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Lloyd wells Mortgages

Lloyd Wells Mortgages was created to provide its customers with the perfect solutions to their mortgage and protection needs.

Moving Home Mortgages in Bristol. At Lloyd Wells Mortgages, we know how important it is making sure that moving home is as easy as possible.

Moving Home Mortgages in Bristol

First Time Buyer Mortgages in Bristol. The mortgage market changes all the time, not just in terms of mortgage deals and regulation but also in the way lenders assess mortgage applications.

First Time Buyer Mortgages in Bristol

We pride ourselves on being up to date with regulation, legislation and the economic market so we can pair this knowledge with your circumstances and match you to lenders. Current first time buyer mortgages include: This is only available to buy a new build home. The most you can borrow is £600,000. This is how it works.

The attraction of this scheme is that the government loan is interest-free for the first five years. What is a Lifetime ISA? A Lifetime ISA gives you flexibility in how you save and invest for your first home or later life.The Lifetime ISA is available to anyone aged between 18 and 39.The money can be invested in the stock market or you can save cash, just like any other ISA. Help - Purchase - Lloyd Wells Mortgages. Lloyd Wells Mortgages in Bristol. Case Study If you are wondering if debt consolidation is right for you, it may help to look at an example of other people in your position.

Lloyd Wells Mortgages in Bristol

Nicola bought her first home 5 years ago with some help from her Grandad. Her 5 year fixed rate was coming to an end and she wanted to look at fixing in again for another couple of years. Over the 5 years she has transformed her home, decorating throughout and putting in a new kitchen and bathroom. Although she had completed most of the work through savings, she had built up a small credit card balance. She told me that the debt was more than manageable, but if she was to increase her monthly payment by £100, it would still take a number of years to clear the debt off. Her current mortgage was £490 per month and she was paying £45 per month towards her credit card. Advice on Mortgages for First Time Buyers.

Housing Market Hurdles – Advice on Mortgages for First Time Buyers It goes without saying that 2020 has been an extraordinary year, one that we have never seen the likes of before.

Advice on Mortgages for First Time Buyers

At Lloyd Wells Mortgages, we speak to first-time buyers every day and know what problems they face climbing onto the property ladder. With Covid19 wreaking havoc with everything in its path, it has made buying your first property even harder. Checkout the best mortgage advisors in Bristol! Building, Maintaining & Preparing your Credit Score. Building, Maintaining, and Preparing your Credit Score.

Building, Maintaining & Preparing your Credit Score

Pros and Cons of New Builds. Pros and Cons of New Builds Buying a new build property is a perfect option for many.

Pros and Cons of New Builds

If you are anything like me, the idea of renovating a property is pretty daunting so being able to move into a brand-new property that has been built to your specifications is amazing. There are a few things to watch out for though, so we thought we’d put a list together of some of the Pros and Cons related to buying a new build. Checkout the best mortgage advisors in Bristol! Let’s start with the Pros. – As briefly mentioned above so much of a New Build can be picked by you.

Location Considerations. We get a lot of First Time Buyers asking for our opinions on where to buy and what to look out for.

Location Considerations

We get this a lot from First Time Landlords too actually but for different reasons! It’s difficult for us to say for certain whether a property is perfect for someone, only you’ll know that, but we thought it could be helpful to list a few considerations to bare in mind to help make that decision. Do send us the Rightmove link though as we are a bit nosey and love to see what you want to buy! This is a very personal thing of course but it is wise to not only consider whether it’s a good investment for now but whether your future plans (I.e. family, job) would suit the location. Emigrating to the UK and Looking to Purchase a Property.

Mortgages for Contractors. Mortgages for Contractors Although contracting is incredibly common these days, we still get a huge amount of inquiries from clients that have been finding it difficult to find a bank or building society that understands their income and can offer them a mortgage.

Mortgages for Contractors

There are many different types of contracts and therefore many different ways lenders will assess the income. The one thing every lender has in common with their criteria though is experience. Every lender will want you to either have a history of contracting, history in the industry or time remaining on the current contract. Checkout the best mortgage advisors in Bristol!

The easiest thing to do would be to break it down into the different types. What’s happening with Stamp Duty? What’s happening with Stamp Duty?

What’s happening with Stamp Duty?

Before we explain what is happening with the stamp duty changes, it might make sense to describe what stamp duty is. Stamp duty Land Tax (SDLT) is a tax that is paid when you purchase a property. The amount of stamp duty you will have to pay depends on the value of the property you are buying and if you have any existing properties. It is payable to HMRC 30 days from the completion. HMRC estimates that Stamp Duty raises £12bn for the Government. Checkout the best mortgage advisors in Bristol! Because of the global pandemic, Rishi Sunak announced that he was going to introduce a stamp duty holiday until 31st March 2021. What is a Help to Buy Mortgage? What is a Help to Buy Mortgage?

What is a Help to Buy Mortgage?

The Help to Buy Scheme was introduced in the UK back in April 2013 to help First Time Buyers to get on the property ladder. With increasing property prices, an expensive rental market, stagnating wages, and the cost of living continuing to soar, it was becoming harder and harder to purchase the property. The Help to Buy scheme works by providing equity loans on new build properties up to the value of 20% of the purchase price of properties outside London and 40% of the purchase price of properties in London. Originally, the scheme was only meant to run for 3 years but has continued to 2021. Broker & Mortgage Advisors In Bristol.