The property market has been an exceedingly difficult one to judge this year, with surveyors being very cautious at the start of the year with their valuations, and then hitting the brick wall brought about by the Covid-19 pandemic. With the slight relaxation by the government in allowing some freedom of movement, and the start...
The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19. This includes a package of measures to support businesses including: a Coronavirus Job Retention Scheme deferring VAT and Self-Assessment payments a Self-employment Income Support Scheme a Statutory...
This Report, which was written immediately after the Chancellor of the Exchequer delivered his Budget Speech, is intended to provide an overview of the latest announcements and recent measures most likely to affect you or your business. Chancellor Rishi Sunak announced his first Budget, and the first since the UK left the European Union, after...
If you have late or missed payments showing on your credit file, it will not help your mortgage application but fortunately in today’s specialist mortgage market we do have lenders who will take a view on late and missed payments depending upon what they are in respect of, and how historical they are. No lender...
If you have credit defaults showing on your credit file which covers the last six years, you would be declined by most, if not all high street lenders. Why you may ask, because high street lenders base their decision to lend or not on credit scoring where the decision is made by the computer with...
When you are looking to purchase a property and you need a mortgage to help you make that purchase, the first thing that you should do is access a copy of your credit file from www.experian.co.uk or www.equifax.co.uk both of which you can access for a one off payment of £2. What you will then see is the...
For clients who have a Bad/Poor Credit Profile it has never been as straight forward when applying for a mortgage as clients who have an A1 perfect Credit Profile who have the choice of High Street lenders subject to affordability and meeting standard criteria. What we are seeing in the current mortgage market is the...
The great news in todays very competitive mortgage market is that Yes we can help you, providing that during the time that you have been in the DM plan you have conducted this on a satisfactory basis. For clients in this position the news gets even better when we advise you that at 85% LTV there...
This is a question that we are constantly being asked by clients who are about to be discharged or who have been discharged from Bankruptcy and would like to know going forward when they can either move house or get on the housing ladder. As most clients are aware the majority high street lenders would...
Many clients come to us worried that having a Poor Credit profile may prevent them from obtaining a mortgage. In todays very competitive market place having a Poor Credit profile may restrict your choices of lenders, where the High Street lenders who base their decision to lend on credit scoring is totally different from the...
