Call Us Now
08
NOV
2016

Second charge lending defies Brexit fears with 6% rise

The second charge market “has taken post-Brexit uncertainty in its stride”, with new business volumes in the traditionally quieter August matching July and 6% higher than the same time last year, according to Enterprise Finance research. Its report shows that in July,...
03
NOV
2016

Annual house price growth slows to 4.6%: Nationwide

After fifteen successive monthly increases, UK house prices were unchanged in October, according to the latest Nationwide house price index. As a result, the annual rate of house price growth slowed to 4.6%, from 5.3% in September. Robert Gardner, Nationwide’s Chief...
02
NOV
2016

NIESR: inflation to hit 4% in 2017

The National Institute of Economic and Social Research expects CPI inflation to “accelerate rapidly” to reach 4% in late 2017 and remain above the Bank of England’s 2% target until 2020. The revised figure is higher than the 3% forecast in August due to...
01
NOV
2016

The new-builds catching house buyers in a leasehold property trap

When Clare Budgen bought her first house in Ellesmere Port in 2009 for £155,000 the last thing on her mind was the lease. Taylor Wimpey, the developer, arranged the lease on a 999-year basis, so what could the then 22-year-old possibly have had to worry about? But just seven...
28
OCT
2016

A third of contractors fear they are a mortgage lending ‘risk’

22% of contractors and self-employed workers believe the way they earn their income has made it more difficult for them to get a mortgage compared to when they were in full-time employment, Accord research reveals. Nearly a third (29%) of contractors believe that financial...
28
OCT
2016

Best-buy Mortgages – 28 October 2016

See our current best-buy fixed-rate, tracker-rate, buy-to-let and re-mortgages. Contact me for a personalised illustration.
19
OCT
2016

Mortgage costs fall by up to 5% in Q3

Most mainstream mortgage products have seen further cost reductions in the past three months, according to Mortgage Brain analysis. With a current rate of 1.89% (as of 1st October 2016), the cost of a three year fixed mortgage with a 60% LTV is now 5% cheaper than it was at the...
18
OCT
2016

Guiding landlords through the tax relief changes

TMW has developed a handy new guide to the tax relief changes for landlords for you to consider. The new guide can help you understand if you’ll be impacted by the changes being phased in from 6 April 2017. Also see the calculator we published on 21 September – click...
18
OCT
2016

Lifetime mortgage rates at record low post-Brexit

Lifetime mortgage rates have dropped to new record lows following reductions in government bond yields in the aftermath of the Brexit vote, according to Legal & General. Legal & General’s Flexible Lifetime Mortgage product now offers an interest rate of 3.71% fixed for...
14
OCT
2016

Mortgage Best Buys

To see our weekly update of best-buy mortgages, click here…
13
OCT
2016

Home buyers ‘back after Brexit jitters’

Demand among home buyers has seen a modest recovery following “post-referendum jitters”, according to surveyors. Buyer demand rose for the first time in seven months in September, the Royal Institution of Chartered Surveyors (Rics) said. It had dived in June and July...
13
OCT
2016

August sees promising mortgage lending: CML

According to figures released by the Council of Mortgage Lenders this morning, homeowners borrowed £12.2bn in August – up 11% year-on-year. This came to 66,000 loans in total, up 13% compared to July and 9% compared to August 2015. The average amount borrowed by home movers...
12
OCT
2016

Childcare conundrum for mortgage applicants

Mortgage seekers are asking family and friends to look after their children to reduce their outgoings while applying for a loan, a survey has suggested. Childcare is among the costs considered by mortgage providers when deciding whether an applicant should be given a home loan....
10
OCT
2016

Age gap among first-time buyers sets in, the Halifax says

A gap between the average age of first-time buyers in different parts of the UK has set in despite property price growth slowing, a lender has said. The Halifax said that UK property prices rose by 5.8% in September compared with a year ago. This offers some cheer to first-timers...
09
OCT
2016

Interest-only borrowers face £6.1bn repayment shortfall

27% of all interest-only mortgage holders may not be able to pay back their mortgage, with the expected average unsettled debt estimated to be £21,000, according to research from OneFamily. More than a million interest-only mortgages will mature over the next 10 years, meaning...
07
OCT
2016

House price growth plateaus: Halifax

House price growth has cooled, according to the latest Halifax House Price Index. House prices in the three months to September were 0.1% lower than in the previous three months (April-June). This compared with a 0.7% rise in August and is the lowest quarterly rate since November...
21
SEP
2016

Buy to Let Tax Change Calculator

Tax relief changes for landlords are being phased in from April next year and could impact landlords’ profits. There’s an easy way to understand if you are affected – by using TMW’s simple calculator. Click the image to download tax relief calculator.
11
SEP
2016

BTL Landlords’ Confidence Stabilising

TMW has issued its Buy-to-Let Barometer for Q2 2016, which reveals that landlords’ confidence appears to be stabilising. It also indicates that: 43% see the Brexit vote as negative for the private rental sector. 61% believe that last year’s Budget will decrease their...
11
MAY
2016

Interest-only crisis drives lump sum equity release sales

Imminent interest-only mortgage due dates have driven a surge in sales of lump sum equity release plans, according to Key Retirement data. 40% of customers are now taking a single lump sum advance to reduce their debts, up from 30% from Q1 2015. Key believes the surge in sales...
09
MAY
2016

Nationwide raises home loan age limit to 85 years

Nationwide is raising its age limit for people paying off mortgages by 10 years to 85, in the latest sign of the impact of rising house prices on buyers. The building society said the increase was due to “growing demand”, and the limit would be in force from July. It...
  • YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
    Whilst MortgageAbility does not charge for mortgage advice, please note that there will be an administration fee for arranging mortgages. The precise amount will depend upon your circumstances but we estimate it will be £395, payable on completion. MortgageAbility gives you the option to pay a non-refundable fee of 1% of the mortgage loan payable with the application. If this option is taken, MortgageAbility will refund any commission received from the lender.