Chloe Longhorn - Mortgage and Protection Adviser

Haven’t had much time to post recently as I’ve been super busy helping clients with their mortgages, but have received some lovely reviews recently which I’ll try post!

If you need any mortgage help feel free to get in touch! [email protected] 💻

*your home may be repossessed if you do not keep up with your monthly mortgage repayments*

Over the moon for my lovely clients who have just completed on their first home! Thank you for trusting me with helping you with your home buying journey ☺️

If you are looking at buying your first home, a new home or any other mortgage related enquiries please get in touch at:
💻 [email protected]
📲 07508485750

Just a reminder that I’ve now joined the brilliant team at Yorkshire Financial Consultancy as a Mortgage and Protection Advisor. Please feel free get in touch with any mortgage or protection related enquiries on:
💻 [email protected]
📞 07724971350

*your home may be repossessed if you do not keep up your monthly mortgage repayments*

Had a great start to the week with 2 mortgages agreed in principle today, and 2 mortgage applications fully submitted! One for a remortgage and one for a client who’s had an offer accepted on a new home 🎉

February has been the busiest month of my career so far and I’m absolutely loving helping so many of you! If you need any mortgage or insurance advice, feel free to get in touch with me ☺️

Most lenders will typically lend up to 4.5 times your income, however some lenders will lend more depending on your job type, your income and your loan to value.

Different lenders will calculate the maximum amount you can borrow differently, one lender may be able to offer you significantly more compared to another. This is one reason why when looking for a mortgage, you should look at products offered across the whole market instead of limiting yourself to just your bank.

When the lender calculates what they believe is an affordable amount for you to borrow, they base this on your income and your outgoings such as credit card/loan/finance repayments. If you have dependent children then they would also factor this into their calculations. A lot of people don’t know that your student loan repayments can also affect the amount you can borrow. Lenders will also consider service charge, ground rent and management fees as commitments too.

If you would like to find out how much you can borrow please get in touch at [email protected] or 07724971350 💻📲

With a fixed rate mortgage, you choose how long you want to fix your interest rate for - this is usually 2 or 5 years however some lenders offer periods of 1, 2, 3, 5, 7 or 10 years. During the fixed rate period your interest rate and monthly payment will remain the same.

When you come to the end of your fixed rate period, your interest rate will revert to your lenders standard variable rate (which is usually higher than what your fixed rate was). The average standard variable rate is currently is 8.18%, and this is what your mortgage will revert to if you don’t secure a new rate to start following your current rate ending. This means that your monthly payments will also change, and if the standard variable rate is higher than the fixed rate you were on, then your monthly payments will increase.

When you are within 6 months of your fixed rate ending you can secure a new fixed rate either with your current lender (known as a product transfer or rate switch) or secure a new fixed rate with a new lender (known as a remortgage). We can help you with both of these and do all the work for you in securing a new product.

If you have any questions about fixed rates please feel free to get in touch 📲

Your home may be repossessed if you do not keep up repayments on your mortgage.

Always the best start to the week when a clients mortgage is offered! Especially when it’s been quite a journey getting to this point, but I’m really happy to have helped my client expand their portfolio further by purchasing a new buy to let property through their limited company 🏡

If you’re considering buying a buy to let property for the first time, or you’re currently a landlord looking to expand your portfolio then get in touch today to see how I can help 📲
📞 07724971350
💻 [email protected]

*your home may be repossessed if you do not keep up your monthly mortgage repayments*

In most cases, you can still get a mortgage if you’ve been employed for less than 3 months. Every lender has different criteria, and some lenders will want you to have at least 1 payslip and some lenders will even lend you a mortgage if you haven’t even started the job yet as long as you have a signed contract stating your start date, new role, pay etc. Some lenders may also want to see your latest 3 years employment history, and may query any gaps in employment lasting more than a couple of weeks.

If you have any queries, please get in touch 📲

*your home may be repossessed if you do not keep up your monthly mortgage repayments*

A lovely review from a new client 🏡

If you’re thinking of buying this year, or your fixed rate is due to end in the next 6 months then get in touch today 📲

*your home may be repossessed if you do not keep up your monthly mortgage repayments*

I have a small favour to ask!

1. Go to my business page Chloe Longhorn - Mortgage and Protection Adviser

2. Go to the 3 little dots on the side of page, click ‘invite friends’

3. Select ‘invite all’ & done

You've successfully supported my business for £0 and less than 15 seconds of your time.

