25-year mortgage term no longer the most popular term length

The latest mortgage trends identify the lengthening of mortgage terms and the standard 25-year mortgage term is no longer the most popular term length. Mainstream and specialist lenders are recognising the need for more flexible mortgage terms including lending into retirement. Research provided by Moneyfacts suggests that nearly 2,800 products (57% of the entire market) …

Parental contribution for first-time buyer’s deposit increases

The news has often featured the struggles first-time buyers face and the major issue for many is raising the deposit. According to Legal & General parental contribution has now reached £6.3 billion to help their offspring get on the property ladder. Parental contribution is forecasted to reach £10bn by the end of 2019. Support to …

Tech companies are trying to fix the housing shortage they created

Companies need to consider how their growth will impact the wider community. The growth of tech companies such as Google and Facebook are driving up the cost of homes within their local area according to the independent. Google has come under fire for creating a housing shortage in Dublin and San Francisco. The big question …

At Smart Money we have First Charge Mortgage products fpr clients with an adverse credit history

Simon Says… At Smart Money we have First Charge Mortgage products for clients with an adverse credit history. Do you currently have a client with an adverse credit history? Smart Money could consider clients who have unsecured credit which could be up to two payments in arrears including CCJs and defaults. CCJs and defaults which …

The current challenges first time buyers face

As first-time buyers face difficulties entering the property market our specialist first charge mortgages may provide a solution for cases with different sources of income. According to research provided by Santander Mortgages a national survey of 5,002 first time buyers aged between 18-40 found 9 in 10 still want to get on the property ladder. …

Smart Money can provide Specialist First Charge Mortgages

Simon Says… Smart Money can provide Specialist First Charge Mortgages Introducers often forget we can offer Specialist First Charge Mortgages. After all our Specialist First Charges are not what you find on the High street. At Smart Money we recognise not everyone fits with a mainstream lender, many of whom now rely heavily on automated …

Our First Charge Residential Mortgage Lenders are not what you find on the High Street

Simon Says… Our First Charge Residential Mortgage Lenders are not what you find on the High Street. Smart Money has seen an increase in enquiries from brokers who utilise our Specialist First Charge Mortgage lending panel due to High Street Lenders declining client cases as a result of their strict lending criteria. For clients you …