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.
Lease not loved
The Government has announced a number of changes to leasehold in England, to address issues which have arisen with unfair conditions, rising ground rents and leasehold houses.
These include banning new leases for houses meaning that new-build houses will have to be sold as freehold, apart from shared ownership properties, community-led development, National Trust land and excepted sites on Crown land.
Measures have been introduced to ensure residential freeholders have the same rights as leaseholders on private and mixed tenure estates, such as the right to challenge the reasonableness of estate rent charges.
The Government have proposed new measures to provide a more consistent process when leasehold properties are sold. For example, it should take no more than 15 days to provide leasehold information to a prospective buyer and there is now a maximum fee of £200 + VAT for producing a leasehold property enquiry pack (LPE1) to prospective buyers. Ground Rent should be reduced in future leases to £0 (‘peppercorn’), except for retirement properties, community-led developments and financial lease products such as equity release.
The changes have been announced in order to prevent freeholder landlords from making a commercial profit from leaseholders. Any costs for the upkeep of a property are intended to be covered in the service charge. The Government proposes that there is no transition period for the banning of the sale of new leases for houses once the legislation is brought into force.
They also will give leaseholders the ability to apply to the First-tier Tribunal for a refund of any incorrectly paid ground rent, at any point. Freeholder landlords will also be subject to a civil penalty of £5,000 per property for illegally charged ground rents, and the Government has indicated they will potentially introduce higher charges for repeat offenders in the future.