When purchasing a property, securing a sufficient deposit is one of the most significant financial hurdles you’ll encounter. Saving a large enough deposit, especially when you are having to pay rent and bills at the same time. Can be very difficult. For many, this...
Halifax has announced a new exciting change to its mortgage application criteria, that is due to take effect on the 12th of August 2024. In a message to all mortgage brokers this morning, Halifax announced that they will now accept foreign income mortgage...
The property market is constantly evolving, with prospective homeowners on the lookout for the best opportunities to secure their dream home. And with things like rising house prices and higher cost of living, it is becoming more difficult for people to make that leap...
Key facts: Client found his dream property and needed a large £1 Million+ mortgage loan. As a mortgage over £1 Million is larger than your average mortgage, there were several factors that needed to be taken into account and specific criteria needed to be met. Our...
Key facts: Clients were looking to purchase their first home together as a couple and had found the perfect starter home. With a decent sized deposit that they had worked hard to save, our clients were looking forward to starting their new life together as homeowners....
Key facts: Clients had already purchased a property in Putney and were looking for a Putney Mortgage Advisor who knew the area well and had an in-depth understanding of the area to help. The property that the clients had purchased needed a lot of structural and...
The office on national statistics (ONS) have recently released a report that claims that a town’s proximity to London is one of the top 3 factors that affect a property’s value. The data presented by the ONS and recorded in 2019 found that towns within 200km of London...
Fantastic news coming out of NatWest Intermediary Solutions as they announce a significant improvement to their mortgage lending criteria – an increase to both the maximum term allowed and age allowed. What's new? Effective immediately, mortgages submitted via an...
Who are The West Brom? West Midlands based building society The West Brom has announced that they are vetoing their ban on shared ownership mortgages. The 173 year old building society, which was once known as a good new build shared ownership specialist, dropped out...
Mortgage lending juggernaut Santander have today announced that from the 11th of April they will be introducing new self-employed mortgage income requirements. We all know that when it comes to self-employed income, it is never a straightforward affair. Salaries,...
Both Halifax and Scottish Widows have announced today that there will be a dramatic shake up with their loan to income rules from Wednesday the 6th of April. Both lenders will be increasing their loan to income affordability from 4.49X to 4.75X income meaning that...
Over the last couple of days Santander has announced that it has increased its rates on most residential and buy to let products meaning that repayments will go up for thousands of people. Some of the rate changes are as follows…
Our client found his dream property after an extensive search. He already owned a residential property and wanted to keep this as a 2nd home however this was unaffordable to do due to the expense of having two properties.
A regular client of Oportfolio and experienced landlord came back to us to look at remortgaging some of her rental properties to avoid going on to the standard variable rate and also to release some needed equity. We carried out a decision in principle which should have passed no problem however this unexpectedly declined. We then approached another lender but this decision in principle also declined unexpectedly.
Our clients were purchasing a new residential property and needed quite a large mortgage loan. They had been to some mortgage lenders on their own but were struggling to find a lender who would be willing to lend enough to purchase the new property. Their residency status was also causing issues as they were non-UK nationals without settled status.
If you have any questions about UK mortgage news or anything you’ve read then please get in touch. We’d love to hear from you.
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