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For a mortgage broker in Buderim who cares about your goals, look no further than BrokerCo. We’re great at finding the best home loans.
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Get your mortgage approved by a credible lender without any hassle. Hiring a mortgage broker in Ipswich by Fees free mortgages is easy and free. We don’t charge any money for our service and holds full accountability for our advice. If you want to get your mortgage approved at a lower interest rate and get it done without lifting a finger, then you are welcome at Fees Free Mortgages.
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Coventry Building Society Back Into 90% LTV Mortgages
Coventry for Building Society are moving back into the 90% LTV mortgage market. The Mortgage Lender is launching a couple of 5-year fixed rate products at 90% Loan To Value for new customers this Friday. The Coventry is also expanding end dates from June to September on all fixed residential mortgages. A variety of mortgage companies have momentarily removed their 90% LTV products from the marketplace this week, including Ipswich Building Society, Accord Mortgages, Virgin Money and Clydesdale Bank. Kevin Purvey, director of mortgage distribution at Coventry Building Society, said: “We are re-entering the market at 90% LTV and accepting applications from Friday. Full details of the new products will be sent to brokers on Friday morning. “There is clear demand from customers and brokers for high LTV products and we are looking to support the market.” Read the full article
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Expert Insights: Trends in Retirement Home-Buying and -Selling
There’s a segment of the real estate population that often goes forgotten—baby boomers.
The baby boomers, a generation in which the oldest members are now approaching their mid-70s, have a homeownership rate of about 80 percent, according to the Berkeley Economic Review. While the millennial generation has surpassed baby boomers in size, this aging population makes up a significant portion of the real estate market, and agents should be prepared to help them navigate buying and selling while keeping their unique needs in mind.
What does that entail? Being knowledgeable about retirement and aging-in-place trends can help agents to better serve their baby boomer clients. Here, industry experts with experience in the senior home-buying and -selling markets share their insights.
Where Are They Going? According to Linda Hollister, a REALTOR® with Compass, most seniors are either taking their equity out of the area or state, or moving into retirement facilities or condos near downtown or places that allow for easy walking. “Single-story living arrangements are preferred,” Hollister says, a trend confirmed by a recent 55places 2019 National Housing Survey that found 48 percent said it was a top feature for their new home.
If these homeowners own second homes, they could be selling their primary residence, moving full-time into their secondary property. This is something Kathy Sperl-Bell, associate broker and REALTOR® at Active Adults Realty, has seen firsthand by working the Coastal Delaware market, which she says has always been a strong second-home and vacation-home market.
According to the 55places report, which surveyed a majority of respondents aged 55 or over, states with moderate climates are becoming more popular, but the top desired states are Florida, New Jersey, California, Arizona and Pennsylvania.
What Is the Motivation? “The kids are finally out of the house,” is one of this generation’s biggest incentives for moving, says Judy Hanson, vice president of the J Barrett & Company Ipswich, Mass., office. In addition, hitting retirement age is another big one, she says.
Sperl-Bell has heard of reasoning that ranges from loss of a spouse, being closer to family, focusing on their health and being closer to medical facilities, and downsizing from a home that is too large. The 55places report found that 27 percent of respondents cited downsizing as a key driver for moving.
In terms of her specific market, Sperl-Bell says the following attract retirement-aged homeowners to second-home and vacation areas:
Taxes: “Compared to surrounding states in the Mid-Atlantic Region and in the Northeast, Delaware taxes are the lowest. Also, Delaware has no sales tax.”
Location: “Baby boomers’ children, grandchildren, family and friends may still live in the Northeast or Mid-Atlantic states. Delaware is a great central location.”
Sometimes the motivation can change over time, says Hollister, especially for those who decide to move to another state.
“Several seniors moved away years ago to nice areas only to realize that they are too far away from their grandchildren,” says Hollister. “If they can afford to, many have moved back to be closer to the kids.”
That’s where guidance comes in. Knowing these trends can help agents when assisting their senior clients.
What Are Their Unique Agent Needs? Baby boomers heavily rely on agents when making a big aging-driven move, but they are looking for specific traits.
For example, the 55places report found that 80 percent of respondents want to ensure their agent is knowledgeable about their preferred market area, but 62 percent also value responsiveness and 32 percent look for availability. In terms of what they want out of the relationship, 59 percent said strong price negotiations, 54 percent prioritize comparable property listings and 43 percent focus on pictures and home features.
Hanson suggests that agents manage these relationships a little differently than other clients.
