Trust us to pick you the right mortgage…
With so many mortgage products from so many mortgage providers it pays to take independent advice from the whole of the market.
No messing around on this one.
Santander is offering a 2-year fixed mortgage at the very low rate of 1.94%. It is available at 60% loan-to-value.
So what’s the catch? It is only available for seven days, and three of those have gone already.
If you want to fix your mortgage at a very low rate for the next two years – call us immediately!
Santander have not used this tactic for a while, but it is certainly a great rate. It comes with a fee of £1,495 and is applicable for buyers purchasing or remortgaging up to £1m.
There are more details here but if you are at all interested call Limetree immediately – the offer ends at close of business Thursday 23 May.
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There’s some good news this month for people looking to purchase a brand new flat. Accord Mortgages has increased the amount that they are prepared to lend to flat buyers.
As of May 1, the maximum loan-to-value (LTV) for new build flats has gone up to 85%. Accord has also increased the LTV for secondhand flats to a significant 90%. That leaves buyers looking for a deposit of only 10-15% – still a large amount of money, but less than it has been for some time.
Newly built flats have often required bigger deposits than many other types of property, so it is pleasing to see Accord target this market. It is particularly helpful for buyers in Cambridge, as there is a abundance of new flats being built and put up for sale.
Let Limetree Financial Services help you buy your dream flat this year. Contact us for advice.
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Halifax has launched a new range of Stamp Duty Special mortgage products, available for a limited time only. They are offering to pay 100% of the stamp duty for first time buyers.
The offer applies to a range of loan-to-value mortgages and will help many types of first time buyer – including those taking advantage of the NewBuy and Affordable Housing schemes.
Halifax’s new incentive will pay 100% of the stamp duty land tax for new buyers purchasing a property within the 1% Stamp Duty bracket (between £125,001 and £250,000). The payment will therefore amount to between £1,250 and £2,500 and will be paid to the conveyancer upon completion.
These products help to show the commitment Halifax Intermediaries have to the housing market, especially when it comes to helping buyers looking for their first home.
For full details of these Halifax products, and for details on all the first time buyer incentives currently available on the market from other lenders, please contact Limetree Financial Services.
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Since the turn of the year interest rates have started to get a lot more competitive and there are some excellent remortgage deals currently available.
As a rule, the more equity you have in your property, the better rate you will get.
So how do you know how much your property is worth?
Most of us probably think we have a rough idea, but it is always the new lender who makes the final decision. At the moment lenders have a tendency to down value a property just enough so that you don’t quite qualify for the deal you wanted, but they are still prepared to lend at a slightly higher rate. They are in business to make as much profit as possible, after all.
For example, if you think your house is worth £200,000 and you owe £140000, you would qualify for a 70% loan-to-value mortgage. But if the lender decides they think it is only worth £195000, you no longer qualify for that deal.
It is very difficult to contest a valuation that a lender puts on a property. They will usually want comparable proof of a similar property that sold on the same street within the last couple of months. If you can’t provide that evidence, you are stuck with their valuation.
If you are thinking of remortgaging, have a look to see if your property is on the borderline of the required loan-to-value. Although a lender’s surveyor will rarely give you the benefit of the doubt, Limetree Financial Services will do everything it can to get you the best remortgage deal possible.
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Equities outperform bonds and US growth accelerates
The headlines from Prospect Wealth Management’s latest quarterly Investment Prospects:
- Equity markets outpace bonds so far this year, as we expected.
- US growth is accelerating despite tax increases and spending cuts.
- UK budget does little to stimulate growth and the outlook is for just 0.6% GDP growth this year.
- Japanese equities have been a significant contributor to performance this year.
Although global growth has been insipid so far in 2013, the US, UK and Japanese stock markets have performed strongly as the outlook for company earnings growth remains positive. European equities disappointed as progress on bank restructuring stalled and the Italian election produced a public rejection of the austerity policies of the technocrat governent of Mario Monti. This episode, along with the recent crisis in Cyprus, shows how difficult it is to implement the restructuring Europe needs to deal with its debt overhang and for the Mediterranean South to become competitive with the North…
Download the full Investment Prospects March 2013
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