Blog

Our thoughts on the market this month…

  • Life Protection in the UK

    Life Protection in the UK
    Protection in the UK – Life insurance has become a big talking point over the last year with the Covid-19 Pandemic causing many to think more about the fact that the unthinkable can happen and very unexpectedly at that. The UK appears to now be past the ‘second wave’ that came over the country but many ...
    read more...
  • Mortgage Lending Highest in Five Years

    Mortgage Lending Highest in Five Years
    According to data collected by the Bank of England, gross mortgage lending in February was higher than any month in the last 5 years. The gross mortgage lending for February reached £27.7 billion which is 19% higher than this time last year and 13% higher than the £24.5 billion figure for January. Buyers sought not to miss ...
    read more...
  • Meet The Team – Rachel

    Meet The Team - Rachel
    Rachel Lummis is the Business Owner and Lead Adviser at Xpress Mortgages. She is is CeCM, CeRGI and CeMAP qualified and is very well known in the industry and respected for her work. She is a regular contributor to industry publications Mortgage Solutions, Mortgage Strategy & FT Advisor and has been recognised in her ...
    read more...
  • UK Budget 2021- Extended Stamp Duty Holiday and 95% Mortgages

    UK Budget 2021- Extended Stamp Duty Holiday and 95% Mortgages
    Last week, the government confirmed plans to cover the risk of 95% mortgages by introducing a guarantee for lenders. The news was announced by Chancellor Rishi Sunak when delivering the much-anticipated yearly budget that included further coronavirus support in the form of extended furlough and access to grants for the self-employed, sharp rises in corporation tax, ...
    read more...
  • Meet The Team – Emily

    Meet The Team - Emily
    Emily joined Xpress Mortgages at the start of 2020 with a wealth of experience having progressed from mortgage advice and protection to wealth management and financial planning whilst at HSBC. After a career break, Emily returned to the financial services industry as a Mortgage Paraplanner, joining Xpress for a better work-life balance. What role do you ...
    read more...
  • Will I Be Accepted For A Mortgage?

    Will I Be Accepted For A Mortgage?
    At Xpress Mortgages, we are pleased to say we have helped many homeowners step onto the property ladder. One of the most common questions prospective property buyers ask us is “will I be accepted for a mortgage?” It is a reasonable question, as lenders vet applicants closely, and many people find they are unable to arrange ...
    read more...
  • 6 Steps To Buying Your First Home In 2021

    6 Steps To Buying Your First Home In 2021
    If you are determined 2021 will be the year you buy your first home, the sooner you start the process, the better. There is a lot of work to consider when looking to buy property, especially for the first time, but it is helpful to break it down into steps. It will not surprise you to ...
    read more...
  • Number Of Mortgage Approvals Made To Home Buyers At 13-Year High

    Number Of Mortgage Approvals Made To Home Buyers At 13-Year High
    If you are looking for actionable signs from the property market, it is always useful to look at what the Bank of England says. In recently released figures, they show that the number of mortgage approvals made to property buyers reached a 13 year high in November 2020. Around 105,000 property loans for a home purchase ...
    read more...
  • Meet The Team – Angela

    Meet The Team - Angela
    Xpress Mortgages celebrated their 15th Birthday last week, as well as passing 150 5-Star Google Reviews! In order to mark the occasion, we will be reintroducing our team one by one so that we can help our clients put a face behind the name during these unprecedented times in which very few come to ...
    read more...
  • The Best Small Broker At 2020 Mortgage Strategy Awards

    The Best Small Broker At 2020 Mortgage Strategy Awards
    We are absolutely thrilled to share with you, that we won The Best Small Broker Award at the 2020 Mortgage Strategy Awards. This is one of the leading events in the mortgage sector, and it isn’t an exaggeration to say this is the Oscars of Mortgages! In explaining our victory, we were described as: “The winner ...
    read more...
  • Most UK Mortgage Approvals In 13 Years

    Most UK Mortgage Approvals In 13 Years
    Bank of England figures indicate that lenders in Britain approved more mortgages in October 2020 than they had in 13 years. This is further positive news that the UK mortgage and housing market is set to end on a high. Mortgage approvals for property purchases reached 97,532, which was higher than the 92,091 which was reached ...
    read more...
  • Expert Suggests UK Mortgage Market Primed For Brexit

    Expert Suggests UK Mortgage Market Primed For Brexit
    News that a vaccine for the COVID-19 pandemic will hopefully be ready for use is positive news for people looking ahead to 2021. Of course, there are many challenges in the months which lie ahead, and it is impossible to overlook Brexit. The housing market, as well as the mortgage sector, will be affected like every ...
    read more...
  • Mortgage Options Expanding For December 2020

