We are a leading whole of market mortgage brokerage in Oadby specialising in both residential mortgages, buy-to-let mortgages and protection insurances.
A little bit about what I do
My name is Brian Howitt, and as you look for your new house, I will be with you all the way to guide and inform you about the process of obtaining a mortgage.
My vast array of experience coupled with my CeMap qualified advice will help you feel more relaxed as you search for a property.
My primary aim is to help my customers with all their mortgage-related needs, be that a buy to let or a residential. The advice given will not only inform, but will put your mind at ease as I research and apply for a mortgage specifically tailored to your needs.
A first appointment is completely free and will be used to gain insight into your ambition for your purchase of a new home. A full, robust, accurate and up to date fact find will be recorded if you decided to advance, and from there I will use my wealth of experience to find a deal that will be just right for you.
We offer tailored advice and recommendations to suit your needs and will guide you from the first appointment to securing your mortgage offer.
Mind the Gap
The gap between the cost of buying and renting is down 59%, its lowest in nine years, according to the latest Halifax Buying vs. Renting Review. In 2017 buyers were saving an average £900 a year compared to renters but the latest figures show this saving is down to £366. Housing costs, including a mortgage on a three-bed home in the UK, were £729 a month in December 2018, compared to the average monthly rent of £759 for the same property type.
Buying in recent years has meant lower monthly costs than renting across the UK but the latest picture shows an uneven snakes and ladders effect. Outside of London, Scottish buyers have the highest average annual savings of 20% (£1574) vs renting, compared to the most humble financial gain in Yorkshire, where the cost of buying is only 5% lower than renting. Regionally, buyers are better off than renters in Wales with annual savings of over £2000 (14%) where by in Northern Ireland mortgage payers are saving 7% less than their Welsh counterparts at £382 annually.
New Buy to Let mortgages have slowed down and first-time buyers are now driving the number of house purchases with a mortgage. The number of first-time buyers in 2018 hit 370,000 while the number of mortgages for Buy To Let house purchase at the same time fell for the fourth year to 66,400, according to UK Finance figures. Remortgages however have been rising showing the effects of recent changes impacting landlords including an additional charge on stamp duty for new Buy to Lets and the removal of mortgage interest tax relief.