At Solution Mortgages Ltd we have a number of lenders who can help with all sorts of scenarios. it doesn’t matter if you are looking for a secured loan, remortgage or a purchase, we can assist with all types of lending. This week we are going to focus on one of our specialist lenders from our secured loans panel. They…
Author: Scott Morrissey
Deal of the week
Scenario, A client applied via our website looking to raise £25,000 by way of a remortgage. She wanted to raise the money for consolidation of her credit cards and to complete the proposed home improvements. The home improvements consisted of a new kitchen, new garage roof and a new patio. The difficulty she was having was a combination of…
Weekly insight into one of Lenders Criteria
At Solution Mortgages, we pride ourselves on our diverse panel of lenders. From our panel of lenders, we have some of the best products available. In our weekly blog on Lending criteria, we will give a snapshot of some of the standout points that help us find a solution where others can’t. This weeks lender helps clients who want…
Helping our clients where other’s can’t
At Solution Mortgages, we pride ourselves on having access to an incredibly diverse range of products which can help our clients in almost all circumstances. Below is a list of area’s we can still help to raise money via a Mortgage or Secured loan; Self Employed with just one year’s accounts CCJ’s registered in the last two years Defaults registered…
Case Study – Can I get a mortgage with a Non Standard Construction Property?
A client came to us recently looking to raise £20,000 against a mortgage-free property. They had been declined on two counts. 1 – Their property is Timber framed and considered Non-Standard Construction. 2 – They had some historic defaults and CCj’s registered in the last two years. When we told them that we had a solution, they couldn’t believe it…
MPC hold the base rate at 0.75%
The Monetary Policy Committee has decided to hold the base rate at 0.75%. They meet every six weeks to determine the base rate and voted unanimously to keep it at 0.75%.Given the outcome of Brexit being undecided, this was to be expected. Although the 3rd quarter data has suggested a recession should be avoided, the MPC is sticking to a cautious…
We can still help even if you have CCJ’s, Defaults or missed payments
We pride ourselves on having a lending panel which can help in most circumstances when considering a mortgage or remortgage. All lenders have a slightly different view on how they should lend. So where one lender says no, another will say yes. More often than not our clients come to us stating you will probably not be able to help…
Deal of the week
Scenario Recently, a couple contacted us hoping to raise a £60,000 loan. They had experienced some difficulty in finding an unsecured loan for two reasons. Firstly, the size of the loan was a problem because the majority of unsecured lenders have lending limits of £25,000 maximum. Secondly, their low credit score presented a problem which reflected the constant use…
Uses for a loan (Second Charge Mortgage)
You can easily raise a loan as a second charge on your property. The most common reasons for a loan is to consolidate credit or for home improvements However, you can use this type of loan for many other reasons, such as: Car purchase School fees Weddings Gifting money to your children Repay a tax bill Transfer of equity Lease…
Right To Buy Purchases
Right To Buy (RTB) Purchases in my humble opinion are one of the best ideas the goverment has come up with. This is a scheme where a tenant has the opportunity to purchase their council / housing association property at a discounted price. The discount will usually depend on how long you’ve lived at the property for. i.e. The longer…