Thank you to everyone who helped us to celebrate our second birthday last month. It has been a fantastic two years – in that time we’re incredibly proud to have helped arrange over £115million of mortgage loans for first-time buyers, property investors, remortgage customers, and people wishing to upsize, downsize and relocate.
To mark the special occasion we made donations to our three charities of the year, all of which have a very special place in our hearts - JDRF, Katherine House Hospice, and Cancer Research.
Protection NEWS & UPDATES
This month we launch our brand-new Life Insurance free online quote service. Through our website you can now get an instant life insurance quote that is quick, simple and free. Search and compare quotes for products based on an analysis of a number of insurers and find out about the free additional benefits available. Our life insurance calculator can help you work out how much cover you may need to protect your loved ones and keep your home safe should the unexpected happen. Simply enter a few details about your lifestyle and living circumstances to find out how much cover is right for you.
· Quick, simple and FREE
· Get an instant quote in less than 60 seconds
· Easy online quote process to provide you with an idea of costs
· Search and compare quotes for products based on an analysis of a number of insurers
· Find out about the free additional benefits available
MORTGAGE NEWS & UPDATES
NEW DEPOSIT UNLOCK SCHEME FOR NEW BUILD PURCHASES
What is Deposit Unlock?
● A brand-new scheme devised in collaboration with lenders and the housebuilding industry.
● It enables first-time buyers and existing homeowners to purchase a new-build home with a 5% deposit.
● It provides customers with competitively priced mortgage products and makes buying a new home more affordable.
Whare are the benefits of Deposit Unlock?
● You can buy a new home with a 95% mortgage.
● The scheme allows customers to access a low deposit mortgage at competitive interest rates.
SOURCE - HOME BUILDERS FEDERATION
NATIONWIDE JOINS 95% LTV DEPOSIT UNLOCK SCHEME
Nationwide Building Society has become the largest lender to sign up to 95% LTV lending through the Deposit Unlock mortgage indemnity scheme.
It joins Newcastle Building Society, which has already joined the initiative developed by housebuilders, lenders, and insurers.
The Deposit Unlock scheme is designed to open up the new-build market to borrowers with small deposits and, unlike the Help to Buy scheme, it is available to second steppers as well as first-time buyers.
It is set to provide an alternative for homebuyers when the Help to Buy Equity Loan scheme comes to an end in March 2023.
The scheme is available through mortgage brokers on standard new-build loans of between £25,000 and £750,000.
Borrowers using Deposit Unlock will have access to the Nationwide’s range of 95% LTV mortgages, currently starting from 2.89%, which they can use to buy a house or flat.
SOURCE - MORTGAGE STRATEGY
GOVERNMENT RELEASES £58M TO BUILD 5,600 HOMES ON BROWNFIELD SITES
English councils will be handed almost £58m to build 5,600 homes on brownfield sites for sale to young people and families, the government says.
The move will see new homes “built on underused and derelict land to regenerate local areas and help people onto the property ladder”, says the Department for Levelling Up, Housing and Communities.
SOURCE - MORTGAGE STRATEGY
HOUSE PRICES WILL JUMP 30% BY 2031: COMPARETHEMARKET
Record house prices mean the average UK home will jump by 30% over the next decade to hit £323,718, according to forecasts by Comparethemarket.com.
Prices in Greater London are predicted to lift 33% to £619,568 by 2031, says the price comparison site, which used Office for National Statistics house price data going back to 1992 combined with its own forecasting model.
The firm also said that the average age of a first-time buyer will jump to 34.7, from 33 this year. In London, the average age of someone getting on the property ladder will rise to 37 from 35 currently.
The average UK home rose at its fastest monthly rate since 2007 in September, increasing by 1.7% to a record £267,587 and by 7.4% year on year, according to the latest Halifax House Price Index.
SOURCE - MORTGAGE STRATEGY
LEARN ABOUT OUR REFERRAL SCHEME
We know there is no higher praise than you recommending us to your friends and family. Our referral scheme is our way of saying thank you to our loyal clients. Recommend Stratton Thorpe Mortgage Solutions to your friends and family and receive a £50 Amazon voucher as a thank you.
Find out more about how you can qualify and start referring today.
RECENT REVIEWS
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