About T C Hughes

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So far T C Hughes has created 9 blog entries.
12 03, 2024

Are interest rates about to plummet?

By |2024-03-12T17:04:37+00:00March 12th, 2024|Mortgage News|

Mortgage Rates Update Are interest rates about to plummet?   Having barely shifted since last autumn, many analysts expect that interest rates may start edging down. What will that mean for mortgage borrowers and anyone looking to remortgage?   Time for a fall? Most analysts agree that interest rates have peaked but there is less consensus on exactly when they will start to drop.   One forecast1 has suggested that Bank Rate rates will remain at current levels until June this year, when a series of cuts will see Bank Rate gradually fall to 3% by the [...]

12 03, 2024

Housing and Mortgage Update March 2024

By |2024-03-12T16:57:33+00:00March 12th, 2024|Mortgage News|

Housing and mortgage update The Bank of England (BoE) kept Bank Rate at 5.25% following the latest meeting of the Monetary Policy Committee (MPC) in February.  Bank Rate unchangedHaving risen to 5.25% in August 2023, the MPC voted to freeze Bank Rate for a fourth consecutive meeting in February, with a majority of six to three keeping it at its highest point since 2009. Although a majority voted for no change, there was nevertheless a split in the result. Two committee members opted to increase Bank Rate by 0.25 percentage points, while one preferred a 0.25 percentage point decrease. Many analysts [...]

8 12, 2021

HMO Cash Flow Investment Calculator

By |2021-12-08T18:51:22+00:00December 8th, 2021|Mortgage Calculators|

HMO Cash Flow Investment Calculator This HMO investment calculator is for assessing potential HMO investment properties return on investment and monthly cashflow.HMO refers to houses of multiple occupation. The calculator could also be used for other property types, singles AST lets, holiday lets and service accommodation if required.The calculator below is the same one that I have used for many years when looking at potential investment properties. This is not meant to be a black and white tool to say if something is good or bad investment. There are a huge number of factors involved. But this HMO [...]

8 12, 2021

Mortgage Affordability – A Definitive Guide

By |2021-12-08T18:57:29+00:00December 8th, 2021|Mortgages & Finance Articles|

The complete guide to mortgage affordability and how much you can borrow. In this guide you will learn: Why lenders assess affordability. How mortgage lenders assess affordability. Source of income used for affordability. What is the maximum you can borrow? Let's dive right in. If you don’t want to know the details and only want to know what you might be able to borrow then skip to the last section. Introduction to mortgage affordability. One of the metrics used to accept or decline a mortgage is mortgage affordability. By this we mean [...]

8 12, 2021

Stamp Duty Calculator for England & Wales

By |2021-12-08T17:36:14+00:00December 8th, 2021|Mortgage Calculators|

Stamp Duty Calculator We have made a handy stamp duty calculator so you can get an idea of what the stamp duty will be when purchasing a property. Stamp duty is a tax you pay when your purchase a house and its based on the purchase price of that house. How much stamp duty with you pay when you pruchase a property? Use our stamp duty calculator below to find out. This calculator is for guidance only and you should seek advice from your conveyancer as to the exact stamp duty you will be required [...]

20 04, 2020

How to Master your Personal Finances & Budget

By |2020-11-29T14:01:39+00:00April 20th, 2020|Mortgages & Finance Articles|

Mastering your Personal Finances This is a comprehensive guide to mastering you finance through manging your household budget. In this new guide you’ll learn how master you houshold budget Let’s dive right in: The way we encourage our clients to think about their personal finances is to liken it to running a business. All successful businesses manage their budgets carefully, ensuring that income generated always exceeds expenditure. It’s essential to be successful as a business, and its essential to be successful in managing your finances. This can also help prepare for a mortgage, you will have have [...]

20 02, 2020

Part 2: Managing future financial risks

By |2020-11-29T14:06:33+00:00February 20th, 2020|Mortgages & Finance Articles|

Part 2: Managing future financial risks Imagine you have a job and a mortgage, and are living with your partner (who also works) and your children in your beautiful new home. Have you ever wondered what would happen if you couldn’t work, or worse you or your partner sadly passed away? Unless you are very wealthy and have lots of savings, the likelihood is that it would be a struggle. In your absence, it might be impossible for your partner to continue paying the mortgage on their own and they might be forced to sell the family [...]

10 11, 2019

How mortgages for the self employed are assessed by lenders

By |2021-02-10T22:55:43+00:00November 10th, 2019|Mortgages & Finance Articles|

How Mortgage Lenders Assess Self-Employed Income One of the most common questions we get asked is – if I’m self-employed, how will lenders assess my income and affordability? In this blog, we give an overview of the different ways that lenders assess the income of the self-employed for the purpose of mortgage lending.If you are self-employed than mortgage lenders will assess your income based on their criteria for self-employed applicants. This includes sole traders, contractors, and company directors of a limited company or partnership. A special mention should also go to the Construction Industry Scheme ( CIS ) [...]

10 11, 2019

Mortgage Affordability Calculator

By |2021-12-08T16:37:37+00:00November 10th, 2019|Mortgage Calculators|

Mortgage Affordability Calculator What is the maximum you can borrow? Please enter your total gross income in the box below. This calculator is only a rough guide as it does not take in to account a large amount of factors that lenders consider. Here are some examples of income you can enter; Gross annual salary Gross annual commission, over time, bonus, car allowance, etc Self employed income - please see this post for more detail on self employed income Some benefits - tax credit, child benefit, disability living allowance, careers allowance Pension Income Please contact us [...]

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