Almost certainly in response to the recent base rate reduction by the Bank of England, Leeds Building Society has announced updates to its mortgage products. Although not one of the typical big six lenders of the UK, Leeds’s new mortgage products definitely offer some...
NatWest has announced this morning that they will be simplifying their criteria for using earned rental income for a mortgage application, for residential purposes. Most mortgage lenders will use earned income from employment and self employment as a means to...
Can mortgages be transferred to another property? That is certainly a question that a lot of people who currently have a mortgage want to know. Getting a mortgage is normally quite a smooth process if you have the right kind of mortgage advice and advisor. However,...
For anyone looking for temporary short-term lending, perhaps bridging finance could be for you. Bridging finance is a great solution for people who need a quick, temporary cash injection but don't want to have to take out a conventional long-term mortgage. In this...
Key facts: Clients owned their own property with £150,000 outstanding on their current mortgage Both clients were in their 50's and hoping to retire in a few years They had money in savings and for a while had considered clearing their mortgage with this money, to...
Santander have been the latest in a bunch of lenders to start reducing their mortgage rates, a good sign after volatile few weeks of increasing rates. Santander lowering mortgage rates comes after the former Prime minister Liz Truss resigned and the new PM Rishi Sunak...
Do you own a residential property, either with or without a mortgage? Are you looking to move to a new home but struggling to sell your property? Or perhaps you just fancy keeping hold of the home for the time being? Maybe a let-to-buy mortgage is for you. A...
The Telegraph and other news outlets reported over the weekend that we may be seeing the first signs of mortgage rates dropping since the former Chancellor of the Exchequer Kwasi Kwarteng announced a disastrous mini budget a few weeks ago. But are rates...
The lending arm of Richard Branson's mega corporation Virgin, Virgin Money sent out an email to mortgage brokers today to announce that they have launched some new exclusive mortgage broker rates for residential and buy-to-let borrowing. As members of the PRIMIS...
In a statement today, the deputy governor of the Bank of England Ben Broadbent announced that the rate rises that we have seen in recent weeks and month might be more than we actually need. Meaning that the interest rate rises, and the outlook of the economy...
Key facts: Clients were contacted by Oportfolio 6 months before their fixed rate deal was due to end They had been enjoying a fixed rate mortgage for 2 years and had completely forgotten that their rate was due to expire If they hadn't been contacted, they would have...
In this day and age, 95% mortgages are few and far between unfortunately as lenders are still cautious about how much they lend and who qualifies for the higher mortgages. Now, a standard deposit amount is normally a minimum of 10% i.e. 90% mortgage, with...
Key facts: Clients were British citizens living in the US Having recently secured a job in London, the couple decided that they would re-locate to the UK and wanted to buy a home here. They had a mortgage in the US on their previous residence that wasn't sold yet....
New data produced by property website Rightmove yesterday shows that property prices are still high and breaking records, despite the economy struggling in recent months. We, like most financial service companies think that property prices are likely to reach a...
With the announcement coming out of parliament today that the new chancellor Jeremy Hunt will backtrack on almost all of the previous chancellor's tax cut announcements from the mini budget, a lot of people have been asking "where are mortgage rates heading?". In our...
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