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Buy now or wait

Chestertons estate agents

A good time to apply for a mortgage

As Mark Carney, the governor of the Bank of England suggests that another base rate cut could be on the cards; Springtide Capital is advising its clients that now could be a good time for first-time buyers to get on the property ladder and existing owners to consider remortgaging their property for a better deal.  This advice is reinforced by the Council of Mortgage Lenders' report announcing healthy lending figures of £22.5 billion, which was mainly driven by re-mortgage activity.

Low rates and high employment

It is often said that opportunities come out of challenging times and Henry Knight, Managing Director of Springtide Capital, would agree: "It might seem odd to some that Brexit could provide an opportunity, but as rates drop, it's an ideal time for home owners and first-time buyers to take advantage of cheaper mortgages”.

He continues, "Buyers and homeowners now have access to incredibly low rates, which ultimately makes the monthly repayments more affordable”.

Springtide's top tips for applying for a mortgage:

•         Ensure you can prove your income

•         Have a list of all of your outgoings, including holidays, groceries, household bills and entertainment

•         Ensure your credit score is healthy prior to applying

•         Find an experienced mortgage broker to ease the process. They will have pre-existing relationships with lenders which means that they will know exactly what



          information needed for your mortgage application and they often have access to deals that would otherwise be unavailable.

If you'd like to speak to an experienced mortgage broker please call 020 3040 4400.

Research and news with Chestertons Estate agents Article Details

Contributed by

Henry helped establish Springtide Capital back in 2005 with a view to providing a more bespoke and specialised advisory service to mid-high net worth and ultra high net worth clients.

Springtide Capital

Henry Knight

Springtide Capital

0203 040 4400