Joshua Cridlin - Mortgage Advice

Following concerns over the dramatic rise in inflation, an increase in the Bank of England base rate is expected in the coming months. Whilst many predict an increase in the early months of 2022, some are predicting an increase as early as December this year.

Although the 'rate war' between lenders is still ongoing, you could expect to see these rates begin to rise in line with the Bank of England base rate.

So, I cannot stress enough... if you're looking to review your mortgage requirements, there may not be a better time to do so than now!

📞 07713182955
📧 [email protected]. or my inbox is always open!

https://www.ft.com/content/1c0d0da5-2db8-4ec2-a577-0542317426c3

Investors crank up bets on UK interest rate rises Bank of England policymakers indicate tough stance on inflation

So yesterday bought an end to the furlough scheme which has helped millions during COVID...

This has left many in limbo. With statutory sick pay paying out just £96.35 a week, who can realistically afford to live on this if you are off of work unwell?!

Did you know you can protect your income via an insurance policy if you had to take time off of work due to illness or injury? 😮

Don't take that risk and get your income protected today! Let's chat 👋

📞 07713182955
📧 [email protected]

How can I improve my credit score?🤔

I've had numerous clients ask me this recently. A strong credit history is important when applying for a mortgage. All lenders will perform a credit search on your profile at 'Decision in Principle' stage. Depending on the results, they may consider a full application from you.

So what can you do to put yourself in the best position to be accepted?

1. Register on the Electoral Roll...

This will prove where you live and can have an immediate impact on your credit score.

2. Build Credit History...

A common misconception is that using credit will have a negative impact on your score. Having little or no credit history makes it difficult for lenders to assess you - they want to see that you can borrow responsibly!

Even if it is making a small payment on a credit card and then paying it off in full, this can be beneficial. Please be aware, when you first get a credit card/loan, it might briefly cause your score to drop. But used well, it can help you build your score over time.

3. Keep Credit Utilisation Low...

Your credit utilisation is the percentage you use of your credit limit. A lower percentage is seen positively by lenders and can boost your score. If possible, it is a sensible idea to aim to keep your credit utilisation below 30%.

4. Make Payments on Time...

Finally, a fairly self-explanatory one! Making regular payments on time will show lenders that you can manage your finances responsibly. Usually, older well-managed accounts will benefit your score significantly.

To have a confidential chat about your credit history or for any general enquiries, feel free to drop me a message! 😁

👀 WEEKLY INTEREST RATE WATCH 👀

As the interest rate war between lenders continues to heat up, rates are continuing to fall!

For a two-year fix, the average rate dropped from 2.44% to 2.41%. For a three-year fix, the average rate tumbled from 2.45% to 2.38%.

And for a five-year fix, the average rate decreased from 2.68% to 2.63%.

The average rate for a 10-year fix remained at 2.99% throughout the week.

The rates available will all depend on the loan to value that you are borrowing at.

There are rates out there in the current market as low as 0.87%!!! 🤯

It is important to note however, these 'headline rates' are not always the most appropriate product for your needs. A good broker will consider ALL factors when recommending a product ie. product fees, product flexibility etc.

You may be wondering... how much longer can these rates continue to fall...?

The short answer - no one really knows as there are many unforeseen factors that dictate the fluctuation of these rates. However, I would suggest that these rates cannot continue to go much lower and I think they may settle and remain static for a while before beginning to increase as the economy recovers.

These low interest rates should be embraced while they are here. Even remortgage customers should consider their options right now!

Get in touch!

🤑Have you considered investing in property?🤑

Make your money work smarter, not harder! There are a number of key benefits that come with investing in property.

These include...

∙ Extra income! Renting your property is one of the best ways to earn from your investment. Subtracting the tax and maintenance costs, you'll likely still get a decent amount of income without doing anything much.

∙ Capital growth! You may find that the value of the property increases in line with inflation. Purchasing property in a developing location is a decision that could prove to be extremely rewarding.

∙ Reduced volatility! People see stocks as high-risk investments and it can bankrupt you if you’re not careful. This is one reason why people invest instead on properties as they’re less volatile compared to shares and similar options.

Let's go through your options!

📞 07713182955
📧 [email protected]

Well... after the heartbreak in the final, I have just about recovered (I think!) and am ready to help you all with any enquiries!

Despite the result, proud of all the lads and I think we can all agree, the racist abuse that some of them are receiving is disgusting and needs to be kicked out of the game😠

Qatar 2022... it's coming home👀 Too early?!?

Looking forward to getting back to helping you all, keep your eyes peeled for some new content coming soon...

📞 07713182955
📧 [email protected]

Or DM me!

Are you looking for some guidance on your mortgage requirements? I'm your man!

Whole of Market ✅
Independent ✅
Quality Advice ✅
100% Customer Satisfaction ✅

Get in touch today! 😁

Now for the important question, is the tea in the photo below the right colour? 🤔 🤣

What a review😍

Loved helping these guys out!

Thought of the day 💭

'Imagine playing Monopoly and never buying any assets or investments that generate income 💰

Imagine you just went around collecting $200, giving your money to the rich and trying to stay out of jail.

That is how most people live their lives 🤯'

There are some crazy rates out there at the moment - some lenders have recently dropped their rates below 1.00%!!