“They like to take it slower and not be rushed into things. They get nervous as many have not purchased a home in many, many years, and it has changed from a handshake,” says Hanson.
Sperl-Bell says it’s also important not to stereotype people.
“Understand that ‘senior’ doesn’t really fit,” says Sperl-Bell. “No baby boomer thinks of themselves as a senior. There are active adults and then there are seniors.”
It’s also about knowing what their specific needs are.
“They worked hard and they want to feel rewarded,” adds Sperl-Bell. “Relocation is not easy for everyone and they need to feel like they will make new friends and feel welcome.”
Hollister says they want the information upfront, stating they are “interested in hearing anything and making up their minds accordingly.”
Are They Still in Debt? With previous mortgage tax law, carrying monthly property loan debt was more advantageous for homeowners. Now, however, the benefit is largely gone for many. Has that changed the way retiree-aged individuals are buying? Low interest rates may be actually incentivizing more buyers to purchase through financing, experts say.
“We used to see about 50/50,” says Sperl-Bell of the ratio of senior clients buying with a mortgage, “but lately we are seeing more of our clients getting a mortgage, even though some may be small.
“If they are buying new construction and a small mortgage will enable them to upgrade and get exactly what they dreamed of, that’s what they do,” she adds, emphasizing that baby boomers are not afraid of debt like their parents may have been.
These homeowners may also not be as financially crunched in their retirement as perceived. According to Hanson, “most can make the move without selling their present home.”
Holding onto debt, however, can be a good thing, according to the New York Times. Some homeowners are choosing to continue carrying their home loans as a security measure against inflation.
Giving Them What They Need Perhaps the most important thing to know is what the aging population wants out of a home, focusing specifically on the amenities.
Sperl-Bell says most of the senior clients she’s worked with want most lawn maintenance included, as well as other specialized amenities such as a clubhouse and outdoor pool. She emphasizes that it’s never a one-size-fits-all situation with this generation.
Hanson says the following are the most-requested amenities: a first-floor master, handicap baths, garages and easy maintenance.
The 55places report says 64 percent of respondents desire a fitness center, 59 percent want an outdoor pool, 42 percent look for a gated entrance, 50 percent want an outdoor walking or running trail and 37 percent prefer an indoor pool.
“We need to listen to them and help them make good decisions,” says Hanson of working with the aging population. “Most have not done this since they bought their first home, and things are all new to them.”
Liz Dominguez is RISMedia’s associate content editor. Email her your real estate news ideas at [email protected].
The post Expert Insights: Trends in Retirement Home-Buying and -Selling appeared first on RISMedia.
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Ever thought about building your dream home? Three ways you could make it a reality
Guest article from Ipswich Building Society With a shortage of houses in the UK and rising property prices you might have thought about building your own home, but dismissed the idea as a pipe dream. But with a recent report from the Office for National Statistics stating a detached property in the UK now costs an average of £370,000, increasing by 4.7% in the last 12 months, now could be the time to put your plan into action. By building your own home you can design a property as individual as you, and decide what areas are important for you and your family. You may choose to invest heavily in insulation, for example, or seek to implement environmentally friendly initiatives. Choosing a new property is hard – even more so when you are building it yourself. Here’s three things to help you get your project off the ground. 1. Tell your local council you want to join their Right to Build Register In April 2016 the Self Build and Custom Housebuilding Act, known as the Right to Build Act, was introduced to make it easier for people interested in building their own home to find suitable land. This legislation means councils are now obligated to keep a register of people interested in acquiring land in their area. You can register your interest directly with you local council or via the Local Self Build Register website. The council should then offer you a number of suitable council owned plots, if available, and can put you in touch with local landowners who have land to sell, via the register. 2. Consider Modern Methods of Construction (MMC) A new way to ‘self build’, MMC is where new build housing is produced offsite in factories, in large quantities. It is then typically transported in sections to the customer to be assembled and finished on site. Many people could find that by utilising this method of mass production their project can be both quicker and cheaper than traditional ‘brick and block’ construction – whilst still allowing them to create a unique, purpose built home tailored to their own requirements. Essentially MMC is the new generation of prefabricated homes – although vastly improved from the prefabs which were used following the Second World War. Typical MMC schemes are: Closed-Panel Systems: entire walls which come complete with cladding, doors, windows and ducting for wires/pipes. They are transported to the site and lifted into place using a crane. Open-Panel Systems: external