Manchester Mortgages received a phone from a potential client asking us to review their mortgage and existing credit commitments. The client was in their early 50’s, single with no children, employed with a salary of £38,500 per year. Client had a small shareholding in their…
Tag: mortgage
What to expect when you contact Manchester Mortgages
People contact Manchester Mortgages either by phone or by completing and sending a contact request form from our Web page. Contact by Phone – The first phone call When you ring Manchester Mortgages the phone is answered by an experienced mortgage adviser. The conversation will…
What are the benefits of remortgaging ?
It is estimated that 32% of all mortgages still remain on their lenders standard variable rate… Ok, so what does that mean??? – It means that 32% of all mortgage borrowers maybe paying too much interest on their loan and could be saving £100’s or…
Obtaining a Mortgage with High Street Rates where other brokers failed
Manchester Mortgages received an enquiry from new clients in Didsbury wanting to buy a new property. The Problem They had previously had credit problems some 4 Years ago due to a down turn in one of the clients business which meant that they had defaults…
How the size of your deposit makes a difference to the monthly cost of your mortgage
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?…
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 in April 2018 from a first time buyer living in Bury. They have 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…
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…