A mortgage real life story
Mortgage Real Life Story: Helping a Couple Get a Good Mortgage Deal Analysts say that the Bank of England is caught between a rock and a hard place. They have a choice between allowing inflation to run riot or killing borrowers with ever higher interest rates. We see the numbers, but how does it affect […]
What does it take to get a mortgage these days?
What does it take to get a residential mortgage these days? The mortgage market has changed considerably since just before the credit crunch, where at one point, all you needed was a pulse to get a mortgage. Things have changed somewhat, and knowing a bit about the market can help, especially if you want to […]
Bank of Mum & Dad: coming to a High Street near you
Bank of Mum and Dad: coming to a high street near you With property prices being so out of sync with wages, first time buyer activity would be dead if it wasn’t for the unsung heroes of the UK property market. Parents. Whilst the rest of Europe has always been comparatively lukewarm about property ownership, the […]
Stricter rules mean getting a mortgage could be tougher.
What was the problem? Before the financial crisis in 2008, the housing market was booming and lenders were extremely keen to lend. In some cases, buyers were able to take out a 100% mortgage, borrowing up to the full price of a house, and repay only the interest. Lenders were comfortable with this, believing that […]
Why isn’t Help to Buy working in the Capital?
Prospective buyers have had a raw deal in the capital in the last few years. After the crunch, lenders required deposits of at least 15%. With house prices in the capital heading ever upwards, it wasn’t worth bothering considering purchasing if you had less than £50,000 saved, when you took the additional costs like solicitors […]
How will you be affected by these crazy house price increases in London?
I was reading about the 10% surge in house prices in the month of October alone! This can’t be right, can it? Yet, the stories I am hearing from my Estate Agent friends and my clients looking to buy substantiates this very worrying truth. I heard a story where a two bedroom flat in South […]
House prices are about supply and demand.
I was reading about the 10% surge in house prices in London in the month of October alone! This can’t be right, can it? Yet, the stories I am hearing from my Estate Agent friends and my clients looking to buy substantiates this very worrying truth. I heard a story where a two bedroom flat in […]
Q & A on today’s mortgage market
Q: Where do you see house prices heading in London and the South-East? A: We are certainly in the middle of a house price boom, however, I do not think boom will turn to bust any time soon. The reason for this is because there is much more demand than supply in the capital at […]
It’s forward to the past for mortgages
Where we have come from Thirty years ago, owning property was a privilege, not a right. You needed to have an exemplary credit history and a 10% deposit or more. If you had those ingredients, a lender would consider you for a mortgage of up to three times your annual gross salary or three times […]
