Lenders are failing borrowers in difficulty

It appears lenders are falling short on their duty to offer their borrowers assistance in these uncertain times. Over 75% of borrowers were offered help by their lender when they were struggling with making the monthly mortgage repayments, leaving 25% being refused help. If you are struggling to meet the payments then your first port of call is to the lender. There are a number of options available to you to avoid missing payments such as switching to another deal, moving to interest only instead of repayment and also taking a payment break.

Although the bank of England base rate is not expected to raise in the near future, there is still uncertainty with borrowers as to what they can do. Please get in contact with one of our advisers today to see what options you have available.

House prices at lowest since 2003

With the decrease in property values throughout the country this has led to houses being down to their most affordable since 2003. This does not necessarily mean that people can actually buy the houses given the deposits needed to access the various different mortgages available. The general opinion is that you NEED 25% deposit - well you do if you want the best rates, however the true figure is 10% deposit, and even 5% in some cases. With the government also introducing schemes to assist first time buyers to purchase new build properties there are a number of options available. If you think you cannot afford to buy and are wondering what you need to do, how much you need to earn, what deposit you need, what income is acceptable then please get in touch with an adviser & they will be able to answer all these questions. More information is also available on our website http://www.comparethemortgagemarket.com

90% LTV with no arrangement fee and cashback

On Monday (8th August) Natwest launched a 90% loan to value mortgage with no arrangement fees and £250 cashback. For more information about the rate and deal please get in touch.

July remains a flat month for sales

With so much bad press and general uncertainty people are still unwilling to put their houses on the market and are deciding to stay as they are until something improves. July was a flat month again for sales and new instructions throughout the estate agency industry and the feeling is that it may continue for the next few months.

Buy to Let Investors........

The difficulty new borrowers are having in finding mortgage funding for house purchases has driven up demand for private rental accommodation. It is therefore an ideal time for investors to enter the Buy To Let market which we would gladly assist in finding the finance for these deals.

Amongst the usual 25% deposit requirement there are a few lenders that will allow smaller deposits with as little as 15% although these lenders require more in depth underwriting. If you would like to discuss anything then please do not hesitate to call on 0208 1231337.

Base rate stays at 0.5%

The last change in bank rate was a reduction of from 1.0% to 0.5% on 5 March 2009. The general consensus from the market is that an interest rate rise will not occur until at least 2012. For people with a mortgage at the moment there has not been a better time to overpay and reduce the remaining debt whilst paying these low variable & tracker rates.
There are still a number of highly competitive deals available and will continue to be so for the foreseeable future with regard to the bank base rate. If you would like to discuss any potential new deals then please call us on 0208 1231337 or email on enquiry@comparethemortgagemarket.com

Average house price index slight decrease

The average prices in quarter 2 of this year were down in comparison to last year in all regions except London by about 1.1%. Throughout June the market remained stable and with the low level of mortgage applications made & new borrowers coming forward this is set to remain. This is not bad news though as the economy itself is growing for the better. Employment has been steadily increasing and consumer confidence increased also but that could have been down to the warm weather and extra bank holidays, rather than signalling the arrival of any recovery-related feel good factor. Please check out that latest mortgage deals at http://www.comparethemortgagemarket.com/ or call us on 02081231337.

Average First Time Buyer age set to be 41 by 2025

During the 1980s the average age of people buying their first house was 29 years old. With latest figures showing that by 2025 the average could be up to 41 years old & with mortgage terms generally being over 25 years, the reality of paying your mortgage off prior to retirement looks rather bleak.
In the UK we are seeing the average age for all our ‘life experiences’ increasing such as marriage, children and house purchases. At present we are looking at average marriage figures of 32 years old for men and 30 for women which is set to increase to 35 for men and 34 for women by 2025.
Along with not being ready to settle down, high costs is the most common reason for people holding back on starting these life events. 14 million of us have said that we simply cannot afford to make these life changes at present.
If we look to the first time buyer we see 47% saying they cannot afford to purchase a house on their salary with 46% saying they cannot obtain a big enough deposit. Much of the belief of the potential borrower is clouded by the continuing reports on TV and speculation that mortgages are just not available, and is often not true. If you would like to discuss anything regarding house purchases, remortgaging particularly first time buyers and your options then please get in touch.

please check out www.comparethemortgagemarket.com

House Prices Rise in May by 0.3%

On the three month on three month measure, prices rose by 0.6%. The price of a typical home in May is 1.2% lower than one year ago.

