The Mortgage market is open for business
Contrary to some reports the Mortgage market is open with lots of deals available, particularly for those with 25%-40% deposit for a purchase or equity in your property if looking to re-mortgage.
5 year fixed rates are now available from 1.44% and 2 year rates from 1.19%
For borrowers already on tracker rates, they will be receiving the full benefit of those reductions, but new borrowers will find the either the differential has increased or the product fees are a lot higher. This is where Lyndhurst can help advise, because the cheapest rate is not always the best deal overall.
Lenders are using online valuations, wherever possible to streamline and speed up the process.
If you are looking to remortgage, using Lyndhurst should be a more efficient process than going direct to your lender. Our lines are open and we are ready to help. We can follow the application through to the lender on your behalf.
If you are interested then please get in touch.
Interest Only Mortgages
Nationwide have re-entered the INTEREST-ONLY market for RE-MORTGAGES only.
My understanding at the moment, is this is only available through Mortgage Brokers therefore you can’t get the same deal going directly to Nationwide.
Conditions apply and it is only available for applicants with a single income of £75k + or joint income of £100k+.
Also there needs to be between £200k-£300k equity in the property depending on the location.
If this is something that you feel may be suitable for your circumstances and you would like to find out more about, please get in touch.
Kind regards
