Amanda -Oak Mortgages

📉 𝐁𝐚𝐧𝐤 𝐨𝐟 𝐄𝐧𝐠𝐥𝐚𝐧𝐝 𝐂𝐮𝐭𝐬 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐑𝐚𝐭𝐞𝐬!

The Bank of England has dropped rates again, down to 4.75% from 5% — the lowest in over a year.

Great news for homeowners and buyers alike.

If you’re considering a mortgage or have questions about how this might impact your finances, don’t hesitate to get in touch with our team at Oak Mortgages.

📢 Changes Coming to the Right to Buy Scheme - ACT NOW! 🏠

Starting November 21, 2024, there are important updates to the Right to Buy scheme for purchasing council homes.

Here’s what you need to know:

🔹 New Discount Limits: The maximum cash discount will drop from £102,400 to between £16,000 and £38,000, depending on your location.
🔹 Discounts Based on Tenure: Discounts will now be determined by how long you’ve lived in the property and property type.

To qualify for Right to Buy, tenants must:

🔹Have been a public sector tenant for at least 3 years
🔹Want to buy their only or main home

📅 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭: 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐬𝐮𝐛𝐦𝐢𝐭𝐭𝐞𝐝 𝐛𝐞𝐟𝐨𝐫𝐞 𝐍𝐨𝐯𝐞𝐦𝐛𝐞𝐫 𝟐𝟏, 𝟐𝟎𝟐𝟒 𝐰𝐢𝐥𝐥 𝐬𝐭𝐢𝐥𝐥 𝐛𝐞 𝐞𝐥𝐢𝐠𝐢𝐛𝐥𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐡𝐢𝐠𝐡𝐞𝐫 𝐝𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐬.

𝐃𝐨𝐧’𝐭 𝐦𝐢𝐬𝐬 𝐨𝐮𝐭—𝐚𝐜𝐭 𝐬𝐨𝐨𝐧 𝐢𝐟 𝐲𝐨𝐮’𝐫𝐞 𝐭𝐡𝐢𝐧𝐤𝐢𝐧𝐠 𝐚𝐛𝐨𝐮𝐭 𝐛𝐮𝐲𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐜𝐨𝐮𝐧𝐜𝐢𝐥 𝐡𝐨𝐦𝐞 𝐮𝐧𝐝𝐞𝐫 𝐭𝐡𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐭𝐞𝐫𝐦𝐬!

Want to learn more about how these changes could impact you? Contact us today!

🚨 𝐂𝐡𝐚𝐧𝐠𝐞𝐬 𝐢𝐧 𝐒𝐭𝐚𝐦𝐩 𝐃𝐮𝐭𝐲 𝐚𝐧𝐝 𝐑𝐢𝐠𝐡𝐭 𝐭𝐨 𝐁𝐮𝐲 🚨

Stamp Duty hikes are here for those buying a second home in England and Northern Ireland, with rates now up to 5% above standard for additional properties.

Plus, bigger changes are on the way in April 2025 that will impact most buyers, including first-timers.

If you’re thinking about buying, securing your property sooner could save you from higher rates.

Read more at https://oakmortgages.co.uk/important-changes-to-stamp-duty-and-right-to-buy/

🏡 Get in touch to discuss your options!

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🍂 Autumn Budget 2024 – Key Highlights 🍂

Today, the Chancellor unveiled the largest tax-raising Budget since 1993, projected to generate £40 billion for government initiatives. However, the definition of a "working person" raises some questions. 🤔

𝐊𝐞𝐲 𝐜𝐡𝐚𝐧𝐠𝐞𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

Capital Gains Tax: Lower rate up from 10% to 18%; higher rate from 20% to 24%.

Fuel Duty: Frozen for the year.

Employers' National Insurance: Increasing by 1.2% to 15% from April 2025.

Inheritance Tax: Threshold frozen until 2030.

Stamp Duty Land Tax: 5% surcharge on 2nd homes starting as of 31st October.

Right to Buy Discounts: Reduced, making council houses more expensive.

On the positive side, the national minimum wage will rise to £12.21 per hour in April 2025.

I am interested to hear your thoughts on the Budget - especially the impact for small business and landlords?

6am start today for my clients 🏡

Photos like this make my night
Congratulations to this beautiful couple on the purchase of their first home ❤️🏠

We absolutely love receiving gifts from our amazing clients! 🎁

A big thank you to our happy client who surprised us with some delicious goodies last week. I’ve never seen the team move so fast... though I may need to hide those cocktail tins! 🍹😉

Your kindness means the world to us – it’s a pleasure working with such wonderful people!

🎀 𝐁𝐫𝐞𝐚𝐬𝐭 𝐂𝐚𝐧𝐜𝐞𝐫 𝐀𝐰𝐚𝐫𝐞𝐧𝐞𝐬𝐬 𝐃𝐚𝐲 – 𝐍𝐞𝐱𝐭 𝐅𝐫𝐢𝐝𝐚𝐲 𝟏𝟖𝐭𝐡 𝐎𝐜𝐭𝐨𝐛𝐞𝐫 𝟐𝟎𝟐𝟒 🎀

Ladies, it's time to give your tatas some love! 💖

Early detection saves lives, so don’t forget to check regularly! 🩷

Take a moment for self-exams and schedule those routine check-ups! #𝐁𝐫𝐞𝐚𝐬𝐭𝐂𝐚𝐧𝐜𝐞𝐫𝐀𝐰𝐚𝐫𝐞𝐧𝐞𝐬𝐬 isn’t just a day, it’s a reminder to protect your health.

