A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Main four critical illnesses take more than £15bn out of the UK economy each year
Latest figures from Legal and General have found that the four main critical illnesses have a huge impact on the UK economy. In fact, cancer, multiple sclerosis (MS), strokes and coronary heart disease have a combined impact on the UK economy of £15.2bn*. What this means to individuals and families Adam Nanson from Your Mortgage… Read More
Brexit driving Income Protection interest
According to ActiveQuote, enquiries for Income Protection have increased by 76% compared to the same period last year. The company is putting this increase in interest down to people looking to safeguard their finances ahead of the UK exiting the European Union in 2019*.
Help to Buy Scheme to end in March 2023
In the latest Budget, the Chancellor Philip Hammond announced that the Help to Buy scheme would close in March 2023. He also revealed that the current Help to Buy Equity Loan scheme will change from 2021 to try and ensure it is targeted at those who need it most, ie First Time Buyers. He said… Read More
Remortgaging hits 8 year high
Latest figures from LMS show that the number of people remortgaging their property have reached an eight year high.
83% of borrowers consult a mortgage broker when they remortgage
According to latest figures from LMS, 83% of people looking to remortgage now consult a mortgage broker. This is up from 70% in 2017*.
Your Mortgage Expert celebrates third anniversary
On 28th August, Your Mortgage Expert will celebrate their third year of trading. Dedicated to offering mortgage and protection advice to Salisbury and the surrounding area, the family run business has gone from strength to strength since opening their doors for business in 2015. Some of the business highlights over the last three years include:… Read More
Bank of England freezes interest rates
Despite some predicting a rise this month, the Bank of England has announced that interest rates have frozen at 0.5%*. Many homeowners may be wondering what this means for mortgage rates and whether now would be a prudent time to fix their rate. Adam Nanson from Your Mortgage Expert comments below:
First time buyer sales are up since Stamp Duty changes
According to NAEA Propertymark, changes made by the Chancellor last year to offer relief to first time buyers purchasing properties under £300,000 seem to be encouraging more buyers onto the market. With, year on year, first time buyer sales the highest since February 2015*. The trade body said that the Chancellor’s first-time buyer stamp duty… Read More
Homeowners spend more than £40bn on home improvements
According to the NAEA Propertymark, over the past five years, British homeowners have spent £41bn on home improvements. The research from NAEA Propertymark also found that 1 in 10 homeowners carried out improvements because the cost of moving was too high. And, a quarter thought that home improvements would be a good investment and increase… Read More
Remortgages increase ahead of anticipated rise in interest rates
According to LMS, many home owners have moved to fix their mortgage rate ahead of an interest rate raise that is anticipated to happen in May. Fixed rate deals are proving popular as home owners look to protect their monthly repayments by locking into a new deal.