Headlines
Monthly Index Apr : 329
Monthly index May : 330

Monthly Change Apr. : -0.2%
Monthly Change May : 0.3%

Annual Change Apr : -1.3%.
Annual change May : -1.2%

Average Price Apr : £165,609
Average Price May : £167,208

This price increase by 0.3% in May, only just offsets the 0.2% fall recorded the previous month, and leaves prices 1.2% below the level prevailing in May 2010.

Overall, the modest pace of house price growth in May suggests that the property market is continuing to mirror the lacklustre trends evident in the wider economy.

Is it time to Remortgage?

With all these extra little things chipping away at your monthly income a remortgage could very well be the one thing that will keep your finances in order. As a little bit is added here and there to your expenses, it finally reaches a point where your income can no longer handle rising costs. Analysts have forecasted an interest increase to occur several times this year. Although this may not happen until towards the end of the year depending on who you speak to or which paper you read.
Few homeowners are considering that along with the interest rate increase that is coming there will be other increases as well. Inflation is growing and some of the things having an impact on inflation are not likely to go away anytime soon. The loss of crops due to natural tragedies and weather last year caused many of the increases in food, such as wheat and corn. Cotton also has seen a major price increase. Recently with the unrest in the Middle East oil prices have been increasing. Japan’s earthquake and tsunami will impact global demands as well on food and energy.
Recent research by the Centre for Economics and Business Research determined that disposable income had declined by £910 per household for 2011. To avoid even more of a squeeze on the household budget a remortgage should be considered before the first interest rate increase. Once the increase occurs the remortgage deals available now will disappear. Depending on the rate that replaces the current 0.5 per cent the loss in savings could be tremendous. Getting a remortgage would assure that your income goes toward necessary expenses versus an interest rate increase. It could also make your mortgage a steady level payment that will be easier to plan for and more affordable in the long run.

To see if you can save money on a remortgage contact us on 0208 123 1337 or finance@comparethemortgagemarket.com or check out our website at http://www.comparethemortgagemarket.com

Positivity in the first time buyer sector

Research from e.surv showed properties under £125,000 accounted for 27% of all mortgage approvals in April compared to only 20% in April 2010 and a twelve month average of 23.8%. A year ago wealthier buyers represented a disproportionate share of the market. That has now begun to correct. In April 79% of all approvals were for homes under £250,000 – typical first-time buyer property. This is up from 71% in April 2010.

Lenders are beginning to loosen their criteria, which has helped more first-time buyers qualify for higher LTVs. More high LTV mortgages are being offered, with the proportion of mortgage approvals in the high LTV brackets rising significantly compared to October 2010. Purchase volumes increased in the 85% to 90% LTV bracket at almost three times the pace of the rest of the market. Loan-to-values were up across the market, reaching a three year high of 61% in April. But LTVs are increasing fastest at the lowest end of the market, aiding first-time buyers.

Total mortgage approvals rose 1.8% in April, up from 47,577 in March to 48,435. This is the fourth consecutive month of growth as the market continues its slow crawl back to health after a sluggish Christmas period. The annual decline slowed from 2.9% in March to 2.5% in April.

So all in all the market is steadily improving and the outlook is looking a little brighter than it has been for a while. Lenders are becoming more eager to actually lend money & new mortgage products are being made available with looser lending criteria.