cladding and joinery is fitted on site, without the need for a crane. This is ideal for projects with restricted access. Structural Insulated Panels (SIPs): this idea came from America in 2000, and is where the walls and roof are made from solid slabs of insulation providing excellent energy efficiency. Oak Framing: often constructed off site, oak frames are quickly erected and encapsulated with highly insulated panels. You may be concerned about the durability of these schemes, and all MMC providers should be able to provide information about the resilience of their build. However, there are various other ways you could research this, such as the Build Offsite Property Assurance Scheme (BOPAS). By gaining BOPAS accreditation this means the scheme has been through a durability and maintenance assessment, guaranteeing that properties will be sufficiently durable and readily saleable for a minimum of sixty years. 3. Get your financing in order Chances are you’ll need to borrow funds for your project, and you should be aware that getting a mortgage for the ‘yet to be built’ is a little different to a traditional, residential mortgage. Instead you’ll need to seek out a specialist “self build” mortgage. These offer features such as lending money on the land (so you can keep your savings back for the build) and releasing funds in stages as the build progresses. This means you don’t have to borrow the whole amount from the outset and therefore pay interest on all of it, from day one. It’s also worth bearing in mind that this type of mortgage is not just limited to brand new builds, and can be utilised for the conversion of an existing property or a knock down and rebuild project. Many self build lenders will consider homes built using MMC schemes, such as the mortgages on offer from Ipswich Building Society. According to the Building Societies Association, “building societies are generally receptive when it comes to accepting MMC as suitable security for mortgage purposes, particularly those that lend in the self-build market as they are more experienced in assessing the potential risks of non-standard construction types”. Criteria will differ between lenders but you’ll need to prepare some information about your project. You will need to: Find a suitable plot of land Obtain planning permission Have detailed plans of the property drawn up Provide a realistic projection of costs Have deposit saved / put aside – the percentage will depend on the lender Finally, if you are unsure what mortgage may be best, you should consider seeking advice from a specialist mortgage broker. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE The post Ever thought about building your dream home? Three ways you could make it a reality appeared first on MoneyMagpie.
https://www.moneymagpie.com/manage-your-money/ever-thought-about-building-your-dream-home-three-ways-you-could-make-it-a-reality
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Ipswich ups mortgage lending by a third
Ipswich Building Society increased its gross mortgage lending by a third (32.5%) to £159m in 2017, up from £120m in 2016. Correspondingly it increased pre-tax profit by 19.23% to £3.1m in 2017, up from £2.6m in 2016. Alan Harris, chairman at Ipswich Building Society, said: “Against a backdrop of …
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Ipswich ups mortgage lending by a third
Ipswich Building Society increased its gross mortgage lending by a third (32.5%) to £159m in 2017, up from £120m in 2016. Correspondingly it increased pre-tax profit by 19.23% to £3.1m in 2017, up from £2.6m in 2016. Alan Harris, chairman at Ipswich Building Society, said: “Against a backdrop of …
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The post Ipswich ups <b>mortgage</b> lending by a third appeared first on Trusted Mortgage Brokers - Find A Local Mortgage Adviser Today.
from Trusted Mortgage Brokers – Find A Local Mortgage Adviser Today https://www.trustedmortgagebrokers.co.uk/ipswich-ups-mortgage-lending-by-a-third/
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Strong price growth areas in regional Oz Your Investment Property
Over the last three years, thousands of aspiring Aussie investors have “sat frustrated on the sidelines,” wanting to invest but unable to do so because of skyrocketing house prices in Sydney and Melbourne. At the same time, dozens of other locations throughout Australia were producing strong price growth and were significantly more affordable, according to Simon Pressley, head of property market research at Propertyology.
“One of the biggest myths in real estate is that capital cities are the best investments,” Pressley said. “It always fascinates me how so many investors are oblivious to the opportunities throughout regional Australia where, generally speaking, it costs much less to enter the market, annual holding costs are lower, and potential for price growth can be superior to many high-profile cities.”
Had aspiring property investors expanded their search beyond the capital cities and high-profile council areas, they would have been able to enter the market sooner and built up sizeable nest eggs.
Regional New South Wales
“Throughout parts of NSW, investors will find proof that well-chosen regional locations do produce that sought-after mix of affordable investment properties with high price growth and a better annual cash flow,” Pressley said.
Locations that have produced compound price growth of 15% or more over the last three years, and have a current median house price of about $400,000 or less, include Coolamon (25.6% compound growth), Kempsey (23.6%), Dubbo (19%), Leeton (17%), Bathurst (15.7%), and Forbes (15.2%).
