The new mortgage charter

12 months ago

You may have heard from the media that most lenders have signed up to The Mortgage Charter and are wondering what it means to me to you?

The aim is to help residential mortgage customers who are worried about higher mortgage interest rates or are facing financial difficulty.

Most lenders have agreed to offer the following support:

Switch to interest only payments for 6 months Extend their mortgage term to reduce their monthly payments with the option to revert to their original term within 6 months without an affordability check.

If you are worried about your mortgage payments and want to check affordability, please get in touch.

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Ann Evans

With over 35 years of experience helping first time buyers, I have mastered the art of finding the right mortgage deal to tailor your unique needs and financial situation. Unlike estate agents who only have limited options, I have access to over 90 lenders and can research the market to find you the most suitable deal I'll guide you through every step of the process, from pre-approval to closing, ensuring you understand your options and feel confident in your decisions. As your trusted companion and confidante, I'll listen when you have questions or concerns and provide answers and reassurance.

Why Use a Professional Mortgage Capacity Assessment? Robust and Court-Appropriate The reports are prepared specifically for Family Court use and are far more suitable than online mortgage calculators or informal lender opinions, which are not designed for legal proceedings. Authoritative An FDR Mortgage Capacity Assessment adds weight to negotiations and provides judges with a clear, professional view of realistic borrowing capacity. Transparent and Detailed While no specific lender or product is recommended, reports include: Affordability calculations Illustrative repayment examples Comparisons of fixed and variable interest rates Likely mortgage-related costs A Decision in Principle where appropriate Fixed-Fee and Proportionate Clear service levels and fixed fees are agreed in advance, with no hidden costs. Discounts apply where an earlier indicative assessment has already been completed. Bespoke to Your Circumstances Each assessment is tailored to the individual or joint financial position, with the ability to model multiple scenarios or provide updates where circumstances change.

Ann Evans Mortgage Adviser - First Time Buyers | Home Movers | Re-Mortgages | Property Investors | Specialist lenders – adverse credit | Protection | Life Cover | Critical illness Income protection | Family protection

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The new mortgage charter

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