Building, Maintaining, and Preparing your Credit Score With the increasing number of hurdles put in front of us when arranging mortgages, it pays to get all of your ducks in a row. There is nothing more frustrating than saving up a huge deposit, earning enough to get the mortgage you require, finding your dream
Housing Market Hurdles - Advice on Mortgages for First Time Buyers It goes without saying that 2020 has been an extraordinary year, one that we have never seen the likes of before. At Lloyd Wells Mortgages, we speak to first-time buyers every day and know what problems they face climbing onto the property ladder.
How To Remortgage Your Home To Pay Off Debt? One of the most popular reasons people get in touch with us here at Lloyd Wells Mortgages, is that they have some debt that they feel is quite expensive that they want to pay off with their mortgage. There are pros and cons to consolidating
What is a Help to Buy Mortgage? The Help to Buy Scheme was introduced in the UK back in April 2013 to help First Time Buyers to get on the property ladder. With increasing property prices, an expensive rental market, stagnating wages and cost of living continuing to soar, it was becoming harder and
Portfolio landlords are faced with a number of challenges when it comes to tax. One is Capital Gains Tax, which becomes an ever-increasing problem as property prices rise. Another is the loss of tax relief on mortgage interest. And then there’s Inheritance Tax, which itself could run into hundreds of thousands of pounds even
What is a Joint Borrower, Sole Proprietor Mortgage? Joint Borrower, Sole Proprietor mortgages are a fairly new breed of mortgage offered by a select few lenders. It means that you can add a ‘joint borrower’, typically a parent, so that you can use their income to help boost the amount you can borrow. The
What is the best protection for me and my family? We get asked this by nearly every client and unfortunately, there is no simple answer. With so many different types of protection products in the market, we thought we would put together a few notes to help you narrow down what’s best for you.
10 Questions for First Time Buyers We get a lot of First Time Buyers come to us with similar questions. We decided to put a blog together with some of the more common questions all in one place. If you have any questions that we haven't covered, do email us at email@example.com. What is
20 Mortgages FAQs 1. What does LTV mean? LTV stands for Loan to Value. It is calculated by dividing the loan by the value of the property. If you have a £150,000 mortgage on a £200,000 property, your LTV is 75%. The lower the LTV, the less risk it is for the bank. The
What Is A Mortgage Product Switch? When your current mortgage product comes to an end it is vital that you reassess to make sure that you aren’t paying too much for your mortgage, this is called ‘remortgaging’. A ‘Product Switch’, sometimes referred to as a ‘Product Transfer’, is where you change to another deal