Pressley also singled out Guyra as having achieved a rate of growth comparable to that of Sydney’s blue-chip suburbs. “Today’s median house price in the Northern Tablelands township is an incredibly low $280,000, after increasing by a whopping 50 per cent over the three years ending May 2017.”
Regional Queensland
The Sunshine State has its fair share of hidden gems. “The median house price in Goondiwindi is still only $310,000, and investors would have achieved a far better total return on investment over the last three years [here] than in metropolitan Brisbane. The Sunshine Coast ($550,000) and Gold Coast ($618,000) have also outperformed the state’s capital,” he said.
Regional locations – such as Scenic Rim, Cairns, and Toowoomba – have produced similar total returns as the Greater-Brisbane municipalities of Logan, Ipswich, and Moreton Bay.
Regional Tasmania
“Throughout most of [Tasmania], the low entry price and high rental yields mean that an investment property will usually be cash flow neutral or better – good luck getting that in Sydney or Melbourne!” Pressley said.
He singled out the northern Hobart municipality of Glenorchy as having produced 18% price growth over the last three years, and is cash flow positive to the tune of $2,500 per annum.
“Instead of sitting on the sidelines frustrated at being unable to afford to invest in Melbourne, one could have enjoyed 21 per cent price growth over the last three years from a typical property in the Victorian local government authorities of Colac or Alpine, where the median house price is under $340,000. That growth is on par with many parts of Greater-Melbourne, and a typical investment property would be cash flow neutral.”
Propertyology has a full list of lower-profile locations that have performed strongly over the last three years.
Related Stories:
A Revolution In Scientific Property Buying Hobart Is Poised For Immense Growth
Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker
from https://highpowerclean.com.au/strong-price-growth-areas-in-regional-oz-your-investment-property/
from High Power Cleaning Melbourne - Blog http://highpowercleanau.weebly.com/blog/strong-price-growth-areas-in-regional-oz-your-investment-property
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Fast loan approval. Logan Mortgage Broker. Refinance Loan, Debt Consolidation, or Home Loans - we find the perfect finance solution for you. Home Buyer Help.
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Hire a Mortgage Broker in Ipswich- Free or Commission Based- Whom to Choose?
If you are looking for buying a home through a mortgage, then you may come across terms like mortgage broker and loan officer. A mortgage broker works on behalf of you to lenders. As middlemen, their work is to talk with several banks and find you the best mortgage with competitive interest rates. Mortgage brokers are licensed and regulated financial professionals with a good relationship with reliable lenders. Their work is to facilitate mortgage loans to users by using the requisite information. You can hire a professional mortgage broker in Ipswich to do all your paperwork for you, find the right lender and ensure you get preapproved for a low-interest mortgage.
Do you have to pay Mortgage Brokers?
Most mortgage brokers don’t charge you for the job since they get paid by lenders. However, some brokers might ask you for a fee. The fee of brokers starts around 0.50 per cent to 2.75 per cent of the loan amount. Therefore, most people prefer Fees Free mortgage company- who doesn't have any personal affiliation with a lender. Moreover, they also offer free advisory services for free. Since you may not have that kind of money in your hand to pay a broker, free mortgage advisors and brokers will be a great help, especially for first time buyers and remortgages. The competitiveness and the price of homes in the local market also is a major factor that dictates the charges of brokers.
Why you should choose Fees Free Mortgage Broker?
Mortgage brokers with no commission-based affiliations with any specific companies are good since they won’t give a bad deal for the sake of earning a big commission from a lender.
Who are Loan Officers?
Loan officers are employees of lending companies whose work is to approve your mortgage. They mostly work with professional brokers.
Mortgage brokers can save you countless hours which you might have to spend while applying for loans. Researching the lenders, contacting them, applying for a loan, underwriting the loan, ensuring the transaction, etc. will take days. With a mortgage broker in Ipswich, you can get all of it done without paying any fee or commission.
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Strong price growth areas in regional Oz – Your Investment Property
Over the last three years, thousands of aspiring Aussie investors have “sat frustrated on the sidelines,” wanting to invest but unable to do so because of skyrocketing house prices in Sydney and Melbourne. At the same time, dozens of other locations throughout Australia were producing strong price growth and were significantly more affordable, according to Simon Pressley, head of property market research at Propertyology.
“One of the biggest myths in real estate is that capital cities are the best investments,” Pressley said. “It always fascinates me how so many investors are oblivious to the opportunities throughout regional Australia where, generally speaking, it costs much less to enter the market, annual holding costs are lower, and potential for price growth can be superior to many high-profile cities.”
