fbpx

Bank of England vote to keep the base rate level at 0.75%

The Bank of England has announced today that the base rate has been held at 0.75%.  This marks the tenth month in a row that the rate has remained the same, though the industry was caught by surprise at the news that two of the nine votes were against keeping the rate level.  This suggests […]

Mortgages for Mortgage Prisoners

The Financial Conduct Authority has announced new rules which will allow lenders to assess affordability differently when looking at mortgages for mortgage prisoners. The new guidelines will let mortgage lenders use a more proportionate affordability assessment which is different to the rules currently used. What is a mortgage prisoner? A mortgage prisoner is someone who […]

Remortgage approval rates up 23% year on year

The latest figures from UK Finance reveal that remortgage approval rates were up by 23.4% in September 2019.  This is in comparison to September 2018. There were almost 86,000 mortgages approved by the main high street banks last month. General Election Homeownership will be at the forefront of a lot of minds with a potential […]

House buying during Brexit

Brexit feels like it has dragged on forever and the one topic everyone seems to ask me is about is buying during Brexit. Whether it’s an existing homeowner looking to remortgage or move home, or a First Time Buyer, the answer is never simple.  Everyone would like more certainty when deciding what to do with […]

Writing and performing stand-up comedy for Wirral Mencap

I never thought I’d be writing and performing stand-up comedy for Wirral Mencap.  In fact, a few years back thr thought of doing anything like that terrified me.  Yet that’s exactly what I’ve just done. Picture the scene: Mid-June 2019. The heatwave of 2018 is long forgotten. It’s raining. Boy racers speeding down the strip […]

Sainsbury’s Mortgage – Sainsbury’s Bank to stop mortgage lending

Sainsburys Bank today announced that they were to immediately stop new mortgage sales which they currently offer under their Sainsbury’s Mortgage banner. In a Q2 trading statement, the Bank revealed the news as part of a five-year plan which will also see 55 branches close. The news comes just a few months after Tesco Bank […]

Why mortgage brokers are needed

New analysis from Experian reveals some excellent reasons as to why you should use a mortgage broker when looking for a mortgage.

Virgin Money launches a 15-year fixed rate mortgage

Virgin Money has launched a 15-year fixed rate mortgage for the first time ever. The move comes as part of a new range of long-term residential and buy-to-let mortgages. The residential rates for the 15-year fixed rate products start from 2.55% at 65% LTV. For those with higher LTVs, rates are 2.75% at 75% LTV […]

Stamp Duty liability

Ahead of the announcement of who will be the next Prime Minister, Boris Johnson has spoken about switching Stamp Duty liability from the house buyer to the seller.