Get mortgage fit in 2021?
Millions of borrowers are likely to paying the lender’s default standard variable rate (SVR). Is this you? If so, now is the perfect time to consider a remortgage.
ChoiceMortgages UK Ltd Blog
What is business protection?
The importance of business protection is often overlooked. It can help businesses continue to trade if an owner or key person within the business dies or becomes critically ill. The policy could help ensure that key people are replaced, the debt of the business is covered or shares from the deceased partner/director’s estate are purchased. […]
A Christmas Message
2020 has certainly been a challenging year and I would like to thank all our staff who have done an incredible job since March. They have adapted to a variety of working conditions, remaining professional throughout, and have continued to deliver excellent customer service.
How long are lenders taking to process mortgage applications?
Once your mortgage application has been submitted, the lender starts the assessment process. You will need to provide various documents and there may be several conversations and requests before you hear whether the application has been accepted. Your broker will be liaising with the underwriter at every stage and keep you updated of developments when […]
Mortgage Payment Holiday Extension
From 20th November, the FCA has confirmed new guidance for homeowners who are struggling financially due to coronavirus. The mortgage payment holiday scheme, first announced in March and then extended in May, has been further extended until 31 March 2021.
Understanding the Help to Buy Equity Loan Extension
Help to Buy has assisted many buyers to secure a new build home since it was launched in 2013. However, the scheme is due to change significantly. The current scheme will close to new applications on 15th December so buyers hoping to use it are running out of time. Both developers and purchasers who are […]
Should I change my insurance?
Is it insurance or is it personal protection? Honestly, they are one and the same. Both are designed to give you and your family security and peace of mind should the worst happen. With recent events and considering how the world is changing rapidly, it would be no surprise if your personal and financial circumstances […]
How can you maximise your chances of mortgage approval?
With the property market still in the early stages of recovery and lenders criteria changing regularly, it’s worth being pro-active and following some of these tips to maximise your chances of mortgage approval:
What is mental health?
Mental health is everyone’s business. It is the single largest cause of disability in the UK, significantly higher than cancer or heart disease and affecting one in four people every year.
What happens when your mortgage payment holiday ends?
New guidance has been issued to lenders about how they should support borrowers coming to the end of their agreed pause in payments. The Financial Conduct Authority (FCA) has said mortgage borrowers will still receive help from lenders if they continue to face payment difficulties due to coronavirus. The regulator wants to make sure that […]