Mortgages Archives

Get the facts on equity release – releasing the cash from your home!

Get the facts on equity release – releasing the cash from your home! Equity release is extremely popular, with a staggering £1.61 billion released from homes last year*. Equity release has changed and evolved considerably in recent years. There are new providers who have entered the market, which has increased the range of products on offer. So, if you are considering equity release as a way to boost your finances, here are some facts you really should know: What is equity release? Equity release is a way to access some of the cash locked in your home. The money you

By Emma Fisher|June 30th, 2016|Categories: Family Protection, Financial advice, Mortgages|0 Comments

Are you self-employed and need a mortgage?

Are you self-employed and need a mortgage? It’s not as hard as you may think… Being self-employed has its perks...and its problems! Thousands of successful Brits have to jump through many loop holes in order to become a homeowner. Self-employed Brits are on a level playing field when applying for a mortgage despite tough new rules, the financial regulator has insisted. The Financial Conduct Authority acknowledges that some lenders think affordability rules are too tough on self-employed borrowers. What changed? After the financial crisis, regulators decided to bring in stricter rules on who lenders could or couldn’t hand out mortgages

By Emma Fisher|June 25th, 2016|Categories: Mortgages|0 Comments

Lenders are ready to lend

After attending a conference yesterday with some senior executives of Lenders such as Lloyds Banking Group, Nationwide, Platform, Virgin Money and Barclays, the outlook is bright. Lenders say that they are all keen to lend and have a good 'appetite for lending'. With the new regulator - the Financial Conduct Authority and the implementation of the Mortgage Market Review (MMR) which gives Lenders the responsibility of assessing affordability, there will still be sensible lending rules in place which the market has adapted to over the last few years. It does however mean that lenders are going to be acting a

By Emma Fisher|April 3rd, 2016|Categories: Mortgages, Uncategorized|0 Comments

How much deposit do I really need for my first mortgage?
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How much deposit do I really need for my first mortgage?

Many of our clients are asking 'how much do we really need to save to buy a house?' These days, you can't walk into your local estate agent, see a house, get a 100% mortgage without providing any proof of earnings and four - six weeks later become the owner of your first property!! Times have changed... But what do you need to know when purchasing your first home? Here are a few tips for someone looking for their first (or any) Mortgage! A First Time Buyer Loan is a great way to get on to the housing market, but

By Emma Fisher|August 14th, 2013|Categories: Mortgages|0 Comments

What is Mortgage Payment Protection Insurance?
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What is Mortgage Payment Protection Insurance?

Very commonly mistake for the dreaded PPI (Payment Protection Insurance), Mortgage Payment Protection Insurance is a great policy which will cover your Mortgage Payments should something unforeseen happen. It can be relatively inexpensive and very handy too. If you would like some more information, give Turnberry Financial Planning a call! - 01604 235136

By Emma Fisher|July 31st, 2012|Categories: Family Protection, Financial advice, Insurance, Mortgages|Tags: financial adviser, mortgages|0 Comments