Latest news, stories, helpful articles and handy tips from the Eligible team.
The Budget brought good news for the industry with the announcement of a new mortgage guarantee scheme for 95% LTV loans. The move has rekindled interest and momentum among first-time buyers keen to get on to the property ladder. As a result, you may be getting many new purchase enquiries and leads interested in 95% LTV products. Below is a breakdown of the current trends we’re seeing which can help you quickly qualify your leads and manage expectations.
Is history repeating itself? Five years on from the stamp duty surcharge by Eligible CEO, Rameez Zafar. Do you remember exactly what you were doing five years ago? While there is currently significant focus on Chancellor Rishi Sunak’s announcement that the stamp duty holiday has been extended, another stamp duty milestone is approaching that nobody’s talking about.
Take a look at everything we know so far about 95 ltv mortgages. So, what we do know is Chancellor Rishi Sunak announced plans for a new 95% LTV mortgage guarantee scheme in the Spring Budget. But what's it all about? In a nutshell, the initiative aims to help people who have just a 5% deposit buy a home or remortgage.
Christmas presents aren’t the only things flying off the shelves at the moment. The shelf life of a mortgage refers to the amount of time it is available to customers before lenders pull it and replace it with a new product with a different rate or terms. Once you have helped clients find a suitable deal, they need to get their skates on apply for it. If they dither, they risk losing out.