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Financial Blog

Archive | First time buyers

mum and daughter

The Bank of Mum and Dad – Now one of the UK’s top 10 mortgage lenders.

A recent report from the Centre for Economics and Business Research has hailed ‘The Bank of Mum and Dad’ as one of the UK’s top 10 mortgage lenders. The report has estimated that over 300,000 property transactions this year will have the deposits funded by parents which is a staggering 25% of all properties bought with a mortgage. It is expected that overall […]

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Recommend friend offer

Property and Mortgage Market Predictions 2016

It’s hard to believe we’re well in to Spring, it seems like only last week we were toasting in the New Year. They say time flies when you’re having fun and it’s been an extremely busy first quarter to the year here at Number One Mortgages. This is usually a good indication of some significant changes in the property and […]

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Understanding leasehold

Leasehold Property, when should you extend your lease?

Leasehold Property, understanding lease extensions. If you have purchased or are purchasing a property as a leasehold, it is worthwhile understanding your statutory rights for a lease extension. The Act enables leaseholders to apply for a further 90 year lease which will be added to your current, unexpired lease term. To qualify for this application you will have to have […]

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Mortgage secret

Construction Industry Scheme

If you work as a subcontractor in the construction industry it is likely you will be part of the ‘CIS’ – Construction Industry Scheme. Although you are technically self-employed, the people you work for will often pay your tax at source, so this can feel as though you are employed. Being self-employed affects your mortgage application process. Your income is treated differently […]

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Brighton Mortgage Advisor

Why would I use a mortgage broker when I can just go to the bank?

Mortgage Broker vs Bank This is a question I get asked fairly frequently. It seems to me that mortgage brokers are deemed as a fall back option if the bank says no. While our services do extend to this assistance there are far more valuable reasons why you should consider approaching a mortgage broker before contacting your bank. Did you […]

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Seaside home buying in Portslade

Our very own town of Portslade has been recognised as one of the most affordable seaside spots for home buyers in the South East. Bognor, Worthing, Eastbourne and Hastings all feature too. Investors in property within Portslade will have seen an average 44.2% growth in their home value in the last 10 years. The average growth for the South East […]

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Seven Sisters, Sussex

Stamp Duty

Stamp Duty.  The bane of many a buyer!  It’s essentially a land tax, and it’s payable on all properties in the UK over a certain price. But from December last year we were offered some relief from the ever-escalating costs of buying a home, as stamp duty pricing changed.                         […]

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Advice for first time buyers

There’s something pretty special about buying your first home. No matter how many houses you’ve lived in before this one is YOURS! (OK, mainly the Bank’s, but who cares!)              Looking to be a first time buyer soon? Here are a couple of bits of advice for first time buyers: 1) Firstly…..know what you can […]

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