The stamp duty holiday has been extended until the end of June, the chancellor confirmed in today's budget. Chancellor Rishi Sunak has confirmed that the stamp duty threshold will be raised to 500,000 with immediate effect. More than 1.6m borrowers taking mortgage holidays will be able to move to a new deal with their lender if their fixed term comes to an end, UK Finance announced today.
The Bank of England has cut its bank base rate to 0.1 per cent in a surprise move to the lowest point the rate has ever been. The Bank of England's Monetary Policy Committee have today made the unscheduled decision to cut the base rate by 0.5%. Typically a fee of 495 will be charged upon mortgage application but the exact amount of this fee will be dependent on your circumstances.
Please contact us for full details. Select Mortgage Solutions is an appointed representative of Stonebridge Mortgage Solutions Limited which is authorised and regulated by the Financial Conduct Authority.
The Bank of England has cut its bank base rate to 0.1 per cent in a surprise move to the lowest point the rate has ever been. The Bank of England's Monetary Policy Committee have today made the unscheduled decision to cut the base rate by 0.5%. Typically a fee of 495 will be charged upon mortgage application but the exact amount of this fee will be dependent on your circumstances.
Please contact us for full details. Select Mortgage Solutions is an appointed representative of Stonebridge Mortgage Solutions Limited which is authorised and regulated by the Financial Conduct Authority.
Services
We search from over 2,000 mortgages from leading banks, building societies and other mortgage lenders.
Select Mortgage Solutions are specialist Unbiased Mortgage and Insurance brokers based in Northampton, covering the whole of Northants, as far as Beds and Bucks and, with up to date technology, we can provide a service wherever you may be in the UK.
We have many years of experience in Financial Services, so whatever your requirements, we are in the perfect position to help you.
A mortgage is likely to be the biggest financial commitment you will ever make so it is vital to make the right product choice.
Select Mortgage Solutions are specialist Unbiased Mortgage and Insurance brokers based in Northampton, covering the whole of Northants, as far as Beds and Bucks and, with up to date technology, we can provide a service wherever you may be in the UK.
We have many years of experience in Financial Services, so whatever your requirements, we are in the perfect position to help you.
A mortgage is likely to be the biggest financial commitment you will ever make so it is vital to make the right product choice.
Firstly, your annual earnings total.
Mortgage lenders have different policies but they usually apply a multiple on your annual income of between 3 and 4 times.
If it is a joint application they look at the combined annual earnings and apply a multiple typically around 3.5 times.
Other lenders use more advanced credit models that take into account your expenditure as well as your earnings.
You may have to fill in a detailed questionnaire that details your outgoings.
Obviously if you have 5 children you are likely to have less disposable income than someone earning the same with no dependents.
Mortgage lenders have different policies but they usually apply a multiple on your annual income of between 3 and 4 times.
If it is a joint application they look at the combined annual earnings and apply a multiple typically around 3.5 times.
Other lenders use more advanced credit models that take into account your expenditure as well as your earnings.
You may have to fill in a detailed questionnaire that details your outgoings.
Obviously if you have 5 children you are likely to have less disposable income than someone earning the same with no dependents.
Taking out a mortgage is one of the biggest financial decisions you will make and with a wide range of options to choose from across the market it can be difficult to decide which type of mortgage deal is going to be right for you.
Select Mortgage Solutions can help - we'll remove the confusion, give straight forward advice and a totally unbiased view.
As an Professional mortgage broker we have access to the whole of market as well as exclusive deals that are not available on the high street.
We are experts in our field and will search for the most competitive mortgage products available, enabling you to find the best deal, one that matches your own personal needs and circumstances.
Select Mortgage Solutions can help - we'll remove the confusion, give straight forward advice and a totally unbiased view.
As an Professional mortgage broker we have access to the whole of market as well as exclusive deals that are not available on the high street.
We are experts in our field and will search for the most competitive mortgage products available, enabling you to find the best deal, one that matches your own personal needs and circumstances.
A buy-to-let mortgage (also known as an investment mortgage) is designed for borrowers who want to let their property out to a third party (i.e.
More and more people are investing in property as a long-term opportunity to make profitable returns, and as a way of securing finance for their retirement.
You should be aware however that property prices can rise as well as fall.
There are now plenty of competitive buy to let mortgage deals around that are specifically aimed at the buy-to-let market, ranging from special offer mortgage deals to fixed and variable rate options.
More and more people are investing in property as a long-term opportunity to make profitable returns, and as a way of securing finance for their retirement.
You should be aware however that property prices can rise as well as fall.
There are now plenty of competitive buy to let mortgage deals around that are specifically aimed at the buy-to-let market, ranging from special offer mortgage deals to fixed and variable rate options.
A capped rate mortgage puts a maximum limit on the interest rate that you have to pay.
You therefore gain the security of having a 'ceiling' or upper limit to the amount that the lender can increase the interest payable on your mortgage.
This period of capped interest is for a specified period only; typically between one and five years.
At the end of the specified period your mortgage will usually revert to a variable rate.
Although this arrangement initially sounds attractive, some capped rate mortgages also have a 'collar' or lower limit below which the interest on your loan cannot fall.
You therefore gain the security of having a 'ceiling' or upper limit to the amount that the lender can increase the interest payable on your mortgage.
This period of capped interest is for a specified period only; typically between one and five years.
At the end of the specified period your mortgage will usually revert to a variable rate.
Although this arrangement initially sounds attractive, some capped rate mortgages also have a 'collar' or lower limit below which the interest on your loan cannot fall.
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