November 29, 2020

90% Mortgages – Update

The shortage of 90% mortgages has been a problem lately. It’s not just first time buyers and home movers with a 10% deposit that are affected. There can be a knock on affect to other transactions. So the demand for 90% mortgages is there, but how are things with the […]
November 26, 2020

House Prices – Oct / Nov 2020

House prices have continued to rise year on year according to various sources. However, are there signs that prices are beginning to fall? Annual House Prices According to the Halifax House Price Index, annual house prices increased in October by 7.5% when compared to the same period last year. The […]
November 22, 2020

Is it difficult to arrange a mortgage at the moment?

Back in April, we answered the question, ‘how hard is it to arrange a mortgage at the moment‘. Although there have been many changes since then, the general answer is still the same, ‘it’s harder than it used to be’. The pandemic has affected different parts of the supply chain […]
November 1, 2020

Stamp Duty Holiday – Time to get a move on?

In July, the Chancellor announced a stamp duty holiday for certain transactions. Housing market activity had already bounced back after lockdown and this further increased demand. So what effect as this had on the house buying process? When should you start the process in order avoid missing the stamp duty […]
October 25, 2020

What Has Happened to House Prices During Coronavirus?

In March, many people would have predicted that house prices would have fallen significantly because of Coronavirus. In fact, the figures tell a very different story. Prior to lockdown, there were reports that house prices had increased by 2.1% up to March 2020. Due to the effect that Coronavirus would […]
October 20, 2020

Going Back to the 90s

There aren’t many 90% loan to value (ltv) mortgages available at the moment. In fact, if you have less than a 15% deposit, finding a mortgage can be difficult. This is having a big effect, especially on first time buyers. So what’s happened, why and what are the alternatives? Background […]
May 31, 2020

Should I Remortgage to Pay Off Debt?

Whether out of necessity, precaution or having the time due to lock down, people are reviewing their finances. Many people see a remortgage as a sensible way to restructure debt, but there are things to consider. Will You Save Money? Yes and no. Yes, it will more than likely reduce […]
May 30, 2020

Return of the Housing Market?

Lock down made purchasing a property virtually impossible. However, in May we have seen restrictions eased for Estate Agents, Surveyors and Solicitors. Mortgage numbers have increased and this includes products for people with lower deposits. So is this the return of the housing market? Bounce Back? We have definitely seen an increase in […]
May 10, 2020

Are Lenders Agreeing Mortgages for Self-Employed Business Owners?

Business owners and the self-employed can find it difficult to get a mortgage at the best of times. COVID-19 and the resulting lockdown has made this even more of a challenge. However, mortgage lenders also face challenges of their own. These include their staff working remotely, surveyors in lockdown and […]
May 9, 2020

Can You Still Get Equity Release Mortgages During Lockdown?

It’s encouraging to see how lenders and solicitors have evolved their processes around Equity Release during the COVID-19 Lockdown. Initially, there were challenges around remote working. Then there were challenges around property valuations and independent legal advice. Some large provider such as Legal and General, LV and Aviva are now […]