Seafarer Mortgage Applications FAQs

Posted on 22 Aug 2019
Seafarer Mortgage Applications FAQs

There seems to be a lot of uncertainty surrounding the application process and eligibility of seafarer’s obtaining a mortgage in the UK.

Many clients contact us saying they have tried everywhere but to no avail, or many have got a decision in principles only to then get declined upon... Read more...

Bank Rate Maintained At 0.75%

Posted on 01 Aug 2019
Bank Rate Maintained At 0.75%

The Bank of England’s Monetary Policy Committee has voted unanimously to maintain Bank Rate at 0.75%. This is continued good news for borrowers, particularly mortgage holders, who will be relieved not to see their payments increase.

The Bank of England is expected to keep interest... Read more...

Is the UK Property Market Finally Seeing an Upturn in 2019?

Posted on 01 Aug 2019
Is the UK Property Market Finally Seeing an Upturn in 2019?

At last there is some good news regarding the stability of the UK housing market.

Mortgage lending growth remained steady in the year to June offering indications... Read more...

What are Special Purpose Vehicles & Why Are They Used By Property Developers?

Posted on 17 Jul 2019
What are Special Purpose Vehicles & Why Are They Used By Property Developers?

What is a Special Purpose Vehicle (SPV)?

A SPV (Special Purpose Vehicle) is a type of limited company that is set up for a specific purpose.

The term SPV in the mortgage industry is the term for a limited company specifically set up to buy and rent properties.

Why are... Read more...

What is a Mortgage Broker & Why Should I Use One?

Posted on 18 Jun 2019
What is a Mortgage Broker & Why Should I Use One?

Put simply, a mortgage broker is an intermediary who will help you to find and arrange a deal on your mortgage.

The advice they give is tailored to your individual needs and circumstances

Not only will they be able to tell you what size mortgage you’re likely to get based on... Read more...

What is a Help to Buy Equity Loan?

Posted on 05 Jun 2019
What is a Help to Buy Equity Loan?

A Help to Buy equity loan is a loan from the government which you can combine with a deposit and a mortgage to buy a new-build property.

The loan is interest-free for the first five years.

The... Read more...

A Step by Step Guide to the Home Buying Process

Posted on 23 May 2019
A Step by Step Guide to the Home Buying Process

Buying a home is a huge financial commitment and can be daunting – especially if you’re a first-time buyer.

The process is often a complex and lengthy one but if you break it down into stages, things aren't as scary as they seem.

If you can get your head around the basics of ... Read more...

What Types of Insurance Should I Get For a Mortgage?

Posted on 09 May 2019
What Types of Insurance Should I Get For a Mortgage?

When taking out a mortgage you need to carefully consider what types of insurance you need.

There is one type of insurance which is usually compulsory when you... Read more...

The Bank Of England Base Rate Is to Remain Unchanged

Posted on 02 May 2019
The Bank Of England Base Rate Is to Remain Unchanged

The Bank of England's monetary policy committee has voted unanimously to keep the base rate at 0.75%. The rate has stayed at this level since it was raised from 0.5% in early August last year.

The decision to hold the rates will be no surprise given the continued uncertainty over the... Read more...

Your Credit Score - How Important Is It for Mortgage Loans?

Posted on 23 Apr 2019
Your Credit Score - How Important Is It for Mortgage Loans?

Your credit score is extremely important when applying for a mortgage.

Put simply, it helps lenders decide if your application should be approved or declined and what terms they can give you.

The higher your... Read more...