Mortgage Round Up Autumn 2017
Welcome to our ‘regular update’ (yes, it has been a while, but rates seemed to start going sideways and so there hasn’t been any major changes) on Mortgages.
With the recent Bank of England Base rate increase, rates are starting to move again and so I feel it is time to re-start this round up.
Mortgages and Schemes are constantly changing and so should you be interested in a obtaining a mortgage or Home Purchase Plan (be it for a First Time Buyer, Mover or re-mortgage), getting the right deal is vital.
Here at Box Financial Planning, we are here to help ensure you get the right Mortgage, Home Purchase Plan or Equity Release for you.
This month, we are looking at mortgages for First Time Buyers and with the Stamp Duty changes for First Time Buyers, the costs of buying your first home may have just been reduced. (If your able to buy a property over £500,000, there is no Stamp Duty reduction but properties up to £500,000, will reduce Stamp Duty by up to £5,000).
The following information should not be taken as a recommendation and all Mortgage Plans are subject to status.
All schemes are based on a Property Value of £350,000 and a loan to value as indicated and highlight some of the better deals currently available.
It may be possible to get a more competitive rate than is shown, as several regional Building Societies have particularly competitive Mortgage rates, but only lend in their area. If you are not buying in the area they are based in, you can’t obtain a mortgage from them.