Welcome to our new Spring 2022 quarterly issue of The Mortgage & Property Magazine from Advanta Mortgages
When it comes to sustainability, having greener homes and a lower environmental impact is now sitting near the very top of many Britons’ property priorities. Sustainability can no longer be considered a niche. The Government’s intention is for all new homes to be zero-carbon by 2050 and produce a 75% to 80% reduction in carbon emissions by 2025. With pressure on natural resources and the uncertainty of climate change, on page 56 we look at why it is important that homes of the future are built in ways that provide benefits for both homeowners and the environment.
Are you looking to take your first step and get onto the property ladder? When you’re buying your first home, there is so much to think about. The process can fill you with a mixture of both nerves and excitement. From getting together a deposit to investigating the different types of mortgage, and, of course, what kind of property you should buy, it’s decisions, decisions. And that’s before you’ve even considered where you might like to live. Turn to page 16 for our top 10 tips to help you at each stage of your journey.
When it comes to obtaining a bigger mortgage, there are a few things you need to consider. Firstly, you need to make sure that you are eligible for a bigger mortgage and can meet the mortgage repayments. This depends on your income, credit score and other financial factors. On page 34 we look at how you could boost your mortgage borrowing power and what can determine a successful mortgage approval.
Recent years have seen an extraordinary period of competitive and low interest rate mortgage deals but, even before the Bank of England’s rate-setting Monetary Policy Committee began increasing interest rates last December, there were signs that the era of ultra-low mortgage rates was at an end. Turn to page 30 to see what this could mean for your mortgage.
We hope you enjoy our selection of articles in this issue. A complete list appears on pages 03 to 05.
If you require any further information or would like to discuss your mortgage requirements, please do not hesitate to contact us.