Making the right mortgage choice
Helping you make an informed decision for your homeownership needs Choosing the right mortgage type is a crucial decision. A wrong choice could lead to unnecessary expenses. Identifying the mortgage type that aligns with your financial situation is the first step towards selecting the right lender and mortgage product.
Getting the green light on your mortgage application
How much could you borrow towards the purchase of a property or remortgage? Arranging a mortgage is a significant step, and the term you are likely to encounter is an ‘Agreement in Principle’ (AiP), also referred to as ‘Decision in Principle.’ But what does it entail, and how can it facilitate your dream home purchase?
How Loan-to-Value (LTV) ratio affects your mortgage
Helping lenders assess the risk associated with providing you with a mortgage When purchasing a home, the amount you borrow is often represented as a percentage of the property’s value – this is known as the Loan-to-Value ratio (LTV). Your LTV plays a crucial role in your mortgage application’s acceptance; a lower LTV is generally […]
Securing your first dream home
Guiding you through your home-buying journey from start to finish Venturing into homeownership as a first-time buyer is an enthralling yet complex endeavour requiring meticulous consideration and foresight. Those keeping a close eye on the news can attest to the rollercoaster ride the property market has been on in recent years.
Mortgage affordability assessment
Are you financially prepared to apply for a mortgage? Are you financially prepared to apply for a mortgage? This is a question that countless prospective homeowners grapple with each year. Succeeding in this process brings you significantly closer to your dream of homeownership, whereas falling short may require reassessing your plans.
Bank of England raises interest rates to 5.25 per cent
The Bank of England has announced a 25 basis point increase in the base rate, bringing it to 5.25 per cent. Marking the 14th consecutive rise, this decision follows better-than-anticipated consumer price inflation (CPI) data for June, which showed a decline to 7.9 per cent. Within the nine-member Monetary Policy Committee, the decision was far […]
UK Inflation falls. Market impact
In response to the most recent inflation figures, Head of Business David Wise provides an insightful perspective: “Finally, inflation is moving in the right direction. The focus is firmly on August inflation figures to see if this is gaining momentum” In the past few weeks swap rates have demonstrated relative stability, leading to a decrease […]
What next for mortgage rates as much of the Mini-Budget is reversed?
House prices hit a record high in August, according to latest figures from the Office for National Statistics, with average values rising by 13.6 per cent, or £36,000 on an annual basis. However, this data looks historic given what has happened in recent weeks, with the recent economic turmoil following the mini-Budget causing mortgage rates […]
Mortgage approval rise as pandemic property boom continues
The pandemic property boom shows no sign of abating with net mortgage borrowing of £6.2 billion in February, the highest in nearly five years. However, fewer mortgages were approved during the month, according to the Bank of England, as many buyers realised they would not be able to meet the original stamp duty holiday deadline, […]
House prices rise at fastest pace in nearly six years
November tends to be one of the quieter months of the year for the housing market, as buyers and sellers are distracted from house moves as they start to focus on the festive period. But this year it is very different. UK house price growth is at the fastest pace for almost six years, according […]