What is Equity Release? Put simply, equity release enables those aged between 55 and 95 to access some of the cash locked in the value of their homes. The loan plus interest is repaid following the death of the client or their admission into long-term care; or, if it is a joint plan, the […]
So a summary of some of the emails that have passed across my desk over (just) the last week..! Insurance & Protection Legal & General – details of a free feature provided by them on their newer life products Aviva amendments to their Income Protection and Life & Critical Illness products Aegon Scottish Equitable & […]
On 2 August 2018, the Bank of England raised the interest rate for only the second time in a decade. The rate has risen by a quarter of a percent, from 0.5% to 0.75% – the highest level since March 2009.
The value of a mortgage broker – why should you use a mortgage broker
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.
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 […]
Don’t fall foul of a trick that some estate agents use when either registering with them to view a property, or at the point that you are actually making an offer on a property on their books… Some will have you believe that you can become a ‘preferred purchaser’ by being ‘qualified’ or checked out […]