Prospect Tree Mortgages

Mapps Estates Launches in Hythe, Folkestone and surrounding areas Despite all the doom and gloom surrounding us moment, we need to remain positive. There will be light at the end of the tunnel and life has to go on. For many businesses and industries, there is an element of the unknown, but this will pass. […]

Equity Release – Lifetime Mortgages What is a Lifetime Mortgage? A Lifetime Mortgage is when you take out a mortgage secured on your property, provided it is your main residence, while retaining ownership. You can choose to ring-fence some of the value of your property as an inheritance for your family, you can also choose

What is Home Reversion? A Home Reversion Mortgage is when you sell part or all of your home to a Home Reversion provider in return for a lump sum or regular payments. You have the right to continue living in the property until you die, rent free, but you have to maintain and insure it.

Are you financially prepared for a mortgage? Applying for a mortgage successfully is not luck. There are two major factors you need to be in control of, Budgeting and unsecured debt. Taking control of these areas will help you in your mortgage application as well as in your day to day financial life.  Budget First off

What to do when your mortgages fixed rate comes to an end Not all the things on our to do lists fill us with excitement at the thought of crossing them off when completed. Reviewing your mortgage is certainly not the most exciting item for most people.For many of us, our biggest monthly expense is our mortgage

What to Expect from Prospect Tree Mortgages as Your Mortgage Advisor Whether you’re a first-time buyer, looking to remortgage, or simply want to explore your options, we’re here to help. Our Mortgage Advisors have the expertise to guide you through the process and find the right solution for your unique circumstances. Understanding Your Situation and

Mortgage valuations explained The mortgage valuation is based on the surveyor’s knowledge of comparable prices in the locality. It may also give a “minimum reinstatement value”, which is the amount of money it would take to rebuild the property from scratch, should it ever be necessary. The mortgage lender will also ask to see evidence

Joint borrower, sole proprietor mortgages explained What is this new type of mortgage I hear you shouting from the stalls?​​Well, it’s a way of First Time Buyers increasing the amount available to borrow by including a parent or guardian in an affordability calculation, all whilst not sharing or diluting the ownership of the child’s first home.  If

40 year mortgages: too long, or just right? The length of mortgage terms has always been a hot topic. But with the likely age of retirement reaching new highs, and lenders criteria also as strict as ever, a longer term seems inevitable to many new borrowers. There are a number of factors contributing to the

What is an Agreement in Principle and do I need one? So you’re thinking about buying a place of your own? It’s a complicated process, knowledge is power, and it really helps if you understand the ins and outs of every aspect of the procedure properly. Here’s what you need to know about a mortgage