    Mortgage Options Expanding For December 2020
    As we head towards the end of 2020, it appears as though mortgage products are returning to what many people would regard as normal. This has been an extremely challenging year for the mortgage sector, so the return of more mortgage products to the market is very welcome. YBS is offering a greater range of options The ...
    read more...
  • Nationwide Expanding Access To 90% LTV Mortgage

    Nationwide Expanding Access To 90% LTV Mortgage
    Anyone looking for assistance in arranging a mortgage will be pleased to learn the Nationwide Building Society is looking to increase access to their range of higher loan-to-value mortgage lending. The company will implement these changes from the second week of December. The Nationwide is set to provide the same range of 90% LTV loans to ...
    read more...
  • Tips For A Faster Mortgage Approval

    Tips For A Faster Mortgage Approval
    The stamp duty holiday has encouraged many people to be active in the property market, and this means many people are applying for a mortgage right now. The significant increase in mortgage applications, and the pressure the mortgage sector is under right now due to Covid-19 related issues, means there is likely to be a ...
    read more...
  • Who Are The Fastest Mortgage Lenders Right Now?

    Who Are The Fastest Mortgage Lenders Right Now?
    With the Chancellor stating there will be no extension to the stamp duty holiday, which will end on 31st March 2021, many prospective buyers are now weighing up their options. While it would be nice to receive the financial saving associated with the stamp duty holiday, many buyers are facing up to the fear of not ...
    read more...
  • Equity Rich Mortgage Applicants Enjoying Great Rates

    Equity Rich Mortgage Applicants Enjoying Great Rates
    While the end of November and start of December has seen a welcome increase in the number of 90% mortgage deals on offer in the market, it is fair to say that this is an area of the market that has been badly underserved since March. 95% mortgages are virtually non-existent, and in the middle of ...
    read more...
  • Are You Confused By Basic Mortgage Terms? Check This Guide

    Are You Confused By Basic Mortgage Terms? Check This Guide
    As more than 20 million people in the United Kingdom hold a mortgage, you would be forgiven for thinking that these people understand their mortgage. Your mortgage is likely to be the most important agreement you have in life, but a recent study by firstmortgage.co.uk suggests many people are unaware of many key issues in ...
    read more...
  • UK Mortgage Approvals Soar To 13 Year High

    UK Mortgage Approvals Soar To 13 Year High
    The number of mortgage approvals in September 2020 rose to a 13-year high. The stamp duty holiday and pent-up demand in the housing market are combining to create significant demand in the property market. Even though there is considerable uncertainty in the economy right now, it appears many people are keen to move home. With the ...
    read more...
  • Mortgage Application Backlog And Stamp Duty Holiday Concerns

    Mortgage Application Backlog And Stamp Duty Holiday Concerns
    With concerns up to 325,000 buyers might miss out on the stamp duty holiday due to backlogs in the market, there is a growing demand for an extension or further support to be issued to buyers. Dominik Lipnicki, of advisers Your Mortgage Decisions, said: “Lenders appear to be worried about just how fragile the property market ...
    read more...
  • Many Buyers Have Never Used A Mortgage Broker

    Many Buyers Have Never Used A Mortgage Broker
    Given the cost of buying a home, and how important it is in your daily life, you would think people would seek help from experts in the field. There is a lot to be said for guidance and advice from trusted professionals, and if you are looking for assistance in arranging a mortgage, you would ...
    read more...
  • Cost Of Average UK Home Breaches £250,000 For First-Time

    Cost Of Average UK Home Breaches £250,000 For First-Time
    There is considerable activity and interest in the housing market right now. The stamp duty holiday is motivating people to move home, as there is a chance to save up to £15,000 on fees in many areas. With this in mind, many people will be interested to learn the cost of the average UK home has ...
    read more...
  • Another Mortgage Holiday On Offer If Required

    Another Mortgage Holiday On Offer If Required
    The Financial Conduct Authority (the FCA) is set to offer support for mortgage borrowers who have been affected, or who might be impacted, by the second lockdown. The regulator has announced it is set to extend payment deferrals by up to six months. For homeowners who currently have a mortgage holiday in place, a further three ...
    read more...
  • Mortgage Applicants – Avoid Money Laundering Suspicions

    Mortgage Applicants – Avoid Money Laundering Suspicions
    The stamp duty holiday has created significant activity in the housing market. Many people are looking to move home soon so they can save on the stamp duty holiday, and this is leading to a backlog in the process. Lenders are under significant pressure, and this is one of the reasons many people are calling for ...
    read more...
  • Stamp Duty Warning For Mortgage Seekers

    Stamp Duty Warning For Mortgage Seekers
    There is no denying the stamp duty holiday has breathed fresh life into the housing market. When the property market re-opened in May, there was considerable activity. However, industry experts questioned how long this would last before demand for homes dried up. The introduction of the stamp duty holiday in July means that demand hasn’t dried ...
    read more...
  • Can Affordable Mortgages Create Generation Buy?

