There are many things to consider when buying a house and these things differ depending on what is most important to the buyer. Location, size, the number of bedrooms, the size of the garden, new or old? Many will choose to buy new and justifiably so.
The results from Shawbrook’s mid-year Broker Barometer are in!
While nobody can predict the exact course of the pandemic and its future impacts, there is reason to remain hopeful, and even excited, for the future of the buy-to-let market.
Did you know that the rental sector is the second largest tenure in the UK and accounts for around 4.5 million households in England alone? Of those, about 497,000 were classified as “HMOs” in 2018, and the number continues trending upwards.
Birmingham and London-based Offa, the UK’s first Shariah-compliant bridging finance provider, has just joined the Connect Mortgages panel.
This year has been a time of unparalleled difficulty for many. After the loneliness and disruption of lockdown restrictions, the economic shockwaves are beginning to ripple around the country. In August, the country formally entered its first recession in 11 years, and with redundancies looking to rise as the furlough scheme winds down, it’s hardly surprising that some brokers are beginning to get anxious about what the future holds.
The Bank of Mum and Dad will be a driving force behind the recovery of Britain’s housing market as buyers struggle with the economic impact of the COVID-19 crisis, new research from Legal & General and Cebr shows. Nearly one in four housing transactions (23%) will be backed by ‘BoMaD’ in 2020, with a quarter (24%) of borrowers now more reliant on financial support from family and friends.
With fixed-rate periods coming to an end, around three in 10 landlords say they intend to remortgage in the next 12 months. Precise Mortgages understands landlords’ needs and has a range of Buy to Let Mortgages available to make it as easy as possible to remortgage to a more favourable product.
How offset mortgages can enable clients to take control of their mortgage and make their savings work harder, by using them to reduce their outstanding debt. An offset mortgage puts your client in control of their homeloan. It links their savings account to their mortgage account. This enables them to effectively overpay their mortgage without losing access to their money. By doing so, they can either reduce their ongoing monthly repayments or cut their mortgage term…
Volumes dropped slightly in July 2021 as minds turned from stamp duty holidays to summer holidays and the Euros. The market also appears ready to go again in September – with new products, improved rates and innovation flooding into the market.
Commission disclosure: We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.
Making a Complaint: It is our intention to provide you with a high level of customer service at all times. If there is an occasion when we do not meet these standards and you wish to register a complaint, please write to: Compliance Department; Connect IFA Ltd, 39 Station Lane, Hornchurch, RM12 6JL or call: 01708 676110. If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service www.financial-ombudsman.org.uk