Buy to Let Update

The recovery in the buy-to-let mortgage market stalled during the first three months of the year, ending three consecutive quarters of lending growth. A total of £2.9 billion was advanced to investors during the first quarter, 3.5% less than during the previous three months, according to the Council of Mortgage Lenders. The group said the fall echoed the 11% drop in lending in the wider mortgage market during the same period, as funding remained tight. The news will disappoint landlords, who have been struggling to extend their portfolios to meet growing demand for rental accommodation, which is quite buoyant at the moment.
Although the number of buy-to-let mortgages available has reached a two-and-a-half year high as lenders returned to the market, but figures suggest the rise in choice is not being matched by an increase in the amount being advanced. A few lenders have also failed to loosen their criteria and still ask for full disclosure even though buy to let mortgages are still unregulated. There is light at the end of the tunnel with one particular lender now offering 85% LTV which has not been seen with this type of lending for a number of years. If you would like more information on buy to let products then please call us on 0208 123 1337, or email us on enquiry@comparethemortgagemarket.com

Unemployment Protection

With unemployment continuing to climb and the recent budget offering little in the way of relief for those already living on a shoestring, it’s important that you are adequately protected in case the worst happens. Paymentshield’s IncomeShield product allows you retain control of your financial commitments if you are unable to work due to unemployment, accident or sickness. It isn’t tied to a mortgage, loan or other credit agreement and provides protection for ANY of the policyholder's financial outgoings for 12 or 24 months.
Alternatively, if you are simply looking to protect your home, Paymentshield’s MortgageProtector MPPI product for new and remortgage borrowers now offers the option of unemployment cover as well as accident and sickness cover. Not only does MortgageProtector offer a full range of cover options, Paymentshield have also recently reduced their MPPI new business prices by 17%!
If you would like a quote or more information then please call 0208 123 1337 or email enquiry@comparethemortgagemarket.com

House prices fall by 0.2% in April

The price of a typical house fell by 0.2% in April, which left prices 1.3% lower than the same period of 2010. The three month on three month measure of house prices, a better measure of the underlying trend, showed a modest rise of 0.6%.

Since November 2010 house prices have increased in three months and fallen in three months. However, it is not unusual to see a pattern of modest monthly increases and decreases when the market is fairly static, as has been the case since last summer.

There is still little evidence to suggest that price declines will accelerate in the months ahead. While the UK economy only managed a modest bounce-back at the start of the year, after the weather-induced contraction in late 2010, the economic recovery is expected to gather momentum.

What is Available to The First Time Buyer?

What mortgages are available to first time buyers?

Theoretically, first time buyers can apply for any residential mortgage. However, whether you will qualify will depend largely on the size of your deposit and your credit score.

Are there specific mortgages for first time buyers?

There are still a few deals around aimed specifically at the first time buyer market, but nothing like the number that were available a few years ago.

Before the onset of the credit crunch a number of lenders offered mortgages aimed at helping those seeking to get a foothold on the housing ladder. You could get a mortgage with no deposit - there were even products which allowed you to borrow more than the property's value.

The financial crisis and downturn in the housing market has put pay to all that though.

How can I get a mortgage?

The key thing is to save a deposit. In the current market you will really need at least 10% to put down in order to qualify for a mortgage (there are a handful of deals available with a 5% deposit but the rates aren't competitive).

If possible, aim to save a deposit of at least 25% - that will give you access to a much wider choice of mortgages, and lower rates of interest.

How much can I borrow?

Traditionally, the amount a lender was willing to lend was based on salary multiples. Many now use more complex affordability models where they evaluate all your incomings and outgoings to work out how much you can realistically afford to borrow.

They have also become more conservative in the amount they will lend as a result of the economic downturn as many leant irresponsibly in the pre-credit crunch years and are now paying the price because many of those they leant to have been unable to keep up with repayments.

Generally speaking, as long as you have a good credit history, you should be able to borrow around four times your salary - perhaps a little more, but it will all depend on your existing borrowing commitments.

It is therefore worth seeking guidance as to what size of mortgage you will realistically be able to get before you start house hunting - the last thing you want is to miss out on a property you fall in love with because you can't borrow enough, and that's where we come in.

Coventry Building Society Introduce Market Leading Rates

The loans include new fixed, capped tracker and Flexx for Term products.

Highlights include:

Residential Mortgages

2.99% Flexx for Term with a 1.00% discount until 30.06.13, 60% loan to value with no ERC's.

4.35% Fixed until 30.06.13, 80% loan to value, no arrangement fee.

+ 1.99% BBR Tracker Capped at 4.39% until 30.06.13, 60% loan to value.

