Due to the large number of commercial mortgages that Solution Mortgages has been undertaking we have decided to launch a dedicated commercial mortgage arm called Commercial Lending. Commercial Lending is headed up by Drew Mitchell who has recruited an experienced team of commercial mortgage brokers. The team has over 15 years of commercial mortgage experience, so you can rest assured…
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ASU Insurance
Solution Mortgages now offer Accident Sickness & Unemploymnet Insurance (ASU insurance) through it's website www.solution-mortgages.co.uk We do not offer advice on insurance products however it is prudent for any new loan borrower to protect themselves against the possibility of loss of earnings due to accident sickness or unemployment. This insurance is not compulsory and your loan application will not be…
Solution Mortgages – Pre budget hopes!
The mortgage market is still reeling from the emergence of the credit crunch last August. When the chancellor, Alistair Darling makes his Budget speech tomorrow, we will all be waiting with bated breath. It will be made by the first chancellor to preside over a run on a UK bank since savers lined the streets outside Overend, Gurney & Co…
Treating customers fairly
At Solution Mortgages Limited we are committed to offering our customers the highest possible standards of service, In doing so we are pleased to support the Financial Services Authority initiative ‘Treating Customers Fairly’. We recognise that both we and our customers have everything to gain if we look after your best interests and treat you fairly in all aspects of…
Remortgaging with CCJ's
Trying to arrange a remortgage when you have a County Court Judgement (CCJ) registered against you can be problematic. However, if you speak to Solution Mortgages, a CCJ remortgage specialist which should still be able to help you. At Solution Mortgages we have access to a panel of lenders in the UK who will consider people with current and historic…
Interest rates left on hold
The Bank of England have decided to leave interest rates unchanged at 5.25% today which will provide disappointment for many mortgage holders. Many had hoped the Monetary Policy Committee (MPC) would cut rates but we may have to wait until next month now. The main reason for not cutting rates is likely to be the threat of inflation from rising…
How to avoid mortgage arrears
Many mortgage borrowers face the risk of going into arrears on their mortgage this year. The credit crunch with higher costs of borrowing and rising energy and fuel costs are starting to hurt homeowners. Whatever you do, your mortgage needs to take preference but if you are struggling you should look at your current mortgage and address the situation. With…
Remortgage – debt consolidation
If you have debts owing to a range of creditors and you are paying multiple payments each month which are becoming unmanageable, you may wish to consider a debt consolidation remortgage. Debt consolidation is when you take your outstanding debts and consolidate them into one payment which has a lower interest rate than you are currently paying. This therefore lowers…
Sub prime remortgage
If you are a homeowner and are contemplating a remortgage of your property, you may find it more difficult if you have a poor credit history. County Court Judgements (CCJs), mortgage arrears, defaults, bankruptcy, or having no proof of income all affect your credit rating. Adverse credit will certainly make it unlikely that many traditional high street lenders will be…
Key factors to consider when remortgaging
Solution Mortgages has compiled a list of information that you should give serious consideration to when considering a remortgage. Please find these listed below:-Lending into retirementIf your mortgage period extends into retirement it is your responsibility to ensure that you will still be able to repay the mortgage. Your income is likely to reduce after you retire and you will…