Lyndhurst are pleased to announce that we have invested in technology powered by Trigold Crystal for our Website users to source mortgages online. You can now enter your criteria and see the current mortgage deals available to you. You can enquire for further details and one of our mortgage advisers will contact you. As always the initial telephone conversation or meeting is at our expense so you can find out the information you need prior to proceeding with any deal. This service is available on our mortgage pages, see the mortgages tab or www.lyndhurstfm.co.uk/mortgages/
Archive for the ‘Mortgage Rates, News and Information’ Category
Mortgage Rates, Calculators and Deals
Tuesday, August 24th, 2010Fixed rates at all time low = Fix your mortgage NOW !!!
Wednesday, June 23rd, 2010BoE split on interest rate decision
23 June 2010
A member of the Bank of England’s Monetary Policy Committee last night voted for rates to rise to 0.75% from 0.5%, MPC minutes reveal.
The Governor invited the Committee to vote on the proposition that:
- The Bank Rate should be maintained at 0.5%.
- The Bank of England should maintain the stock of asset purchases financed by the issuance
of central bank reserves at £200 billion.
Seven members of the Committee (the Governor, Charles Bean, Paul Tucker, Spencer Dale, Paul Fisher, David Miles and Adam Posen) voted in favour of the proposition.
Andrew Sentance voted against, preferring an increase in Bank Rate of 25 basis points.
The 7-to-1 majority means rates are kept at 0.5% for the 15th consecutive month.
Buy-To-Let Mortgage Deal
Monday, May 24th, 2010BUY-TO-LET PURCHASE-REMORTGAGE
The Mortgage Works (a part of Nationwide Group), the only buy-to-let lender up to 80% LTV
· Maximum term up to 90 years old
· No income requirements
Contact Ilker at our East Barnet branch for more details on this or any other mortgage deal. Rates updated daily! Telephone 0208 447 5592
Fixed Rate Mortgage Deal
Tuesday, May 18th, 20104 year fixed from 3.99%
Call us on 0800 435648.
Nick Mann
Mortgage Consultant
Free Financial Review
Monday, April 12th, 2010- When did you last review your financial situation?
- Have you assessed your attitude to risk and do you understand the importance of doing so?
- Do you know where you company pension is invested?
- Have you reviewed the amount of protection you have or need including life insurance, critical illness cover and income protection?
- Are you aware of the new ISA limits are are you utilising your tax breaks effectively?
- What is your current mortgage rate? Could you benefit from a mortgage review if not for savings for piece of mind?
Our free financial review will help you to answer all of the above questions and put you back in control of your finances. We have experienced independent financial advisers who would be happy to arrange an appointment at our offices or at your home,whichever makes you feel more comfortable. They can gain an understanding of your personal goals and plans through to retirement or during retirement and make your investments work for you. With taxes on the increase it is important to make the most of your tax breaks and an effective financial plan can help do this.
If you are looking to save money on your mortgage ask for one of our mortgage and protection specialists who can source the best rates in the market on that day.
Call us on 0800435648 and ask for an expert.
Cracking Remortgage Deals for people on SVR
Friday, March 19th, 2010Remortgage now and save money!
There are some good deals for remortgages currently for people who are on their lenders standard variable rate.
Speak to Nick Mann one of our mortgage consultants nickmann@lyndhurstfm.co.uk 01582 715777
Nationwide to Withdraw Income Multiplier
Thursday, March 4th, 2010Nationwide for Intermediaries has announced that from tomorrow it will no longer use its income multiplier tool as part of its assessment of a borrower’s affordability.
Instead, it will be taking a more personalised approach and introducing a new calculation which will vary from case to case depending on the client’s individual circumstances.
The system will take the net disposable income, apply further deductions for household costs, and use a calculation that will also take account of factors such as LTV.
It will no longer allow payment holidays and borrow back features on any new Nationwide products reserved from March 4.
Borrowers will still be able to overpay and subsequently underpay, as well as extend the mortgage term to reduce payments if their repayment type is capital and interest.
They will also be able to convert to interest only, as long as a acceptable repayment vehicle is in place.
Nationwide for Intermediaries is also renaming its reservation fee to product fee, which it says is designed to help distinguish the fees when using product sourcing systems.
A spokesman for Nationwide, says: “We have always been a cautious lender where we assess what an individual can afford to repay and we are continuing to be prudent. Our calculation now takes an even more personalised approach to assessing the amount we will lend.”
FSA Money Made Clear - Stamp Duty Calculator
Monday, March 1st, 2010When browsing the FSA Money Made Clear Website today I found a Stamp Duty Calculator link to a page hosted by unbiased.co.uk
If you are looking to buy a property and are unsure of the amount of stamp duty you will have to pay you could use this tool, or better still call one of our mortgage advisers who can answer all your questions on freephone 0800 435648.
FSA Money Made Clear - Mortgage Calculator
Friday, January 29th, 2010
Speak to a Mortgage Expert or view www.lyndhurstfm.co.uk/mortgages/ to source deals online.
You may have come across the FSA’s money made clear pages. These are designed to help the consumer in various aspects of financial advice and contains usefull easy to use calculators.
One of those is a mortgage calculator. You may wish to use this tool as a guide to see how much you can afford to borrow. Obviously the amount you can borrow is restricted by the lender criteria, but you will be able to calculate the monthly interest and repayment figures using various percentages based on the loan amount.
For more detailed information about mortgages, rates and lender criteria please contact your financial adviser or see our blog posts http://www.lyndhurstfm.co.uk/blog/category/mortgages/ for current best rates and deals.
Abbey Launches New Mortgage! 2.69% Tracker
Friday, November 27th, 2009Abbey has launched a two-year tracker at 2.69% and cut other tracker deals by up to 0.3%.
The product is available at 70% LTV with a £995 booking fee and free legal fees and valuation.
The lender has also cut its home buyer two-year tracker by 0.25% to 2.94%, available up to 75% LTV and with a £995 booking fee, and cut its remortgage two-year tracker by 0.3% to 2.99% with the same £995 booking fee.
Contact us now for more details 0800 435648
Mortgage advisers in Harpenden, Barnet, Hertfordshire and London.
