Skipton Building Society’s Track Record Mortgage: A Closer Look
UK Mortgage Lender Introduces an Innovative New Mortgage, Giving Renters the Chance to Break Free from the Rental Trap In a bid to address the growing housing affordability crisis in the UK, Skipton Building Society has launched an innovative new mortgage product called the Track Record Mortgage. Aimed at helping renters break free from the…9th May 2023
Disparity rages between vendors and buyers in the UK property market.
It’s not often that I stick up for them, but Estate Agents are taking the brunt of the blame right now as buyers retreat due to concerns over property prices and mortgage rates. Vendors are still reluctant to move on price, creating a disparity between vendors and buyers in the UK property market. This is…28th April 2023
When should I get an Agreement in Principle?
There are many opinions on when you should get an agreement in principle but hopefully, we can shed some expert advice on the process and when you should apply for an agreement in principle. 1. Start by using an Affordability Calculator When you are starting out with a property search either as a First Time…1st October 2022
How to deal with lenders pulling their mortgage rates.
If you were in the process of applying for a mortgage you might just have been stung by a very rare event. Multiple mortgage lenders pulling their headline rates at once, leaving many buyers having to recalculate their finances. The last time an event like this happened was at the start of lockdown. It is…27th September 2022
Interest rates rise to 1%. Will Interest Rates Keep Rising?
Today the Bank of England increased interest rates to 1%, an interest rate not seen since 5th February 2009. With the energy crunch and Covid shutting down key manufacturing and production facilities in China, we can safely predict that the era of low-interest rates has now officially come to an end, and indeed there is…5th May 2022
Who arranges a Property Survey?
The buyer is responsible for arranging a property survey. If the property purchase is being made with a mortgage, the mortgage lender will require at least a basic mortgage valuation report to be carried out on the property and this will be arranged by your chosen mortgage lender when you submit your full mortgage application.…10th June 2019
Mortgage lenders that understand the NHS We recognise that your job role may require you to switch from one Trust to another, working for multiple hospitals or maybe you choose to work as a locum or part of the bank staff. Fortunately, there are mortgage lenders out there who understand these flexible working…6th December 2018
Offer accepted on a Property – What happens next?
So you’ve had an offer accepted on a property, what happens next? Follow our simple step-by-step guide to ensure that you hit the ground running with your property purchase. 1. Get confirmation in writing The first step is to request confirmation in writing from the estate agent or developer. The document to confirm…25th April 2018
How important is the Memorandum of Sale when buying a property?
The memorandum of sale is an important document, it confirms the point at which a property sale has been agreed by both the buyer and the seller (vendor). The memorandum of sale should be issued by the estate agent as soon as the property offer is formally agreed. Do you need a Memorandum…4th December 2017
How to deal with Property Down Valuations
A property down valuation is never easy to deal with when trying to remortgage or purchase a property. The first step is to lodge a valuation appeal with the mortgage lender. Remortgage Down Valuations Remortgage down valuations happen more often than any other mortgage type in our experience. Often, when remortgaging, owners don’t…17th July 2017