Frank’s Mortgage News

The Scottish Mortgage Package

PCS (Civil Servants) Union, Foreign Office, HM Forces, Scottish Fire and Rescue Service, Scottish Police Recreation Association (SPRA): For a number of years we’ve provided our Mortgage ‘Package’ to personnel working in the above organisations – we’ve now decided to make it available to the Scottish general public as well. Why Pay for Whole of Market (WoM) Mortgage Advice? With an Edinburgh-based WoM mortgage adviser charging £995 – minimum (it can be more, depending on the amount of work involved in arranging the mortgage!) for their mortgage advice, our ‘package’ really is attractive: The Scottish Mortgage Package – Adviser Fees ...
Read More
/ / Blog

It’s Coming – Rate Rise

It’s Almost Certain – First Interest Rate Rise in TEN YEARS All borrowers who currently have standard variable rates (SVRs) or tracker mortgages have still got time – but not much – to apply for a fixed rate mortgage” before the next interest rate decision is announced on the 2nd November. There are strong predictions of a 0.25% increase in the bank rate, from a wide range of knowing commentators, none more so than Bank of England Governor Mark Carney stating that he expects an interest rate rise in the ‘relatively near term’. 43% of borrowers on Variable Rates The ...
Read More
/ / Blog

Paying £5,000 too much A YEAR for your mortgage?

Paying £5,000 A YEAR too much for your mortgage? Get a free, independent, assessment from the team at Star Mortgages. It’s estimated that millions of homeowners are wasting as much as £5,000 – a year – in mortgage interest payments, simply by failing to switch to a cheaper mortgage deal. Many of these borrowers say that the difficulties they encountered when they obtained the initial loan (lending criteria is pretty stringent these days) , has really put them off looking at other mortgage options. Many took out either a good (at the time) fixed rate, a tracker rate or a ...
Read More
/ / Blog

Budgeting For My New Mortgage – A Definitive Guide

In the excitement of buying a property, it’s easy to forget to delve into the possible fees involved, over and above the purchase price, this can sometimes lead to people getting a surprise or, as happened recently to pull out of the purchase – they hadn’t checked the amount of Stamp Duty due. This is a short article to highlight the fees/expenses you should budget for when buying a property. When remortgaging, there may be an arrangement fee and/or survey costs but more and more lenders now offer ‘fee-free’ remortgages and, if you are receiving free, independent, mortgage advice, with ...
Read More
/ / Blog

Mortgages – The Brexit Effect

Soft or Hard? Not a major decision to make when, for instance, deciding on how you want your morning boiled egg? Where Brexit, our exit from the EU, is concerned, however, speculation on our type of exit – Soft or Hard – is affecting all aspects of the UK’s financial world, mortgages included. Even when we eventually know which option we’re taking their are likely to be major ripples throughout our financial sector – including mortgages. Book that Fixed Rate?
Recent figures from the Bank of England show an 18 month low in mortgage approvals attributable to aftershocks from the ...
Read More
/ / Blog
Loading...
Call us now for a no-obligation chat.