Broker mortgages dominate the market

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According to figures from the Mortgage Advice Bureau*, the number of mortgage products available in now over 15,000. This is the highest the figure has been since the recession. The rise in the number of mortgages available has been mainly driven by the increased number of only broker mortgage products the company also says. This means that 71% of the mortgage products available can only be accessed via a broker. This was reported in the Financial Reporter** on 30th September 2015. What this means for home buyers Adam Nanson, Managing Director from Your Mortgage Expert comments: “The increase in the number of mortgages available only through independent mortgage brokers is a sign of how important we are in the market. 69%*** of all loans are now organised through mortgage advisers indicating that more and more people are choosing to secure their mortgage using a broker rather than trying to go directly. “By choosing a whole of market mortgage broker such as Your Mortgage Expert, home buyers and those looking to remortgage get a comparison on the direct and broker only products. Which means that they can be sure they are getting the most appropriate deal for their circumstances, not just the ones available on the high street.” How Your Mortgage Expert can help Adam Nanson continues: “We will look at the deals available and recommend the one most suited to your circumstances. Added to that, we do all the hard work for you, meaning that we will save you time, money and stress.” To speak to Adam Nanson about your next mortgage, ring him now on 01722 322683 or complete a contact us form and let him know when he can call you back. We don’t charge for an initial consultation, so by speaking with us, you won’t be under any obligation. To find out more about our services and how we operate, visit our about us section. The information contained within this article was correct at the time of publication. It is intended for information only and does not constitute advice. TenetLime cannot be held responsible for information that was correct at the time of publication but subsequently changes or goes out of date due to changes in legislation. For further information, contact Your Mortgage Expert on 01722 322683. THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. SECURING SHORT TERM DEBTS AGAINST YOUR HOME COULD INCREASE THE TERM OVER WHICH THEY ARE PAID AND THEREFORE INCREASE THE OVERALL AMOUNT PAYABLE. YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU REMORTGAGE. Sources quoted within the article. These were correct at time of publishing. *Source (30-09-15): https://www.mortgageadvicebureau.com/news/Mortgageproductnumbersreachpost-recessionhigh/1070/ **Source (30-09-15): http://www.financialreporter.co.uk/mortgages/number-of-mortgage-products-hits-post-recession-high.html ***Source (30-09-15): http://www.financialreporter.co.uk/mortgages/number-of-mortgage-products-hits-post-recession-high.html

How will the Stamp Duty cut help First Time Buyers?

In the November Budget, the Chancellor announced that Stamp Duty will be scrapped for First Time Buyers purchasing properties with a value of less than £300,000. He claimed that this move will cut the Stamp Duty tax for 95% of First Time Buyers and abolish it for 80%*. What this means for First Time Buyers Adam Nanson from Your Mortgage Expert comments: “Because these new changes come into force with immediate effect, we’ve already had clients who have completed on purchases who have saved money. How much First Time Buyers will save will obviously vary depending on the value of the house they are purchasing. But, the Chancellor has predicted that the average First Time Buyer will save about £1,700 in Stamp Duty**. “And, for houses valued at £300,000, First Time Buyers will save £5,000 on the tax they would have paid on Stamp Duty. This will mean that, for those struggling to pull together enough deposit, this money ear-marked for Stamp Duty could now be diverted into a deposit instead.” How Your Mortgage Expert can help Adam Nanson continues: “For First Time Buyers, one of the biggest barriers to purchase is often affordability, so anything that helps with this is a great thing. If you’re looking to buy your first home and you’re not sure how much you can afford, then it can really help to speak to an independent mortgage broker like Your Mortgage Expert. “We will sit down with you and go through your income, expenditure and clearly go through all the costs associated with purchasing a home to establish your financial situation. We will also break down all the jargon, so you understand exactly what is involved with applying for a mortgage and take away the hassle and administration from you.” If you are interested in applying for a mortgage, why not speak to Your Mortgage Expert? We don’t charge for the initial consultation, so by speaking to us, you are under no obligation. We are based in Salisbury, Wiltshire, but we can help you no matter where you live in the UK. Simply call us on 01722 322683 or complete a contact us form on our website and tell us when it would be best to get back in touch with you. The information contained within this article was correct at the time of publication. It is intended for information only and does not constitute advice. TenetLime cannot be held responsible for information that was correct at the time of publication but subsequently changes or goes out of date due to changes in legislation. For further information, contact Your Mortgage Expert on 01722 322683. 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. Please note, by clicking on the link below you will be departing from the regulated site of Your Mortgage Expert Ltd. Neither Your Mortgage Expert Ltd nor TenetLime are responsible for the accuracy of the information contained within the non-regulated site. *Source: http://www.independent.co.uk/news/uk/politics/budget-2017-stamp-duty-first-time-buyers-housing-market-property-300000-tax-a8069546.html **Source: http://www.bbc.co.uk/news/business-42095146

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1 in 4 move house to be near a good school

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£35 billion worth of houses ready to remortgage by the end of October

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Not switching mortgage provider could cost you

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House prices bounce back

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