Guides

When embarking on the journey of purchasing a new home or remortgaging as a contractor, the multitude of mortgage options available can often be overwhelming.   Are you inclined towards a fixed rate mortgage, where the monthly repayments remain constant, or a tracker mortgage, which offers the potential for lower repayments but with the possibility […]

There’s always talk about swap rates in the current volatile climate, but what are swap rates and how do they affect your mortgage rate options? If you are a contractor looking to buy a property or remortgage in the coming months swap rates directly impact the interest rate you will be offered.   There are

Are the Bank of England going to reduce rates this month?   The Bank of England (BoE) are meeting on the 20th of June 2024 to decide what to do with the Bank Base Rate. No one knows which way the rate will go, but in this article, we look at some of the key

Frequently, clients inquire about the significance and various types of house surveys.   Gaining an understanding of the different survey levels and their advantages can greatly influence your decision-making process when it comes to purchasing a property. This guide aims to assist you in comprehending the importance of home surveys.      What is a House

Stamp duty, also known as Stamp Duty Land Tax (SDLT), is a form of tax that is applicable when purchasing a property in England or Northern Ireland.   It is important to note that Scotland and Wales have their own versions of stamp duty, known as Land and Buildings Transaction Tax (LBTT) and Land Transaction

Looking to get your first contractor mortgage or lock in a new one? Let’s take a look at the pros and cons of the different types of mortgages available.   Mortgages aren’t the most thrilling of conversations. However, it is important to realise that understanding contractor mortgages is essential and conducting thorough research on them

How is the general election going to Impact my remortgage as a contractor?   As the UK general election on 4 July approaches, many voters are currently engrossed in political campaigns, manifestos, and debates. However, it is important to recognise that policy announcements leading up to the election can have a significant impact on mortgage

While property searches are mandatory when purchasing a house with a mortgage, they are not obligatory if you are paying in cash. When buying with cash, you are utilising your own funds rather than those of a mortgage lender, thus assuming the risk and decision-making responsibility. However, this does not imply that searches are unnecessary.

When it comes to contractor mortgages, you may find yourself pondering the question, “how much can I borrow?” This is a crucial inquiry that must be addressed before embarking on your search for the perfect home.   When you apply for a mortgage, the lender will conduct an affordability assessment to determine the maximum amount

Are you a contractor looking to secure a mortgage? Feeling a little lost in the maze of which lenders are truly contractor-friendly? Embarking on the search for an appropriate mortgage deal as a contractor can very quickly become a miserable task. Fear not, My Contractor Broker is here to help. Our consultants have over 15