Sunday, September 30th, 2018
There still appear to be widespread misconceptions about what a second charge mortgage is, who can have one and how they can be used. A secured loan by another name. In years gone by, this type of finance was known as a “secured loan”, but as the mortgage and finance markets have evolved in recent […]
More »Wednesday, August 29th, 2018
A recent report by Noddle (the credit report service offered by the British arm of the global company TransUnion) suggests that around a quarter of homeowners don’t shop around when it comes to finding a mortgage; they simply select the first one they are accepted for. * It pays to do your research! Jacqueline Dewey, […]
More »Wednesday, July 25th, 2018
Despite recent regulatory changes causing a squeeze from a tax perspective, figures and calculations provided by the specialist mortgage lender Kent Reliance indicate that buy to let property investment could still deliver significant returns for landlords over a 25-year term. Their calculations assume house prices and rents rise by 1 per cent in each of […]
More »Wednesday, June 20th, 2018
Seemingly, many UK homeowners will take out insurance for their pets and their ‘gadgets’ before they will put in place a suitable personal protection portfolio to protect themselves, their home and their family. Although a mortgage is the biggest commitment most people will ever take out, many decide not to take out suitable protection such […]
More »Wednesday, May 23rd, 2018
There has been significant talk in the press over the last few months regarding what the Monetary Policy Committee (MPC) will do with interest rates and, in particular, the bank base rate. Not only will the decisions they make impact the mortgage market, the speculation around the potential for interest rate changes in the coming […]
More »Thursday, April 26th, 2018
In an evolving mortgage market, the utilisation of second charge mortgages for capital raising appears to be increasing and, in our experience a high percentage of people utilising them are those on longer term fixed rate deals. Following a spike in the number of people taking 5 and even 10 year fixed rate deals on […]
More »Monday, March 26th, 2018
In the aftermath of the base rate rise at the end of 2017, many borrowers may be looking to secure a fixed rate mortgage deal to reduce the impact of any potential future base rate increases. In short, they want to avoid an increase in their existing monthly payments. There’s more to it than just […]
More »Wednesday, February 28th, 2018
In a recent report by IMLA (Intermediary Mortgage Lenders Association) it was found that overall net investment in buy to let property has fallen by 80% between 2015 and 2017, in the main due to what they believe has been “excessive regulatory intervention on the buy to let sector”.** This research has jolted IMLA to […]
More »Monday, January 22nd, 2018
In a recent speech, Prime Minister Theresa May announced that the stamp duty cut for first-time buyers has already helped around 16,000 people in the six weeks since its inception, alongside a prediction that it would further benefit one million first-time buyers over the next five years. ** A confidence boost for first time buyers? […]
More »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 […]
More »Caboodle Financial Services Ltd
SQ2 House
240B Lichfield Road
Four Oaks
Sutton Coldfield B74 2UD
Telephone: 0121 308 9114