How important is being on the voters roll when applying for a mortgage?

During the process of applying for a mortgage you will have a credit check, usually called either an ‘agreement in principle’ (AIP) or ‘decision in principle’ (DIP). Most lenders will use a combination of the data entered on the agreement … Continue reading

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The best 95% mortgage for first time buyers I have seen since they all but disapeared

The deal? From tomorrow we will be able to offer a new 95% mortgage designed specifically for first time buyers that is fixed at 4.69% for 3 years with no lender arrangement fee. The catch? Well not so much a … Continue reading

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Increasing standard variable rates, what does it mean to you and what are your options?

The SVR hike In the past week or so I have read various reports of lenders plans to increase their standard variable rates, referred to as SVR from here on in. Halifax, RBS and Bank of Ireland have all announced … Continue reading

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Probably the most difficult mortgage I have ever done

When things go wrong with a mortgage application the consequences can be severe. Occasionally the only thing that holds you up from exchanging contracts on your purchase is receiving your mortgage offer. This was case for a recent client of … Continue reading

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Getting a mortgage with mortgage arrears is still possible with leading high street bank

I recently had an enquiry from a customer who was looking to buy a property who had disclosed 4 months mortgage arrears from 2010 that were only cleared 18 months ago. Given the current climate and banks reputed unwillingness to lend, my … Continue reading

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The changing face of the mortgage market since 2007

In October 2008 the Bank of England Base Rate (BBR) was 5% and Mr & Mrs Smith purchased a property for £380,000, put down a 10% deposit of £38,000 and borrowed £342,000 from Nationwide Building Society. The product we recommended … Continue reading

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