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The Hudson Rose Blog

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3 mistakes not to make when choosing Life Insurance

By Jessica Mitchell | February 17, 2021

Thinking about what would happen if you were to become seriously ill or even die is not something most of us want to give much time to. Going so far as to get your finances in order, should the worst happen, is certainly a bridge too far for many. But having the right protection in place is so important. How will you manage if you lose your income for a long period of time? How will your loved ones pay for the house, the bills and food shopping if you die? It can and does happen so why not sign yourself up for a big old dollop of […]

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Graham Taylor ringing the doorball of cotswold stone home in Cirencester

What does ‘remortgage’ actually mean?

By Jessica Mitchell | January 21, 2021

This month at Hudson Rose, we’ve been focussing on remortgages and it occurred to me that sometimes the best thing is to go right back to basics. So today I wanted to explain what the term ‘remortgage’ actually means. In its simplest terms, a remortgage is either changing your mortgage from one provider to another, or changing your mortgage rate with the same provider. So, a remortgage doesn’t necessarily mean you’re taking more money out. It doesn’t even need to mean that you’re moving to another provider. But my current Lender has offered me a great rate? You might come to the end of your current mortgage deal […]

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Mortgages and Maternity Leave

By Jessica Mitchell | August 31, 2020

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. 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 this. Every lender […]

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5 ways your family might help you buy your first home

By Jessica Mitchell | August 10, 2020

Let’s face it, getting onto that first rung of the property ladder can feel like a complete impossibility for lots of people. House prices have risen and so has cost of living whilst wages remain disproportionately low. Even if you are in a position to afford the monthly mortgage payments, you will still need to raise a significant sum upfront to provide the deposit. It’s no wonder, therefore, that so many people are reliant on family members to help them out. So if you are in the fortunate position to have family who might be able to assist, this blog walks you through some of the different ways […]

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5 things that could slow down your mortgage application

By Jessica Mitchell | July 8, 2020

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 […]

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What is ‘Mortgage Affordability’?

By Jessica Mitchell | June 18, 2020

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 now […]

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3 tips for improving your credit score

By Jessica Mitchell | May 15, 2020

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 electoral […]

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What’s all this about Mortgage ‘Holidays’?

By Graham Taylor | April 21, 2020

Back in March 2021 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

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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