Spotlight On: Mortgage Subsidies

With some buyers remaining nervous about higher mortgage rates, don’t forget that most lenders will allow you to offer a mortgage subsidy if you have the ability to offer a financial incentive.

The benefit of a mortgage subsidy is that it doesn’t need to take up a full 5% incentive as it is tailored to your individual circumstances. Ultimately delivered as a cashback on completion, mortgage subsidies can be calculated over 2, 3 or 5 years to provide a buffer to your budget while interest rates stabilise. In the mortgage scenario above, a 5% incentive used as a mortgage subsidy could bring the monthly payment down to less than £850pm for 5 years. Speak to your Mortgage and Protection Adviser for more information.

Spotlight On: Let to Buy

Let to Buy is simply the process of letting out your existing property to enable you to move forward with a new residential purchase.

Spotlight On: Perenna Bank

A relatively new lender, but one that you may start to hear more and more about, is Perenna Bank. Providing lending of up to 6x

Spotlight On: Foreign Nationals

As Part Exchange enquiries increase and Home Movers continue to lead the way in terms of reservation numbers, many purchasers will already have a mortgage

Spotlight On: Non-Standard Employment

Many potential home owners have no idea of the different ways lenders will view their income. Not all contractors are viewed as self-employed and we

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MORTGAGES ARE SUBJECT TO STATUS, VALUATION AND LENDER CRITERIA AND ARE NOT AVAILABLE TO PERSONS UNDER THE AGE OF 18.

A BROKER FEE MAY BE PAYABLE UPON MORTGAGE APPLICATION. ANY FEE PAYABLE WILL DEPEND ON YOUR CIRCUMSTANCES. YOUR MORTGAGE ADVISER WILL EXPLAIN ANY FEES APPLICABLE IN YOUR INITIAL APPOINTMENT.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU RE-MORTGAGE.

New Homes Mortgage Helpline is a trading name of The New Homes Group Limited which is registered in England and Wales under company number 2509770, Registered Office is Cumbria House, 16-20 Hockliffe Street, Leighton Buzzard, Bedfordshire, LU7 1GN. VAT Registration Number is 500‍ 2481‍ 05.

For activities relating to regulated mortgages and non-investment insurance contracts, The New Homes Group Limited is an appointed representative of Connells Limited which is authorised and regulated by the Financial Conduct Authority.

Connells Limited’s Financial Services Register number is 302221. Most buy-to-let mortgages are not regulated.