exclusive (only via Broker) Lenders…
From the 30th September 2017, the underwriting criteria for new and existing but to let mortgages is changing where the borrower is defined as a Portfolio landlord.
So this is a quick overview of the different types of survey available and what the importance of selecting the correct survey report is… Too many people rely on the lender’s mortgage valuation to tell them if a property is suitable to buy and think that this will highlight to them if there are any […]
From 30 September 2017, new mortgage regulations from the Bank of England (BoE) will become effective. In the industry it is referred to as PRA phase 2.
These new regulations will mean that in many cases landlords with more than three mortgaged buy-to-let properties will have to provide much more information about all their existing rented properties and other assets, liabilities, income and costs.
Recently published statistics regarding the level of protection state that the average UK father has, reveals that a fifth say their household would be at risk if they lost their income. More than half (53%) of men in the UK with dependent children have no life cover, research from Scottish Widows suggests. The insurer said this means 3.9 […]
The Government announced earlier in the year that there would be a rise in Insurance Premium Tax with effect the 1st June 2017. Of course this date is almost upon us so all should be aware that the rise will be effective for any policies (new or renewals) with effect the 1st June 2017, IPT […]
Legal & General claims 2016 An email received from Legal & General giving their life & critical illness claim statistics for 2016: In 2016 we paid over £606 million in claim payments to 12,000 of our customers. That’s £64 million more than we paid out in 2015. In fact we’ve paid out £2.6 billion in […]
Our local pub is in danger of closing down as a result of the brewery wanting to sell up. The following is information from the community crowd funding pages which are after support to help purchase the pub and run it as a going concern. Reproduced from (and the full information can be found on): […]
The small cost of protection Latest research shows…… 51% of families in the UK have no financial protection in place to support them if the worst happened; 72% of female business owners don’t have protection for their businesses; and the number one fear for 28% of women is their inability to support themselves or their […]
This pulled from a broker forum, tells the experience a seasoned Mortgage Broker had when trying to deal with a lender through their Direct Channel (i.e. rather than via the intermediary/broker route) for his own remortgage….(not me by the way!) This summer my mortgage rate is up for review. I’ve been a faithful customer […]