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Self-employed mortgages and financial products
Mortgage lenders to lower fixed-rate mortgages
By Amplo Mortgages and Financial Solutions
The last 12 months have seen significant changes in the mortgage market. Anyone considering applying for a mortgage will have found this time especially daunting, especially if navigating…
Mortgage nightmare: how millennial freelancers can avoid one
On average, mortgages cost £663 a month, with 16% of people paying over £1,000*.A Millennial buying the average house at the age of 30 today, with a 10% deposit, and a 6.07% mortgage would have a monthly payment of £1,706. Only 4% of…
A UK property crash is “unlikely” says expert
The Zoopla House Price Index shows rising mortgage rates will impact household buying power by 28% if rates reach 5% by the end of the year (assuming buyers try to keep the same monthly payments).The UK is shifting to a buyers’ market, as…
“Things are about to get spicy”: is now the right time to secure a self-employed…
With the odds of the MPC hiking rates again in an emergency meeting this week shortening after Sterling's all-time low against the Dollar, mortgage brokers offer their market observations.
Do mortgage brokers think lenders will…
How to budget for higher mortgage rates when you’re a freelancer
How will interest rate rises impact my monthly mortgage payments? This is what all home-owning or soon-to-be homeowners should be asking themselves, especially if they have fluctuating incomes.
Higher interest rates will start to feed…
Self-employed and buying a newbuild? Here’s how to avoid “dodgy” developer tactics
Buying a property is probably one if not the, largest financial commitment you will make. So, what should you do if you are in the market to buy a swish newbuild property and developers are breathing down your neck to exchange contracts?…
Barclays enters self-employed mortgage market
Kensington Mortgages, a specialist mortgage lender that caters to the self-employed, has been sold to Barclays Bank UK PLC. The sale follows an auction process that attracted a broad range of bidders, highlighting that the freelancer…
Mortgage affordability checks to be scrapped
Is the Bank of England’s axing of mortgage affordability ‘utter madness’?
Following a consultation, the Bank of England's Financial Policy Committee FPC has decided to withdraw the affordability test Recommendation with effect…
When is it worth paying early redemption charges on a fixed-rate mortgage?
If the Bank of England rate hits 1.5%, it could mean more than a third of people with variable-rate mortgages face difficulties.Meanwhile, with 1.5 million fixed-rate mortgages set to expire this year, more than a third could face…
Sole director contractors warned they could be limited to unaffordable mortgage rates
Mortgage lenders including Santander have announced that they are changing their affordability calculations on 6 April, taking into account not just rising energy bills and household expenditure as per the revised ONS data, but also the…