Why do you need my Bank Statements?
At IM Mortgage Consultancy Limited, we totally get it—handing over your bank statements can feel a bit awkward. But don’t worry, we’re not here to judge your coffee habit or that late-night Amazon spree. We ask for your bank statements simply because they help us give you the best possible mortgage advice. Lenders need to […]
Christmas Closure
Our offices will close on 13th December for our annual Christmas Break and will re-open as normal from Monday 6th January. All ongoing cases will be monitored during this time and updates provided as required. We would like to take this opportunity to wish all our clients a Happy Christmas and a prosperous 2025 and […]
Proof of Deposit: What’s the Big Deal?
One of the main reasons that can slow down a mortgage application is showing a lender your proof of deposit. When you’re buying a home, lenders don’t just want to know how much cash you’ve got – they want to know where it came from. Think of it like a nosy friend asking, “Who paid […]
Recent Bank of England Base Rate Announcement: What It Means for Borrowers
IM Mortgage Consultancy Limited is here to keep you informed about the latest developments in the financial world. On September 19, 2024, the Bank of England announced its decision to maintain the base rate at 5%. This decision comes amidst a backdrop of stable inflation rates, currently at 2.2%, aligning closely with the Bank’s target. […]
Want to buy a house but only have a small deposit…read on
Accord Mortgages has launched a new mortgage enabling first-time buyers with a £5,000 deposit to purchase a property valued up to £500,000. For someone taking out the typical £200,000 first-time buyer mortgage, this would mean a loan-to-value of 97.5%. The five-year fixed rate of 5.99% is available to first-time buyers only on a maximum property […]
Interest Rate Announcement
The Monetary Policy Committee meets today to decide if interest rates should remain at 5.25%. As mortgage holders, this is an important decision that affects the cost of your home loan. There are positive signs that rates may stay put this month. Keeping the rate static would continue supporting mortgage holders like you. It would […]
Property transactions inch up in March as market continues to stabilise: HMRC
Property is the largest asset class in the UK with more than 1,000,000 properties changing hands each year, in an exchange that is a key moment in many people’s lives. Completing the property transaction requires both the transfer of large sums of money and the need to update the Land Register to reflect the transfer […]
95% Mortgages are back !!!!
The first lender has revealed their 95% mortgage today. Available from tomorrow, they will be offering a 5 year fixed rate for First Time Buyers only. It is expected that there will be a huge demand for this product and it may only be available for a short time only therefore if you wish to […]
Fast reliable broadband now essential for househunters
It is hard to argue that lockdown hasn’t changed people’s attitudes towards their homes. Many househunters have shifted their priorities away from traditional ideals such as more bedrooms or a larger kitchen. Recently, we have all seen reports online about the desire for more outside space, which is understandable considering how long we have all […]
Covid-19 – What We Are Doing
The COVID-19 pandemic has, quite clearly, brought about challenges and led to an unprecedented and testing situation for many people. During this time, IM Mortgage Consultancy remains fully operational. Many of you may know we work from a purpose built office at our home address and although we are unable to conduct face-to-face meetings with […]