Mortgage Information

 

The FCA have issued new guidance on how they expect mortgage lenders and administrators to treat customers fairly during this coronavirus (Covid-19) situation.

Mortgage lenders may hold the title deeds during the term of the mortgage or ask that your solicitor does so.

We have put together some key mortgage and protection FAQs from the questions we have been fielding from clients. Please do feel free to call if you have any other questions, we are here to help.

Information for mortgage holders affected by Coronavirus from Tracy Gordon, Director of Operations and Compliance.

The difficulty many contractors, freelancers and the self-employed find proving their income and illustrating it is predictable and stable.

There are a few ways to help reduce the risks of being gazumped. Here are some ideas...

When choosing a conveyancer, here are a few top tips to help make sure everything goes smoothly.

A restrictive covenant is an obligation based upon the owner of land to stop him from using that land for a specific purpose.

Choosing an estate agent should be a relatively straightforward task. There are some simple parameters to consider.

A mortgage ‘stress test’ revolves around predicting future ‘affordability’. It is seen by many borrowers as just another hurdle to overcome, but it’s important to understand why it was introduced and who it is meant to protect.

It’s easy to spend money on your home. But knowing where to spend it to best improve its value is slightly trickier.

The Financial Ombudsman is there to help mediate when a client and a financial services company, such as a bank of IFA, have a difference of opinion that can’t be resolved through other means. The process is relatively straightforward and we have set it out below.

Lifetime mortgages are becoming more popular as a generation of people with all or most of their lifetime wealth tied up in their homes.

Here is Katie, senior mortgage adviser taking about a second charge on a property. A second charge can be taken out against a property for a number of reasons and it's important to understand the most cost effective options available to you.

Here is Katie, senior mortgage adviser explaining what a Mortgage Agreement in Principal. Essentially an agreement in principal is a certificate which confirms that you are in a position to get the mortgage to purchase a property.

The mortgage lending criteria is information used to establish if mortgage lender will lend you the funds and how much they will lend to you.

Retirement Only mortgages are generally aimed at borrowers who are too old for standard mortgages and too young for Equity Release.

Here is Katie, senior mortgage adviser discussing the mortgage process when buying your dream home.

Here is Katie, senior mortgage adviser discussing Government schemes available to help first time buyers get onto the property ladder. These include - Help to Buy, Help to Buy ISA, Help to Buy Shared Ownership.

Here is Katie, senior mortgage adviser discusses mortgage affordability criteria and how a mortgage lender will base the size of your mortgage on your income.

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Your home may be repossessed if you do not keep up repayments on your mortgage.

There will be no fee for Mortgage Advice. There may be a fee for arranging a mortgage. The precise amount will depend upon your circumstances, but we estimate it to be £399.

Mortgage Required Ltd, Finance House, 5 Bath Road, Maidenhead, SL6 4AQ is authorised and regulated by the Financial Conduct Authority reference 573718 at www.fca.org.uk.

The Financial Ombudsman Service is an agency for arbitrating on unresolved complaints between regulated firms and their clients. More detail can be found on their website: www.financial-ombudsman.org.uk

Call: 01628 507477