Category: Mortgages

Aldermore has reintroduced an enhanced range of mortgage options targeting first-time buyers, self-employed individuals, and those with a less-than-perfect credit history. This initiative marks a significant effort by the bank to address the unique challenges faced by these groups in securing mortgages. Understanding the hurdles faced by first-time homebuyers, Aldermore’s latest offering focuses on making…

Atom Bank has announced significant reductions in their mortgage rates, particularly targeting what they term as the “Near Prime” range. This initiative caters to individuals who might have faced financial difficulties in the past and as a result, have less than perfect credit scores. Atom Bank is slashing rates across several of its products. The…

West One Loans has broadened its buy-to-let mortgage offerings, introducing new solutions aimed at helping those with past credit issues find solid footing in the property market. Understanding the unpredictable nature of the economy and its impact on property owners, West One Loans has rolled out two new products designed to cater to landlords who’ve…

Mansfield Building Society has unveiled its innovative Credit Repair mortgage proposition. This initiative emerges as a beacon of hope for borrowers whose financial journeys have been marred by past credit challenges, such as missed payments, defaults, county court judgements (CCJs), and even bankruptcy. It also extends a helping hand to those currently dealing with debt…

The world of mortgages can be a confusing labyrinth, especially for the self-employed in the UK. A recent study by The Mortgage Lender (TML) sheds light on the unique challenges faced by this group, highlighting a pressing need for more understanding and specialised services in the mortgage market. Understanding the Self-Employed Struggle The self-employed, who…

Leeds Building Society has recently rolled out an innovative series of mortgage products, aptly named ‘Reach Mortgages’. This move is a game-changer, especially for those struggling to step onto the property ladder. Breaking Down ‘Reach Mortgages’ The core idea behind Reach Mortgages is pretty straightforward but powerful. They are designed to assist customers who have…

Pepper Money has recently unveiled its 2023 Specialist Lending Study. The findings are eye-opening, revealing that a staggering 15.16 million individuals in the UK have encountered some form of adverse credit. This group includes those who have missed credit payments, faced defaults, County Court Judgments (CCJs), fallen into unsecured or secured arrears, or entered a…

In the UK, single parents, numbering around three million, often find it challenging to secure a mortgage. The primary obstacle is the adequacy of their sole income in the eyes of lenders. This issue has been compounded by a significant 10.5% increase in house prices over the past year, as reported by the Halifax house…

Recent research from Bluestone Mortgages has highlighted a concerning financial trend in the UK. Astonishingly, 18% of UK adults, which amounts to about 9.7 million individuals, have missed at least one payment over the past year. This alarming statistic includes 7% of mortgage holders who have failed to make a payment. The Stigma of Seeking…

Buying a home is a dream for many, but getting a mortgage can be a complex process. Especially after the 2008 financial crisis, banks have tightened their lending criteria. It’s crucial to know what to watch out for when applying for a mortgage. A new article in The Times breaks down five key things that…