Mortgage prisoners are left disappointed after MPs voted against the amendment to the Financial Services Bill which sought to bring in a cap on standard variable rates and reduce payments by up to £800 a month.
The 95% mortgage guarantee scheme came into effect on Monday, prompting other lenders to compete and bring their own deals to the market. To attract borrowers, a UK building society has announced a two year discount variable mortgage at 0.99%, a rate that hasn’t been seen on the market since the beginning of the pandemic.
When applying for a mortgage, lenders take into account more than just your income and credit rating. Spending habits such as gambling, using payday loans, and funny payment descriptions could potentially damage your chances of getting a mortgage.
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TaylorMade Finance Ltd is authorised and regulated by the Financial Conduct Authority.
Where you have a complaint or dispute with us and we are unable to resolve this to your satisfaction then we are obliged to offer you the Financial Ombudsman Service to help resolve this. Please see the following link for further details: http://financial-ombudsman.org.uk
Your mortgage will be secured against your property.
Your home may be repossessed if you do not keep up repayments on your mortgage.
A fee of up to 1.95% of the mortgage amount, subject to a minimum fee of £1,295 and an overall maximum fee of £2,995 payable on completion.