Offset Mortgages

+1.79% BBR Tracker until 30.06.13, 65% loan to value

+1.99% BBR Tracker until 30.06.13, 75% loan to value

+2.09% BBR Tracker until 30.06.13, 65% loan to value, with no arrangement fee

+2.39% BBR Tracker until 30.06.13, 75% loan to value, with no arrangement fee

Buy-to-let Mortgages

4.75% Flexx Fixed until 30.06.13, 65% loan to value, with no ERC's and no arrangement fee.

4.25% Flexx for Term, 65% loan to value, with no ERC's and no arrangement fee.

Royal wedding may spur feel-good sale

The least obvious effect of the royal wedding is that its likely to positively impact the economy - and perhaps even the housing market - if past experience is anything to go by. In the property sector, the feel-good factor is a real variable. When England does well in the World Cup, it becomes more difficult to arrange appointments to access homes as people presumably huddle ever closer to the television. We then tend to see a lift in sales and mortgage applications soon after, which it seems can be attributed to a generally more optimistic viewpoint pervading the population. It’s completely illogical, of course, but it is a fascinating insight into the part that emotion plays in the workings of the market. Something like just 10% of housing transactions are necessary due to work relocation or other external factors, so 90% of the purchases are discretional - we don’t need to move, but we decide we’d like to. We shall wait and see what happens in the coming weeks!

Buy to Let Explained

Buy to Let has very much been the favoured type of investment over the last few years, but is can be difficult for newcomers to get basic questions answered about how to get started, how you can buy your first property and what the rules and restrictions are. This first buy to let blog is designed to provide answers to these and other points.
The first thing to understand is that buy to let property can be purchased relatively simply and with little regard to your personal income, unlike a normal residential mortgage for your home. It is more concerned with the quality of the investment property itself and whether it is likely to provide enough income to pay the interest or repayments on the loan.
When you are looking at an investment property for the first time it is important to consider the level of rental income you expect to receive compared to the cost of the mortgage per month. Historically, lenders have expected the rental to be 125% more than the monthly mortgage cost. Unfortunately, after management costs and any void months when you cannot find a tenant, you could run a loss on these types of loans so if you are keen on easily covering the mortgage then the secret is to hunt out property that has the highest rental income compared to the price of the property.
Banks normally need a minimum deposit of 25% on a buy to let property to be put down but if the interest cover requirements are not met then you will have to put in a bigger deposit to reduce the size of the mortgage and hence fit the interest cover. You can obtain buy to let mortgage quotes very easily from many specialist mortgage brokers & here at Richards and Jones we consider ourselves quite knowledgeable on this type of mortgage. There are many mortgage products in the market today but some have large application fees that offset the apparently cheap interest rates and others have long tie-ins so be careful when choosing one. These are a couple of the reasons why you are best to seek advice from an adviser who can show you all the different deals available to you. Please go to www.comparethemortgagemarket.com for more information.
The sort of costs you should be aware of when working out if a property will be profitable are things like management charges from the letting agent (10-15% of the rent per month), property insurance (£250 per year for a flat for example), rental voids (perhaps assume one month a year will have no tenant), safety checks (£100 plus a year) and of course furnishing the property in the first place. Also watch out for service charges in blocks of flats taking as much as one months rent or so a year.
When you have worked out your figures do not be surprised to see that it is quite hard to locate property that does not make a cash profit on the rent coming in each month. After the boom of the last few years it is often only run down terraced houses and the like that bring in high yields (the percentage of the property price represented by the annual rental income) and those types of properties can bring their own problems in exchange for the higher income.
So why do people still purchase buy to let property if it doesn’t make them a profit each year? Well there are two types of profit with property, firstly the rental income left after costs and mortgage payments, and secondly the possible capital gains if the property price goes up. If you believe that house prices will go up over the long term then you can see the potential to make money regardless of short term dips. This long term view is what most investors now take and they are quite happy to buy property that is initially break-even but with the prospect of capital gains and rent rises.
Even if the rent does not make you a profit to begin with it is important to know that the level of demand for buy to let property from many sources such as population growth through new children, immigration and an increasing divorce rate is leading to rents rising at around 10% per year according to one of the biggest buy to let lenders. This means a rent of £700 a month could be £770 next year and £847 the year after if the growth continued at that rate. If you were just breaking even in the first year that would mean a £1764 profit on the rent in the third year, if all other factors remained equal.
Hopefully this has given those of you who have not yet started with buy-to let an insight into how and why people are still buying, and putting their faith in bricks and mortar providing some of their income in retirement. Call 0208 1231337 for more assistance.