Thank you all for supporting my small local business 🥰🏡

To make sure your life insurance is up to date and you have an adequate level of cover, we recommend reviewing whenever there’s a change in your life such as any of the following:
- If you’ve moved house
- Had children
- Changed job
- Got married
- Taken out additional borrowing on your home
- Separated/divorced
- Quit smoking
- Has a significant pay rise
- Your employer benefits have changed

Get in touch today for a free review of your protection, we never charge a fee for insurance related advice!

This week we managed to save our clients over £4,000 on their mortgage payments are here’s how:

As interest rates have come down recently, we were able to go back into the clients application and amend the rate we had secured for them previously, to a new lower rate offered by the lender. The new product means their monthly payments will be just under £70 a month cheaper compared to the product we originally selected, which will save them nearly £4,200 over the 5 year fixed rate period.

Don’t put off securing a rate now because you want to wait until interest rates reduce more, in most cases we can select a product now and amend it to a lower product before completion.

If we are completing a rate switch/product transfer with your existing lender for you then we can easily amend your product. If you are applying for a mortgage with a new lender, then in most cases we can amend the product however some lenders may rescore your application and request up to date documents.

If you want further info drop us a message or give us a call!

*your home may be repossessed if you don’t keep up your monthly mortgage repayments*

There are a number of ways you can increase your chances of being accepted for a mortgage, these include:
- Making sure all the information you provide to your mortgage broker is correct so we can make sure this fits with the banks lending criteria before submitting an application with them
- Making sure your credit file is up to date and accurate
- Minimise your debt if possible and maximise the amount of deposit you have available
- Manage your bank account as well as you can & ensure your direct debits and any other payments are made on time

If you have any questions please get in touch!

* your home may be repossessed if you do not keep up with your monthly mortgage repayments *

This week we have seen several lenders announce cuts to their interest rates, with HSBC announcing a 5 year fixed rate remortgage deal at 3.94% for those borrowing at 60% loan to value or less.

If you want to see what mortgage products and interest rates are available to you, please get in touch 📲

*your home may be repossessed if you do not keep up your monthly mortgage repayments*

3 days into 2024 and we have a mortgage offered! 🎉

Confused what day of the week it is after the holidays? Sit back, relax and let us deal with all of your mortgage and insurance needs! Get in touch today to make your dreams become reality in 2024 🏡

*your home may be repossessed if you do not keep up your mortgage repayments*

Another brilliant review from a first time buyer who I’ve been helping for the last couple of years! 🎉🏡

Merry Christmas and a Happy New Year to all of my wonderful clients! 🎄

Looking to buy in 2024? Let me make the process as stress free as possible for you! 🏡

Happy 3rd birthday to my gorgeous, crazy pups 🐶 life would be so boring without you!

Banks will check a number of things before they accept your application, including the following:
- That the income on your application matches the income on your payslips and going into your bank account
- That your outgoings and financial commitments entered on the application match what’s on your credit file
- Your current address and address history
- That you have the deposit stated and how you have obtained the deposit
- The bank will also check the property you’re buying is worth what you’re buying it for, this is called a valuation report and is used to check that the bank are happy to lend a mortgage on the property

If you have any questions get in touch!📲

*your home may be repossessed if you do not keep up your mortgage repayments*

Yesterday I moved into my first home! 🏡

The Bank of England have chosen to keep the Base Rate at 5.25% for the third time in a row, insisting that it is determined to keep borrowing costs at their 5.25% level for some time.

The governor, Andrew Bailey, said: “Today we’ve decided to hold interest rates at 5.25%. We’ve come a long way this year, and successive rate increases have helped bring inflation down from over 10% in January to 4.6% in October. But there is still some way to go. We’ll continue to watch the data closely, and take the decisions necessary to get inflation all the way back to 2%.”

If you have a fixed rate mortgage then your payments will remain unaffected until your fixed rate period ends, if you have a variable rate mortgage that tracks the BoE Base Rate then your payments should remain the same. If you have a variable rate that tracks your banks standard variable rate then this may change and your bank will be in touch to let you know of any changes.

*your home may be repossessed if you do not keep up your monthly mortgage repayments*

Returned from our Christmas meal to a wonderful email from Barclays to say they have produced the mortgage offer for my clients. I’ve been working with my clients for the last couple of years and they’ve finally found their dream home, hopefully it won’t be too long before the house is ready for them to move in 🎉

When I told one of my clients last week that I was not going to be in the office on Thursday, they said they hoped I was doing something fun. On Thursday evening they text me saying ‘Chloe I’ve just seen a video of you and Taylor Swift together on Twitter!’ 🤣

A week ago today I had the absolute pleasure of being personally invited by Beyoncé’s team to attend the world premiere for Beyoncé’s new movie in London. It was the most incredible day and I am so grateful I got to experience it 🪩🎥