc.co.uk/news/business-52640696?SThisFB

Relief for hundreds of thousands as the government sets out plans to restart England's housing market.

07/05/2020

Your mortgage rate might be due to change
soon, and with all the current uncertainty, you
might be wondering what your options are? Let
us take the stress out of mortgages. We’re here to
help, by email at [email protected]
or phone at 01803 225336.

04/04/2020

What can I do about my mortgage?

Existing Borrowers: Mortgage lenders are focusing primarily on looking after their existing borrowers, ensuring that payment holidays can be approved and that product transfers (rate switches) are available for those coming to the end of their current mortgage rates. If your mortgage deal is due to end, or has already ended and changed to your lenders standard variable rate, please call me on 01803 225336 or email [email protected] for advice on the options available to you.

House purchases already in progress: Many lenders are announcing up to 3 month extensions on mortgage offers already approved in order to ensure that planned house moves can happen when we are all able to move freely again without social distancing. Of course, there will be some house moves that will be essential during this period, and where this is the case, please do this safely.

Remortgaging: Remortgages (changing lenders at the end of a deal or raising additional funds) are still available but generally at lower loan to values. The reason for this is that higher loan to value lending typically needs the property to be valued in person by a valuer, which cannot happen at this time. There are, of course, restrictions on what income may be used for affordability calculations with the introduction of “furloughed” employees.

New House Purchases: New purchase lending is still available if you’ve already had an offer accepted on a property, albeit with many restrictions across the market in terms of loan to value(how much deposit you’ll need to put in), and indeed on the income that can be used in affordability calculations.

If you have any questions regarding options available to you, or simply have questions about your mortgage, I would love to hear from you. I do not charge any advice fees, I am paid a commission by the lender. I simply want to help ease stress for as many people as possible in these uncertain times.

Stay safe

Alan

www.armortgages.co.uk

30/03/2020

Protecting you and your loved ones.

During my lifetime, I can’t recall a more important time to ensure that the right protection plans are in place to protect you and your loved ones in the event of illness or death.

I can show you how to make sure that an income continues to be received if an illness stops you from working.

I can show you how to ensure that your mortgage can be repaid in the event of death, or upon diagnosis of a critical illness.

I can also show you how to make sure your family is provided for financially if you were no longer here to provide for them (whether you are a wage earner or not).

An insurance review with AR Mortgages Ltd costs you nothing but a small amount of your time. If your existing plans are suitable for your needs (based on YOUR plans and goals), then that is exactly what I’ll tell you. If there are shortfalls, I will show you how you can address them and at what cost, allowing you to make informed choices.

Please get in touch at [email protected] or on 01803 225336 to discuss further.

27/03/2020

Good news for remortgages that may be due

Three of the big six high street lenders have no plans to follow Halifax and Barclays in withdrawing mortgages with high tier loan to values (LTVs), Mortgage Solutions understands.

27/03/2020

This seems obvious in the current climate, but worth sharing. Hopefully all parties involved in current sales and purchases of properties can work together to agree delayed completion dates without adding stress and pressure. Moving house is one of the most stressful times in life, please may we all be kind to each other.

The government is urging people to delay or not begin the process of buying or selling a home unless it is absolutely critical.

24/03/2020

Mortgage Payment Holidays:
Following the announcement by the Chancellor, lenders are making arrangements to assist those who face financial difficulty in relation to the Coronavirus. A typical example of when a payment holiday may be granted is:

Residential mortgages

A payment holiday will apply if the borrower is up to date on their payments, not in arrears and can confirm that they’ve been affected – directly or indirectly – by Coronavirus.

BTL mortgages

A payment holiday will apply if the borrower is up to date on their payments, not in arrears and can confirm their tenant is having difficulty in paying their rent due to Coronavirus.

Payment holidays are effectively deferred payments (so will need to be made up in the future, and interest will still accrue. Where a payment holiday is approved, this will not have any impact upon your credit profile.

Texts and emails are being sent directly by lenders, and please remember, they will never ask you for personal information via email or text. Unfortunately at a time when many people are suffering (health or financial) there are unscrupulous people attempting to take advantage.

As always, the following important risk statement applies:

Your property may be repossessed if you do not keep up repayments on your mortgage.