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Hope for first-time buyers as YBS launches 90% mortgages
https://www.dailymail.co.uk/money/mortgageshome/article-8990293/Hope-time-buyers-YBS-launches-90-mortgages.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 https://www.dailymail.co.uk/money/mortgageshome/article-8990293/Hope-time-buyers-YBS-launches-90-mortgages.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 <h2>Ray of hope for first-time buyers as YBS launches 90% mortgages, but borrowers will still pay a big premium</h2><ul class=”mol-bullets-with-font”><li class=”class”><strong>The 10% deposit deal is aimed at first-time buyers and existing homeowners </strong></li><li class=”class”><strong>The 90% mortgage market has seen nine in ten deals on offer axed in lockdown </strong></li><li class=”class”><strong>Buyers can borrow on pre-owned flats and houses but not new build properties</strong></li></ul><p class=”author-section byline-plain”>By <a href=”https://www.dailymail.co.uk/home/search.html?s=&authornamef=Angelique+Ruzicka+For+Thisismoney.co.uk” class=”author” rel=”nofollow”>Angelique Ruzicka For Thisismoney.co.uk</a> </p><p class=”byline-section”><span class=”article-timestamp article-timestamp-published”> <span class=”article-timestamp-label”>Published:</span> <time datetime=”2020-11-26T17:57:16+0000″> 17:57 GMT, 26 November 2020 </time> </span> | <span class=”article-timestamp article-timestamp-updated”> <span class=”article-timestamp-label”>Updated:</span> <time datetime=”2020-11-26T18:36:04+0000″> 18:36 GMT, 26 November 2020 </time> </span> </p> <!– ad: https://mads.dailymail.co.uk/v6/de/money/moneymortgageshome/article/other/para_top.html –> <div itemprop=”articleBody”><p class=”mol-para-with-font”>First-time buyers squeezed by the mortgage crunch have been given another ray of hope as Yorkshire Building Society launches home loans for borrowers with a 10 per cent deposit. </p><p class=”mol-para-with-font”>The move from one of Britain’s biggest building societies is better news for borrowers who have seen nine in ten of the mortgages for those with a 10 per cent deposit available in March wiped off the market – leaving just 78 deals from a handful of lenders.</p><p class=”mol-para-with-font”>But with a 3.69 per cent two-year fixed rate and 3.79 per cent five-year fixed rate, the YBS deals will cost borrowers considerably more than what’s on offer to those with bigger deposits.</p><div class=”artSplitter mol-img-group”> <div class=”mol-img”> <div class=”image-wrap”> <img id=”i-9093934a4c6b0aa3″ src=”https://i.dailymail.co.uk/1s/2020/11/26/13/36132226-0-image-a-3_1606396828333.jpg” height=”423″ width=”634″ alt=”Yorkshire Building Society is one of the few lenders to offer a 90% LTV deal for first-time buyers and those looking to remortgage currently” class=”nothing”> </div> </div> <p class=”imageCaption”>Yorkshire Building Society is one of the few lenders to offer a 90% LTV deal for first-time buyers and those looking to remortgage currently</p></div><p class=”mol-para-with-font”>Two-year fixed rates are on offer below 1.3 per cent and five-year fixes below 1.5 per cent for those with buying with 40 per cent deposits. </p><p class=”mol-para-with-font”>The YBS deals are aimed at first-time buyers and existing homeowners with less equirt who want to move house or remortgage.</p><p class=”mol-para-with-font”>Banks and building societies slashed high loan-to-value mortgages after the Covid-19 pandemic and lockdown hit. </p><p class=”mol-para-with-font”>Many blamed the volume of demand for mortgage holidays, combined with staff working at home, but they are also concerned about <span>negative equity if house prices fall and job losses that could see borrowers struggle to pay their mortgage.</span></p><p class=”mol-para-with-font”>Ben Merritt, senior mortgage manager at Yorkshire Building Society said: ‘We’re committed to supporting borrowers with smaller deposits and are really pleased to offer these mortgages again – there’s certainly been a gap in this part of the market for some months.