Had aspiring property investors expanded their search beyond the capital cities and high-profile council areas, they would have been able to enter the market sooner and built up sizeable nest eggs.
Regional New South Wales
“Throughout parts of NSW, investors will find proof that well-chosen regional locations do produce that sought-after mix of affordable investment properties with high price growth and a better annual cash flow,” Pressley said.
Locations that have produced compound price growth of 15% or more over the last three years, and have a current median house price of about $400,000 or less, include Coolamon (25.6% compound growth), Kempsey (23.6%), Dubbo (19%), Leeton (17%), Bathurst (15.7%), and Forbes (15.2%).
Pressley also singled out Guyra as having achieved a rate of growth comparable to that of Sydney’s blue-chip suburbs. “Today’s median house price in the Northern Tablelands township is an incredibly low $280,000, after increasing by a whopping 50 per cent over the three years ending May 2017.”
Regional Queensland
The Sunshine State has its fair share of hidden gems. “The median house price in Goondiwindi is still only $310,000, and investors would have achieved a far better total return on investment over the last three years [here] than in metropolitan Brisbane. The Sunshine Coast ($550,000) and Gold Coast ($618,000) have also outperformed the state’s capital,” he said.
Regional locations – such as Scenic Rim, Cairns, and Toowoomba – have produced similar total returns as the Greater-Brisbane municipalities of Logan, Ipswich, and Moreton Bay.
Regional Tasmania
“Throughout most of [Tasmania], the low entry price and high rental yields mean that an investment property will usually be cash flow neutral or better – good luck getting that in Sydney or Melbourne!” Pressley said.
He singled out the northern Hobart municipality of Glenorchy as having produced 18% price growth over the last three years, and is cash flow positive to the tune of $2,500 per annum.
“Instead of sitting on the sidelines frustrated at being unable to afford to invest in Melbourne, one could have enjoyed 21 per cent price growth over the last three years from a typical property in the Victorian local government authorities of Colac or Alpine, where the median house price is under $340,000. That growth is on par with many parts of Greater-Melbourne, and a typical investment property would be cash flow neutral.”
Propertyology has a full list of lower-profile locations that have performed strongly over the last three years.
Related Stories:
A Revolution In Scientific Property Buying Hobart Is Poised For Immense Growth
Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker
from End of Lease Cleaning Melbourne|Bond back cleaning|Bond Cleaning |Vacate cleaning Melbourne https://highpowerclean.com.au/strong-price-growth-areas-in-regional-oz-your-investment-property/ from High Power Cleaning Melbourne https://highpowercleanau.tumblr.com/post/166514583196
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The frustration of having unsold units is known to many developers, and even when construction is complete, the owner may still require funding until a certain percentage of the units are sold. Should the developer suddenly find a shortfall in their funds, either due to an existing lender leaving the project or for other reasons, residual stock and take out finance could be the answer.
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Tips For First-time Buyers in Peterborough
First-time Buyers in Peterborough
Buying a house is a big decision for first-time buyers in Peterborough, or anywhere else for that matter.
Get Advice from a Mortgage Broker
Unless you get the correct mortgage advice, things can get confusing, stressful and time consuming for you. It can become even more stressful later if you have acted without the sorts of full information that an adviser would provide.
At The Mortgage Bureau, our mortgage advisers will help remove the confusion, save you time and provide the correct first-time buyer mortgage advice.
Being an independent mortgage broker here in Peterborough, we are not tied to any lender or estate agent. When we have a full understanding of your current situation this allows us to match you with the most suitable lender.
Because we want to help our customers make the right decision as first-time buyers in Peterborough, here are some tips you should consider:
Responsibility: All lenders will check your financial situation so you should be in a position to show that you are responsible. For example, pay off your credit card bills and other debts on time to show that you can be responsible for the mortgage payments. That way you build up a healthy credit history that shows that you can be trusted.
Save Hard & Boost Your Savings: As a first-time buyer, you should be prepared for the deposit and the mortgage repayments. Work out how much cash you are left with at the end of each month. Instead of keeping it in your current account, it should go straight into a savings account. That way you will not be tempted to spend it. Similarly, you should look for ways to boost your monthly savings. Cut down on any expense that isn’t benefitting you or your family. The bigger deposit you have, the better choice of mortgage deals you will have.
