Call Us0208 421 7994

Mortgage News

Searching for Mortgage News from people actually working in the sector? Get the latest updates from experts who actually secure mortgages for clients!

Mortgage lenders misjudge self-employed professionals

Contractor MortgageWhat is it that mortgage lenders don’t understand about self-employed earnings? For permies, they present their P60, bank statement and a few wage slips: Bingo! Providing their salary is enough and credit score not too adverse, their mortgage is in the bag.

Try taking your accounts (or even worse, your contract) to the same branch and you meet with a stony wall of silence. A frozen glare blankets the advisor’s face, making them look even younger than they are…

…and you’re doomed! You know it. They know it. Yet we all go through the application ritual, just to be polite.

Continue reading about  Mortgage lenders misjudge self-employed professionals

Will London become a playground for the world’s wealthy?

I don’t think that there’s any real doubt that overseas investment is the root cause of London property prices spiralling continually higher whilst house prices across the rest of the UK suffer. When we’re only talking two or three percent in a year, with what’s going on in other European countries, most existing mortgage holders would probably take that on the chin. Continue reading about  Will London become a playground for the world’s wealthy?

The rise, fall and recent resurgence of 95% LTV mortgages

Once upon a time in a land before financial collapses and banking crises there lived a happy little product called the 95% loan-to-value mortgage. In fact, not just one, but there were many to be found on the High Streets, up and down the country. Continue reading about  The rise, fall and recent resurgence of 95% LTV mortgages

10% deposit mortgages return, but with high barriers to entry

Despite all of the negativity floating around in the housing sector recently, the good news for those in the market for self employed mortgages is that the average deal on the High Street for a 90% loan-to-value mortgage is cheaper today than it was at the time before the economic downturn.  There are also more products becoming available than when the 90% LTV deal all but disappeared from the High Street. Continue reading about  10% deposit mortgages return, but with high barriers to entry

Increase in House Prices Hints at Long-Term Market Optimism

For the first time in three years there are not only signs that the housing market in the UK is picking up, but also that the government is actively working on all the cogs that will make mortgage lending a very real possibility once more. Continue reading about  Increase in House Prices Hints at Long-Term Market Optimism

Call 0208 421 7994 or Request a Call Back available 8:30am – 6:30pm
Do NOT follow this link or you will be banned from the site!
+1
Tweet
Share
Share
Stumble
Pin
Shares 0