Payam Azadi

Is getting an Interest only mortgage a bad idea? An interest only mortgage does want it says on the tin, you are not repaying the money you’ve borrowed, simply paying for the privilege of doing so. Its’s common for a residential mortgage to be … [Read more...] about Interest only mortgage – Is it a bad idea?

How taking out a Repayment Mortgage will affect you. With a repayment mortgage you are repaying the loan instalments, along with interest being charged for borrowing the money, so that at the end of the term you have paid off the mortgage in full. … [Read more...] about What is a repayment mortgage?

Furloughed what happens with getting a Mortgage I am a professional Mortgage Broker and in this article I cover the topic of furloughed workers in relation to obtaining a mortgage. I don't know about you but until a few weeks ago I was unware … [Read more...] about Furloug Mortgage Process

Property visits by Surveyors are suspended under Government “stay at home” guidelines. What this means for all Mortgage Valuations & Surveys. Many lenders have pulled back from hight to loan to value lending. but some can run desktop … [Read more...] about Mortgage Valuations Problems during COVID 19 Crisis Tips on what to do.

So how will this affect Mortgage rates Variable mortgage holders rejoiced as they woke up this morning to the news that Bank of England has reduced Bank Base Rate to 0.25% from 0.75%. It is estimated £1million households should feel the benefit … [Read more...] about Bank of England’s Interest Rate Reduction

What happen’s after we have secured formal Decision In Principle (DIP)? … [Read more...] about What’s next after a Decision In Principle (DIP)?

What is the basis of Mortgage Lenders affordability Calculations How National Statistics has become part of the mortgage assessment. Mortgages are loans against a property, and importantly failure to keep up with repayments can result in losing … [Read more...] about Mortgage Lenders Affordability Calculations