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.

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

May 2010 Newsletter – Considering Purchasing a Property, Moving or Remortgaging?

If the answer to that question is yes, then now could be the perfect time!

According to analysis from Moneynet.co.uk. first-time buyers who can save a deposit are in a better financial situation now than if they had bought in autumn 2007. This is largely down to the change in stamp duty thresholds, (as a first-time-buyer you are currently exempt from stamp duty on any property purchases up to £250,000) and comparatively reduced mortgage rates. Here at The Mortgage Store we have a number of mortgage products available at up to 85% loan to value, and some deals up to 90%. This means that you may only need a relatively small deposit to obtain your mortgage. A survey carried out buy Nationwide shows that house prices have risen in April for the second month running, which could again indicate that now is a good time to get on the property ladder!

Now could not just be the time for first-time-buyers to consider their mortgage options, but also for those who already have a mortgage. Do you currently have a tracker or standard variable rate mortgage? If so you may feel that now is the time to fix your mortgage in order to guarantee your monthly payments for a set period of time. Lenders have pushed down fixed rates from their peak last August with the average 2-year fixed rate deal now at its lowest level for over a year. We are also now seeing lenders relax their criteria, and take a common sense approach to lending. This means the ‘computer says no’ mentality has been removed in some instances. If you have previously had difficulties remortgaging then these changes may provide you with an opportunity.

And if you own buy-to-let properties or are considering becoming a buy to let landlord we could help! We now offer buy-to-let mortgages up to 80% loan to value, and have access to lenders that could consider first time landlords.

There are many things to consider when purchasing a property or remortgaging. Thankfully we are able to provide you with a full advice service from start to finish. This includes assessing your monthly income and expenditure, and selecting the most appropriate lender/mortgage from our range which is best suited to you. This takes into consideration the amount you wish to borrow, the deposit you have, your credit rating, and the property you wish to purchase or remortgage to name a few. Don’t forget that all mortgages should be adequately covered against sickness or premature death. We can assist you with all these areas, to ensure that your mortgage and lifestyle would be fully protected in this event.

Speak to us today to find out more.

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: buyer, First time, home, Mortgage, purchase