When the Mortgage Market Review (MMR) came into play on 26th April it created mixed feelings, this is more commonly known as ‘new affordability rules’ in the news. While people agreed that, in theory, it was a good idea to make more detailed enquiries around mortgage applications, there were many concerns flagged.
On 26th April, most of the changes outlined in the Financial Conduct Authority’s Mortgage Market Review (MMR) will take place. In this post we examine what that means for you and others like you.
Owning a home (and usually having a mortgage) is still considered by many to be the pinnacle of security. Somewhere safe for you and your family to live and grow or something to invest in that will eventually return your investment when you need it most.
We are delighted to announce that we have a new team member on board. Oliver Callister will be our new Client Support Executive working alongside our existing Client Support Manager Emma Sacre.
It’s been a tricky few years for anyone wanting a mortgage. Since the financial crisis of 2008, banks and building societies have clamped down tight and made borrowing difficult for everybody, especially first time buyers. But I’m pleased to be able to report that there appears to be some light at the end of the tunnel. Why have things improved? […]