</p><p class=”mol-para-with-font”>‘Thanks to the hard work of our front line colleagues we now feel we’re in a better position to continue supporting existing borrowers who need a payment holiday and launch mortgages for new customers, while maintaining the high standard of service our customers expect.’</p><h2 class=”mol-para-with-font mol-style-subhead”>Is YBS’s mortgage a good deal?</h2><p class=”mol-para-with-font”>YBS is offering a 3.69 per cent two-year fixed rate with a £995 product fee for home purchases and remortgages. </p><div class=”art-ins mol-factbox floatRHS money” data-version=”2″ id=”mol-43b54d10-300f-11eb-8320-b12167a192b6″ data-permabox-url=”https://www.thisismoney.co.uk/money/mortgageshome/article-8990293/Hope-time-buyers-YBS-launches-90-mortgages.html”> <h3 class=”mol-factbox-title”>What about the self-employed?</h3> <div class=”ins cleared mol-factbox-body”><p class=”mol-para-with-font”>The self-employed do qualify for YBS’ 90 per cent product – even if they’ve been granted support by the government.</p><p class=”mol-para-with-font”>Merritt says: ‘Yes, we continue to accept applications from self-employed customers who have taken government support. </p><p class=”mol-para-with-font”>’We may however, need to request additional documents to confirm the income is sustainable for an applicant’s individual circumstances.’</p> </div> </div><p class=”mol-para-with-font”>It also offers a 3.79 per cent five-year fixed rate with a £995 product fee for home purchases and remortgages. </p><p class=”mol-para-with-font”>All its house purchase mortgages come with a free standard valuation, and those looking to remortgage get paid legal fees.</p><p class=”mol-para-with-font”>But the rate is not the lowest out there though. </p><p class=”mol-para-with-font”>Rachel Springall, finance expert at Moneyfacts, says: ‘These are competitively priced and may well attract borrowers looking to save on the upfront cost of their deal as they come with a free valuation and allow borrowers to add the product fee to the mortgage advance.</p><p class=”mol-para-with-font”>‘For first-time buyers there are alternative deals to consider in the market such as Nationwide, of which their two-year fixed is priced at 3.49 per cent and their five-year at 3.54 per cent both with free valuation and £500 cashback incentive.’</p><p class=”mol-para-with-font”>The Yorkshire’s intermediary arm, Accord Mortgages, also offers a range of 90 per cent LTV mortgages.</p><div class=”mol-img-group floatRHS”> <div class=”mol-img”> <div class=”image-wrap”> <img id=”i-6c42c92ad54319b4″ src=”https://i.dailymail.co.uk/1s/2020/11/26/13/36134800-0-Ben_Merritt_senior_mortgage_manager_at_Yorkshire_Building_Societ-a-13_1606397245741.jpg” height=”403″ width=”306″ alt=”Ben Merritt, of Yorkshire Building Society says the lender can continue supporting existing borrowers and offer new deals” class=”nothing”> </div> </div> <p class=”imageCaption”>Ben Merritt, of Yorkshire Building Society says the lender can continue supporting existing borrowers and offer new deals</p></div><p class=”mol-para-with-font”>David Hollingworth of L&C Mortgages says: ‘Other lenders like Nationwide, Metro Bank, Platform and Virgin Money are some of the other lenders that currently offer 90 per cent deals and others have dipped in and out with products when possible. Atom Bank has just launched some rates today.'</p><p class=”mol-para-with-font”>Borrowers considering a 90 per cent mortgage will pay much more than before the pandemic.</p><p class=”mol-para-with-font”>Mark Harris, chief executive of mortgage broker SPF Private Clients, says: ‘Sadly, the lack of availability means borrowers have seen high LTV rates rise. </p><p class=”mol-para-with-font”>’Twelve months ago, 90 per cent two-year fixes were available from less than two per cent but now the equivalent products cost well over three per cent, despite rock-bottom interest rates.’