Thank you to everyone who helped us celebrate our third-anniversary last month. Over the last three years, we’re incredibly proud to have arranged almost a quarter of £billion in mortgage loans, helping first-time buyers, property investors, remortgage customers, and people wishing to upsize, downsize and relocate.
Team Away Day
We had brilliant team away day last month. It was great to take some time out of the office to be together with our growing Stratton Thorpe team. We were also joined by colleagues from our extended mortgage broker network - Matt from Phoenix Mortgage & Protection, Kevin from KJC Mortgages, and Gaurav & Ujwal from GK Finance.
We spent the day planning for the coming months and developing ideas for new ways to help our clients.
DOUBLE BONUS REFERRAL SCHEME
Earn £100 for every person you refer to Stratton Thorpe
To celebrate our 3rd Anniversary and thank our loyal clients, we have DOUBLED our referral bonus to £100! That’s right, receive a £100 Amazon voucher every time you recommend our mortgage broker service to your family, friends and colleagues.
if you are reading this, chances are you have already experienced our award-winning tailored mortgage and protection advice service. We most likely saved you time, money and stress to smooth the process of securing your mortgage. If so, receive a double bonus reward from us when you recommend and refer Stratton Thorpe Mortgage Solutions.
Terms & Conditions
Double Bonus £100 Voucher Scheme available until 31st December 2022
Available on our mortgage broker service only
To qualify, simply pass on our details and ask them to mention your name and Ref:ST2022 when they contact us
If the person you have referred successfully takes out a mortgage through us, you will receive a £100 Amazon voucher as a thank you
Voucher to be sent to you via email within 30 days of the mortgage completion
You may refer as many people as you wish. However, a maximum of three vouchers can be claimed in any 12 months
MORTGAGE NEWS & UPDATES
House prices see 8% rise but market slowing: Zoopla
House prices in the UK rose by 8.2% on an annual basis in August, says Zoopla – a £19,650 jump over the year.
However, the housing market is slowing, says Zoopla, likely soon turning from a sellers’ market to one that favours buyers, “as higher mortgage rates are set to cut buying power by up to 28%”.
This calculation is contingent on mortgage rates rising from 2% to 5% and borrowers wishing to keep their monthly repayments unchanged.
The report also shows that 6% of homes listed for sale have now had their asking prices reduced by 5% or more, the highest this metric has been since before the pandemic, “although re-pricing is a common seasonal trend as we enter the autumn market,” it adds.
While limited property supply and continuing demand don’t presage any big price falls, Zoopla says, it does expect price growth to slow “more rapidly” for the remainder of this year and into the next.
SOURCE - MORTGAGE STRATEGY
Thinking of moving?
But not sure what will happen about your mortgage. Many mortgages are 'portable', which means you may be able to transfer your current mortgage product to a new property. We can calculate all the costs and review your options to transfer your current mortgage to a new property or take out a new deal.
Maybe you've fallen in love with a new build, outgrown your current space, dreaming of a renovation project, or wish to downsize or relocate. We will help you consider and calculate all the costs of moving, including
• Estate agent fees
• Legal fees for buying & selling
• Moving costs
• Mortgage fees
• Stamp duty
Changes to the stamp duty rules now mean you will pay
• 0%: £0 - £250,000 (£425,000 for first-time buyers)
• 5%: £250,000 - £925,000
• 10%: £925,000 - £1,500,000
• 12%: £1,500,000+
September saw busiest week ever for mortgage searches: Twenty7Tec
The last week of September was the busiest week ever for mortgage searches, according to Twenty7Tec’s latest mortgage market findings.
It was revealed last week that 27 September was the single busiest day for mortgage searches ever, with 101,620 queries taking place on Twenty7Tec’s platform.
The latest findings show that the month’s searches for fixed mortgages were at 95.94% of their all time high.
Green mortgages were also popular throughout the month, with four of the top six days ever of a seven-day rolling basis last month.
First-time buyers (FTBs) formed the lowest proportion of the market since the end of the first Covid lockdown in the UK.
Meanwhile, the highest growth for mortgage searches by property valuation was in the £1m+ market where there were 18.73% more mortgage searches than in the prior month.
September also saw the five busiest ever days for mortgage searches by the self-employed, while mortgage searches by those who are retired also had the two busiest ever days in the last week of the month.
The end of September set a new record for the average combined salaries for mortgage hunters with £71,487 on 30 September.
SOURCE - MORTGAGE STRATEGY
Protection News
Free Protection Guide - out now!
Get our free simple guide to protection insurance products. Protection insurance policies provide both peace of mind and a financial safety net in the event of illness, injury or death. Regardless of whether you’re single or in a relationship, have dependent children or don’t have children, chances are you will benefit from some form of protection insurance.
To help you understand the options, email us to receive your short guide to protection insurance.
Mortgage holders more likely to have income protection than renters: LV=
Mortgage holders are more likely than renters to hold an income protection policy, the latest data from LV= shows.
The research found that one in four mortgage holders have income protection compared to just over one in ten renters surveyed.
It also reveals that 19% of UK workers would struggle to pay their mortgage or rent if they couldn’t work for two months due to illness or injury.
However, 24% of mortgage holders surveyed believe they don’t need income protection.
Meanwhile, LV=’s research found that 15% of working adult had an income protection policy in place, while 12% has a policy provided by their employer.
Over a quarter, 26%, of workers who don’t hold an income protection product say they would like to have one.
SOURCE - MORTGAGE STRATEGY
CLIENT REVIEWS
It is becoming increasingly important for local businesses to have an online presence and customer feedback is vital. This is not just for advertising purposes; clients like yourself trust peer-to-peer reviews and wish to research our company in advance. As consumers, its common place to review restaurants, goods, services, hotels and mortgage brokers are no different! We’d really appreciate your involvement - see here for details and how to leave us a Google Review
