In this article we take a close look at how the monthly cost of your mortgage varies dramatically with the size of the deposit you can put down when you buy a house. Lenders lend in Loan To Values ( What is Loan To Value?…
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The importance of your credit history and your credit file
How important is your credit history and what’s the significance of your credit file ?? In this revealing case study, Manchester Mortgages look at a real-life case that highlights just how important these two items are when applying for a mortgage. CLIENTS SITUATION Our clients…
Self employed first time buyer with a declining profit
A CASE STUDY CLIENTS SITUATION Manchester Mortgages received this enquiry through our contact page on our web site. Our client was a First Time Buyer who had been self employed for the last 3 years in TV production and was in their mid 30’s had…
August 2018 - Another rise of 0.25% in Bank of England Base Rate
The Bank of England have increased rates for second time in 10 years meaning interest rates are now the highest they have been for 9 years. Homeowners who bought their properties 10 years ago will now experience for the second time the effect of Bank…
Getting a mortgage for a First Time Buyer
Manchester Mortgages received a mortgage enquiry from a first time buyer living in Bury. They had been renting for the past 4 years and felt that it was a good time to be looking to get on the property ladder. They had been to their…
How to get a mortgage on a 'difficult' property
Certain types of residential property are seen by many mortgage lenders as ‘difficult’ and many will not lend money against them. If your dream home happens to be classed as ‘difficult’ you may struggle to get a mortgage. That’s where we come in… Imagine the…
Interest Rates expected to rise as early as May
It is expected when the Bank of England’s policy committee meet in May that they will agree to increase interest rates. Since the beginning of March a number of Lenders including Halifax, Nationwide Building Society, Santander and NatWest have increased their rates on 2 Year,…
Mortgage Application Checklist
When applying for a mortgage it is vitally important that you have all the correct information available to present to the Lender and also be able to provide evidence of the information supplied. What information does a lender require ? All lenders have different criteria…
Purchase of a property with a poor credit history from a deceased family member
Manchester Mortgages received this message via our contact form on our Web page – “Myself and my boyfriend are looking to get a joint mortgage together. We have tried numerous banks/building society’s but we keep getting knocked back due to my bad credit history. My…
Re-mortgage with debt consolidation saves client £ 1,150 per month
CLIENT’S SITUATION Manchester Mortgages received a phone from a potential client asking us to review their mortgage and existing credit commitments. The clients were in their mid 40’s with four children, clients were both employed with a joint income approaching £60,000 per year. Their property…