Do you have defaults or CCJ’s

This is a interesting article that I don't agree with. https://www.financialreporter.co.uk/blogs/its-time-to-battle-ccj-fake-news.html Make no mistake if you have a CCJ or a default it will be difficult to get a mortgage. A knowledgeable broker is your best hope in a successful home purchase if you have credit challenges. read more

Housing market is flat

According to the Bank of England mortgage approvals have taken a dip in November. Read it here https://www.mortgagesolutions.co.uk/news/2019/01/04/boe-figures-show-mortgage-lending-market-flat-at-best/?utm_source=customsell&utm_medium=email&utm_campaign=ms-house-advert-0401-first-send-1546600279 read more

FCA confused about major changes in mortgage market

This is a good article stating how the FCA attempts to fix the mortgage market with technology is not the complete answer https://www.mortgagesolutions.co.uk/news/2018/12/14/fca-wants-to-change-mortgage-advice-rules-sinclair/?utm_source=customsell&utm_medium=email&utm_campaign=ms-house-advert-1412-first-send-1544780172 read more

Bank demanding you payoff your interest only mortgage?

I always wondered what would happen to all those endowment mortgages were customers cashed in their policies with cash rewards and didn't apply them to the loan? Now we have an answer. https://www.telegraph.co.uk/personal-banking/mortgages/banks-turn-equity-release-providers-bail-problem-interest-only/ read more

Is it hard to get a mortgage from a bank?

Planning to buy a home, or switch your existing mortgage? Prepare to answer a litany of questions, spend hours at the bank and endure forensic analysis of your daily spending habits. Even after jumping through all those hoops, success is not guaranteed, as there are now strict affordability rules that force lenders to ensure borrowers will be able to afford to pay their mortgage in the future. The main bulk of the current rules surrounding lending came into force in 2014 through the Mortgage Market Review, which read more

State loans for First time Buyers

This article goes on to say that the government should provide state loans so young people do not need to rent. https://www.theguardian.com/society/2018/jul/29/housing-renting-mortgages-loans-home-ownership-first-time-buyers?CMP=fb_gu The purposely seems to run in the same manor as student loans. I am not sure if this is a good idea. Where is the government getting the money? read more

FCA preparing for risk of NO-DEAL BREXIT

This article (please read) states that it will be business as usual for all financial intuition to conduct transaction if we have a hard line approach with leaving the EU. http://www.financialreporter.co.uk/finance-news/fca-preparing-for-cliff-edge-risks-of-no-deal-brexit.html read more