</p><p class=”mol-para-with-font”>Those considering waiting for a better deal or more options may have to wait a bit, although things have improved slightly.</p><p class=”mol-para-with-font”>Since March 701 of the available 90 per cent LTV products have been axed – leaving just 78 on the market – a slight increase from the 56 available at the beginning of the month. </p><div class=”mol-article-quote nochannel floatRHS” id=”mol-089574e0-300e-11eb-8320-b12167a192b6″> <div class=”mol-article-quote-wrapper ccox”>Twelve months ago, 90 per cent two-year fixes were available from less than 2 per cent but now the equivalent products cost well over 3 per cent </div> </div><p class=”mol-para-with-font”>But even though more lenders are willing to put their toe in the water, Springall believes that the return of the 90 per cent deals will be a gradual process.</p><p class=”mol-para-with-font”>She says: ‘It’s a great sign when you have the likes of YBS coming on and available to everyone but building societies are very different to banks.</p><p class=”mol-para-with-font”>‘It will take time for other lenders to follow their lead. That’s why we’ll see certain lenders like Atom Bank offering to just first-time borrowers and buyers and then if this works they will have deals available to those that want to remortage.’</p><div class=”artSplitter mol-img-group”> <div class=”mol-img”> <div class=”image-wrap”> <img id=”i-8989d414b1b0e1f” src=”https://i.dailymail.co.uk/1s/2020/11/26/13/36137430-0-image-a-2_1606396330036.jpg” height=”262″ width=”634″ alt=”Figures from Moneyfacts highlight the few options borrowers have to choose from if they have smaller deposits, with mortgages above 90% hacked back” class=”nothing”> </div> </div> <p class=”imageCaption”>Figures from Moneyfacts highlight the few options borrowers have to choose from if they have smaller deposits, with mortgages above 90% hacked back</p></div><h2 class=”mol-para-with-font mol-style-subhead”>Will the mortgage remain on the market?</h2><p class=”mol-para-with-font”>This year has seen a few 90 per cent LTV lenders enter the market only for those offers to disappear following hype and an influx of applications.</p><p class=”mol-para-with-font”>YBS’s product is likely to be a popular offering given its competitive rate. </p><p class=”mol-para-with-font”>Merritt says there’s no current restriction on the number of applicants the building society is willing to take on.</p><p class=”mol-para-with-font”>He explains: ‘We don’t have a set threshold for these products, but we will continue to monitor our service levels to ensure we continue to offer the high levels of service our customers expect.’</p><p class=”mol-para-with-font”>YBS says it’s able to offer qualifying customers a mortgage in 15 days, which means that borrowers will be able to take advantage of the stamp duty holiday.</p><p class=”mol-para-with-font”>Merritt says: ‘There are still a number of months to go before the stamp duty holiday deadline. </p><p class=”mol-para-with-font”>’On average we provide customers with a mortgage offer in less than 15 days, but of course there are a number of factors involved with the wider house buying process that could affect completion timescales, out of our control.’</p><div class=”art-ins mol-factbox money” data-version=”2″ id=”mol-db62b020-3010-11eb-8320-b12167a192b6″ data-permabox-url=”https://www.thisismoney.co.uk/money/mortgageshome/article-8990293/Hope-time-buyers-YBS-launches-90-mortgages.html”> <h3 class=”mol-factbox-title”>What type of homes can I buy?</h3> <div class=”ins cleared mol-factbox-body”><p class=”mol-para-with-font”>There are some types of properties that Yorkshire Building Society won’t lend on. These include:</p><p class=”mol-para-with-font”>· Pre-cast re-enforced concrete properties, designated under the Housing Act 1985, unless they have been repaired by PRC Homes Ltd, a subsidiary of the NHBC.</p><p class=”mol-para-with-font”>· Local Authority multi-storey blocks</p><p class=”mol-para-with-font”>· Dwellings constructed by timber, i.e., not clad with brick, stone etc, including log cabin/chalet type of construction</p><p class=”mol-para-with-font”>· Single brick (single skin) construction</p> </div> </div><div class=”moduleFull”><div class=”money item html_snippet module”>
