News

How could the base rate rise affect the fixed rate mortgage market?

Monday, December 11th, 2017

As widely mooted, the Bank of England increased the base rate by 0.25% in November; the first increase for 10 years. Whilst the Governor Mark Carney intimated that it will not be the last of the rises, we do not expect the base rate will rise above 1% before the end of 2020. Uncertainty amongst […]

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Secured Loans see steady increase in demand

Wednesday, November 22nd, 2017

It is believed here at Caboodle Finance that secured loan advances in the UK (otherwise described as second charge lending) will continue to grow at a steady pace in 2018, just as it has throughout 2017, in our experience. Whilst the main reasons attributed to the ongoing demand for these secured loans are many and […]

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Who needs life insurance and personal income protection? 

Wednesday, October 18th, 2017

Here in the UK, it is believed that far too many people have insufficient life insurance (as well as other forms of personal income protection) or worse, no cover at all. In our experience across a variety of age ranges we are able to provide an insight into some of the underlying reasons why this […]

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Buy to Let Equity Release – Is it the best option?

Wednesday, September 20th, 2017

Equity release in the residential housing market has seen significant growth in recent years, a trend which shows no signs of slowing. More interestingly, and perhaps because of the uncertainty surrounding the buy to let market, here at Caboodle Finance, we have noted an increase in the level of enquiries from landlords. Why are more […]

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How much could YOU save by using a mortgage broker?

Thursday, August 17th, 2017

What does a mortgage broker do? With new lenders entering an ever-changing mortgage market, constantly updated products, different criteria being applied and vast differences in all lender service levels, many people want to remove the need for all the searching and time spent and just let the experts do it for them. Does it cost […]

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Mortgage Advice is NOT a ‘Dark Art’!

Wednesday, July 26th, 2017

It is often said that many people do not fully understand what being given “mortgage advice” really means. This confusion has partly created by some high street banks whose version of “mortgage advice” has been to simply present their customers with nothing more than a menu of in-house mortgage products; hardly an independent or broadly […]

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Need To Raise Capital? What About Secured Loans?

Monday, June 26th, 2017

Since secured loans, or second charge mortgages to give them their correct title, have been brought under the same regulatory framework as mortgages, the debate has been ongoing as to whether people who are raising capital against their home should do so via a remortgage or by arranging a secured loan. Although there are sometimes […]

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Some lenders begin to relax buy to let mortgage rules

Tuesday, May 23rd, 2017

Following guidance issued by the Prudential Regulation Authority, the changes made to buy to let ‘rental test’ rules introduced by many mortgage lenders at the end of last year have seemingly resulted in a dramatic decline in buy to let mortgage volumes. Decline in Borrowing by Landlords Lenders now assess an applicants’ personal tax status […]

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New mortgage lender sets the standard

Monday, April 24th, 2017

In what is now truly a ‘digital age’, a recent entrant to the mainstream mortgage market now requires that to gain access to its specialised products, prospective clients must use the services of one of its previously approved mortgage brokers. Digital Lender PLUS Regional Mortgage Brokers – The Perfect Combination? Atom Bank, trading as “Digital […]

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Are Some In the Industry Failing To Give Great Mortgage Advice?

Monday, March 20th, 2017

With many mainstream and high street mortgage lenders maintaining their “hard and fast” rules and underwriting policies, many potential borrowers who have special requirements or complex circumstances (referred to by some as ‘mortgage misfits’) are effectively being excluded from the market unless they take mortgage advice. Help for the ‘Mortgage Misfits’ There are some specialist […]

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. CONSOLIDATING DEBTS MAY INCREASE THE TERM AND TOTAL AMOUNT PAYABLE.

Your initial consultation is free and you are under no obligation to proceed with a mortgage we recommend. There will be a fee for mortgage advice. The exact fee will depend on your circumstances and may be reduced depending on the loan amount and any commission we receive from the lender. It is estimated that the fee will be £595, but it may range from £495 to 1% of the amount you borrow. The fee is only payable on completion and can normally be added to the mortgage. This will be discussed and agreed with you before you make an application. Please ask for a personalised illustration.

Secured loan rates from 3.95% APRC, although we have plans available up to 29.9% APRC which allow us to assist customers with the most severe credit problems. The overall cost for comparison is 7.65% APRC. For secured loans a broker fee up to 10% of the loan amount borrowed may be payable on successful completion. A lender fee may also apply. The actual APRC available will depend on your circumstances. All loans are subject to status. Please ask for a personalised illustration.

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

Caboodle Financial Services Ltd, registered in England at SQ2 House, 240b Lichfield Road, Four Oaks, Sutton Coldfield, West Midlands B74 2UD (number 08044670).
Caboodle Financial Services Ltd is an appointed representative of Pink Home Loans, Pink Home loans is a trading style of Advance Mortgage Funding Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 305008) for mortgage and non-investment insurance advice.
The Financial Conduct Authority does not regulate some forms of Buy to Let.

© 2017 Caboodle Financial Services Ltd