First Time Buyers

With property prices on the slide again, now could be a good chance for first-time buyers to step onto the property ladder. Given low interest rates, it is also cheaper in many cases to buy rather than rent a comparable property.
A third of properties currently for sale have had their prices discounted by an average 6.1 per cent, according to property search website Zoopla.co.uk, and current price levels are expected to fall a little further this year. So, the discounts are out there and there are deals to be done. There is currently no stamp duty for first-time buyers to pay on properties costing less than £250,000. And as someone just stepping on the property ladder, you have one great advantage: you have nothing to sell, which makes you a very attractive proposition to vendors.
So what is stopping first time buyers - The deposit. The average first-time buyer needs to find a 25 per cent deposit, according to the Council of Mortgage Lenders. But saying that there are a number of 90% mortgages available meaning you only need to provide a 10% deposit, but that still could pose a problem to a number of people. For many would-be buyers, that means turning to the bank of mum and dad. Your parents might also agree to act as guarantors, which means they agree to pay your mortgage if you default on the payment. This will enable you to get a bigger mortgage than you would have managed on your own, but you should take legal advice before signing up for this option.
But if parental support is not an option, there is not many more options to you except looking at government schemes or builder schemes which we will talk about in later blogs. If you prefer new-build, you could look at the incentives some developers are offering first-time buyers. Some developers allow buyers to pay a five percent deposit on some of their schemes by lending a further 15 per cent as an equity share loan that is interest-free.
There is a greater choice of mortgage deals available to first-time buyers with a 10 per cent deposit than there was a year ago, but the best rates are still available to those with 25 per cent to put down. If you have just 10 per cent, you will pay a premium of around two percentage points on the rate and will face a tougher credit scoring.
When calculating how much you can afford to spend each month on a mortgage, it is important to factor in what happens if interest rates rise by 1 per cent, 3 per cent or even 5 per cent. Would you still be able to cover your mortgage repayments each month? Your budget should also cover a solicitor's, surveyor's and possible lender's or financial advisor's fees. All of these will be covered in later blogs. Though using an adviser from Richards and Jones will not cost you anything at all!
Think too, about the financial implications of buying an old or a new property. An older house offers the potential to renovate and add value – but that work could mean a sizeable outlay at the start. Homebuyers spend an average £7,700 on their home in the first year after purchase, but nearly a quarter of them do not budget for these expenses.

For more information:

0208 1231337

http://www.comparethemortgagemarket.com

enquiry@comparethemortgagemarket.com

The House Buying Process

The key steps in the mortgage application process

If you understand the application process you can be ready with everything the lender needs.

Find a Mortgage Adviser

http://www.comparethemortgagemarket.com

Its always beneficial to use an adviser instead of relying on your own bank to find you the best mortgage deal available. If you rely on your own bank then they will only advise on their own mortgages which will probablly be very limited. An adviser will have access to the whole of the market meaning access to hundreds of different lenders and thousands of different deals. You also have to consider that your bank will have a set criteria, or rules, that they will have to follow in order to lend. If you dont fit their criteria, you dont get the money! Different lenders have different criteria, which the adviser will know and be able to assist you with. Call 0208 1231337 or email enquiry@comparethemortgagemarket.com for more information.

Agreement in principle

Once you've found an adviser and have the idea of which sort of property you would like you may want to obtain an agreement in principal to show your affordability for a mortgage. A lender or mortgage adviser may offer to give you an 'approval', 'agreement in principle', 'decision inprincipal' or a 'mortgage promise' (these are all exactly the same). This sets out what the provider will be willing to lend you based on certain terms and conditions. This can be helpful when you are ready to make an offer on a property. The result of this is determined by some basic information such as name, address, date of birth, employment details, credit and credit history. If you are unsure of your credit history then you can always check online with EQUIFAX or EXPERIAN who are both the UK's credit agencies and can provide you with a detailed credit report.

