John Yerou, MD of C&F Mortgages, will be giving his expert opinion on the latest issues affecting Contractors and Freelancers.
Human Rights May Get Non-EU Residents Help-To-Buy Mortgages
Posted by on April 1st, 2013 in John’s Blog
The EU’s human rights rules could have a knock on effect to UK housing. Under the legislation, the Help-to-Buy scheme could help foreign EU and non-EU residents buy a home in the UK.
The Help-to-Buy scheme in itself is the shot in the arm the depressed housing market needs. Through it, lenders would offer mortgages subsidised by the Government.
For one, it would make the housing market more accessible to UK first time buyers. It would also help younger/lower-income Brits with 5% deposits buy a home.
But, under EU rules, the UK can’t confine this type of mortgage lending to its indigenous citizens. People both inside and outside the Eurozone will have equal access to Help-to-Buy.
Continue reading »Human Rights May Get Non-EU Residents Help-To-Buy Mortgages
Contractors shouldn’t ignore protection insurance
Posted by on May 14th, 2012 in John’s Blog
Permanent Health Insurance Vs MPPI
The scandal over mis-sold PPI has meant that a lot of self employed contractors have refused to take out income protection on their mortgage payments because they do not understand that it is a different product.
Continue reading »Contractors shouldn’t ignore protection insurance
Homeowners face “shocking” rise in SVRs from major lenders
Posted by on April 13th, 2012 in John’s Blog
These are testing times for freelancers and contractors coming to the end of their discounted rate mortgage period. Several High Street lenders have recently raised their SVRs.
These increases are making homeowners across the spectrum justifiably nervous about their repayments. So, who are the guilty parties, and what can you do about it?
Continue reading »Homeowners face “shocking” rise in SVRs from major lenders
Buy-to-let landlords prosper as first-time buyers shut out
Posted by on April 22nd, 2011 in John’s Blog
For a combination of reasons, first-time buyers continue to struggle to get their feet on the housing ladder. In the meantime, the buy-to-let market is witnessing the return of property investors.
The largest investors in properties are self-employed people. This includes contractors operating through umbrellas or their own limited companies.
Continue reading »Buy-to-let landlords prosper as first-time buyers shut out
Mortgage seekers must get a grip on reality
Posted by on January 13th, 2011 in John’s Blog
UK property owners have lost touch with reality when appraising new mortgage interest rates. That’s the astonishing conclusion a new study by unbiased.co.uk has reached, anyway.
The research showed that average UK homeowners would only apply for a fixed-rate mortgage at 3.3% or less.
Similarly, 16.6% of people would not switch from a tracker mortgage unless they could secure a fixed rate deal at 2%.
This view is unrealistic in the current climate, as the website notes.
But is it any different for contractors looking to buy a home or remortgage?
Continue reading »Mortgage seekers must get a grip on reality
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