If you’re self-employed, getting a mortgage can be challenging. Our blog posts in this category cover everything from how to improve your credit score to how to demonstrate your income to lenders. We’ll help you understand the unique challenges faced by self-employed individuals and how to overcome them.
House prices fall by 5%. Good news for First Timers and Home Movers. According to the Nationwide Building Society, houses on average have fallen by 5.3% in the 12 months to August 2023. If you’re looking to buy your first home or move up the ladder this should be seen as positive news. It may […]
Bank of England Base Rate Rises by 0.25% The Bank of England have increased the Base Rate to 5.25%, this is the 14th consecutive rise. At first glance this is not good news, certainly if you have a base rate tracker mortgage, but this is half what experts were predicting until we saw a drop
Bank of England Base Rate Rises(Again!) Read More »
Prospect Tree Mortgages have advised many clients how they can buy their rental property from their landlord. With times changing and landlords reassessing their options, now could be the perfect time to see if you are able to buy direct from your landlord. Can private rental tenants ask to buy the house from their landlord?
Buy your Home from your Landlord. Read More »
The June figures show a fall from 8.7% to 7.9% which was more than expected, experts were forecasting a figure of 8.2%. This is good news for borrowers as it takes the pressure off the Bank of England to increase the base rate as much as they may have done. What does this mean for
Inflation at lowest level in 16 Months! Read More »
Bear in mind that what you must pay back is a percentage of the property’s current value, not what you paid for it. If house prices are likely to go up over that five-year period, it’s best to pay off the loan quickly. The Government’s Help to Buy Equity Loan scheme is designed to help those
Should I repay my Help to Buy equity loan? Read More »
The business of being a landlord is changing fast. HMRC have made it difficult for Landlords to make a “profit” from rental for Landlords who have a mortgage. With rising interest rates, the gap between payments and rental has closed and in some cases, after tax, the rent may not cover the mortgage. Landlords are
The increasing Struggles of being a Landlord. Read More »
The Bank of England base rate has been increased to 5.0% following todays meeting of the MPC. We understand that our mortgage customers will be concerned about future increases in their mortgage payments. It has never been more important to speak to us if you have concerns about the affordability of your home going forward.
We can help with rising rates. Read More »
The Bank of England just increased the Base Rate: What does this mean for your mortgage payments? Date: 23rd March 2023 Author: Prospect Tree Mortgages The Bank of England‘s Monetary Policy Committee (MPC) recently announced that the base rate has been increased to 4.25%. This news has raised concerns for many homebuyers and those looking
Why CIS Contractors Need Specialised Mortgage Help: Exploring Your Options Are you a self-employed CIS contractor looking to buy a home? If so, you may know how challenging it can be to secure a mortgage that meets your needs. As a self-employed individual, you face unique challenges that can make it more difficult to qualify
Why CIS Contractors Need Specialised Mortgage Help: Exploring Your Options Read More »
Why partnering with Prospect Tree Mortgages is a Win-Win for Your Business At Prospect Tree Mortgages, we understand the importance of finding the right mortgage for your clients. With over 300 five star reviews, our clients can trust in our ability to provide a stress-free and effective process. As an independent broker, we have access
Referring to Prospect Tree Mortgages Read More »
