Preparation is key to stress free home buying

A recent industry survey1 showed that 41% of people feel stressed by the mortgage process, taking the fun out of looking for a new home.  Although applying for a mortgage can involve alot  of paperwork, and the new affordability rules introduced by the industry regulator in 2014  mean borrowers face many more detailed questions before … Continue reading “Preparation is key to stress free home buying”

Looking for a mortgage in later life

With people getting on to the property ladder at all stages in life, a growing number are looking for mortgage finance in their 50s and beyond.  This has created demand for greater flexibility, and lenders are now beginning to address the needs of this age group. THE OLDER BORROWER Following the Mortgage Market Review in … Continue reading “Looking for a mortgage in later life”

Are you a mortgage prisoner?

‘Mortgage prisoners’ are having their sentences extended due to Brexit, according to Financial Conduct Authority (FCA) chief executive Andrew Bailey1.  Prior to the referendum the FCA had been ‘making progress’ with the EU over reforming the Mortgage Credit Directive, which had resulted in people being unable to remortgage onto cheaper deals, due to no longer … Continue reading “Are you a mortgage prisoner?”