5 ways parents could help first-time buyers onto the property ladder

With house prices at an all-time high, many first-time buyers are struggling to find their way onto the property ladder.

Fortunately, whether you’re a first-time buyer in need of assistance or a parent looking to help your child, there may be strategies you can use as a family to get that first home.

Here are five ways parents can help their children onto the property ladder. Continue reading

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*******STOP PRESS ****** 95% Mortgages re-launched today

First Time Buyers can get on the property ladder with a 5% deposit.

Bank of Scotland infograph

Ahead of the Government backed scheme, that 6 lenders will be part of, Accord Mortgages have launched a 95% loan to value product this morning.

It is a 5 year fixed rate 95% loan to value at 3.99% with a £995 product fee and where needed a free valuation. There is a maximum loan of £500,000 and income loan to income of 4.49 times. We expect only clients with good to excellent credit scores will be able to apply for this.

If this product could be of interest please call the office on 0131 339 2281 to discuss.

The Edinburrgh Mortgage Team

 

Posted in Edinburgh Mortgage Advice, First Time Buyers, Government Schemes, Help to Buy, Housing Market, Purchase, Scotland | Leave a comment

What could happen to house prices in 2021?

House price predictions are famously difficult to make, as the specific circumstances that determine how things turn out will only be known in hindsight.

Nearly every prediction for 2020 will have been blown out the window by the unprecedented pandemic, seeing house prices rise in a seemingly impossible market. Continue reading

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Mortgage deal coming to an end? Why you should always speak to a mortgage broker

Is your current mortgage deal coming to an end? If so, it’s time to consider what you want to do next. There are different options available to you, from doing nothing at all and staying with your current lender, to switching your mortgage to a new lender.

Here’s why it can pay to take expert advice if your deal is coming to an end. Continue reading

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Could a longer “marathon” mortgage be right for you? Here’s what you need to know before choosing a 40-year mortgage

2020 proved to be a whirlwind year for house prices. Despite the economic slowdown caused by the coronavirus pandemic, the average UK house price rose £13,316, with the Times reporting that it reached an all-time high of £230,920. Continue reading

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Income Protection vs Critical Illness Cover – which is right for me?

Unlike life insurance, which pays out on death, Income Protection and Critical Illness Cover both offer a financial safety-net while you’re still alive.

They’re designed to reduce the financial hardship you and your family could suffer if you became ill. Continue reading

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3 reasons you should contact your mortgage broker today

Once you’ve got your mortgage, you might assume that your relationship with your mortgage broker comes to an end.

In fact, your mortgage broker can provide ongoing support in the years and decades that follow. By getting in touch with your mortgage broker, you could save yourself thousands of pounds and protect your loved ones from unexpected events. Continue reading

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3 things that could affect your mortgage in 2021

The year 2020 was one that many people would rather forget. The coronavirus pandemic wreaked havoc on our day-to-day lives, affecting our health, happiness, and finances.

One sector that experienced its fair share of ups and downs was the housing market. In spring’s lockdown, the housing market pretty much ground to a halt when social distancing measures put a stop to house viewings. Continue reading

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6 top tips to speed up the home-buying process

Finding your dream house is just the first of many steps in the home-buying process.

In Scotland, it usually takes six to eight weeks between making an offer and being handed the keys to your new pad. In England, around 12 weeks is more common, according to Propertymark analysis. Continue reading

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What is mortgage protection and do I need it?

Have you ever thought about what would happen to your mortgage if you died unexpectedly?

Without your income, there’s a risk your loved ones would struggle to make repayments or, worse, be forced to sell their home.

Continue reading

Posted in Edinburgh Mortgage Advice, Life Insurance, Mortgage Industry, Protection, Wills | Leave a comment