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You spend months looking for the perfect property in the right location, you make your offer which is accepted and you start mortgage process. It should be as easy at that shouldn’t it? Wrong…… More and more contractors are reporting to us they have been gazumped.   Gazumping occurs when a buyer’s offer on a […]

In preparation for the upcoming general election on 4 July, it is crucial for voters to be well-informed about the housing and mortgage policies proposed by each political party.   The issue of housing, including mortgages, has taken centre stage in the election campaigns as homeowners have faced challenges due to high house prices, soaring

Many Contractors contact us looking to raise additional funds. In a number of cases the mortgage was originally secured when they were permanently employed and the current lender has shown no appetite to assist now they are contracting. In this situation they have 2 choices, remortgage the whole mortgage away to a new lender (taking

Are you a contractor looking to purchase an investment property?   Many contractors utilise a property portfolio as part of their retirement plan. In today’s blog, we will explore the concept of a Buy-to-Let Mortgage (BTL).   This type of financing enables contractors to acquire property with the specific intention of renting it out.  

Last week the Bank of England announced I had maintained the interest rates at 5.25% for the seventh consecutive time. In May, UK inflation reached the Bank’s target of 2%; however, it is anticipated that rates will remain unchanged until the Bank is assured of the stability of price increases.   Consequently, analysts speculate that

Despite experiencing a noteworthy development on Wednesday morning, with headline inflation reaching the Bank of England’s targeted 2% for the first time in almost three years, the Bank of England today decided to hold interest rates at 5.25%.   The decision does not come as much of a surprise as prior to the announcement, traders

Individuals who are in the process of purchasing a home or refinancing their mortgage are currently faced with a challenging decision regarding the duration of their fixed mortgage rate.   In the previous year, the majority of borrowers chose to fix their rates for a period of two years. This decision was based on the

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