Sales of residential flats back to pre-Covid level.

The UK HPI which is a combination of data from the HM Land Registry, Land and Property Services Northern Ireland, Office for National Statistics and Registers of Scotland. Analysis of  the HPI data showing the sale of units or the number of residential flats may be reaching pre-covid levels.   The first graph below shows […]

Shocking! 81% of First Time Buyers?

Shocking! 81% of First Time Buyers? 81% of first time buyers have failed in their first attempt with a mortgage application. That is the headline from a survey by a mortgage lender this week.  A survey by Aldermore shows an incredibly high proportion of first time buyers have their mortgage application rejected at least once. […]

Advantages and Disadvantages of the new 95% mortgage scheme

Advantages and disadvantages of the new government sponsored 95% mortgages. With the guarantee provided by the government lenders have started to offer 95% mortgages again. Even better news is that the scheme is not restricted to new builds.   It is thought that over 70% of private renters and those living with parents are saving […]

Why use a broker for your mortgage?

10 Reasons to use a broker Most common questions Googled on Mortgages by the public answered.   Later in the series we will cover “What”, “Where”, “When”, “Which” and “Why” questions.   The idea of these posts are to provide non-finance experts with guidelines, so they can make informed decisions regarding property finance.  Series B: “Why” […]

How much can I borrow for a mortgage ?

For todays’ “How” on Google, we will shed light on what affects the amount you can borrow on a mortgage.  Most Common “How” Google questions on Mortgages answered.   In this new series we try to answer the most common questions on mortgages Googled by the public.   Later in the series we will cover […]

How can I raise more money on my property?

Remortgage, Further Advance or Second Charge.  Three options to raise capital on your property. Most Common “How” Google questions on Mortgages answered.   In this new series we try to answer the most common questions on mortgages Googled by the public.   Later in the series we will cover “What”, “Where”, “When”, “Which” and “Why” […]

How early to remortgage?

Most Common “How” Google questions on Mortgages answered.   We are starting a new series where we try to answer the most common questions on mortgages googled by homeowners.   Question 1: How early to remortgage before the current rate end? When your existing rate comes to an end, you have two main options.  Stay […]

EWS1 Requirement for flats

New guidance on EWS1 from April 2021 From April 5th 2021 new recommendations of fire safety test requirements will come in to effect.  It is expected to remove up to 500,000 properties from the EWS1 requirement and free up the property to be mortgaged.   Some buildings that were not on the original list are […]

Help to Buy – new scheme from Apr 2021

The current Help to Buy (HTB) scheme comes to an end on 16th December 2020.  If you have not applied by that time you will need to wait till 1st April 2021 to move in to the new property when the new scheme starts.  However, you can start the new application from that date.   […]