Tag: mortgage

What does the Middle East conflict mean for my mortgage application?

Global events can often feel distant and disconnected from everyday financial decisions, but the reality is that the two are closely linked. The recent escalation of tension in the Middle East has raised fresh questions in financial markets about inflation, energy prices and the path of interest rates. For those people currently applying for a [...]

Overpaying your mortgage: should you do it?

Hardly a day goes by without the cost of living hitting the headlines. For many homeowners the increasing costs of owning and running a home is having a huge impact on household budgets. Even if you are near the top end of your monthly budget, or are expecting a ‘payment shock’ when you come to [...]

How does coffee and chocolate relate to the cost of your mortgage?

At first glance, things like coffee and chocolate might not seem to have much to do with mortgages. But as you might have noticed, both have become noticeably more expensive in recent months. Don’t worry, this isn’t another lecture about skipping your morning latte or Starbucks trip to save for your house deposit. Instead it’s [...]

How to get a mortgage: 4 ways to improve your affordability

Stay ahead of the affordability curve. High interest rates and the cost of living can make getting a mortgage seem daunting, but there are a few things you can do to make yourself more attractive to lenders. Boost your chances with our four essential tips. How do lenders decide whether to offer you a mortgage? [...]

Life after your Fixed Rate mortgage. What happens when your mortgage deal expires?

Life after your Fixed Rate mortgage. What happens when your mortgage deal expires? If the end of your fixed rate mortgage is on the horizon (even if it’s months away), then it’s a good idea to start looking at your options today. If you haven’t got a new deal in place when your fixed rate [...]

A third of first-time buyers accepted for mortgage on first try

Written by: Anna Sagar 13/12/2021 Just over a third (35%) of first-time buyers are accepted for a mortgage on their first try, down from about half (48%) in March last year before the pandemic. According to Aldermore’s first-time buyer index, a survey of 2,015 prospective first-time buyers, about 45% of prospective first-time buyers were rejected [...]

Majority of self-employed say it is harder to get a mortgage

Almost two-thirds of self-employed individuals believe it is more difficult for them to secure a mortgage, according to Foundation Home Loans. The research, carried out by BVA BDRC on behalf of Foundation, also showed that three out of five self-employed people believed some lenders do not want to deal with them. Of those interviewed, 100 [...]

Stamp duty holiday: Success or failure?

Home buyers have benefited from lower or no stamp duty, a tax paid on property purchases, in some parts of the UK, for more than a year. The tax holidays on stamp duty or its equivalent taxes, were introduced by ministers to stimulate the housing market as the country emerged from the first national Covid [...]

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