Month: April 2019

Mortgage Choice for Those with Just 5% Deposit Increases

Whilst there are many people that are still in need of getting onto the housing ladder there is now more scope as more mortgages become available for those who only hold a 5% deposit.   Over the past ten years there has been a rapid increase in the amount of deals available to those looking for a 95% mortgage, originally there were just 3 deals available, today there are over 400!   Due to the increase in offers available, it has forced many lenders to offer lower and lower rates to increase their competitiveness in the market.   The majority ... Read more

How To Save Money on Your Mortgage

There are more than 2 million people in the UK that are currently paying over the odds on their mortgage repayments and could be savings thousands over the duration of their mortgage.   The reason that so many homeowners are paying over the odds is due to them either not realising that they are on the lender’s standard variable rate (SVR) or not having gotten around to switching to a better deal.   At the end of a mortgage ‘deal’ it is standard that the ‘deal’ ends and the following month the mortgage reverts to the SVR, a lender will ... Read more

Shift in Landlords switching to Limited Companies

According to an investigation recently carried out by Precise Mortgages, there has been a large increase in the number of landlords that are planning to use Limited Company Status to carry out new purchases of rental properties in 2019.   Almost two thirds of landlords, who own four or more properties are planning on making the switch in 2019, this is up from the 41 percent recorded at the same time in 2018.   Of the two-thirds landlords that are going to be using limited company status to purchase the properties, just 17 percent of them own between one and ... Read more