Some of these articles might be useful. Others might just pass the time while your kettle boils. Either way, don’t take financial advice from a bloke with a blog — speak to someone qualified (ideally with insurance… and a desk).
May 16, 2023
The Financial Policy Committee, part of the Bank of England held a consultation with a view to removing the requirement to stress mortgage rates to ensure robust affordability testing. They determined it was no longer needed. So why are lenders still using it?
Read article >
January 12, 2023
The Personal Finance Society offers a range of financial services training to obtain qualifications and chartered status. Their parent is the Chartered Insurance Institute and it is they who appear to have fallen out with their child! Why?
Read article >
September 29, 2022
The fallout from the recent budget announcement has triggered all sorts of concerns for homeowners, or more specifically those with mortgages. With predictions of 7% interest rates, falling house prices and mortgage lenders removing products then adding new ones at a higher rate, what does it all mean?
Read article >
August 14, 2022
From the 1st of August 2022 lenders were able to stop stress testing mortgages. An affordability test that was introduced in 2014 to ensure borrowers could still cope with an interest rate shock. Although we are only 3 weeks on have any lenders dropped the test?
Read article >
February 5, 2022
In February 2022 the Bank of England increased interest rates for the 2nd time this year. What few are talking about is the impact on the mortgage stress rates banks need to apply.
Read article >
October 16, 2021
Is Klarna bad for your mortgage application? I keep seeing a lot of focus is given to this. What is this really about and does Klarna negatively impact your mortgage application?
Read article >
View more posts: