The past couple of weeks have been a whirlwind and it has been hard to keep up with the news. At the time of writing this blog the Bank of England have just slashed interest rates to record lows of 0.1% in a bid to support the economy during these uncertain times. The Bank of …
A Second Charge Mortgage could be used for home improvements
A Second Charge Mortgage could be used for home improvements… • Clients wanted £27,000 for a kitchen and bathroom refurbishment, garden landscaping and general decoration of their property and to repay Mrs’s Barclaycard balance of £3,000. They also did not want to increase their overall monthly outgoings too. • The existing mortgage was in Mr’s …
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COVID-19 Update
Good Morning, We wanted to update you on our situation with regards to the Covid-19 pandemic. At present we are operating as normal and we will update you accordingly. We are closely monitoring the situation and adhering to guidance set out by the UK government. We have taken the decision to halt face to face …
Extraordinary Times we live in
The world health organisation has now declared COVID-19 as a pandemic. This week has seen extraordinary measures taken around the world trying to contain and delay the virus. At the time of writing this blog America has now implemented a travel ban into the country from Europe. We live in extraordinary times at the moment! …
Strong start to 2020 for the Property Market
The start to 2020 has been strong for the property market due to a more favourable political landscape which has boosted buyer sentiment. Mortgage approval numbers have reached 70,900 in January 2020 which is the highest level since February 2016 provided by the Bank of England. According to Nationwide house price growth has reached its …
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Smart Money provides Second Charge Mortgage for client with adverse credit history
Smart Money provides Second Charge Mortgage for client with adverse credit history within 15 working days from the initial enquiry. We recognise perfection does not exist and when a re-mortgage is not feasible a Second Charge Mortgage could be the most suitable alternative. Working with our broad range of specialist lenders we match your client’s …
Second Charge for Home improvements
Smart Money can provide a Second Charge Mortgage for refurbishment purposes. At Smart Money we are noticing a growing trend for clients using Second Charge Mortgages for renovation purposes. The rise in popularity for the use of Second Charge Mortgages are due to clients deciding to stay put in their existing home. The cost of …
Second Charge Mortgage For Tax Bills
A second charge mortgage could be used to pay off your client’s tax bills. A typical scenario is the client may have set money aside to pay the tax bill on time, however an unforeseen circumstance has occurred. The need for a fast turnaround is often needed to meet the deadline and avoid a hefty …
Second Charge Mortgage to raise money for BTL
Smart Money completes a second charge mortgage to raise money for a Buy-To-Let property. One of our most recent cases the brokers client wanted to raise money to purchase a buy-to-let property. The solution was a second charge mortgage for £300k at an interest rate of 5.15% on their existing property. The most important factor …
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A trip back in time
House prices since 1845 have seen a roller coaster of price changes from the Victorian and Edwardian era, through two world wars which then led to the post-war boom. During the period of 1845 to 1920 house prices declined consecutively which then seen a rebound after 1920. House prices are often described as very expensive …
