April 3, 2020

Mortgages are changing daily and there is not a day that goes by without another lender coming out with more changes on products. We are seeing a lot of lenders now funneling applicants according to how their jobs are affected by Corona Virus. My expectation is that th...

April 3, 2020

So they gave us the life jacket of Mortgage Holidays - that was nice of them! Now they are playing hardball on affordabilty. Yes I understand that there is going to be a potential issue with regards to affordability if you lose 20% of your salary but we are all staying...

April 1, 2020

Stay off the phone! You are not going to change things and if it's something really important then your mother will call you. Endless scrolling through BBC newsfeed is not doing you any good. Put the phone down and stick to the plan. Stick to the stuff that you can con...

March 31, 2020

Don't move unless you have to is the party line coming from the government. Delay concluding missives, agree a longer date of entry if you haven't and only move as a last resort. All well and good but let's hope the lenders play ball and honour that mortgage by extendi...

March 30, 2020

News today that there is now a resolution of sorts to the registration issue that plagued the system last week. All key holders have agreed a solution to the expiry of the title guarantee known as the Advanced Notice. It now means that transactions can complete but onl...

March 27, 2020

So there we have it. With one hand they give (extending mortgage offers by 3 months) and then the next moment the take (removing mortgage products with high LTV). The banks have done it again in sending out mixed messages to the public. This afternoon a great number of...

March 27, 2020

Common sense is not always common practice but good to see that the lenders have decided in the circumstances to extend mortgage offers for up to a period of 3 months. With the current climate making it almost impossible to purchase, there will be a huge backlog of tra...

March 25, 2020

Better news this morning as the bods at the Law Society, Registers and UK Finance have been bashing their heads together to get a solution to the closure of the Registers of Scotland that register titles for purchases and remortgages. Looks as if a solution is to hand...

March 24, 2020

More tentacles. Register now closed which effectively means that buying a house and remortgaging will now be suspended until they come up with a digital solution.......

March 24, 2020

This thing has so many tentacles. Everyday there are new impacts on the way we go about our day. With lock-down, it means that things are beginning to grind to a halt. If surveys cannot get done then the lenders are not going to be able to issue offers. The lenders may...

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. BRICKS AND MORTAR MORTGAGES LIMITED IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.