News

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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Secured Loans for Buy to Let Property Owners

Monday, February 20th, 2017

Many landlords and owners of investment buy to let property have historically leveraged their existing portfolio to raise further capital via a re-mortgage or secured loan, which in most instances has then been used towards the purchase of additional buy to let property. The rules have changed That said, in last 12 months, the industry […]

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Navigating the Buy to Let Mortgage Maze

Thursday, January 19th, 2017

Even though the Prudential Regulation Authority (PRA) guidance regarding the assessment of buy to let mortgages is now well and truly embedded in most lenders’ application process, there still appears to be confusion as to the implications of these changes not only amongst those seeking to raise a mortgage against a buy to let property […]

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Mortgage Brokers to the rescue for Contractors and the Self Employed

Monday, December 12th, 2016

Recent surveys undertaken by specialist mortgage lenders indicate that many potential applicants regard themselves as a higher ‘mortgage risk’ if they are self-employed, a contractor or have multiple income sources. For many people, even just applying for and obtaining a mortgage can seem like a daunting prospect, but in the case where an applicant’s personal […]

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Mortgage Advice For A New Generation

Monday, November 21st, 2016

A recent survey targeting Millennials, suggested that around 40 per cent of those surveyed would happily use a mobile App (i.e. an application or self-contained program/piece of software as downloaded to mobile devices) in order to obtain a mortgage. It also confirmed that up to 50 per cent of them would willingly take out a […]

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Raising Capital? Have You Considered A Remortgage or Second Charge Mortgage?

Wednesday, October 19th, 2016

This month, here at Caboodle Finance’s Sutton Coldfield office, we thought we would look at the some of the changes that have taken place to the Secured Loans marketplace since the introduction of the Mortgage Credit Directive (MCD) in March 2016 Whilst the MCD effectively harmonised the regulations concerning both the first charge mortgage and […]

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Are Limited company Buy to Let Mortgages the way forward?

Thursday, September 22nd, 2016

Given some really competitive product pricing by lenders and the fact that rental calculations are for the most part more generous, buying property via a Limited company is now becoming an increasingly enticing prospect. That many investors are now considering this route is due in part to the much heralded proposed tax changes. In response, […]

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So what exactly is ‘Mortgage Advice?’

Wednesday, August 31st, 2016

It is not uncommon for people to misunderstand what mortgage advice is or misinterpret what benefits can be gained from using a broker or adviser to get mortgage advice, be it for the purpose of buying a new property, remortgaging for a better product or capital raising, or even facilitating an investment property purchase (Buy […]

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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 9.2% 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.

© 2014 Caboodle Financial Services Ltd