The stamp duty holiday has been extended until the end of June, the chancellor confirmed in today's budget. Chancellor Rishi Sunak has confirmed that the stamp duty threshold will be raised to 500,000 with immediate effect. More than 1.6m borrowers taking mortgage holidays will be able to move to a new deal with their lender if their fixed term comes to an end, UK Finance announced today.
The Bank of England has cut its bank base rate to 0.1 per cent in a surprise move to the lowest point the rate has ever been. The Bank of England's Monetary Policy Committee have today made the unscheduled decision to cut the base rate by 0.5%. Typically a fee of 495 will be charged upon mortgage application but the exact amount of this fee will be dependent on your circumstances.
The Bank of England has cut its bank base rate to 0.1 per cent in a surprise move to the lowest point the rate has ever been. The Bank of England's Monetary Policy Committee have today made the unscheduled decision to cut the base rate by 0.5%. Typically a fee of 495 will be charged upon mortgage application but the exact amount of this fee will be dependent on your circumstances.
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We search from over 2,000 mortgages from leading banks, building societies and other mortgage lenders. Select Mortgage Solutions are specialist Unbiased Mortgage and Insurance brokers based in Northampton, covering the whole of Northants, as far as Beds and Bucks and, with up to date technology, we can provide a service wherever you may be in the UK.
Firstly, your annual earnings total. Mortgage lenders have different policies but they usually apply a multiple on your annual income of between 3 and 4 times. If it is a joint application they look at the combined annual earnings and apply a multiple typically around 3.5 times. Other lenders use more advanced credit models that take into account your expenditure as well as your earnings.
Taking out a mortgage is one of the biggest financial decisions you will make and with a wide range of options to choose from across the market it can be difficult to decide which type of mortgage deal is going to be right for you. Select Mortgage Solutions can help - we'll remove the confusion, give straight forward advice and a totally unbiased view.
A buy-to-let mortgage (also known as an investment mortgage) is designed for borrowers who want to let their property out to a third party (i.e. More and more people are investing in property as a long-term opportunity to make profitable returns, and as a way of securing finance for their retirement.
A capped rate mortgage puts a maximum limit on the interest rate that you have to pay. You therefore gain the security of having a 'ceiling' or upper limit to the amount that the lender can increase the interest payable on your mortgage. This period of capped interest is for a specified period only; typically between one and five years.
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