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Thu, 26 Nov 2020 18:36:04 +0000Angelique Ruzicka en text/html https://www.dailymail.co.uk/money/mortgageshome/article-8990293/Hope-time-buyers-YBS-launches-90-mortgages.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
Mortgage prisoners find their freedom from 2008 clampdown
https://www.dailymail.co.uk/money/mortgageshome/article-8983475/Mortgage-prisoners-freedom-2008-clampdown.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 https://www.dailymail.co.uk/money/mortgageshome/article-8983475/Mortgage-prisoners-freedom-2008-clampdown.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 <h2>Mortgage prisoners find their freedom after being locked in expensive deals since 2008 clampdown</h2><p class=”author-section byline-plain”>By <a href=”https://www.dailymail.co.uk/home/search.html?s=&authornamef=Amelia+Murray+For+The+Daily+Mail” class=”author” rel=”nofollow”>Amelia Murray For The Daily Mail</a> </p><p class=”byline-section”><span class=”article-timestamp article-timestamp-published”> <span class=”article-timestamp-label”>Published:</span> <time datetime=”2020-11-24T22:00:53+0000″> 22:00 GMT, 24 November 2020 </time> </span> | <span class=”article-timestamp article-timestamp-updated”> <span class=”article-timestamp-label”>Updated:</span> <time datetime=”2020-11-25T10:39:44+0000″> 10:39 GMT, 25 November 2020 </time> </span> </p> <!– ad: https://mads.dailymail.co.uk/v6/de/money/moneymortgageshome/article/other/para_top.html –> <div itemprop=”articleBody”><p class=”mol-para-with-font”>Mortgage prisoners are finally being freed from expensive deals after overpaying for years – but many are still trapped.</p><p class=”mol-para-with-font”>An estimated 250,000 borrowers are stuck on high-interest loans after a clamp down following the 2008 financial crisis prevented homeowners from remortgaging.</p><p class=”mol-para-with-font”>After the Financial Conduct Authority intervened last year, banks and building societies have relaxed lending criteria for customers who have been up-to-date on repayments for 12 months and are not looking to borrow more.</p><div class=”mol-img-group artSplitter”><div class=”mol-img”> <div class=”image-wrap”> <img id=”i-6adc7ef9a80a6887″ src=”https://i.dailymail.co.uk/1s/2020/11/24/20/36063816-0-image-a-30_1606249774542.jpg” height=”429″ width=”634″ alt class=”nothing”> </div> </div><p class=”imageCaption”>An estimated 250,000 borrowers are stuck on high-interest loans after a clamp down following the 2008 financial crisis</p></div><p class=”mol-para-with-font”>Four lenders – Halifax, NatWest, Santander and West Brom Building Society – have so far changed their policies.</p><p class=”mol-para-with-font”>One customer, Maurice Latimer, 76, has seen his monthly mortgage payments slashed from £886 to £401. </p><p class=”mol-para-with-font”>He had an interest-only mortgage with Northern Rock in 2001.</p><p class=”mol-para-with-font”>After the bank collapsed he could not remortgage as he and his wife’s joint income was too low and he was turning 65 before the end of the mortgage term.</p><p class=”mol-para-with-font”>The new rules may help 14,000 mortgage prisoners.