what MORTGAGE

What’s a second mortgage? Busting myths around secured loans

A second mortgage – also known as a secured loan - can be smart alternative to a remortgage for those who need to raise finance for home improvements or other big events.
They have many uses - but how to do they work and who can apply for one? Plus, how quickly will you receive the loan? Matt Tristram, co-founder and director of Loans Warehouse, answers all our questions and busts some myths around these lesser-known but super handy mortgage products.

What’s a second mortgage? Busting myths around secured loans

A second mortgage – also known as a secured loan - can be smart alternative to a remortgage for those who need to raise finance for home improvements or other big events.
 
They have many uses - but how to do they work and who can apply for one? Plus, how quickly will you receive the loan? Matt Tristram, co-founder and director of Loans Warehouse, answers all our questions and busts some myths around these lesser-known but super handy mortgage products.
 

Is it a good time to buy a home?

Interest rates are high, there’s an election looming and the property market is ‘subdued’ according to economists. With so much uncertainty is it a good time to buy a home?
What Mortgage editor, Kate Saines, put this question to a mortgage broker with 21 years’ experience in the industry. David Jackson, owner and founder of Prestige Private Finance, has been through many ups and downs in the mortgage and property worlds so he has seen first-hand how these events have played out in the past for his many clients.
Whilst he doesn’t, sadly, have a crystal ball he does have lots of tips on how first-time buyers and movers can gauge when the time is right to move and what they need to have in place to make the homebuying process as smooth as possible.
Among the topics covered in this podcast are:
Is now a good time to buy a home and if not when is the ideal time to make a move?
How can first-time buyers and movers prepare to take out a home buying mortgage?
What will happen to mortgage rates in the next year?
Property market forecast 2024 and beyond
You can find out more about Prestige Private Finance by visiting their website https://www.prestigepf.co.uk/
If you are a mortgage or homebuying professional keen to share your knowledge with our readers in future episodes, get in touch with Deborah Hindley at deborah.hindley@emap.com

What does a mortgage broker do and how can they help you?

If you are new to homebuying, moving house or even remortgaging you may be considering using a mortgage broker, or adviser, to help you search for the best deal.
But what do they do for you, exactly, and is it worth using one?
We invited Aaron Tyson, director of Open Financial Advice into to the What Mortgage studio to chat to our editor, Kate Saines, to find out more. He’s a mortgage broker and a financial adviser and he explains more about his job, how he helps clients and also what services he offers.
It turns out, brokers don’t just find mortgages – in fact they can be a guide throughout the whole homebuying process.
This interview is available as a podcast or video and will offer a useful insight into what brokers do and whether they are worth using when taking out a mortgage.
If you are a mortgage or homebuying professional keen to share your knowledge with our readers in future episodes, get in touch with Deborah Hindley at deborah.hindley@emap.com

Think you won’t qualify for ‘standard’ mortgage? There’s another option…

Are you a homebuyer whose circumstances are a little out of the ordinary? Maybe you are self-employed or have a complex income – with bonuses or on a contract basis, for example.
Or perhaps you have had poor credit caused by missed payments or a CCJ in the past? Or you may need a bridging loan or a second mortgage.
If you are worried you might not qualify for a standard mortgage – do not be put off as there are products out there for you thanks to the specialist mortgage market.
Sarah Tinkler, mortgage and protection adviser at Clever Mortgages, knows a thing or two about these as she has won awards for her work with clients with adverse credit.
Sarah joined our editor, Kate Saines, in the What Mortgage studio to share her knowledge about specialist mortgages. From who and what qualifies as ‘specialist’, how brokers can help you find and apply for this kind of loan and how to prepare for the application.
This interview is available as a podcast or video and will be ideal for anyone who wants to become a homeowner but thinks they won’t qualify for a mortgage. Sarah’s here to say, there is hope…
If you are a mortgage or homebuying professional keen to share your knowledge with our readers in future episodes, get in touch with Deborah Hindley at deborah.hindley@emap.com

First-time buyers: Tips to help you get mortgage ready

Are you eager to get on the property ladder but not sure where to start? Perhaps you dream of owning your own home but are worried about your finances?
Help is at hand…
Paul Broadhead, head of mortgages and housing, Building Societies Association (BSA, joined our editor, Kate Saines, at the What Mortgage studio to share his wealth of mortgage knowledge with upcoming homebuyers.
He has tons of great tips for first-time buyers on how to prepare for their first mortgage application.
From the big stuff like where to save your deposit and which schemes are available to some insider advice on how to manage your spending in the run-up to the application.
The chat is available as a video and podcast and it’s the first part of a series of expert interviews we are publishing to help readers navigate the mortgage market.
This video/podcast will be super helpful if you are first-time buyer but anyone about to take out a mortgage will find some useful guidance here too.
If you are a mortgage or homebuying professional keen to share your knowledge with our readers in future episodes, get in touch with Deborah Hindley at deborah.hindley@emap.com

What Mortgage Podcast EP02 - Is it worth investing in buy-to-let

Are you a landlord who feels tied up in red tape Are you struggling to keep up with soaring interest rates and overwhelmed by constant changes?
If so, this podcast is for you.
What Mortgage’s editor, Kate Saines, was lucky enough to interview one of the best-known buy-to-let experts in the mortgage industry, Jeni Browne of Mortgages for Business, who answered our readers’ questions.
Jeni kicked off by answering one of the most frequent questions we get from landlords in these current times – is it worth investing in buy-to-let at the moment?
She also explained what’s happening to buy-to-let mortgage rates and what options there are for remortgaging landlords.
For anyone who is feeling a bit bogged down in new legislation Jeni also unravels some of the regulations and she has some good news for anyone worried about new Energy Performance Certificate (EPC) changes.
Finally, she explains more about portfolio mortgages and special purpose vehicles and discusses multi-tenancy lettings.
This podcast is full of up-to-date advice, info and expert guidance for landlords – whether you are a would-be investor considering dipping your toe into buy-to-let or a seasoned professional.
Thank you to Jeni Browne, sales director at Mortgages for Business, for being our expert on this podcast
Presenter: Kate Saines
Producer: Ash Marshall
Got a question for a future podcast guest? This is your podcast, we want to deliver info which is useful for our followers so please do let us know if you have a question or a subject you want us to explore in more detail. Send us a question by emailing kate.saines@emap.com or write your message in the comments section below

What Mortgage Podcast EP01 - Taking out a mortgage when interest rates are high with Gemma Bennett from The Mortgage Mum

Should I wait for interest rates to fall before I remortgage? What is the best deal for a first-time buyer when interest rates are so high? I want to move but is now a good time?
Do any of these questions sound familiar? Maybe you are in a similar situation - about to buy a home or remortgage but nervous about high rates.
If so then help is at hand, thanks to What Mortgage’s very own expert columnist Gemma Bennett from The Mortgage Mum. Gemma dropped in for a chat with our editor, Kate Saines, earlier this week to answer your burning questions.
The What Mortgage Podcast is written and presented by Kate Saines and the Producer is Ash Marshall.
For more information go to whatmortgage.co.uk