Spray foam insulation has been around for over 30 years, but it is becoming more popular as a means of insulating attic and roof spaces. However, this can significantly affect your chances of getting a conventional mortgage or equity release lifetime mortgage. What is spray foam insulation? Also known as spray foam or spray polyurethane form (SPF), this is an alternative to traditional […]
The Coronavirus and associated UK lockdown has had a dramatic impact on the world of Equity Release. There were three key parts of the application process which were affected – face to face meetings with prospective clients, valuations of properties and meetings with client Solicitors. CLIENT MEETINGS The first issue, face to face client meetings, became partly resolved with the immediate surge of […]
This is a guide on how to buy, sell or move home during the current Coronavirus and lockdown issue.
During these unprecedented times, everybody and every way we work has been affected by Covid-19. I felt it would be worthwhile outlining just a few of the impacts it has had on the mortgage and housing market. There are concerns the housing market will see reduced house prices, with a report published by The Centre for Economics and Business Research suggesting a 13% […]
We were recently presented with a challenge that seemed impossible: provide a mortgage for a client to buy a single storey bungalow built in the 1960’s from a timber frame, with no bricks involved and clad only in Cedar wood shingles. On top of this, the client wanted to continue running a volunteer cat protection charity from the property, housing a large number […]
Here at AWFS (Andy Wilson Financial Services) we always try to ensure that our clients fully understand their mortgage that they are taking out, and therefore we use plain English to explain the commitment they are taking out. However, the finance world is full of jargon and mortgage acronyms, so let us explain ten of the more common ones: AIP or DIP. Agreement-in-principle, […]
One of the techniques lenders use when assessing you for a mortgage is called ‘Credit Scoring’. This is a computerised system which allocates ‘scores’ to different aspects of your personal and financial situation. The scores are added up and you must pass a threshold value for them to be able to lend to you. Some things score higher than others. Being married with […]
Since starting the business in 2011, Andy has grown both the Mortgage and Equity Release services provided. Working alongside Tina, his wife and business partner, they have now reached the point of needing additional adviser support. They are therefore very pleased to announce the appointment of Robert Drury to the company. Working as the mortgage specialist within the team, Robert will provide a […]