What's next for property prices?
House prices are dropping. In fact, according to Halifax, in April 2018 they fell by 3.1%, representing the biggest monthly drop since September 2010.
So does this mean that house prices are going to continue to drop?
Bank of England Announces Interest Rates to Remain Unchanged
The Bank of England has today announced that its interest rates will once again remain unchanged at 0.5% but warned that borrowing costs may still have to rise over the coming months.
Of the Bank of England’s nine Monetary Policy Committee members, 7 voted to leave the policy unchanged, whilst Ian McCafferty and Michael Saunders voted to increase the rate to 0.75%.
Introducing a new trusted lender - Secure Trust Bank
CMME are happy to announce that we have partnered with Secure Trust Bank’s mortgage division as we continue to expand our business for our clients.
Starting from the 1st May 2018 this partnership sees Secure Trust Bank join the select number of trusted lenders we have formed a close working relationship with to further support our clients.
Three Top Tips for Choosing a Contractor Accountant
Breaking free of the 9-6 and becoming your own boss is a dream had by many and taking the leap is an exciting time with lots to think about. It might sound obvious, but in the excitement of setting up your business, you may forget about appointing an accountant and then rush into it later, only to regret that decision in the long run. Making the right choice when you first set up in business will save you both time and money.
CMME Mortgage Factsheet | Everything you need to know as a first-time buyer
Buying your first home is an incredibly exciting time, but it can also be long, complex, and somewhat daunting, especially if it’s your first time going through the process.
If you’re a first-time buyer about to take your first step onto the property ladder, here’s our guide to the process…
Should second charge be your first choice?
Once considered as a last resort option for raising funds, Second Charge Mortgages are quickly becoming part of mainstream lending, as more homeowners than ever before look for an alternative to remortgaging or taking out a personal loan.
We’ve created a helpful guide outlining everything that you need to know about Second Charge Mortgages so that you can make a well-informed decision about whether it’s the best option for you.
Applying for a mortgage – what do lenders look for?
When it comes to buying your first home, there are a whole host of things to think about – from where you want to live and what sort of property you want to buy, through to how much you can afford to borrow.
And of course, a major consideration is whether you’ll be able to secure a mortgage.
Great news for experienced landlords
We’re very excited to announce that from Wednesday 18th April one of our biggest Buy to Let lenders have extended their criteria to remove maximum age limits for experienced landlords.
So, what does this mean?
Getting mortgage ready
Not sure where to start when it comes to obtaining a mortgage?
Here are our tips for getting mortgage ready;
Start saving!
A minimum deposit of 5% of the property value will be required, subject to criteria and credit profile. Plus, you’ll need to allow for additional costs involved when purchasing a property such as stamp duty, solicitor fees, mortgage product/application fees, prope
First-Time Buyer? How Help to Buy could help you get onto the property ladder
Whilst many of us dream of owning our own home, in the current economic climate, that dream can seem somewhat out of reach, particularly for contractors, freelancers, and the self-employed.