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The Mortgage Clinic Blog by Helmut Elstner

A guide to finding a new mortgage deal… Remortgaging Jul 2017

Has your fixed interest rate expired or about to expire on your current mortgage deal? Monthly payments increased?  If this is you then these are your options... Do nothing when your fixed interest rate expires, you will then move onto your lenders variable interest rate which is most likely higher than the rate you are currently on. This will see your monthly payments increase and also leave you susceptible to interest rate rises which at every increase of interest rate set by the Bank o [...]

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First Time Buyers Mortgage Advice: Help to Buy ISAs Jun 2017

Cash Bonus of Up to £3000 available for First Time Buyers! Open a Help to Buy ISA First time buyers must bear in mind that with historically low interest rates repayments on their mortgage may well be less costly than monthly rent. Seeking out professional mortgage advice to help you model your affordability is always recommended and at The Mortgage Clinic we offer free mortgage planning appointments. Raising the deposit for a house purchase is not however easy, and for those who are [...]

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Mortgage Advice: Which Life Insurance & Critical Illness Cover? May 2017

How best to protect your Mortgage? At The Mortgage Clinic when we provide mortgage advice to homebuyers we also provide expert insurance advice to protect the mortgage and family. Although it is unpleasant, it is important for homeowners and indeed for all of us to consider how they would cope financially in an emergency. It is vitally important that when you are spending money on Life Insurance & Critical Illness Insurance that your choice of policy is carefully considered. It needs to [...]

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New Home Insurance Renewal Transparency Rules Apr 2017

Is Your Home Insurance due for renewal? Under new insurance renewal transparency rules which came into effect earlier this month when an insurance company contacts you to renew a home insurance policy, it must now disclose the previous year’s premium* In the past, insurers have been able to raise the premium in the hope that the policyholder will not take the trouble to check if it has increased, or assume that there will be some reward to staying loyal to the company. Contact The Mortg [...]

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Best Mortgage Rates April 2017 Apr 2017

Mortgage Rates have never been so cheap! Articles in the national press this week say mortgage rates have never been so cheap! and may fall even lower in the coming weeks (1) Buy to let lending has fallen by 44% and seems to be sparking a price war in the residential lending market with lenders desperate for business. (1). Mortgage rates for first time buyers are as low as 1.09% for two years fixed interest rate, and 1.7% for five years fixed interest rate (2) Depending on factors such as [...]

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Best Mortgage Deals March 2017 Mar 2017

First time buyers Mortgage Deals have never been so cheap! Commentators in the national press this week say mortgage deals have never been so cheap! (1) Depending on factors such as the amount you have available for deposit and whether you are eligible for discounts we can provide tailor made advice to suit your individual circumstances. Mortgage deals for first time buyers are as low as 1.09% fixed interest rate for two years (2) Savings can also be made by existing homeowners with remor [...]

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Is it better to take out a mortgage via a Mortgage Broker, or go it alone? Oct 2016

Already 60% of mortgages are brokered and thanks to new home loan rules that number is sure to grow Gone are the days when if you wanted a financial product as daunting – and expensive – as a mortgage you would pop into your local bank branch for a cosy chat with the manager. As recently as 2012, most mortgages were taken out directly from a bank or building society. Yet fast forward a couple of years and a combination of fewer bank and building society branches, a growing loss of [...]

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Remortgage Advice: Saving money by Remortgaging Oct 2016

Has your Fixed interest rate expired on your current mortgage deal? Monthly payments increased?  If this is you then you are likely to be thinking about the following options...however believe it or not most customers think they have to stay with their current lender. Sign up to a new mortgage product with your current Mortgage Lender. Beware! This may not be the best deal available to you, and may be more expensive over the coming years. We recommend remortgage advice at this poin [...]

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Mortgage Advice: Ways to improve your Credit Score Oct 2016

Have you been declined for credit or a mortgage application? Or not sure what your chances are? Follow the steps below to increase your chances of a successful application Make sure you are registered to vote at your current address Just by being registered on the electoral roll will give you points to boost your credit score. Lenders use the Electoral Roll (electoral register) to check that you live where you say you do, also for fraud checks. It may take 1-2 months for your credit file to [...]

