Our latest Newsletter – Hot off the press!

Caz Blake-Symes • January 6, 2018

Mortgage & Protection Issue 2 - Winter 2018

Our launch newsletter was very well received with positive feedback saying it very useful and informative. We very much hope that you will find lots to interest you in this issue too.

Some of the topics covered include:

  • The recent interest rate rise.
  • Current mortgage market update.
  • Ready to Remortgage?
  • Check your Credit Rating.
  • Protecting your mortgage and your family.
  • Making the most of your Buy to Let mortgage/investment.
  • Facts for First-time Buyers.

Please CLICK HERE to view or download your copy

Content Overview

We’ve recently seen the first rise in a decade in the Bank of England’s Bank Rate. It’s not a massive jump, but it does signal the likely direction we’re going in. That said, we remain in a low interest rate environment. So, whilst those on a variable rate are likely to see a rise in their monthly payments, it’s not too excessive at this stage and if you’re looking to change, you may be pleasantly surprised by some of the deals on offer.

In this issue, we consider this and the various borrowing scenarios that you may face, which might prompt you to assess your requirements. As part of that process, we will help navigate you through the massive array of lenders, product choices and affordability criteria, and, hopefully, protect your credit rating in the process.

Elsewhere, aside from resolving any borrowing needs, do also consider the peace of mind brought about by having suitable protection cover in place, should the unexpected occur.

The Buy-to-Let landlord may, understandably, feel somewhat unloved at the moment, with tax concerns and even more rules to contend with (the Portfolio Landlord initiative is the latest development). We set out how we can help about deals on offer, and a hand holding role for the increased paperwork.

In 2018 we may see First-Time Buyers accounting for almost half of all house purchases financed by a mortgage.

We look at some of the key drivers for this sector and where we can help.

A Relevant Life Plan is a ‘death-in-service’ policy that offers a different type of life cover, and is something for both employers and employees to consider, as it can be tax-efficient, and is more flexible than a registered group scheme.

We hope you find the issue of interest and, once you’ve had a chance to look through, do pass it onto friends, relatives or work colleagues, if you think it may be relevant to them too - or please email us their details and we we can send them their own copy.

For expert advice and more information or to book your FREE consultation please visit one of our websites, call or email.

Bristol Mortgages Online www.bristolmortgagesonline.com Tel 0117 325 1511

Bath Mortgages Online www.bathmortgagesonline.com Tel 01225 584 888

Exeter Mortgages Online www.exetermortgagesonline.com Tel 01392 690 888

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#mortgageandprotectionnewsletter

Easter Opening Hours

By Caz Blake-Symes • March 28, 2018
Happy Easter from Bristol, Bath and Exeter Mortgages Online We would like to wish all our clients, friends and business partners a very Happy Easter. Our Opening Hours will be Good Friday Closed Easter Saturday 10am - 4pm Easter Sunday Closed Bank Holiday Monday Closed

Join the race to remortgage

By Caz Blake-Symes • March 24, 2018
Borrowers are scrambling in record numbers to take out fixed-rate mortgages before an expected rise in the Bank of England base rate. This month 25 lenders, including Barclays, Halifax, NatWest and TSB, raised the cost of mortgage deals, including 11 in the past week. A total of 49,800 mortgages were arranged in January, more than in any month since November 2008, according to UK Finance, the body that represents banks and other lenders

We have an opportunity for a Mortgage Progressor/Administrator

By Caz Blake-Symes • March 12, 2018
We will shortly be looking for a Mortgage Progressor/Administrator to join our team at Bristol Mortgages Online, based at our offices at Henleaze House, Henleaze, Bristol. This is a key appointment for us and in order to get the best person for the job, we are prepared to be flexible regarding working hours and salary.

Bath Mortgages Online Has Moved!

By Caz Blake-Symes • February 26, 2018
We are celebrating our First Anniversary this month and we have outgrown our offices already!! We are very pleased to be relocating to 1 Queen Square, Bath BA1 2HA. Although many of our appointments and consultations are carried out at our clients’ homes or business premises, our new offices gives us greater flexibility if clients want to come to us, in lovely surroundings.

Are you sitting on an Interest-Only Ticking Timebomb?Are you sitting on an Interest-Only Ticking Timebomb?

By Caz Blake-Symes • February 9, 2018
Hundreds of thousands of homeowners could be at risk of losing their homes by ignoring how they will pay off their mortgage, a regulator has warned. Nearly one in five mortgage-holders has an interest-only home loan, meaning they would need savings or other funds to pay a final lump sum. The Financial Conduct Authority (FCA) said the end of these mortgage terms would peak in the next 10 to 14 years.

A Record Year for Home-movers in the UK

By Caz Blake-Symes • January 27, 2018
For. the first time, home-movers are paying an average deposit of over £100,000, with The number of homeowners moving

Bristol, Bath and Exeter Mortgages Online offering fantastic remortgage deals

By Caz Blake-Symes • January 20, 2018
Although thinking about organising a remortgage can feel like a hassle, the good news is that mortgage rates are still at incredibly competitive levels. By switching to a better deal, you could find your monthly repayments come down significantly – particularly if you've built up a decent amount of equity in your home. So, if you are soon to remortgage, let us help you through the whole process from the initial quotation through to completion.

Making Sure You get the Best Buy to Let Mortgage or Remortgage Deal

By Caz Blake-Symes • December 7, 2017
The Directors and Senior Mortgage Advisers at both Bristol Mortgages Online and Bath Mortgages Online, have expert knowledge of a host of specific Buy to Let products for investment mortgages and remortgaging purposes. Many of these lenders are specialists in this sector and will only deal with clients via specialist, independent mortgage brokers like us.

Summary of the 2017 Budget

By Caz Blake-Symes • November 22, 2017
Stamp duty and housing Stamp duty to be abolished immediately for first-time buyers purchasing properties worth up to £300,000 To help those in London and other expensive areas, the first £300,000 of the cost of a £500,000 purchase by all first-time buyers will be exempt from stamp duty, with the remaining £200,000 incurring 5%.

Change in Interest Rates

By Caz Blake-Symes • November 4, 2017
Most peoples’ mortgage deals are either fixed-rate or variable. A fixed rate deal is for a set period, whereas with a variable rate deal, the interest rate can move at the discretion of their lender. If you have been on the same mortgage deal for quite a few years now, you’re most likely on a variable rate deal. This means that unfortunately, your rate will increase with today’s base rate rise.