News

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 […]

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 […]

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 […]

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? […]

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 […]

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 […]

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 […]

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 […]

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 […]

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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