</p><p class=”mol-para-with-font”>a.murray@dailymail.co.uk</p><mol-permabox id=”mol-08fa3460-2f01-11eb-9303-bbbc19c8d99a”><div class=” mol-factbox art-ins money” data-version=”2″ id=”mol-a1841e90-f2cc-11e7-ab07-6716ebd14964″ data-permabox-url=”/money/mortgageshome/fb-8946397/Best-mortgage-rates-Moneys-help.html”><h3 class=”mol-factbox-title”>Best mortgage rates and how to find them with This is Money’s help</h3><div class=”ins cleared mol-factbox-body”> <div class=”mol-img-group float-r mol-hidden-caption”> <div class=”mol-img”> <div class=”image-wrap”> <img id=”i-9a2c6488960fdbd4″ src=”https://i.dailymail.co.uk/1s/2020/11/23/12/35640496-8946397-image-a-2_1606135041053.jpg” height=”189″ width=”284″ alt class=”nothing”> </div> </div> </div><p class=”mol-para-with-font”>This is Money has partnered with L&C Mortgages, a firm of independent mortgage brokers who specialise in finding the best mortgage rates and the right deal for you. </p><p class=”mol-para-with-font”><span class=”mol-style-bold mol-style-large”><a target=”_blank” class href=”https://www.dailymail.co.uk/mortgage-finder”>>> Compare the best mortgage deals available now</a></span> <span class=”mol-style-bold mol-style-large”></span></p></div></div></mol-permabox><div class=”moduleFull”><div class=”money item html_snippet module”> <style>
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Wed, 25 Nov 2020 10:39:44 +0000Amelia Murray en text/html https://www.dailymail.co.uk/money/mortgageshome/article-8983475/Mortgage-prisoners-freedom-2008-clampdown.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
Lenders shun the self-employed
https://www.dailymail.co.uk/money/mortgageshome/article-8958219/Lenders-shun-self-employed.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 https://www.dailymail.co.uk/money/mortgageshome/article-8958219/Lenders-shun-self-employed.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 <h2>Mortgage lenders shun the self-employed: Bigger deposits, more paperwork and black marks if you took a bounce back loan during lockdown</h2><ul class=”mol-bullets-with-font”><li class=”class”><strong>NatWest, Nationwide and Metro Bank are among the lenders showing preferential treatment to salaried employees</strong></li><li class=”class”><strong>NatWest has a separate affordability calculation for self-employed workers </strong></li><li class=”class”><strong>Metro Bank requires more bank statements if you’re self employed </strong></li><li class=”class”><strong>Nationwide is limiting its 90% mortgage products to salaried employees</strong></li></ul><p class=”author-section byline-plain”>By <a href=”https://www.dailymail.co.uk/home/search.html?s=&authornamef=Ed+Magnus+For+Thisismoney.co.uk” class=”author” rel=”nofollow”>Ed Magnus For Thisismoney.co.uk</a> </p><p class=”byline-section”><span class=”article-timestamp article-timestamp-published”> <span class=”article-timestamp-label”>Published:</span> <time datetime=”2020-11-24T07:57:23+0000″> 07:57 GMT, 24 November 2020 </time> </span> | <span class=”article-timestamp article-timestamp-updated”> <span class=”article-timestamp-label”>Updated:</span> <time datetime=”2020-11-24T07:57:23+0000″> 07:57 GMT, 24 November 2020 </time> </span> </p> <!– ad: https://mads.dailymail.co.uk/v6/de/money/moneymortgageshome/article/other/para_top.html –> <div itemprop=”articleBody”><p class=”mol-para-with-font”>Millions of self-employed workers, already facing the blight of Covid-19, are receiving harsher treatment from mortgage lenders compared to salaried employees.</p><p class=”mol-para-with-font”>Self-employed borrowers are being asked for bigger deposits, additional paperwork, with some lenders lowering the amounts they can borrow and subjecting them to longer waiting times with more frequent and rigorous questioning.</p><p class=”mol-para-with-font”>There are over five million self-employed workers in the UK, with the majority now facing tighter lending criteria and affordability rules which, according to HSBC, could remain in place well into 2022.