    Can Affordable Mortgages Create Generation Buy?
    In an announcement that will have many people re-evaluating their chances of stepping onto the property ladder, the Prime Minister Boris Johnson has proposed a scheme that will assist first-time buyers in arranging a mortgage. It is hoped that FTBs will be able to get a mortgage with only a 5% deposit. The soundbite around this ...
    read more...
  • More Lenders Offering A Later Life Mortgage

    More Lenders Offering A Later Life Mortgage
    With people living longer, there is a need for businesses and industries to re-examine the products and services they offer. This is particularly true in the mortgage sector, which has previously shied away from offering a wide range of mortgages to people in their 50s or older. This is no longer the case, and it is ...
    read more...
  • Self-Employed Clients – Give Yourself Ample Time To Apply

    Self-Employed Clients – Give Yourself Ample Time To Apply
    The stamp duty holiday is encouraging many people to consider buying property or moving home. If you are self-employed, there is no barrier to buying a home right now, and you might find the chance to significantly reduce the stamp duty you’d pay a great incentive. While many mortgage lenders have reduced the options available to ...
    read more...
  • What Negative Interest Rates Would Mean For Mortgage Holders?

    What Negative Interest Rates Would Mean For Mortgage Holders?
    With an increasing level of discussion about negative interest rates, it is important mortgage holders and prospective buyers understand what this would mean for them. The base rate set by the Bank of England is currently held at 0.1%. This figure represents a historic low, but with many economic challenges in the UK, industry experts believe ...
    read more...
  • Frugality Matters When Applying For A Mortgage

    Frugality Matters When Applying For A Mortgage
    If you want to enhance your chances of arranging an affordable mortgage, you need to improve your finances. There is a lot to be said for making sizable changes which help you apply for a mortgage, but you should also consider the smaller steps which make a massive difference  when applying for a mortgage. John Ellmore ...
    read more...
  • Is Remortgaging Right For You?

    Is Remortgaging Right For You?
    With the UK in a recession, it is vital people review their finances. If you own a mortgage, and you are concerned about the costs of this mortgage, you might want to consider remortgaging the property. Paul Stringer is a Director of the Norton Finance Group, and he is a noted name when it comes to ...
    read more...
  • More Mortgage Options For First-Time Buyers

    More Mortgage Options For First-Time Buyers
    The stamp duty holiday has encouraged many people to make a move in the housing market, but not everyone has been able to capitalise on this measure. It is fair to say the stamp duty holiday isn’t a fantastic option for first-time buyers. Many experts will state there are other ways for first-time buyers to find ...
    read more...
  • Mortgage Mistakes Cost Millions

    Mortgage Mistakes Cost Millions
    Anyone who is looking to buy a home or arrange a mortgage should get as much help as they can. There is a lot of experts and specialists on hand to offer guidance. This is useful in finding out the best tips to follow, but you should also look to learn the most common mistakes ...
    read more...
  • Minimise Risk of Mortgage Application Rejection

    Minimise Risk of Mortgage Application Rejection
    With the stamp duty holiday likely to lead to more mortgage applications, it is important prospective buyers are aware of the risks involved with applying for a mortgage. Buying a home is a major commitment, and a mortgage represents a significant outlay. Lenders are keen to feel as confident as possible about offering a mortgage, and ...
    read more...
  • Mortgage Searches Increase Due To Stamp Duty Holiday

    Mortgage Searches Increase Due To Stamp Duty Holiday
    The recent stamp duty holiday has already affected buyer behaviour, and many housing specialists believe there will be a greater level of activity in the market. One industry source believes there will be an additional 100,000 houses sold because of the savings on offer to buyers. It stands to reason that if more people are looking ...
    read more...
  • Stamp Duty Cut – Boost For Mortgage Sector?

