Lingyu Wu, Mortgage and Protection Advisor

17/08/2023

Many congratulations to mu buy to let clients on their dream offer.

15/08/2023

Many congratulations to my portfolio client on getting their dream re-mortgage offer! 🎉

07/08/2023

As a professional mortgage broker, I care whether my client can have the best deal. I argue, supported by evidence, when I see the illogical result from the lender we want to get the mortgage from.

Although the product rate might be small from lender to lender, however with a bigger loan amount, it does make a considerable payment difference.

Many congratulations to my clients, Mr and Mrs, who are portfolio landlords! They can now get the desirable mortgage product with a free valuation and free legal.

I am going to do the full application now. 😁

30/07/2023

UK Lender 👉 National Westminster Bank, commonly known as NatWest.

NatWest is a major retail and commercial bank in the United Kingdom based in London, England. It was established in 1968 by the merger of National Provincial Bank and Westminster Bank. In 2000, it became part of The Royal Bank of Scotland Group, which was re-named NatWest Group in 2020.

The photo shows Fitzroy Street, Cambridge, in the late 1960s. Credit: CEN.

11/07/2023

A new deal between lenders, the FCA and the government permitting customers who are up to date with their payments to:

Switch to interest-only payments for six months or
extend their mortgage term to reduce their monthly payments and give customers the option to revert to their original term within 6 months by contacting their lender
These options can be taken by customers who are up to date with their payments without a new affordability check or affecting their credit score*. Customers who are currently in arrears should continue to work with their lender for the support that they need.

* Monthly payments after the support may be higher than they otherwise would have been and overall costs over the life of the mortgage will be higher. Affordability will need to be checked if borrowers wish to permanently convert to an interest-only mortgage, or where the mortgage term is proposed to be extended beyond the borrower’s expected retirement date.

07/07/2023

29/06/2023

As a professional mortgage advisor, organising files, searching products and making applications are not my only jobs. Another main focus is to keep learning and updated with the most recent lending criteria and policies from the whole-of-market lenders so that the recommended products to my clients are the most appropriate ones.

26/06/2023

A few more lenders are raising interest rates.

Don’t wait for a potentially expensive mortgage, contact us today - 077 8055 1226

18/06/2023

Do you know Bank of Mum and Dad is one of the UK's biggest mortgage lenders (Ref Family Building Society)?

Do you know you can 100% own your home by taking a guarantor mortgage which your dad is the guarantor on your mortgage?

Have you heard of 'joint ownership sole proprietor mortgage', where your dad and your name are on the mortgage deed, but only your name is on the title deeds meaning you own 100% of the property?

I know Dad is truly amazing in many aspects, is not he?

In this special moment, we want to shout out to all of dad's support and cheers to the hero! Happy Father's day!

15/06/2023

[Successful case sharing]

A mortgage offer is issued for my first-time buyer clients within a week.

Background: The applicants have lived in the UK for over two years with a Global Talents Visa. Their family gifted them a deposit from a foreign country, and their loan to value is 75%.

The vendor has accepted my clients' offer to the property. However, the property agency insists that my clients must work with their suggested mortgage broker. Since then, the recommended broker charged a fee, imposed many conditions and required many unnecessary documents, significantly delaying the application process, during which the interest rate rocketed. Eventually, the clients came to me for the application, and I helped them get an offer within one week. My clients are delighted to see the offer.

PS: If the real estate agency forces or threatens the buyers to use the mortgage broker they recommend, it does not meet the FCA requirements for fair competition and is against the rules. You are free to choose any mortgage broker you trust and report them.

I am an FCA Registered Mortgage and Insurance Adviser (Registration Number: LXW00286). My passion is to help you choose the most suitable product from more than 70 lenders across the UK. Contact me for free consultation and application.

Tel: 077 8055 1226
Email: [email protected]

09/06/2023

Remortgage tips!

A mortgage is a loan - the higher the interest rate, the more interest you pay back.

However, you have the power to benefit from this situation.

You can secure a remortgage product as early as six months before your current mortgage matures. You can then accept an offer with the best rate within these six months.

We need your latest three months' bank statements to explain income and expenditure.

If you have other income besides salary, please bring your self-assessment document, i.e., SA302.

Get prepared! Don't wait until the last month without many choices and potentially get a costly product.

Let me find the best remortgage deal from lenders across the UK and save money for you.