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Mortgage Adviser Belfast, Saving YOU money by changing to a new lender Sep 2016

Fixed interest rate due to expire on your current mortgage deal? How to save money by Remortgaging. If this is you then you are likely to be thinking about the following options...however believe it or not most customers think they have to stay with their current lender. Sign up to a new mortgage product with your current Mortgage Lender. Beware! This may not be the best deal available to you, and may be more expensive over the coming years. Our Mortgage Adviser Belfast advises sho [...]

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What does a Mortgage Broker do differently than your Bank? Sep 2016

At The Mortgage Clinic we help you avoid being declined, improve your chances of a successful application, and save you some money! Whether you are first time buyers or home movers, or looking for a new mortgage deal, or if you are buy to let investors, there are a vast number of mortgage products on the market for you to trawl through. It can be a time consuming task to search through all of these providers and their products to ensure you get the best deal, and that you and your property meet [...]

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Why use a Mortgage Adviser? Jul 2016

What does a mortgage adviser do that you can't? And why should you pay for their services when there are loads of other costs when moving home or remortgaging? If you're asking yourself these questions, it can be more than tempting to cut out the middleman. However, you may want to think twice! Mortgage advice from a reputable mortgage adviser at The Mortgage Clinic can be an invaluable service and you should consider the following... You're protected An important thing to understand i [...]

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First time buyers Mortgage Guide: Mortgage Advisor Belfast Jun 2016

Buying your first home is an exciting time but can also be quite daunting. Before you have decided on the right property for you there is a lot to think about and this guide will hopefully prove useful. There can be a lot of disappointment and frustration unless you are properly prepared, we aim to point out some of the pitfalls and mistakes our Mortgage Advisor commonly sees when unprepared customers come to The Mortgage Clinic Belfast. Get your own house in order... Bank Accounts Be [...]

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Remortgage and Save Money: Remortgage Advice Belfast May 2016

Fixed interest rate coming to an end? Save money by Remortgaging. When your current mortgage deal comes to the end of its fixed terms you are faced with the following options for the next period of your mortgage. Stay with your current mortgage provider and take a new mortgage deal. This may not be the best deal available for you Do nothing and move onto your existing mortgage lenders variable interest rate, leaving you susceptible to interest rate rises and potentially out of pock [...]

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Remortgage and save money ££: Mortgage Advisor Belfast May 2016

Is your current mortgage coming to an end? How to save money by remortgaging. When your current mortgage deal comes to the end of its fixed terms you are faced with the following options for the next period of your mortgage. Stay with your current mortgage provider and take a new mortgage deal. This may not be the best deal available for you Do nothing and move onto your existing mortgage lenders variable interest rate, leaving you susceptible to interest rate rises and potentiall [...]

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The Benefits of visiting an Independent Mortgage Adviser May 2016

At The Mortgage Clinic we help to avoid mistakes, improve your chances of being accepted, and save you money. Whatever your level of experience with mortgages from first time buyers to home movers, or looking for a new remortgage deal, right up to buy to let investors, this can be a daunting process as there is a vast number of mortgage products available from 100s of providers. It can be mind boggling to search through all of these providers and their products to ensure you get the best deal, [...]

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November is Men’s Health Awareness Month Focus on Critical Illness Cover Oct 2015

November is Men’s Health Awareness Month – A time to focus on the health risks that face males in the UK. Do you know the risks? 1 in 8 men will be diagnosed with prostate cancer at some point in their lives[i] 146,000 people suffer a heart attack every year, of which 52,000 will survive[ii] 1 in 35 men will develop cancer before the age of 50[iii] By the age of 75 1 in 6 men will have had a stroke; the average age in Northern Ireland is only 38[iv] There are around 100,000 [...]

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Time to review your Variable interest rate Mortgage product ? Independent Mortgage Advice Belfast Sep 2015

The Bank of England has held for another month - the 78th month in a row! But coming months are expected to bring changes and Mark Carney, Governor of Bank of England, has suggested the base rate will rise around the turn of the year. This will move many into a new territory of an increasing rate environment –something we haven’t seen for many years, and that new borrowers may never have seen, or had to deal with. Lenders haven’t yet raced to increase their rates and there are still goo [...]

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