Stamp duty can add £10,000s to a homebuyer’s costs, but temporary changes mean many WON’T have to pay it. Until April 2021, in England and Northern Ireland you won’t pay any stamp duty on a main residence up to £500,000, while in Scotland and Wales the threshold’s rising to £250,000. This guide’s got all you need to know about how … Read More
Think Twice Before Cancelling Your Protection Policies
Life Insurance: It’s not for you, it’s for them! Life insurance is for your loved ones to make sure there is a roof over their heads and food on their table. It’s to ensure that they can continue to do the things in life you’d want them to, if the worst happened and you weren’t around. You would want to be … Read More
How might Coronavirus impact the property market?
The economy in Northern Ireland is entering its most uncertain time since the “credit crunch” of 2007/08 and many home buyers and sellers, as well as landlords are worried about what will happen to the property market. Jordan Buchanan, Chief Economist at PropertyPal writes: The housing market context since 2007/08 House prices suffered their biggest contraction on record following the 2007 … Read More
Coronavirus: what it means for our mortgage customers
The government and some of the UK’s biggest banks have announced a range of measures to help customers who face financial difficulties if they’re affected by the coronavirus outbreak. For example, homeowners can apply for payment holidays on their mortgages, renters have been offered protection against eviction and some banks are allowing borrowers to increase credit card limits and access … Read More
Mortgage Availability during the Coronavirus
Whilst there is no doubt that many lenders are struggling to manage the operational implications caused by the Coronavirus, the availability of mortgages has to date not been impacted significantly. As such, if you are looking for a new mortgage or will require a re-mortgage in the next 6 months then please do get in touch. In particular, if you … Read More
THREE-MONTH MORTGAGE “PAYMENT HOLIDAYS” OFFERED BY ALL LENDERS
Government announces three-month mortgage holiday in Covid-19 package You may be aware that on March 17, Chancellor Rishi Sunak confirmed that anyone struggling financially as a result of the Coronavirus outbreak will be able to take a three-month mortgage repayment holiday. A number of lenders had already announced repayment holidays for those affected by Covid-19, but the Government’s announcement means ALL lenders … Read More
Homeowners benefit from increased competition on mortgage packages
The true rates on two and five year fixed rate mortgages being offered by the top 10 lenders* have fallen by as much as 0.14% since January 2020. A true rate takes into account a range of different factors that can impact the mortgage rate, including the initial interest rate and the product fee being charged. Research, due to be … Read More
First Time Buyer Event 20th Feb 2020 – FREE EVENT
Thursday 20th February 5pm to 9pm Book in at our branches in Belfast, Bangor & Portadown You will have the opportunity to talk with qualified and experienced Mortgage and Insurance specialists, together with experts from other local businesses including: Co-ownership Advisors Solicitors Talk to us today… 028 9065 4555 email info@mortgagefirstni.com or request a call back from www.mortgagefirstni.com
Protecting your mortgage: Mortgage protection life assurance vs family income benefit
The decision to take out life insurance is most commonly triggered by a major life event. In this article, we will discuss how a mortgage can affect your needs for life cover, the differences between mortgage protection life cover and a family income benefit, and how they can complement each other. It’s usually at a key moment in our lives … Read More
UK banks approve highest number of mortgages since 2015
Bank of England could be more likely to leave interest rates on hold amid property upturn The number of mortgages approved by Britain’s high street banks jumped to the highest level for almost five years in December, in the latest sign of a revival in the housing market. Mortgage approvals for house purchases increased to 46,815 in December compared with 44,058 … Read More
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