Choose Your Mortgage Wisely: While our experts will help you get the right mortgage deal, you should still choose it wisely. The most important factor to consider is the overall cost of the deal, not just the interest rate. Don’t get tricked with a low rate deal, as it may come with fees and other charges payable at a later date. We will point these out to you.
Compromise: Sometimes things don’t turn out the way we expect. It could be the location of your new property, or its size or its condition. Being able to compromise on any of these things could make the world of a difference for you, especially when it comes to buying your first home.
About Peterborough
Peterborough sits just off the A1, so it’s very accessible from all major cities by car. Once you arrive you’ll find the city remarkably easy to navigate.
Rail: Easy access to London (50 minutes), Newcastle, Edinburgh and also to Liverpool, Manchester, Birmingham, Nottingham, Leicester, Derby, Lincoln, Norwich, Ipswich and Cambridge. The railway station is an important stop on the East Coast Main Line between London and Edinburgh.
Bus: You can get travel advice and National Express tickets, plus tickets for day trips at the Visitor Information Centre on Bridge Street, Peterborough. Free bus timetables and various leaflets on places of interest are available, and you can also get concessionary bus passes.
Air: Stansted Airport is just over an hour away by car and is on a direct train line from Peterborough. Luton airport is approximately 75 minutes by car.
The Mortgage Bureau, Stuart House East Wing, St Johns Street, Peterborough, PE1 5DD | Telephone 01733 358488 | Website | Facebook
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LTV restrictions dominate broker criteria searches
Covid-19 maximum loan-to-value restrictions was the most searched-for criteria by brokers in both the residential and buy-to-let sector in May, according to Knowledge Bank’s latest tracker. In the residential market “Covid-19: furloughed workers” was the second most popular search term as brokers grappled with lenders’ changes to affordability rules. Second charge brokers also focussed their searches on maximum LTVs and temporary restrictions to LTVs as a result of Covid. In the equity release market each of the top five broker searches changed between April and May illustrating the wide range of borrowers considering later life mortgages. Top equity release searches included: “married couple application in single name”, “flat roofs” and ‘lodger/boarder/rent a room”. Knowledge Bank lender relationship manager Matthew Corker says: “The market is clearly going through a seismic change, with both lenders’ criteria and borrowers’ circumstances undergoing rapid shifts. “As the ‘new normal’ begins to take shape, brokers are going to need to have their wits about them – and make use of all the tools they have available – to keep pace with the changes, and continue to provide their clients with the best possible service.” Tenet Group is to provide its network members and directly-authorised clients with access to Knowledge Bank’s mortgage criteria search system. Knowledge Bank holds more than 100,000 criteria from over 200 lenders enabling brokers to search criteria across the residential, buy-to-let, equity release, self-build, second charges, bridging, commercial and overseas mortgage markets. Knowledge Bank chief executive Searches for ‘Covid-10: temporary maximum LTV restrictions’ topped four mortgage categories in April, shows new data from Knowledge Bank. The search string was number one for residential, buy-to-let, second charge and bridging. Within the residential category, ‘Internal/AVM/desktop valuations’ came second, followed by ‘Covid-10: furloughed workers.’ In BTL, the second position was also based around valuations, Users of Iress’ Xplan Mortgage software are now able to check mortgage product criteria using Knowledge Bank. Since the coronavirus issue took hold in the UK along with the various announcements regarding payment holidays, there have been 4,000 criteria changes, and before this, 9,200 in Q1 2020. “It is clearly impossible for anyone to keep Broker searches for the minimum age at which lenders would allow equity release surged in February, hinting at demand from younger clients. While typically the minimum eligible age for equity release is 55, applied to the youngest application for joint equity release mortgages, this can vary from lender to lender so is often higher. The This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. The topics in this guide include: the letters you need to send out; what to send and when; the importance of employee engagement; and what to consider as additional communication. More than ever we must display a united front in promoting our industry and helping both colleagues and clients through these difficult times UK Finance says that it expects households to continue snapping up fixed-rate mortgage products despite the dramatic cuts in the Bank of England base rate. The conclusion comes from the trade body’s quarterly household finance review and has been made because of the fact that lenders have committed to continue to offer product transfers to Paradigm Mortgage Services members in England and Wales will now have access to Ipswich Building Society’s products as the lender has lifted its postcode restrictions. From today, Paradigm member firms will be able to register with the Ipswich via its website and begin submitting business within 24 hours and use Ipswich’s intermediary portal for residential, Via mortgagestrategy.co.uk Find The Latest Skipton Mortgage Rates here Read the full article
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