When we receive the mortgage offer for our clients, a key thing we talk to them about is what the lender can offer them in the future. The three main things being, product switches/transfers, mortgage porting and further advances. Firstly…
Guide for a First Time Buyer
Step 1, get yourself mortgage ready. Let’s assume you have already saved or have a gift from a close relative to fund the deposit, an independent survey, solicitor’s fees, moving costs and any new furnishings you will need. As…
Lenders who understand life’s ups and downs
One of the things that we see a lot of as independent mortgage advisers, is clients who have been made to believe they can’t get a mortgage after being to one of the high street lender and being rejected. However…
Potential In Multi-Unit Blocks
Many landlords have been feeling the squeeze over the last few years, various changes have come in regarding regulations and the changes to mortgage interest relief just to name a couple of things. Although the private landlord sector has taken…
Put Your Eggs in Different Baskets
When it comes to being a sensible investor, one of the first rules is not to put all of your eggs in the same basket. Where possible, you should try and put your eggs in as many different baskets as…
Issues with the help to buy equity loan
With a help to buy equity loan the government lend you 20% of the purchase price of a newly built home, so you only need to put a 5% deposit down and obtain a mortgage of 75%. This initially seemed…
Mortgage Market Changes
As of late we have seen Secure Trust Mortgages and Magellan Home Loans leave the mortgages market. These lenders cite various reasons for their withdrawal from the market including; competition in the market place, reducing interest rates, competition for funding…
Help to Buy ISA Closure
If you are a first time buyer and you are saving to purchase your first property you may have opened a Help to Buy ISA. The Help to Buy ISA is not to be confused with a Help to Buy…
Prioritising Your Insurance Needs
At Kieron Bassett Financial Services whenever we recommend a mortgage we will always look to re-assess a clients insurance needs. It is often suprising when we do this to see how little insurance people have, given that it should be…
Dismissing Lifetime Mortgages Stigma
Lifetime mortgages, perhaps more commonly referred to as equity release by many, are not what they once were. They are significantly improved products from yester year, so should all the taboo and stigma surrounding them be a thing of the…