private rented sector

Deadline Approaching for Help to Buy Program
Home Mortgage, Mortgage Broker, Mortgage Lenders, NEWS ARCHIVES, private rented sector

Deadline Approaching for Help to Buy Program

The Help to Buy program is a government-backed initiative that helps first-time homebuyers purchase a home. The program offers a range of incentives, such as a 5% deposit, no interest payments for the first five years, and a 20% equity loan. The deadline for applications is fast approaching, so if you are thinking about buying your first home, now is the time to act.To be eligible for the Help to Buy program, you must be a first-time buyer and meet certain criteria. You must also have a minimum deposit of 5% of the purchase price of the property. You must also have a good credit score and be able to demonstrate that you can afford the mortgage payments.Once you have met the eligibility criteria and submitted your application, you will need to provide proof of income and assets, as well as ...
Mortgage Approvals Reach Highest Levels Since Before the Start of the Pandemic
Home Mortgage, Mortgage Broker, Mortgage Lenders, NEWS ARCHIVES, private rented sector

Mortgage Approvals Reach Highest Levels Since Before the Start of the Pandemic

The housing market has been one of the few bright spots in the economy during the pandemic. Despite the economic downturn, mortgage approvals have been steadily increasing since the start of the pandemic, and recently reached their highest levels since before the pandemic began. The increase in mortgage approvals is due to a combination of factors. Low interest rates have made mortgages more affordable, and many people are taking advantage of this to purchase a home or refinance their existing mortgage. Additionally, the government has implemented several measures to help people access mortgages, such as offering mortgage payment holidays and increasing the availability of government-backed loans. The increase in mortgage approvals is good news for the housing market, as it indicates that ...
A Buy to Let Mortgage: An Overview
Home Mortgage, Mortgage Broker, Mortgage Lenders, NEWS ARCHIVES, private rented sector

A Buy to Let Mortgage: An Overview

A buy to let mortgage is a type of loan specifically designed for people who want to purchase a property with the intention of renting it out. It is a popular option for those looking to invest in rental properties and generate an income from them. In order to qualify for a buy to let mortgage, you must meet certain criteria. Generally, lenders will require you to have a good credit score and a minimum deposit of around 25% of the property’s value. You will also need to demonstrate that you have sufficient income to cover the mortgage payments, as well as the costs of running the property. When taking out a buy to let mortgage, it is important to consider the costs associated with the loan. Generally, interest rates are higher than those for residential mortgages, so it is important to sho...
How a Bank Base Rate Increase Can Affect Your Finances
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How a Bank Base Rate Increase Can Affect Your Finances

When the Bank of England raises its base rate, it can have a significant impact on your finances. A base rate increase is a change in the interest rate set by the Bank of England and is used to influence the cost of borrowing and the availability of credit. It affects the cost of mortgages, loans, savings accounts, and other financial products. Here’s what you need to know about how a bank base rate increase can affect your finances. Mortgages: When the Bank of England raises its base rate, it can affect the cost of your mortgage. If you have a variable rate mortgage, your lender will likely pass on the increase in the base rate to you. This means that your monthly payments will go up. If you have a fixed rate mortgage, your payments won’t change until the end of your fixed period. However...
Speak to Us Before Taking a Mortgage Holiday
Home Mortgage, Mortgage Broker, Mortgage Lenders, NEWS ARCHIVES, private rented sector

Speak to Us Before Taking a Mortgage Holiday

If you are struggling to make your mortgage payments due to financial hardship, it is important to speak to your lender before taking a mortgage holiday. A mortgage holiday is a period of time when you are not required to make payments on your loan. It can be a useful way to manage your finances, but it is important to understand the implications before taking a mortgage holiday. The first thing to consider when deciding whether or not to take a mortgage holiday is the impact it will have on your credit score. While taking a mortgage holiday can help you manage your finances in the short term, it can also have a negative impact on your credit score. This is because lenders view missed payments as a sign of financial risk, and this can negatively affect your ability to obtain credit in the ...
Learn How to Consolidate Your Existing Debts into a Mortgage
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Learn How to Consolidate Your Existing Debts into a Mortgage

Debt consolidation is a popular way to manage debt and reduce monthly payments. It involves taking out a loan to pay off multiple existing debts, such as credit cards, medical bills, or other loans. By consolidating your debts into a single loan, you can reduce the amount of interest you pay and make it easier to keep track of your payments. One way to consolidate your existing debts is to take out a mortgage. Mortgages are typically used to purchase a home, but they can also be used to consolidate existing debts. When you consolidate your debts into a mortgage, you’ll be able to pay off all of your existing debts with one loan. This can help you save money on interest payments, as mortgages typically have lower interest rates than other types of loans. Additionally, mortgages usually have...
77 Mortgages Shortlisted for Best Mortgage Adviser Award
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77 Mortgages Shortlisted for Best Mortgage Adviser Award

Mortgage advice is an important part of the home buying process, and finding the right mortgage adviser is essential for a successful purchase. That’s why it’s exciting news that 77 mortgage advisers have been shortlisted for the Best Mortgage Adviser Award. The award is presented by the Mortgage Advice Bureau (MAB), which is the UK’s leading mortgage advice network. The award recognizes the best mortgage advisers in the country, and this year’s shortlist includes advisers from across the UK. The 77 shortlisted advisers are all highly experienced and have a proven track record of providing excellent advice to their clients. They have been chosen based on their knowledge and expertise, as well as their commitment to providing the best possible service to their customers. The shortlisted adv...