News

Here, you can discover news articles and/or blog posts that we find relevant to us, and what you may find interesting. Feel free to come back to our site and read the latest entries as we will always seek to update this page regularly.

Barclays chops rates further for first-time buyers

Thursday 31st January 2019
Lana Clements

Barclays has further cut mortgage rates for borrowers with small deposits after reducing deals earlier this month. The lender is to now offer homebuyers with a deposit of only five per cent a two-year fixed rate of 2.86 per cent, as well a five-year fix of 3.35 per cent. Barclays is reducing the rate on its two-year fixed rate with £1,000 cashback to 3.34 per cent at 95% loan to value (LTV). The bank had already reduced rates on the two-year fixes above earlier in January, in a sign of the fierce competition for first-time borrowers among lenders. Housebuilders added to green home mortgages Barclays has also increased the number of housebuilders it partners with on its green home mortgage from five to 13. The…

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First-time buyer mortgage numbers jump as landlord purchases tumble

Thursday 17th January 2019
Lana Clements

The number of first-time buyer mortgages jumped to 36,200 in November, more than five times the number taken by new buy-to-let investors, UK finance data showed. The number of loans given to borrowers taking their first step on the ladder increased 5.8 per cent year on year, making up £6bn of new lending - a 9.1 per cent increase. At the same time, new buy-to-let mortgages dropped nine per cent year on year to 6,100. The deals were worth £0.8bn of lending, down 9.1 per cent. However, there were 15,000 buy-to-let remortgages - an increase of 9.5 per cent year on year - and worth £2.4bn, an increase of 9.1 per cent. There were 36,200 homemover mortgages in the month, an increase of…

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House prices flat as London fares worst and Wales best

Wednesday 16th January 2019
Lana Clements

House prices in Britain increased by 2.8% in the year to November 2018, edging up from 2.7% in October, official data showed. The average UK home is now worth £230,630, according to the Office for National Statistics (ONS). On a monthly basis prices were down by 0.1%. Over the year, Wales experienced the highest value growth of 5.5%, followed by the West Midlands with a 4.6% increase. House prices in London had the biggest fall, dropping by 0.7% annually and 1.2% month-on-month. Jeremy Leaf, north London estate agent, said: "On the ground, we are finding that we are in a price-sensitive, needs-driven market, especially at this time of year, which continues to be underpinned by low mortgage and unemployment rates, improving affordability…

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Mortgage market is opening-up to brokers in unexpected ways

Monday 14th January 2019
Richard Adams - Managing director of Stonebridge Group

There's no doubting this year could be a challenging one but, given your track record, I have no doubts in the ability of the advisory profession to deal with whatever might be thrown at them. Those who have spent any time in this market should be used to the unexpected by now and hopefully have the resilience, nous and entrepreneurial zeal to deal with any potential economic, political and regulatory changes. I think we can all agree that 2019 has the potential to deliver all three with some gusto. The good news however is that the foundations of the market are strong. Last year advisers cemented their position as the number one distribution channel, even in…

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How to get a mortgage with only one year's tax return

Thursday 5th July 2018

Self-employment has risen from 3.3 million to 4.8 million since 2014, fuelled by a mix of the autonomy gained by working for yourself, the appeal of of a high earning potential, and side-gigs turning into full-time job. As a new business owner, you'll already be beaming with excitement, but that feeling can fade if you decide you'd like to buy your own home but realise that it's not as straightforward for entrepreneurs as it is for employees. When purchasing a house, most lenders require two full accounting periods to pass and be reconciled before they are willing to lend to you. So depending on when you actually file your tax return, this could seriously affect your ability to obtain a mortgage…

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Can you really get a buy-to-let mortgage with no minimum income?

Thursday 5th July 2018

Becoming a homeowner is exciting. You can paint the walls whichever colour you like and hammer nails into the wall without the worry of being charged fees by your landlord. After a few years of homeownership, you may even fancy becoming a landlord yourself but the prospect of investing in a second property to rent out when you are on a tight income can seem daunting, and the idea of owning a buy-to-let property with no current income can seem impossible. Luckily for you, Your Mortgage Broker Cardiff can assist you whilst you are on your journey to becoming a landlord. Our buy-to-let service can be specifically tailored to those on lower incomes or those with no income at all. How can…

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