    Stamp Duty Cut – Boost For Mortgage Sector?
    It is always helpful to hear the opinions of business leaders of companies involved with the mortgage market, and the Chief Executive of Yorkshire Building Society has spoken with the I newspaper and website. Mike Regnier has said the company has experienced a “strong resurgence” in mortgage applications from first-time buyers since the housing market ...
    read more...
  • Landlords With Bounce Back Loans Struggling To Arrange Mortgage?

    Landlords With Bounce Back Loans Struggling To Arrange Mortgage?
    Even though Government support in the initial stages of lockdown was very welcome, many people were concerned about potential problems or penalties associated with the assistance. This is why many landlords will be dismayed to learn that some professionals in this field who took out a Government Bounce Back Loan have reported problems in securing ...
    read more...
  • Self-Employed Facing Challenges In Arranging A Mortgage

    Self-Employed Facing Challenges In Arranging A Mortgage
    In a challenging year for people looking to arrange a mortgage, some people have a more laborious task than others. While remote working is likely to become a more common feature of everyday life for many people, for an existing part of the working demographic, this has been the backbone of their working day for ...
    read more...
  • Young Buyers Place Mortgage Plans On Hold

    Young Buyers Place Mortgage Plans On Hold
    Dealing with the COVID-19 pandemic is challenging for us all, but as is usually the case, some people in society will be more harshly affected than others. As the pandemic is likely to have a significant impact on finances and the economy, there are concerns about the longer-term impact on homebuyers. The group most likely to ...
    read more...
  • One Sixth Of Mortgage Holders Took Mortgage Holiday

    One Sixth Of Mortgage Holders Took Mortgage Holiday
    It is believed, according to a report made by the BBC, that one-sixth of homeowners have taken out a mortgage payment holiday. This would equate to two million people in the United Kingdom, and it is important people realise the impact of doing so. It has always been stated that the mortgage payment holiday wasn’t free ...
    read more...
  • Mortgage Advice Even More Essential For Buyers And Investors

    Mortgage Advice Even More Essential For Buyers And Investors
    There is no denying the COVID-19 pandemic has had a significant impact on the mortgage market. Therefore, anyone considering a property move soon is advised to speak with experts and receive tailored advice for their needs and requirements. Arranging a mortgage is often a challenging task at the best of times for some people, but when ...
    read more...
  • How To Access Affordable Rate Mortgages?

    How To Access Affordable Rate Mortgages?
    When the housing market re-opened in the middle of May 2020, property portals such as Rightmove and Zoopla listed a considerable increase in buyer demand on their sites. However, these platforms aren’t the only ones which experienced a considerable increase in demand, with MoneySuperMarket indicating a spike in mortgage searches. The well-known price comparison website announced ...
    read more...
  • What Is The Real Cost Of A Mortgage Holiday?

    What Is The Real Cost Of A Mortgage Holiday?
    While there is no denying mortgage holidays have provided confidence and peace of mind to many homeowners, it is crucial to know that mortgage holidays do not represent free money. There is a cost associated with mortgage holidays, and as people start to consider the longer-term impact of COVID-19, the real cost of a mortgage ...
    read more...
  • New Help For First Time Buyers But Barriers Remain

    New Help For First Time Buyers But Barriers Remain
    One of the key indicators that the mortgage market is beginning to stabilise can be seen in the range of products being launched to the market. One example of this comes from the Clydesdale/Yorkshire Bank re-introducing its 90% LTV mortgage for first-time buyers. This is a three-year fixed-rate mortgage that comes with an initial rate of ...
    read more...
  • Mortgage Products To Support Young Buyers

    Mortgage Products To Support Young Buyers
    It is fair to say many people have been evaluating their finances in relating to how we deal with COVID-19. Some people have experienced challenges or changes in their job or personal circumstances. For many people, the thought of moving home or buying a house is far from their minds. However, there will be many people ...
    read more...
  • Coronavirus, Mortgage Payments And Credit Score

    Coronavirus, Mortgage Payments And Credit Score
    If you are reviewing your finances in light of the coronavirus, you will be considering your mortgage payments and your credit score. Please review the following information which will help you make an informed decision. How does a mortgage holiday work? If you decide to take a mortgage holiday, you must know how this will impact your ...
    read more...
  • Can I Get A Mortgage After Being Furloughed?