Choose a solicitor or licensed conveyancer

You'll need someone to carry out the legal side of things - local searches, drawing up contracts and other legal paperwork. You could use a conveyancing solicitor or a licensed conveyancer. Some lenders have preferred solicitors, or you may be able to get a personal recommendation. At Compare the Mortgage Market we have links with a panel of solicitors and can provide independent quotes whether you use our mortgage services, buy a house from us, or not!

Make a full mortgage application

When you've decided to buy a property and had the offer accepted you will need to progress the approval in principal to a full mortgage application. They will also want to see evidence of your income, your identity, your current address and (where relevant) a previous lender or landlord's reference. They may also want a non-refundable fee to cover their costs and perhaps to pay for a valuation.
If you can't prove you've got a regular income (maybe because you're self-employed and don't have enough proof) you may be able to obtain an accountants certificate or SA302 self assessment tax return forms. Again, the adviser can help you choose which lender to use for the various proofs of income you ay be able to provide.

Property valuation

Your lender will usually have the property valued to make sure it's worth the price you've agreed to pay. If it's not, it could affect how much they'll lend you. It's advisable to get your own survey done too or to upgrade the lender's valuation survey to a more detailed one.

The mortgage offer

If the lender is happy with the valuation and supporting evidence that we submit on your behalf, you'll be made a formal offer - usually sent to you and your solicitor and ourselves. Once you (or your solicitor on your behalf) have signed and returned the offer documents, your lender is committed to providing the money. The mortgage offer usually requires you to take out buildings insurance, in case something happens to the property before you've paid off the mortgage.

Choose related insurances

Many advisers will try and sell all of the insurances as a package and also try and sell them as a condition of either the mortgage, or the mortgage advice. The minimum insurance that you are required to take out with a mortgage is Buildings insurance. The other insurances available are always recommended if you are in a position to afford adviseRs advise you have buildings and contents insurance, some form of life insurance and payment protection insurance to cover your mortgage. We provide quotes for all of these when we arrange your mortgage. We can also quote on these should you arrange your own mortgage or use another broker or adviser.

Exchange and completion

If you're buying, once you've got a formal mortgage offer, your solicitor can agree a date for exchanging contracts with the seller's solicitor. At this time you usually pay a percentage of the purchase price as a non-refundable deposit and commit to paying the rest on the agreed completion date (when the property becomes yours). Formal contracts are generally exchanged and then completion is set for the following week. This is not set in stone and exchange and completion can be carried out on the same day.

Call our office today for an informal chat on 0208 1231337

Considering Buying a House?

Buying your new home can be a very exciting time for you and your family.It is important that you enjoy this process and consider all of your requirements. Some people are fortunate enough to be able to buy their new home without the need for a mortgage, unfortunately though, most of us need some mortgage support.

My experience over many years has shown me that a buyer approaching an estate agent with formal mortgage approval is generally more likely to have a realistic offer accepted by a vendor. You need to place yourself in the estate agents shoes and understand that they will want to qualify you and your finances before being confident in your proposed offer to buy. They have an obligation to the vendor to ensure that you are “good for the money”. Although gaining formal approval on your mortgage before visiting the estate agents is not entirely essential as in reality a mortgage approval can be obtained very easily and very quickly too, especially when using an adviser from Richards and Jones estate agents. If you did go ahead and try to obtain an approval without getting whole of market mortgage advice it will be very unlikely that you have found the best deal available. You may also get a decline from the lender you have chosen yourself due to not fitting their criteria. Our independent adviser will be able to provide you with free impartial advice whether you buy a property from us or not.

Our next blog will guide you through the process itself.

For more information please check out our website at www.comparethemortgagemarket.com or give us a cake at the office on 0208 1231337

Is it time to Remortgage?

Over the last year or two many borrowers have been fortunate enough to take advantage of their lenders very low Standard Variable Rate (SVR) after coming to the end of a particular mortgage deal. Recently the remortgage market has become more competitive with lenders trying to entice borrowers to switch to them and take advantage of lower interest rates.