👙 Check. Feel. Protect. 🙌

Tag a friend to spread the word, because we’re in this together! 🎗️

Just about composed myself
This wonderful client was told she would not get a mortgage through no fault of her own and here's the keys to her new property. We went to war with the lenders over this one and it's a day full of happy tears.
My client is a wonderful lady and I wish you every single bit of luck and happiness in the world ❤️

📢 𝐌𝐞𝐞𝐭 𝐀𝐦𝐚𝐧𝐝𝐚 𝐇𝐨𝐩𝐩𝐞, 𝐨𝐮𝐫 𝐚𝐦𝐚𝐳𝐢𝐧𝐠 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐬𝐩𝐞𝐜𝐢𝐚𝐥𝐢𝐬𝐭 𝐛𝐚𝐬𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐖𝐞𝐥𝐥𝐢𝐧𝐠𝐛𝐨𝐫𝐨𝐮𝐠𝐡 𝐚𝐧𝐝 𝐍𝐨𝐫𝐭𝐡𝐚𝐧𝐭𝐬 𝐚𝐫𝐞𝐚!

Whether you're looking to Remortgage, Move Home, or Purchase your very first property, Amanda is dedicated to guiding you through the process with expertise and care.

With a growing number of happy clients, she's your go-to for making your homeownership dreams a reality. 🏡✨

Get in touch with Amanda today and see how she can help you with your next big move!

Would like to apologise if I have been a little slow on the inbox this week I am moving homes but back too it tomorrow so will be in touch then ✅

🚨 𝐍𝐞𝐰 𝐁𝐥𝐨𝐠 𝐀𝐥𝐞𝐫𝐭! 🚨

We just published a new blog post diving into the unsung heroes of the mortgage industry—𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐚𝐝𝐦𝐢𝐧𝐢𝐬𝐭𝐫𝐚𝐭𝐨𝐫𝐬! 🏡💼

Ever wonder what keeps your mortgage application moving smoothly behind the scenes? Discover how these vital team members drive efficiency, ensure compliance, and help brokers deliver exceptional service to their clients in today’s fast-paced market. 🌟

👉 Read the full blog now to learn why great administrators like Vicki are the backbone of any successful mortgage business!

𝐡𝐭𝐭𝐩𝐬://𝐨𝐚𝐤𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞𝐬.𝐜𝐨.𝐮𝐤/𝐭𝐡𝐞-𝐞𝐬𝐬𝐞𝐧𝐭𝐢𝐚𝐥-𝐫𝐨𝐥𝐞-𝐨𝐟-𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞-𝐚𝐝𝐦𝐢𝐧𝐢𝐬𝐭𝐫𝐚𝐭𝐨𝐫𝐬-𝐡𝐨𝐰-𝐭𝐡𝐞𝐲-𝐝𝐫𝐢𝐯𝐞-𝐬𝐮𝐜𝐜𝐞𝐬𝐬-𝐢𝐧-𝐭𝐡𝐞-𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲/

📈 𝐔𝐊 𝐇𝐨𝐮𝐬𝐞 𝐏𝐫𝐢𝐜𝐞𝐬 𝐊𝐞𝐞𝐩 𝐂𝐥𝐢𝐦𝐛𝐢𝐧𝐠! 📈

For the third month in a row, UK house prices have gone up, rising by 0.3% in September—about £859. Looks like those falling mortgage rates are giving the property market a real boost! 🏡💸

The average UK house price is now sitting at £293,399—just shy of the record high we saw in June 2022. Even after last year’s mini-budget blip, it’s clear the market is bouncing back.

Could this be the right time to get on the housing market?

🏡 New Blog Alert! 🏡

Thinking about investing in an HMO property? Our latest blog dives into how you can turn your buy-to-let into a high-yielding investment with House in Multiple Occupation (HMO) properties. From legal requirements to financing options and management tips, we’ve got you covered every step of the way!

At Oak Mortgages, we specialise in tailored mortgage solutions to help you navigate the HMO process with ease. Ready to start your property journey? 💼

👉 https://oakmortgages.co.uk/investing-in-buy-to-let-properties-a-comprehensive-guide-to-success-with-hmos/

Big thanks to Sam from Precise and Kent for visiting our office today and keeping us up to date on the latest products and criteria!

We truly appreciate the insightful updates—and the goodies were a fantastic bonus!

Looking forward to continuing our great partnership. 😊

Such a wonderful gift came to my door today
Honestly thank you so much I am still trying to locate which client this is 😂❤️
But really touched me

🎉🏠 Congratulations to Robert and Serena on their new home! 🏠🎉

We are thrilled to have helped you secure your mortgage. Wishing you both countless happy memories in your beautiful new home! If you're looking to make your dream home a reality, we're here to help.

Cheers to new beginnings! 🥂 ✨