mortgage advice titchfield

BarclaysBarclays to launch into Help to Buy 2 next Tuesday

The lender will offer two products including a three-year fix at 5.35% and a five-year equivalent at 5.49% from Tuesday 14 January.

Both products are fee-free and available up to 95% loan-to-value. A minimum loan size of 50,000 and maximum of £570,000 apply to both products.

The Help to Buy mortgages will be available through all channels, both direct and intermediary, and the products will be available on new build and existing properties. Only house purchase loans will be accepted by Barclays.

To find out more about Help to buy and for a personal illustration, please give one of our qualified advisers a call or email us via “Contact Us” page with your requirements.

 

untitledA million turn to payday loans to pay mortgage and rent

Nearly 1 million people in Britain have used a payday loan to pay their rent or mortgage as they face making ends meet difficult, a survey carried out for Shelter has revealed.

A survey of 4,000 adults found one-in-five rent or mortgage payers had borrowed money to cover their housing costs while 2% had turned to the high cost short-term payday loans to avoid defaulting on payments.

One-in-four people said they would feel too ashamed to ask for help if they couldn’t pay their rent or mortgage while 40% wouldn’t admit if they were struggling with their housing costs to family or friends.

Payday loans showing on your credit report can seriously reduce the risk of you being able to purchase a property or even if you are just remortgaging.

Before you go and apply for a payday loan, consider the consequences and give us a call on 01489 580020 or email us via “Contact Us” whereby one of our qualified mortgage advisers at parkgate can assess your financial needs and provide you with the right advice which could save you from having to rely on payday loans.

 

TestimonialI am a first time buyer and had no knowledge of the house buying process prior to my purchase. I was advised to contact Kevin at Parkgate Mortgages by my estate agent. I had wanted to purchase a property which fell through at the last moment. This was very disappointing. I then found another property which has been a successful purchase. Throughout the buying process of both of these properties, I found Kevin’s advice and guidance to be invaluable; he has been kind and patient and has offered me excellent advice. I have found him to be an excellent support. I am sure that I would not have tried to go ahead and purchase my house without his help. I will definitely be recommending Parkgate mortgages to my friends and work colleagues, and will seek to contact Kevin again in the future for my next house move.

Mortgages
life insurance
home insurance
equity release

We offer whole of market advice for all types of customers, whether you are a first time buyer, home mover or looking to purchase a buy to let property. Being independent we are able to offer impartial advice from the whole of the market to ensure you get the product that suits your financial needs.

Whether you are looking to protect your mortgage payments or your family, we provide independent advice for life insurance, critical illness cover and income protection from a wide range of providers.

Buildings Insurance is a requirement when you complete on a mortgage the cover is to provide security to the lender, the insurance covers the main structure of your home. It will cover you for subsidence, storm, flood, fire or smoke damage and cover the costs of rebuilding or repair.

Equity release is a way of releasing cash from your property, either through selling a percentage to the reversion company or taking a mortgage on it, while allowing you, the homeowner to continue living there as long as you wish.