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Page 4 of 5

Bank of England's What would Brexit mean for mortgages?

Created on 03 March 2016. Posted in Live News

... economy and your own personal finances and mortgages. While we take no side on the crucial question, it is important to see the issue resolved quickly for mortgage holders. Last week, Prime Minister ...

House with Annex and Outbuildings

Created on 02 March 2016. Posted in Ask the Specialist

We own a house, self catering annex, shepherds huts and caravan site - can we get an interest only mortgage. I have 75k salary / pension. Better half 18k. Turnover of business 25k. Thanks, Bob Ask ...

Foreign currency ex pat mortgage rules from next month

Created on 11 February 2016. Posted in Live News

... the lender selects to distribute their products through) to provide much more information about the impact foreign exchange rates can have on mortgages when borrowers take out the loan. On the face of ...

Expats, Mortgages and Foreign Currency

Created on 07 October 2015. Posted in Live News

... mortgages and not currently buy to let deals in the UK which will be a relief to expats looking to become UK landlords. The EU rules were initially intended to affect buy to let mortgages as well, but ...

Lenders free up lending to focus on safer interest-only loans

Created on 02 October 2015. Posted in Live News

We note the trend of lenders reducing the number of interest-only mortgage loans they have on their books. In 2012 lenders had 2.5 million mortgages that were interest-only but that figure dropped by ...

The return of bonus income mortgages?

Created on 30 September 2015. Posted in Live News

We are pleased to see the return of flexibility to mortgages after years of rigid processes after the financial crash. Since April last year, lenders have been dealing with the fallout from the biggest ...

Could interest rates be cut even further?

Created on 25 September 2015. Posted in Live News

We note with interest that the Bank of England openly considering whether it should cut interest rates even further than 0.5%. For years the speculation has been one way on when the Bank will eventually ...

Getting a mortgage in the military

Created on 23 September 2015. Posted in Live News

... fail standard credit checks. And even those based entirely in the UK move around too often to pass the basic, standardised credit checks needed for all mortgages. The latest Ministry of Defence statistics ...

The shifting rules of buy to let

Created on 18 August 2015. Posted in Live News

... we are most concerned with plans to regulate buy-to-let mortgages being mooted by policymakers and politicians. Chancellor George Osborne said the Bank of England will be given new powers to direct mortgage ...

Expat landlords shrug off Budget changes

Created on 30 July 2015. Posted in Live News

With the UK property market remaining robust it is good to see so many expats looking to invest in the property market. House price growth has been steady in the south-east and London while growing stronger ...

Mortgage Strategy Wired Presents… Undeserved Borrowers

Created on 24 June 2015. Posted in Live News

... of mortgages for the self-employed and older borrowers. With 15% of the UK’s workforce self-employed this can cause issues, especially for those applicants not able to meet the general high street ...

How can I get a second home mortgage?

Created on 24 June 2015. Posted in Live News

... will be able to benefit from interest-only mortgages given these have undergone a significant retreat in recent years as lenders de-risk after the crash. But some are available and you should not instantly ...

What happens to my mortgage when I get divorced?

Created on 24 June 2015. Posted in Live News

... more or less on a car. All these factors will have a material impact on how much you can borrow on your ability to stay in your property and get a new mortgages. It is then time to work how much you ...

Mortgage market bounces back in April

Created on 23 June 2015. Posted in Live News

We are pleased to see the mortgage market bouncing back to life after a subdued start to the year which is great news for borrowers. In February mortgage lenders dished out £13bn worth of mortgages, ...

What would a Brexit mean expat mortgage borrowers?

Created on 10 June 2015. Posted in Live News

We have many clients who live abroad but own houses in the UK or want to invest in the British property market. Many are Brits abroad [perhaps working in financial centres such as Hong Kong, Singapore ...

Older borrowers win victory in landmark mortgage case

Created on 03 June 2015. Posted in Live News

... and setting maximum ages for mortgages as low as 65. It means some people in their forties would be turned down for a mortgage based purely on their age and nothing else. Lenders say older borrowers ...

Interest rates are changing: How does it affect mortgage borrowers?

Created on 01 June 2015. Posted in Live News

The Bank of England is road testing a new way of setting interest rates that could have a massive impact on mortgage borrowers in the next few years. With Bank base rate at rock bottom 0.5% for more ...

Five key ways a Tory election win affects your mortgage planning

Created on 29 May 2015. Posted in Live News

...  That plan affects the cost of UK Government debt – gilts. The price of fixed rate mortgages is intrinsically tied to gilt rates so the lower their yield the cheaper fixed rate mortgages will be. In ...

London house prices set to fall 3.6% this year

Created on 27 May 2015. Posted in Live News

Since the financial crash London house prices have boomed significantly and left the rest of the country in its wake. However, we can report that house prices are set to grow more strongly outside of ...

Nationwide axes foreign currency mortgages

Created on 25 May 2015. Posted in Live News

... same applies to individuals who work on the continent and are paid in Euros but return to their Sterling mortgage loan in the UK. The rules will only apply to residential mortgages and not currently ...