News

What do you know about second charge mortgages?

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 […]

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Homeowners not “shopping around” when it comes to mortgages…

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, […]

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Is Buy to Let still a plausible investment option?

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 […]

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Pets and gadgets a higher priority when it comes to insurance!

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 […]

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Mortgage Rates – Stick or Twist?

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 […]

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Second charge mortgages – “Filling the gap”

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 […]

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The lowest mortgage rate may not always be the ‘best deal’!

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 […]

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Investment in Buy to Let Property takes a significant hit

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 […]

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First-time buyers helped by stamp duty cuts.

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? […]

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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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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 PRIMIS Mortgage Network (PRIMIS), a trading name of Advance Mortgage Funding Ltd which is authorised and regulated by the Financial Conduct Authority. PRIMIS is only responsible for the service and quality of advice provided to you in relation to mortgages, protection insurance and general insurance products. Any other product or service offered by Caboodle Financial Services Ltd may not be the responsibility of PRIMIS and may also not be subject to regulation by the Financial Conduct Authority. The Financial Conduct Authority does not regulate some forms of Buy to Let.

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