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The Hudson Rose Blog

Mortgages and Maternity Leave

By Jessica Mitchell | August 31, 2020 | 0 Comments

Today I wanted to talk to you about maternity leave and how that might affect your ability to get a mortgage or how much you can borrow.   A lot of people think that by saying that they’re going on maternity leave or revealing that they are already on maternity leave means that they won’t be able to get a mortgage.   It’s important to be clear that lenders are not allowed to discriminate against people being on maternity or having children. That said, they do have to factor in any changes to your expenditure and your outgoings, and obviously having children could be a major part of […]

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5 ways your family might help you buy your first home

By Jessica Mitchell | August 10, 2020 | 0 Comments

Struggling to get on the property ladder? Here are 5 ways your family might help you buy your first home Bank of Mum and Dad- Not raided the parents (or grandparents)’ cash reserves lately? Invite them over for a roast and a few sherries and broach the subject of gifting you a deposit. You can all sign a formal written agreement on any ownership rights or repayment plans if this feels more comfortable. If Mum & Dad don’t want to say a forever goodbye to their hard-earned savings, a family offset mortgage may work. They put their savings in an account linked to your mortgage. You can’t access […]

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5 things that could slow down your mortgage application

By Jessica Mitchell | July 8, 2020 | 0 Comments

Today I want to address a question that I’ve been asked probably more than any other over the last 13 years, how long does it take to get your mortgage offer? There’s no right way to answer this question because every lender is different, but the stock answer for me is anywhere between 4 to 6 weeks. However, normally we can get the application done and the offer completed inside this time. Let’s have a look at the various factors that affect how long it will take to process your mortgage application.   Lender service levels The first thing to consider is the lender’s service levels at the […]

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What is ‘Mortgage Affordability’?

By Jessica Mitchell | June 18, 2020 | 0 Comments

Mortgage affordability is the term we use when we’re talking about the amount of money a lender is going to lend you. It’s come a long way since the old days when it was simply a case of multiplying your income. Back then it would either be three and a half times your single income or 2.75 times your joint income. And you’d go down to the local Building Society with the cap in your hand and you’d ask them to please lend you some money and they’d make a decision.   But now that’s all gone. What we have now is a much more complicated business. Lenders […]

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5 things that could slow down your mortgage application

By Jessica Mitchell | June 1, 2020 | 0 Comments

Today I want to address a question that I’ve been asked probably more than any other over the last 13 years and that is how long does it take to get your mortgage offer? There’s no right way to answer this question because every lender is different, but the stock answer for me over the last 13 years to clients has been anywhere between 4 to 6 weeks is reasonable. However, normally we can get the application done and the offer completed inside this time.   Lender service levels There are several factors that affect how long it will take to process your mortgage application. The first one […]

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3 tips for improving your credit score

By Jessica Mitchell | May 15, 2020 | 0 Comments

Today I want to talk about credit and credit scoring.  If you’re a first time buyer, I’ve got three tips that will help you up your credit score and get the mortgage you need. These are really simple things that are often over looked.   1. Get on the electoral roll The first tip is to make sure that you’re on the electoral roll at your current address. Ideally you should not be at your parents address where you’ve been before, or an address when you were at University, or an address when you were working elsewhere. You need to be at the current address. Lender’s factor the […]

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What’s all this about Mortgage ‘Holidays’?

By Graham Taylor | April 21, 2020 | 0 Comments

Back in March the Chancellor announced that, as part of the economic policy to get us through Covid-19, mortgage lenders are going to offer up to three months’ payment holidays for those that are in difficulty. That’s really good news and I wanted to give you a bit more information about it because we all know that the next few months could be pretty tough.   The fact that the government have intervened in this is really good news because it gives us all a bit of breathing space. The most important thing to understand is that the first place to go is always your mortgage lender.   […]

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We are HR…..

By Graham Taylor | February 15, 2019 | 0 Comments

Boutique mortgage and insurance advisers. You are busy people and we love what we do! We believe that clients should be able to choose how to contact us and utilise their medium of choice. Face to face appointments can be conducted via video without the need for any special software. We also offer telephone appointments and there is no obligation – just give us a call for a chat.. We will advise you on the best mortgage for your circumstances from the whole of the market and provide updates throughout the process. Things work better when everyone knows what’s going on.

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