</p><div class=”artSplitter mol-img-group”> <div class=”mol-img”> <div class=”image-wrap”> <img id=”i-c055f82498bf36ac” src=”https://i.dailymail.co.uk/1s/2020/11/17/16/35782822-8958219-image-a-8_1605631364912.jpg” height=”423″ width=”634″ alt=”Self-employed workers face tighter lending criteria and affordability rules” class=”nothing”> </div> </div> <p class=”imageCaption”>Self-employed workers face tighter lending criteria and affordability rules </p></div><p class=”mol-para-with-font”>Andrew Montlake, of mortgage broker Coreco, said: ‘It is hard not to feel sorry for the legions of self-employed people out there who are finding their path to getting a mortgage blocked by tougher underwriting and additional questions even though they may have perfectly good businesses.</p><p class=”mol-para-with-font”>‘Many lenders are lumping everyone together, no matter what industry or their background.’</p><p class=”mol-para-with-font”>NatWest is one such lender, recently introducing a separate affordability calculation for self-employed workers which is less generous than the assessment for salaried employees.</p><p class=”mol-para-with-font”> Chris Sykes, mortgage consultant at Private Finance, believes NatWest’s decision to restrict the self-employed may be partly because their applications typically take more time for the bank’s underwriters to assess. </p><p class=”mol-para-with-font”>‘NatWest adopted a blanket approach to reduce the number of self-employed applicants it has,’ said Sykes.</p><p class=”mol-para-with-font”>‘It has specifically put a section on its mortgage affordability calculator where you have to tick yes or no for if you are self-employed or not and NatWest will lend you less if you’re self-employed compared to an employed person.’</p><p class=”mol-para-with-font”>A NatWest spokesman said: ‘We look to understand an individual customer’s circumstances so we can lend responsibly and within that we apply different maximum limits to different customer groups based on their individual risk profile.'</p><div class=”artSplitter mol-img-group”> <div class=”mol-img”> <div class=”image-wrap”> <img id=”i-8f44a8ffefc9edaf” src=”https://i.dailymail.co.uk/1s/2020/11/17/16/35782932-8958219-image-a-9_1605631667847.jpg” height=”423″ width=”634″ alt=”Self-employed workers have to provide lenders with more paperwork and undergo additional questioning in order to secure a mortgage” class=”nothing”> </div> </div> <p class=”imageCaption”>Self-employed workers have to provide lenders with more paperwork and undergo additional questioning in order to secure a mortgage</p></div><p class=”mol-para-with-font”>Last month, Metro Bank also toughened up on self-employed workers requiring more documentation from them.</p><p class=”mol-para-with-font”>The bank previously requested three months’ worth of bank statements, but is now demanding six months of statements from self-employed people.</p><p class=”mol-para-with-font”>A Metro Bank spokesman said that for a salaried employee it would require just three months’ personal bank statements and payslips as opposed to three<span> years’ tax returns, six months’ business bank statements and three months’ personal bank statements for self-employed workers.</span></p><p class=”mol-para-with-font”>William Rhind, of mortgage broker Habito, said: ‘It’s a tough situation for any self-employed people looking to get a new mortgage right now.</p><p class=”mol-para-with-font”>‘There are more hoops for the self-employed to jump through with lenders than ever before.’</p><h2 class=”mol-para-with-font mol-style-subhead”>Pandemic income is now more important </h2><p class=”mol-para-with-font”>Rhind said lenders are no longer just interested in how a self-employed person has performed over the past two to three years but also how their income has fared during the pandemic.</p><p class=”mol-para-with-font”>‘Lenders are now typically reviewing turnover in the last three to six months to see if there has been a significant change since lockdown,’ he added.</p><p class=”mol-para-with-font”>‘Unfortunately, if someone’s taken financial support from the Government, or if their business completely closed during lockdown, lenders are seeming to judge these more harshly.’