Contents
- Happy Clients
- November at Key Mortgage Advice
- Industry News
- Top Tips
- This Month on our Social Media
A Look Back Over The Last Month
Throughout November our team has been busy prepping for the holidays! We’re excited to see the year draw to a close and see what 2025 has to offer us. Here’s some of the things we got up to over the last month:
– We of course continued our tradition of breaking down mortgage jargon, such as discussing the difference between a freehold vs leasehold property, and exploring the world of Retirement Interest Only mortgages. Want to find out more? Head on over to our socials to read more.
– We introduced our handy “How can we help?” AI Assistant website feature. It presents you with a number of different questions and situations for you to fill in, creating a unique log of your situation and allowing you to book a meeting with one of our advisors to discuss exactly what you need. This clever tool sends us the answers you have provided when you book in your meeting, allowing us to get a head start on helping you better.
Look at this beautiful thank you gift Stephanie received from a happy client!
In November, The Bank of England made further cuts to Interest Rates! Back in August we saw a reduction from 5.25% to 5% and this month they have dropped a further 0.25% to 4.75%! But, what does this mean for your mortgage? Well if you’re on a fixed mortgage rate it doesn’t mean much, but, if you’re on a ‘Tracked’ mortgage rate it may mean you see a fall in your monthly repayments. Struggling to make sense of it? That’s why our mortgage experts are on hand to help you! Book a call in with us now and see how we can help you.
A Helpful Tip!
Did you know? Job stability is a key factor when it comes to lenders checking if you’re suitable for a mortgage application. A strong employment background that shows you have been in the same job for at least 6 months helps to prove stability.
That’s not to mean it is a deal breaker for lenders, you can still apply for a mortgage if you have recently changed jobs, but lenders are looking for assurance that you are going to be able to meet your monthly repayments and job stability is one of the best ways to prove this.
So, if you’re considering a sudden career change, you may want to wait till after your mortgage application is approved. Our experts are on hand to advise you through this, if you require any further advice please get in contact with us and secure an appointment.
Coming Soon!
What can you expect from us this month we hear you ask? This month you can expect more mortgage lessons such as “what are credit checks?” and “what is an Annual Percentage Rate of Charge?“ and an introduction into our ‘Compare Mortgages’ tool on the website.
You can also expect our newest Quarterly Blog post to drop where we’ll be giving you our Tips to Moving Home and talking about different Insurances you should consider when purchasing your first property.
We’ll see you next year for our next monthly newsletter! Have a lovely Christmas and a Happy New Year. As a reminder, here are our Christmas working hours – This Christmas we will be closing our doors at 12pm on the 20th of December and reopening on the 2nd of January 2025. We may not be contactable throughout this time but we look forward to getting back to you in the New Year.
