What is a Desktop Valuation As the name suggests, desktop valuation is done at a desk rather than having a person to physically view, inspect and analyse the property. It is done using information that is publicly available online, as well as using existing data the...
Learn more about your mortgage and how to get the best deals.
Why now is a good time to buy a house?
Why is now a good time to buy a house? I have two children. They’re 8 and 4 and absolutely bonkers. But, despite the tantrums, the early morning starts and the relentlessness of the morning school run – I love them. Having kids, for me, turned out to be a great...
Why we don’t sell Life Insurance
At My Simple Mortgage, the experts you speak to are called Mortgage & Protection Advisers. And whilst the mortgage part is pretty obvious, it might not be so clear what we mean by protection. So we wanted to explain why it’s in the job title, why it’s so important, and why it’s not something we “sell.”
Remortgaging to save money – Consolidating all your other debts
Simply put, consolidating your debts means you take out one loan and use it to repay all your other smaller loans, giving you a single, lower monthly repayment.
Trusted Advice
Back in “the day” when you wanted a mortgage, you would put on your best outfit, and arrange a meeting with the bank or building society manager to ask for the money to buy your house. If you were charming, polite, and he was feeling generous, you would walk out proud homeowners.
Applying for a mortgage after furlough
The government’s furlough scheme was monumental not only in its size and scale, but also had ripples throughout every industry that deals with income and employment. The mortgage market is no different, and it is not hard to see why. One of the largest, if not THE largest part of a mortgage application is understanding, presenting, and proving people’s income. So how will your mortgage application be affected now that the scheme is coming to an end, and you are returning to work?
Stamp Duty Changes
For the vast majority of people, moving home or purchasing your first home just became a little cheaper, and a little less complicated
Property Search Overseas Has Seen A Spike Since Lockdown
According to the property portal, Rightmove; data shows that searches for overseas property in May reached their highest point for the year – a 33% increase compared to May last year.
COVID-19 – Do I really need a bigger deposit?
As a result of the recent pandemic, lots of lenders have made changes to the products (range of loan types and interest rates) available. The biggest change you may have seen is the removal, or reduction in the number of mortgages available to people with only a 5% or 10% deposit.
When your current deal ends… Product Transfer Vs Remortgage
So, your current mortgage fixed rate is coming to an end, and you’ve had either a phone call from your adviser or a letter from your bank telling you this. So what next? Why does it matter, and what can you do about it?
COVID-19 – Can I remortgage while self-isolating?
COVID-19 - Can I remortgage while self-isolating? There could be many reasons why you need to remortgage, and whilst the current crisis is taking place, lots of people have been giving some thought to how they might reduce their monthly outgoings – a key factor in...