Most of us would assume that when the Bank of England (BoE) cuts its rate of lending, then interest rates for the public will also fall. Yet this has not been the case since Mr. Carney decided to cut the BoE rate following the Brexit vote. Banks fund their lending from a mix of sources;.. read more →

Express Mortgage Services Ltd and its financial business partners work hard to protect you, and last year alone, the UK’s banks and financial service providers stopped 70% of attempted fraud from actually happening. Unfortunately though, the 30% that did happen cost the nation a staggering £755 million. To try and bring this figure down, a.. read more →

One of the fastest growing sectors in the mortgage industry is that of equity release. A growing number of homeowners are accessing the cash (equity) tied up in the value of their homes, for a variety of reasons such as: Repaying a mortgage Supplementing pension income Gifting to family e.g. deposit for a house Home improvements Dream holiday.. read more →

25 Aug 2016
August 25, 2016

Record Low Mortgage Rates

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Interest Rate Cut The Bank of England recently cut its base rate to 0.25% from 0.5%. The effect of this varies by the type of mortgage you have. A tracker rate will track the Bank of England base rate, typically above a given percentage, thus a change in the Bank of England base rate downwards.. read more →

As a result of regulatory recommendations, Nationwide, Barclays, TSB and Coventry Building Society have slashed the amount available to borrow by raising rental income requirements for BTL purchase and remortgage products. More lenders are under pressure to follow suit. Earlier this month the Daily Mail online surveyed 85 towns and cities across the UK finding.. read more →

What is changing? The amount you can borrow on a BTL property has been reduced by 4 major lenders in anticipation of regulatory changes. As an example, on a property yielding a rental of £800 per month the maximum borrowing with these lenders will be reduced by around £20,000. This could affect a borrower’s ability.. read more →

Brexit “will force rates up to 3.5pc within 18 months” warns the Bank of England’s (BoE) latest recruit to the Monetary Policy Committee. Michael Saunders. The ex-Citibank economist, who is set to join the rate setting organisation this coming August, believes Brexit will see a collapse in the pound which will lead to a swift hike in inflation… read more →

After much encouragement from the major lenders we have put forward two of our hard working staff for awards at the BMA 2016. Stephen Darbyshire (our Director of Specialist Lending) has been nominated for Best Broker: Buy To Let and Ruth Huntley Jacobs (our Director of Operations) has been nominated for Technology Advocate If you agree with the nominations.. read more →

Already this year, there have been a number of changes in the mortgage application process, but three areas in particular seem to have the biggest impact. The good news is that all three are a positive step by lenders to ease mortgage criteria and open up options that that could save you money on your mortgage borrowing or associated.. read more →

A recent industry wide survey by the Intermediary Mortgage Lenders Association (IMLA) demonstrates that Express Mortgages is one of the top performing brokers within the UK. On average, a Mortgage Broker will complete 69% of all applications they submit on behalf of their clients. Of course many brokers complete an even lower percentage of applications,.. read more →