With the cost of living still biting and interest rates higher than many of us are used to, more homeowners are asking the same question:“How can I reduce my monthly outgoings without losing the great rate on my current mortgage?”For some people, a second charge mortgage – especially when used for debt consolidation – can be one way to do just that.In this blog, […]
Thinking about a mortgage in Castle Cary? Here’s what you need to knowCastle Cary is one of those places people visit once and then start searching Rightmove on theway home. A proper Somerset market town, it has characterful old streets, a busy high street,weekly markets and that all-important train station with direct links to London Paddington –making it popular with both locals and commuters.If […]
By Jamie Cullen, Director ‒ Cullen Financial Services Current Market Snapshot in Sherborne (Dorset)If you’re looking at mortgages or property in the DT9 area of Sherborne, here are some of the most relevanttrends: What This Means For Borrowers & SellersBuyers: The market is steady, offering opportunities to purchase without inflated premiums. Mortgageaffordability checks remain tight, so securing a fixed rate can provide peace of […]
More people than ever are approaching retirement with outstanding debts or planned expenditure that they currently do not have the funds to sustain Equity release from your home is an option to provide you with the funds for this, however increasing options have recently come to the market that give a wider range of choice. Because of this, identifying which option suits you best […]
If you currently are on a fixed rate mortgage deal don’t fall into your lenders SVR “trap”, act now before your fixed rate mortgage deal ends Anyone who fails to switch from their current fixed rate deals to a new deal is likely to see their monthly mortgage cost to rise by at least £100, as their lender switches them automatically onto their standard variable […]
More than 20% of mortgage applications from self employed applicants are rejected, one in four have been turned down more than four times As an experienced Mortgage broker, we have dealt with countless self employed applications and knows the common pit falls where going it alone can extend and even completely halt the process. Using a mortgage broker takes the guess work and heart […]
Is Borrowing From Parents The Best Mortgage Route For First Time Buyers? The Bank of Mum and Dad is projected to be a top 10 lender for first time buyers in 2020, however the good news is that some options currently available on the market might cost parents no cash at all. Lenders are appreciative that the rise in the average parental contribution in […]
Tis’ The Season For Lower Mortgage Rates If you currently are on a fixed rate mortgage deal act now to grab some sensational fixed rate mortgage deals. Speculation on interest rates and the sluggish market due to the uncertainty over Brexit means that lenders are cutting prices, even ahead of expected interest rate cuts by the Monetary Policy Committee. Now is the perfect time […]
Landlords Can Potentially Save Hundreds Of Pounds Per Month Thanks To The Greatest Range Of Buy To Let Mortgages For Years Interest rates are generally low, however what is more important is that more high street lenders are willing to consider Buy To Let applicants that they wouldn’t have in the past, and at very attractive rates. There are currently in excess of 2,000 […]