With an opportunity to get on the housing ladder in her sights, Louisa contacted Mortgages for Yacht Crew, to see if we could help her with finding a Buy to Let mortgage. As with many first-time buyers, Louisa wasn’t sure how much she could borrow, or what value properties she should look... Read more...
A successful mortgage application often hinges solely on your credit rating. Credit ratings and scoring systems are very subjective with each lender having their own particular criteria for determining this. There are online systems you can use such as Experian & Equifax. Thus it can be... Read more...
When it comes to obtaining your first mortgage, or your 2nd or 3rd it helps to have your ducks in a row. Our short 5 Point guide should help to ensure that your mortgage gets off to a flying start:
- Good Credit rating
- 3 months... Read more...
POWER OF NUMBERS
On paper UK Seafarers look like the ideal mortgage candidate. Impressive income, little in the way of bills, and no tax liability leave plenty of room for a monthly mortgage payment. When examined further under the new rules of affordability, once again... Read more...
The housing market has got off to a positive start in 2018, with the average house price of newly marketed properties, rising by 0.8% (£2,414) to £300,001.Rightmove (which tracks 90% of the UK property market) have seen ‘record’ levels of house-hunting activity and demand for housing... Read more...
There is one certainty of 2018; rates will go up and borrowing is going to become more expensive.
Last Thursday Mark Carney, governor of the Bank Of England announced that earlier and larger interest rate rises throughout 2018 are likely. The aim is to tackle UK inflation, the effect... Read more...
They say that you make you own luck in life, but we all need a helping hand once in a while. At Mortgages For Yacht Crew we recognise how our clients have helped us grow our business by referring friends & colleagues. In recognition of all your help, we would like to extend an offer to you by... Read more...
At Mortgages For Yacht Crew we understand that Seafarers don’t always fit the mould for high street lending. Being paid in foreign currencies, not receiving payslips and having limited outgoings can make most lenders run as fast as they can in the other direction. We recognised this... Read more...
If you ever speak with a Financial Adviser about investing in property they will probably say that it offers good returns, but is terrible in terms of tax planning! They were probably right, until the Chancellor of the Exchequer made sweeping changes to Stamp Duty for first time buyers in last... Read more...
The Bank of England have today raised the UK Interest Rates from 0.25% to 0.5%.
Despite the decision not being a unanimous vote, the bank obviously had a change of heart and reversed August 2016’s rate reduction in an attempt to support the economy following the Brexit vote.
... Read more...