Remortgaging should certainly now be a consideration for mortgage holders. Lenders are making this switch more attractive by offering to pay valuation and Solicitor fees on your behalf. Currently rates are staring from 1.99% therefore providing excellent value. It would be a worthwhile exercise to consider your current mortgage position and discuss your options in more detail and review the whole mortgage market. Fixed rate remortgages should now be considered as long as you are free of any early repayment charges with your current lender.Fixed rate remortgage products currently start from 2.89% offering monthly financial stability. It is true to say that I have not seen fixed rates as low as this before and I don’t expect them to be available at this level for too long.

Make your decision based upon full advice relating to your own circumstances by calling an adviser on 0208 1231337

Compare the Mortgage Market

Compare the Mortgage Market provides expert independent mortgage advice for everyone from first timers and remortgagers, homemovers, to buy to let landlords.
Our ability to access the whole market, to explain the fine details and the pros and cons of each product makes your life easy. Our contacts and experience will help you from initial mortgage advice and throughout the whole process.

Outstanding Advice - Why use one of our advisers

Whole of Market

As an independent mortgage adviser, we have access to the whole of the mortgage market. That means we are able to find the very best mortgage for you from all of those available. We know which lenders to go to that will allow higher income multiples for example, those that specialise in self employed, those that take tax benefits and credits into account and so on.

Knowledge

With years of experience in providing mortgage advice we have built up an extensive knowledge of the ever changing mortgage market. Not only do we use this knowledge when we see our clients, but we also use it well before we even get in front of them.

Professional Advisers

Working under our network, Intrinsic, we are assessed all the time to make sure we are offering clients the best products available and are keeping well within the FSA guiudlines. Our independent mortgage advisers are trained to very high standard and pride themselves on the satisfaction they receive from their clients. Our client satisfaction quiestionnaire results will soon be posted monthly to show our progress.

A mortgage for life

When you arrange finance or insurance through us it is not just about that one time transaction & we like to think that you want to continue the business relationship throughout the full term of your mortgage. We make the commitment to you to find the best deal every time it comes to change your mortgage or review your insurance. We contact clients on a regular basis through text, email or letter reviewing your current situation and advising on any new products available or if there are ways to reduce your existing commitments.

http://www.comparethemortgagemarket.com

Bank Holiday

In the next few weeks we are spoilt for holiday time, with this Easter break, two May bank holidays and the Royal Wedding - many people are planning to escape the UK. But if you want to make the most of your money then you need to think about how you will spend it in advance. Perhaps with all the holiday opportunity you may be looking for a little extra cash to fund these. Secured lending is generally cheaper than unsecured lending, so having an extra £10k on your mortgage could cost you between 3%-5% interest rate (depending on your circumstances) instead of 10%+ on a personal loan or around the 20% mark on a credit card. This may fall in line with remortgaging your home if you have moved to the banks variable rate and are looking to fix your rate again. Please call or email on 0208 1231337 or enquiry@comparethemortgagemarket.com for a free informal chat.
On the Other hand.........
THE sun is shining, we are all enjoying our easter break and it's also the traditional boom time for house-hunting and house-buying and the headline news is that gross mortgage lending was up 21 per cent in March. So, why not have a look at RIGHTMOVE and see what houses are available to you and let the team at Compare the Mortgage Market find the right deal. For a list of deals available today please log on to http://www.comparethemortgagemarket.com

Welcome to Compare the Mortgage Market

I would like to welcome you to our business on behalf of the whole team and hope you may find our many blogs help you in some way or another. This blog will mainly focus on the financial side of the business giving you the latest mortgage rates available, types of mortgages, insurances and such like.

You can rest assure that your home move will be safe in our hands of Compare the Mortgage Market. With many years of experience in the housing industry we are able to assist you throughout the whole process.

If you would like to know any more about what we can offer you then please call the office on 0208 1231337. Areas you may wish to enquire about:

Property appraisals

Mortgage advice

Insurance advice

Conveyancing quotes

0208 1231337

email - enquiry@comparethemortgagemarket.com

www.comparethemortgagemarket.com