Some of these articles might be useful. Others might just pass the time while your kettle boils. Either way, if you read one of my financial type articles just don’t rely on advice from a bloke with a blog — speak to someone qualified (ideally with insurance… and a desk). Yes, I am qualified for some things, but you can't sue me or get compensation.
October 8, 2022
For many who purchased a house with an interest-only mortgage, particularly those that did so many years ago, in fact up to 25 years ago the time may have arrived when the mortgage is due to be repaid. That is exactly what is approaching for one visitor to the site who is going to be unable to repay and have the desired outcome that was originally promised.
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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?
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July 9, 2022
I have been getting a few questions all with the same theme around the removal of the affordability stress test. Understandably many are still confused as to what it actually means for them when it comes to applying for a mortgage and what the impact or indeed benefits are.
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June 20, 2022
Following on from a previous post I wrote in March around a consultation being run by the Bank of England regarding the removal of the mortgage affordability stress test, the result is in. Surprisingly it is going to be removed from the 1st August 2022.
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April 27, 2022
Understanding an SPV is beneficial for anyone working in or aspiring to work in a part of the mortgage industry that deals with this type of borrower. Here I will explain what it is.
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April 26, 2022
Japanese Knotweed is an invasive weed that spreads rapidly and can be difficult to control with professional support. The existence of the weed in or close to a property you want to purchase or sell may be a problem and you shouldn't ignore it.
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