By John Cossons, Mortgage and Protection Designer at Anstee & Co. As more people are working from home, and it is appearing likely that many will continue to do so, house prices are increasing and there is currently a lack of properties available for sale. So, more people are considering improving and extending their [...]
We are often asked, “How do I get a mortgage”? First of all, we would recommend that you start thinking about your mortgage application at least six months before you apply. Here are some of the key steps to follow to ensure that you get the best mortgage for you. Step one Check your [...]
By John Cossons, Mortgage and Protection Designer. The UK mortgage landscape is evolving with a focus on affordability and responsible lending. The Financial Conduct Authority (FCA) is reviewing and potentially simplifying rules, particularly around affordability assessments when reducing a mortgage term according to a recent policy paper. This includes a move away from prescriptive [...]
By John Cossons, Mortgage & Protection Designer First of all, what type of mortgage do you have? If you have a fixed-rate mortgage. Even if interest rates change, your monthly mortgage repayments won’t be affected if you have a fixed-rate mortgage – they’ll stay the same until the end of the fixed-rate period. However, you’ll need [...]
It is always a good idea to understand the different types of mortgages that are available and how they work. In this article, we take the first steps in finding out which type of mortgage is best for you. Each mortgage has its advantages and drawbacks. To help you get informed about what is [...]
As a first-time buyer, getting the deposit together for your home is hard. So, to help first-time mortgage buyers the government launched its Lifetime ISA. Sometimes known as a LISA. This scheme was first made available in April 2017 and is open to people aged 18 but before the age of 40, who are UK [...]
By John Cossons, Mortgage & Protections Designer with Anstee & Co. With the recent announcement that the Bank of England has increased the bank base rate for the first time since August 2018 is it time to consider a long-term fixed rate for your mortgage? A mortgage is a long-term commitment, and with the ever-increasing [...]
By John Cossons, Mortgage and Protection Designer with Anstee & Co. The two questions that we are asked most by people buying their first house are- Can you buy a property with a 5% deposit? Yes, on any property that is not a New Build you can have a 5% deposit and borrow 95%. A [...]
We could be entering a period of opportunity for first-time buyers. Market conditions could be perfect for people looking to buy their first home. Buyers are able to take advantage of cheap mortgage rates and the weakening housing market. Additionally, as a first-time buyer, you can still make use of the government’s Help to Buy [...]
We have reached the final of NatWest Mortgage Local Hero Awards. NatWest Mortgages is recognising mortgage brokers that have gone beyond everyday expectations. Above all, they have put the customer and their local community at the heart of their firm. In total 60 firms have been shortlisted for recognition in the 12 regional awards. Anstee & [...]