</p><p class=”mol-para-with-font”>Nationwide declared last month that the maximum mortgage it is willing to offer self-employed workers is 85 per cent of a property’s value while allowing salaried employees to continue to access to its 90 per cent mortgage products.</p><p class=”mol-para-with-font”>This means, for a self-employed worker wishing to buy a £200,000 property, they will need a minimum deposit of £30,000 to qualify for a Nationwide mortgage as opposed to £20,000 for a salaried employee.</p><p class=”mol-para-with-font”>A Nationwide spokesman said: ‘The impact of Covid-19 means that underwriting mortgages for self-employed borrowers is much more complex than before as a result of the difficulties in being able to fully assess long-term affordability in these uncertain times.</p><p class=”mol-para-with-font”>‘We are therefore temporarily aligning our maximum Loan to value for self-employed borrowers with other major lenders in the market.’</p><h2 class=”mol-para-with-font mol-style-subhead”>Self-employed borrowers seeking a mortgage </h2><p class=”mol-para-with-font”>Experts advise any self-employed workers looking to get a mortgage at the moment to ensure they have the most relevant and up-to-date documentation prepared in advance of any application.</p><p class=”mol-para-with-font”>’They will need their latest accounting figures for the year ending April 2020, their last six months’ business bank statements and a statement as to why the Covid-19 crisis has not affected them unduly,’ said Andrew Montlake.</p><p class=”mol-para-with-font”>‘A projection into the next financial year may also come in handy. Some lenders are taking a dim view of businesses which have taken bounce back loans or grants, although others understand that this is perhaps prudent business management rather than a sign that a business is in trouble.</p><p class=”mol-para-with-font”>‘As ever, different lenders are taking different approaches and while at present I would probably suggest self-employed borrowers avoid lenders such as NatWest for example, there are other options.’</p><p class=”mol-para-with-font”>Obtaining advice from an independent mortgage adviser was deemed vital for those who work for themselves. </p><p class=”mol-para-with-font”>‘If you are looking to get a mortgage and you’re self-employed – it can be done,’ said William Rhind.</p><p class=”mol-para-with-font”>’But getting independent advice from a whole of market mortgage broker is more important than ever.</p><p class=”mol-para-with-font”>’Brokers will be able to present all your lender options, the timeframes expected, and what you need to provide paper-work wise.’</p><div class=”moduleFull”><div class=”money item html_snippet module”>
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</div> </div><mol-permabox id=”mol-ae86e3d0-2d88-11eb-a155-130dd3e1f75e”><div class=” mol-factbox art-ins money” data-version=”2″ id=”mol-a1841e90-f2cc-11e7-ab07-6716ebd14964″ data-permabox-url=”/money/mortgageshome/fb-8946397/Best-mortgage-rates-Moneys-help.html”><h3 class=”mol-factbox-title”>Best mortgage rates and how to find them with This is Money’s help</h3><div class=”ins cleared mol-factbox-body”> <div class=”mol-img-group float-r mol-hidden-caption”> <div class=”mol-img”> <div class=”image-wrap”> <img id=”i-9a2c6488960fdbd4″ src=”https://i.dailymail.co.uk/1s/2020/11/23/12/35640496-8946397-image-a-2_1606135041053.jpg” height=”189″ width=”284″ alt class=”nothing”> </div> </div> </div><p class=”mol-para-with-font”>This is Money has partnered with L&C Mortgages, a firm of independent mortgage brokers who specialise in finding the best mortgage rates and the right deal for you. </p><p class=”mol-para-with-font”><span class=”mol-style-bold mol-style-large”><a target=”_blank” class href=”https://www.dailymail.co.uk/mortgage-finder”>>> Compare the best mortgage deals available now</a></span> <span class=”mol-style-bold mol-style-large”></span></p></div></div></mol-permabox><div class=”moduleFull”><div class=”money item html_snippet module”> <style>
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