HELP TO BUY ISA – 9 QUESTION QUICK GUIDE
1. What is the Help to Buy ISA? Introduced in the 2015 Budget by George Osborne, the Help to Buy ISA scheme helps First Time Buyers build a deposit for their first home with financial assistance from the Government. 2. How does the ISA work? In a nutshell, for every £200 you place into your Help...read more
Getting from A:B – Understanding the Mortgage process
Daunted by the Mortgage process? There’s no need to be, because you are not alone. First, second or tenth time. Having someone scrutinise your finances is never going to be a comfortable experience. But we can help reduce some of the stress and worry by giving you an overview of the process so...read more
The BIG Mortgage Secret
Imagine this. Yesterday was payday. This morning, as is ritual every month, you log on to your banking to check everything is in order. But there’s something different this time. The Mortgage payment: it’s still there. You blink. You blink again. It’s still there. You check last month’s statement....read more
Mortgage Rates are Falling Down, Falling Down…
Each week seems to be bringing another mouth-watering, jaw-dropping, low-defying mortgage rate. The tail end of 2014 and beginning of 2015 saw rates plummet to new records with a variety of fixed, tracker and discount rates now on the market, some as low as 1.19%. Great Rates! Wait, there’s...read more
No Increase to Bank of England Base Rate Till 2016?
Economists in the UK can’t seem to agree when we’ll see the base interest rate rise. Many still feel that it would be good to maintain the historic 0.5% level as opinions are split as to whether the economy would be strong enough to handle a rate increase. The Good News With the Base Rate...read more
WINNERS! 2 Awards for MUMS
We are very proud to announce that on Thursday 22nd January at Personal Touch Live 2015, Michael Usher Mortgage Services received two awards for its high quality service. The awards ceremony, hosted by Sky Sports presenter Jeff Stelling, was the culmination of a one day event held by Personal...read more
5 Mortgage Tips for First Time Buyers
Last week Halifax Reported that First Time Buyers were at their highest since 2007. An estimated 326,500 people purchased their first house or flat in 2014; a 22% increase on 2013’s figures. At Michael Usher Mortgage Services, we hope the trend continues and this year we see even more people...read more
Mortgage Rate are low, but when will they rise?
Mortgage rates here in Camberley Surrey A short but to the point article appeared in the Daily Telegraph today written by Nicole Blackmore. In it she reminded us that before the crisis in 2008 there was little difference between Bank Rate and two – year fixed rates. Lenders were competing...read more
How much could you save with the new stamp duty rates?
There were many announcements in this week’s Autumn Statement. One of the biggest announcements were changes to the stamp duty thresholds. This could make a big difference to the amount you have to find upfront when buying a property here in Surrey and Hampshire. But just how much could you save?...read more
UK house prices to rise 8 pct this year even if BoE acts
House prices in the UK are expected to rise 8% this year. This is good news in one way, but I believe it is not sustainable in the long term. Because its the first time buyers that are suffering, as many are unable to get their first mortgages due to the ever increasing requirements of the...read more