Mortgage Squared Ltd is proud to announce that we have received the Armed Forces Covenant Employer Recognition Scheme Bronze Award. We recognise the value Serving Personnel, both Regular and Reservists, Veterans and military families contribute to our business and our country.
We have a very exciting announcement, we won Small Business Sunday #SBS!! We are overwhelmed with the comments and lovely feedback we’ve had, on our Twitter account @MortgageSquared thank you so much.
If you’re not sure what I’m talking about, I’ll explain…
Theo Paphitis is one of the former dragons from TV show Dragons Den, and he created Small Business Sunday, shortened to hashtag #SBS on Twitter, in 2010.
Next month we will be going along to Theo’s SBS winners’ event in Birmingham to meet the high profile businessman. The event is held yearly for the 0.68% of applicants who win the accolade.
You can now find Mortgage squared listed on the winner’s directory
The savings available to mortgage holders by remortgaging have reached their highest level in eleven years, according to analysis.
Homeowners could save over £3,000 a year by securing a brand new fixed rate mortgage deal instead of staying on their current lender’s standard variable rate (SVR), as explained in the most recent Moneyfacts UK Mortgage Trends Report.
Your mortgage is likely to be the biggest expense you will face in life, but what happens if you can no longer pay it? Here are the types of insurance that can help you pay your mortgage.
What do you need?
There are four types of insurance you should consider when taking out a mortgage:
- Buildings insurance: To cover the rebuild costs if something happens to your home.
- Critical illness cover: To help cover the cost of paying off your mortgage if you get diagnosed with a life changing condition.
- Income protection: To help cover your mortgage payments each month if you are unable to work due to an accident, sickness or redundancy.
When you apply for a mortgage, one of the first things lenders will want to check is how you have managed any borrowing in the past, they do this by looking at your credit score.
Your score is essentially a number that represents your credit history. When calculating this score, many factors are considered, including whether you make monthly payments on time, how much of your available credit you are using, and what your total debts are.
The higher your credit score, the lower risk you are considered to be by lenders, which means any mortgage application you make is more likely to be accepted. Conversely, the lower your score the higher the risk lenders will consider you, which means they may be wary about offering you a mortgage.
Is your credit score lower than you expected? The good news is that there are plenty of things you can do to improve it and boost your chances of having your mortgage application accepted. Here are our top tips.
The UK mortgage market is expanding it’s offering for contractor workers, making it potentially easier for those in the demographic to get property finance. Here, we look at the definition of a contract worker, income assessment, how much contractors can borrow and what specialist advice is available.
WHAT IS A CONTRACTOR MORTGAGE?
A contractor mortgage is a loan against a property for a professional who operates via their own limited company, and are not employees of a larger business. A contract worker is not in formal employment but work via an agreed contract for a specified period of time, making them self-employed specialists.
Despite the Bank of England raising the base rate to 0.75% in August 2018. The remortgage market continues to grow, with rates remaining competitive among lenders. However, these rates may not last much longer. With the Term Funding Scheme (TFS) ending in February 2018, the supply of cheap funding for lenders will soon finish. All 9 of the Bank of England Monetary Policy Committee voted to keep the base rate at 0.75% in September, things look to be settled for the near future.
This makes now an appropriate time to consider reviewing your financial circumstances. You may find that you can reduce your monthly mortgage repayments by remortgaging and potentially secure yourself a cheaper mortgage product ahead of a speculated rate rise.
In this blog, we answer some of the crucial questions that you may have about remortgaging and how to get the best deal suited to your needs and circumstances.
Remortgaging volumes hit an eight-year high in July, conveyancing service provider, LMS has found.
But while transaction levels hit their highest point since September 2009 on a 12-month rolling average, Remortgaging volumes remain some way off their pre-crash highs.
Following the European model of being lifetime renters is all very well, but you’ll pay through the nose for a lifetime of renting.
So you want to buy a home? You’re in a shrinking majority. The gap between those that own and those that may never be able to is getting bigger.
Of the 17 million renters in the UK, more than two-thirds now have no plans or may not be able to purchase a property in their lifetime.
A third of Brits are currently renting the home they live in, and official statistics place the UK ahead of only Denmark, Austria, and Germany. Some of the world’s wealthiest countries – in terms of the proportion of owner-occupied homes across Europe.