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Mortgages

Extending a Mortgage in Later Life: Property Loans Post-Retirement

Approaching retirement with an outstanding mortgage can be an unsettling prospect; however it does not necessarily have to cause a major financial headache. Increasingly, lenders are acknowledging the fact that more people than ever before need to borrow money beyond their retirement. Consequently, the market for post-retirement products and services […]

Right to Buy vs Remaining a Tenant: Can You Afford to Buy your Home?

The prospect of owning your home is particularly tempting when there is the offer of a huge discount on the table. Introduced in 1980 by Margaret Thatcher, the Right to Buy scheme provides qualifying council house tenants with the opportunity to purchase their properties at a heavily discounted rate. Depending […]

Most High Street Banks Unwilling to Grant Mortgages to Furloughed Workers

Individuals who received government grants during the pandemic due to a loss of earnings are being unfairly scrutinised and automatically rejected by some of the biggest banks on the High Street. A report published this week by the BBC suggests that several major lenders are refusing to accept mortgage applications […]

2021 Predicted to be a Big Year for Remortgage Activity

The hysteria surrounding the temporary stamp duty holiday will live long in the minds of many. Not that it has yet come to an complete end, with the extension of certain privileges to homebuyers having once again been extended until the end of September. By acting fast, homebuyers picking up […]

A Brief Introduction to Self-Build Mortgages

The appeal of building your own home from scratch is undeniable. Purchasing an attractive property is one thing but customising every aspect of your dream home from the ground up is something else entirely. But what must also be taken into account when considering a home building project is obtaining […]

Brokers are seeing a Spike in Activity from Newly Employed Mortgage Applicants

The number of broker searches including the term ‘time in current employment’ has increased significantly, new figures from Knowledge Bank suggest.  Appearing within the top search terms of the first time, it is a strong indication that brokers are doing business with more clients who have recently started new jobs. […]

Mortgage Choice Hits a New Post-Pandemic High

The number of mortgage products available on the UK market has reached a new post-pandemic high, according to the latest data published by Twenty7Tec more than 800 new mortgage products were introduced in June alone. This represents a 6.6% growth on the month prior, bringing the total number of mortgage […]

Importance of Good Advice at an All-Time High, Says Fleet Mortgages CCO

Late last week, Brightstar Group’s Specialist Lend Virtual Expo and a side panel of specialist finance brokers got together to discuss the current lending landscape. The annual event is held to enable brokers to share and access the insights needed to provide better service to their customers. The day-long event […]

How to Get a Good Deal on a Self-Employed Mortgage

Self-employed people are statistically more likely to be declined for a mortgage than the traditionally employed. The vast majority of major banks and lenders impose additional restrictions on the self-employed that do not apply to those in conventional employment. This does not mean it is impossible to qualify for a […]

Are Lenders Unfairly Discriminating Against 5% Deposit Mortgage Applicants?

The return of the 95% LTV mortgage to the UK High Street came as welcome news for many thousands of first-time buyers. Ever since the financial crash almost 15 years ago, lenders have placed greater scrutiny than ever before on those they do business with. Where an applicant is not […]

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