mortgage advice

Stamp duty cut saves first-time buyers £284m to date
Aug 8, 2018 No Comments In Blog By
Figures out at the end of July show that First Time Buyers have saved £284m in would-be stamp duty payments since the Government announced the new £300,000 property threshold. According to government statistics, 120,000 first-time buyers have avoided paying stamp duty on their homes since these new rules were introduced. Under the new ...
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Average house prices rise to a record £230,280 – Halifax
Aug 7, 2018 No Comments In Blog By
Great article by Michael Lloyd on Mortgage Introducer today showing that Halifax’s House Price Index has seen house prices continue to rise compared to this time last year and this has pushed the average house price rising to a new record level of £230,280! But more importantly, Lloyd comments ...
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What can I borrow?
Aug 6, 2018 No Comments In Blog By
Whether you’re looking to buy a new home or simply find a better mortgage deal, Plus Mortgages can help. Whatever it is you’re looking to do, the very first thing you’ll need to know is what you can borrow. This can vary massively between lenders and all depends on ...
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Most borrowers unlikely to be affected from rate increase
Aug 3, 2018 No Comments In Blog By
Research by UK Finance shows that up to 95% of borrowers are unlikely to be affected by this weeks BoE rate rise, at least in the short term, because they opted for fixed-rate mortgage products. Given that the cost of lending is rising for Banks, customers on a variable mortgage ...
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MPC votes unanimously to raise Bank Rate to 0.75%
Aug 2, 2018 No Comments In Blog By
Interest rates rise from 0.5% to 0.75%. At its meeting yesterday, the Monetary Policy Committee voted by 9-0 to increase Bank Rate by 0.25 percentage points, to 0.75% Contact us to find out how this might affect you or visit the Bank of England website for more details by clicking here.
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So-called ‘cheapest’ mortgage deals may cost you nearly £900!
Aug 2, 2018 No Comments In Blog By
Customers seem fixated with finding the best interest rate but often don’t realise that this may be costing them more. Read the full article via Mortgage Strategy by clicking here. The true cost of the mortgage (over the product term) is the figure you need to look at. At ...
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Will UK house prices continue to rise into the 2020s?
Jul 31, 2018 No Comments In Blog By
Despite concerns over the impact of a hard Brexit, house prices are predicted to continue rising in the UK into the 2020’s. Time will tell and whilst there is still a huge amount riding on the outcome of our Brexit negotiations, this news is definitely encouraging for those considering purchasing a home. ...
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Could Protection have helped this couple avoid potential repossession?
Jul 30, 2018 No Comments In Blog By
Putting the interest-only ‘mis-selling’ issue to one side, one way these customers could have avoided this desperate situation is through suitable Personal Protection policies. All very well in hindsight but worth remembering. Protection is there to help you when you’re too unwell to work or suffer a debilitating illness ...
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Five Things You Should Know About… Joint Borrower – Sole Proprietor Mortgages
Jul 26, 2018 No Comments In Blog By
If you’re a First Time Buyer and struggling to afford the property you want, you might want to consider a Joint Borrower – Sole Proprietor mortgage. This product allows you to use the income of another person (such as a parent) to maximise mortgage lending, however only the first applicant ...
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