If you're currently on a standard variable rate (SVR) or your fixed rate is coming to an end in the coming months, I urge you to get in contact and fix in to a lower rate whilst they are available.

Could save you a fair few pennies!! 💰

Alternatively, do you know anyone who could make use of my services? Earn a quick buck - for any successful referrals I'll send £50 worth of vouchers for a retailer of your choice straight through your front door!

Happy Friday and more importantly... HAPPY EURO'S DAY!! ⚽️

Mr. Southgate here sums up how I'm feeling today 😎

Come on England, don't let us down (again)!!

Calling all self employed workers 📣📣

Have you considered the repercussions if you were not able to work due to illness or injury??

With no sick pay scheme in place, you may find yourself in a tricky spot.

But... there is a solution!! 😁

Protect your income with an 'income protection' policy. You will receive a percentage of your salary each month whilst you recover meaning you are able to keep up with monthly bills, mortgage payments etc.

You may be surprised how cheap income protection can be. Drop me a message and we can go through your options!

Mob: 07713182955
Email: [email protected]

Great review from great clients🤩

Getting that life admin sorted is one of the most selfless things that you can do.

Let's get it sorted together, stick the documents away somewhere safe, and rest easy knowing that your loved ones are protected if you were no longer here.

An interesting read for anyone coming towards the end of their fixed rate product...

Rates out there as low as 0.95%!!! 🤯

Drop me a message and let's go through your options! 😊

https://www.thetimes.co.uk/article/why-now-is-the-time-for-you-to-remortgage-c0n3jzl3m

Why now is the time for you to remortgage Homeowners stuck on expensive mortgage deals or hoping to borrow money for improvements can capitalise on a housing market boom that has pushed down rates.Platform, the broker arm of the Co-op Bank

When choosing a broker to help guide you through the mortgage process, there are a couple main things to look out for...

First and foremost, you need to be able to TRUST the adviser. If you cannot put your full faith into them, they aren't right for you.

Next up, have you considered if they are whole of market? Whole of market meaning that they can offer mortgages from ALL lenders. You want to make sure all products have been considered so as to ensure you get the best deal.

Through myself, you can rest easy knowing that we are a whole of market broker and we only have your best interests in mind. I work around the clock to ensure my clients have no worries throughout.

Open to any questions down below! 😊

Has anyone watched Marriage or Mortgage on Netflix?

Seems an interesting concept 🤔

With the average wedding in the UK costing £30,000 and the average house deposit in the UK costing £57,000 (£30,000 in NI), it seems it's becoming impossible to have both...

Or is it?!

With the financial impacts of the last year, it has changed many people's outlook. Rather than having a big doo, many are opting for a more intimate event costing around £6,000 and keeping the remaining towards a deposit.

As much as I do love a good wedding, I will always advise you to invest that money wisely in your future!

Would be interested to hear your views!

Makes my day receiving feedback like this!

Are you and your family fully protected in the event of your demise? 🤔

Part of my job is to ensure all my clients have an appropriate safety net in place.

Whether this is protecting your income if you have to take time off due to illness or injury, leaving a lump sum in the event of your death, or receiving a lump sum if you were to be diagnosed with a critical illness - it is so important to prepare for the worst.

Understandably, no one likes to think of these things - but get in touch and take the time to get some of that life admin sorted and sorted correctly! All advice given on protection is free of charge.

Tel: 01823 444022
Mob: 07713182955
Email: [email protected]

Or, just send a direct message! 😊

🤑 REFER A FRIEND 🤑

With the housing market booming, there are so many people out there who could use some guidance with their mortgage requirements. If you know of a friend / relative who could use a helping hand, send them my way and receive £50 worth of vouchers for a retailer of your choice delivered through your front door. Easy as 🥧

One step closer to normality today! 🙌

With the reopening of gyms, hairdressers, shops, beer gardens... what are you most looking forward to? I can't wait to get back in the gym personally 🏋️‍♂️

Whatever you do - treat yourself, we've all earned it!

Thanks to everyone who entered the Easter giveaway. The winner has been picked at random this morning. Aaaand the winner is... Hayley Hunt!!! Congrats Hayley, I will be in contact to arrange delivery of your tasty prize🤤

Has there ever been a better time to buy?!

With the reintroduction of 95% mortgages combined with the incredibly low interest rates on offer, it could be the perfect time. If you're looking to take this step and need a helping hand to guide you through the process, then look no further 🙋‍♂️

Hope you're all enjoying the sunshine, summer is coming!!

Monday thoughts💭 think Rishi will consider this one as a new scheme?🤣

Easter giveaway🤤

To be in with a chance of winning this EGGcellent 😳 prize all you have to do is...

1. Like my page if you haven't already.
2. Share this post.
3. Tag 2 friends.

Winner will be drawn on the 31st March so we can get it delivered to your door in time for Easter😍

Go go go!!

Big move in the mortgage market today‼️

Accord Mortgages are the first lender to reintroduce a 95% loan to value (5% deposit) product back to the market. They will be offering a five-year fixed rate of 3.99 per cent from tomorrow (March 17).

Despite the government's announcement of the mortgage guarantee scheme which is due to be introduced in April, Accord will not be using this scheme. I think this could quite possibly encourage other lenders to follow suit and introduce their own 95% products.

Any questions, get in touch!