The UK Mortgage Store News

July 2010 Newsletter – A Bright Buy to Let Future

Are you considering a Buy-to-Let purchase or remortgage, but think the market is less than perfect?

You may be pleasantly surprised! Whilst the Buy-to-Let market has not reached the levels seen at the peak in 2007, it has expanded by 70% since September 2009.

At The Mortgage Store we have access to a wide range of Buy-to-Let mortgage deals up to 80% loan to value, some which are not available on the high street. Not only that but we have lenders on our panel that use rental income calculation to determine the level of mortgage they will offer. This means that you may not necessarily require a particular level of personal income to obtain the Buy-to-Let mortgage you need.

According to Nationwide, average house prices have risen again during the month of May 2010 which follows month on month increases since November 2008.* Nationwide state ‘The current supply-demand balance on the market is still consistent with relatively stable to modestly upward trending prices’.
Given that mortgage rates are relatively low and loan to value rates are relatively high, now may be the time to consider that Buy-to-Let purchase before house prices increase further!

Do you currently have a Buy-to-Let mortgage deal that you would like to move away from? Why not call us today to find out if we can help with a more competitive rate? Equally with loan to value rates becoming more favorable you may find that now could be the time to raise capital against the property for such things as home improvements.

There are many considerations and options to take account with any Buy-to-Let purchase or remortgage. Thankfully we are able to provide a full advice service and guide you through all the options available. In addition to this we also offer a full general insurance and protection advice service.

Why not contact us Today to see if we could beat your buildings insurance renewal, or provide advice on your personal insurance needs?

We look forward to hearing from you.

* (Taking into consideration seasonal adjustments).

For further details or to arrange an interview please use our ‘Contact’ Page.

For a PDF version of this newsletter please click the PDF icon:

Tags: advice, assistance, buy, insurance, let, Mortgage, purchase, rate, to

January 2010 Newsletter – The Importance of Seeking Advice

There seems to be a renewed optimism in the housing market, and we are continuing to see the positive signs of recovery with recent reports indicating that January house prices rose by 1.2%. This is an increase of 8.6% in comparison to last year and with more mortgage deals now available at 85% and 90% LTV, we are seeing serious interest from home movers and first-time-buyers.

The financial world of 2010 has however undergone radical changes in recent years and in essence the market is much more complex today. The reduction in the number of mortgage products available combined with tighter lending criteria means that navigating your way through the mortgage maze can be difficult.

And while many borrowers have been (and still are) benefitting from low mortgage rates this won’t last for ever and we could start to see rates creep up as the year progresses. That said there are some extremely competitive mortgage deals currently available, whether you are looking to remortgage, switch or buy for the first time. It can be worthwhile having a look to see whether it is cost effective to change lender to get a better mortgage deal or to review this if your initial deal is coming to an end. The same applies to home insurance and protection policies, regular review can ensure that you still have the best cover at a competitive price for you.

So what do you do? Search on the internet? Check out what’s available on the high street or consult a financial advisor who will provide you with tailored advice? We believe that now more than ever reliable financial advice is invaluable and that it is the only way our clients can be sure that they have covered all bases, that they are protected and that they leave with a solution to suit their needs.

A review of your finances in 2010 should be a priority and by speaking to a qualified adviser you can ensure that the financial products and services you currently use are still the best match for your circumstances – plus you could even save some money!

The Mortgage Store are here to help and provide advice for the long-term, if you would like to discuss your financial requirements contact us today by clicking here: ‘Contact’ and we can discuss the options available. We look forward to hearing from you.

For further details or to arrange an interview please use our ‘Contact’ Page.

For a PDF version of this newsletter please click the PDF icon:

Tags: advice, assistance, buyer, First time, help, insurance, Mortgage, purchase, rate