    Can I Get A Mortgage After Being Furloughed?
    It is understandable many people and households have a lot of questions about their finances right now. Your circumstances might need you to review both the short and long-term impact of dealing with COVID-19. Housing and mortgage matters are amongst the most frequently asked questions right now, and the impact of being furloughed is a ...
    read more...
  • Reasons For Optimism In Housing Market

    Reasons For Optimism In Housing Market
    With so much uncertainty right now, it is easy to see why people are choosing to adopt a cautious approach to most things in life. This is the case with the housing market. Even though the UK Government has re-opened the market, there is a wide range of opinions on whether this is the right ...
    read more...
  • Rise In Mortgage Products Positive Sign

    Rise In Mortgage Products Positive Sign
    While news that the Government has re-opened the housing market has received mixed opinions, there is no denying that it is a positive sign for the long-term future of the market. While people must follow social distancing guidelines, and stay safe, the sooner firms and people move forward, the better for many reasons. There has been ...
    read more...
  • FCA Guidance For Mortgages During Coronavirus Crisis

    FCA Guidance For Mortgages During Coronavirus Crisis
    In dealing with the Coronavirus crisis, it is imperative to follow guidelines and rules from specialists and experts. This applies to health matters, social distancing recommendations, and on how individual sectors are responding to the Coronavirus crisis. Understandably, many people are looking for assurance regarding finance and mortgage payments during the Coronavirus crisis. This is why ...
    read more...
  • Pros and Cons of Mortgage Holidays

    Pros and Cons of Mortgage Holidays
    For homeowners, mortgage payments are usually their biggest outgoing. Given the importance of having a roof over our heads, it is also the most significant outgoing people have. In challenging financial times, mortgage holders should prioritise their mortgage payment. Therefore, it is natural that during the current Coronavirus crisis, many people are concerned about managing mortgage ...
    read more...
  • You Can Still Apply For A Mortgage

    You Can Still Apply For A Mortgage
    Understandably, many people are not focusing on matters as they usually would, but equally, there is a need for people to maintain as “normal” a life as possible. A lot of industries are trying to operate as best as they can, adhering to social distancing recommendations while making themselves available for their clients. The Government has ...
    read more...
  • Self-Employed Professionals – You Can Get A Mortgage

    Self-Employed Professionals – You Can Get A Mortgage
    With self-employment figures in the UK reaching 4.8 million people in 2017, this is an important part of the workforce. By those figures, people in self-employment accounted for 15.1% of the labour force, and it wouldn’t be unreasonable to assume that this number has grown since. Therefore, self-employment is an integral part of the economy, ...
    read more...
  • 2020 Buyers: Mortgage Tips To Start Your Search

    2020 Buyers: Mortgage Tips To Start Your Search
    The start of 2020 has provided us all with a reminder of how quickly things can change in a short period of time. It is understandable that many people will put home buying on the back burner for now, but at the start of 2020, there was a spike of house hunters looking for a ...
    read more...
  • How An ISA Helps You Step On Property Ladder?

    How An ISA Helps You Step On Property Ladder?
    Buying a home is an expensive time, but it is also a challenging prospect. Many first-time buyers struggle to step on to the property ladder. Saving as much money as you can for a deposit is sensible, and you should be looking for assistance in this activity. A Lifetime ISA is a smart option to boost ...
    read more...
  • Improve Your Chances Of Getting A Mortgage In 2020

    Improve Your Chances Of Getting A Mortgage In 2020
    With an increased level of optimism regarding the UK housing market, it is inevitable many people will look into buying a home this year. With estate agents and online property portals saying they witnessed an increase in house-hunter registrations¹ after the General Election of December 2019, this year may be the ideal time to step ...
    read more...
  • Would Lifetime Mortgages Help People Buy A Home?

    Would Lifetime Mortgages Help People Buy A Home?
    Given the challenges many people face in arranging a mortgage and buying a home, it is natural people are looking for assistance.One solution for many potential homeowners is a lifetime mortgage. Therefore, a growing number of prospective buyers are asking would lifetime mortgages help people buy a home. What is a lifetime mortgage? With a conventional mortgage, ...
    read more...
  • Should Mortgage Applications Be Simpler?

    Should Mortgage Applications Be Simpler?
    As buying a home is the most substantial commitment you will make in your life, it is no surprise that many people face challenges in arranging a mortgage and then buying the property. Saving for a deposit is a challenge, and you must also ensure you have a credit score which appeals to mortgage lenders. ...
    read more...
  • Older Mortgages Are on The Rise

    Older Mortgages Are on The Rise
    With people living longer in the United Kingdom, it is no surprise there is a rising demand for mortgages which suit people’s lives. In data provide by Money facts, it appears homeowners who are looking to borrow money into their 80s want greater choice, and the market is responding. In 2015, there wasn’t a mortgage which ...
    read more...
Request A Callback

Request A Callback

Please fill out the form below if you would like to request a callback.
X