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 […]
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.
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 […]
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:
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 […]
Many shop around to get the best deals, but what about when it comes to your mortgage? A mortgage is a massive financial commitment, so it goes without saying that you may be sceptical to change something you’re so familiar with. However, did you know that remortgaging comes with many benefits? And the biggest benefit […]
We’re actively managing the evolving impact of the coronavirus outbreak. During the pandemic, substantial changes are happening across the market, with some changes taking place hourly. We are working our hardest to ensure you have all the relevant information you need.
We hope you find the below information helpful during what is an uncertain time for many. As your advisers, we want you to know we are here to help in any way we can. If you have any questions around either engaging your lender or more broadly around your mortgage, protection policies or the wider […]
The ongoing pandemic is a fast-changing situation, all the information written in this article is correct at the time of publishing. Last week, the government announced homeowners and landlords can apply for a three-month mortgage payment holiday in response to the ongoing coronavirus outbreak. The change was announced in the hope of easing financial stress […]
