Hello May!! What are your plans for the rest of 2025 - A new home? A renovation or extension? A new investment property? Maybe, sort out your protection cover?
Whatever your plans, we can help you make your plans a reality ❤️🏠
TEAM NEWS
This month, we’re launching a new regular feature that spotlights a different team member. First up is Kirsty Duncombe of KD Mortgage Solutions, who joined our network a few months ago.
Where are you based, and why do you love it? I love Buckinghamshire because it’s a balance between beautiful countryside and being a commutable distance to London, which makes it ideal for day trips and evenings out.
Your favourite local… Pub is The Betsey Wynne in Swanbourne. Perfect blend of countryside pub and delicious food!
Your most frequently asked question: Do I need a big deposit? The short answer is no! Some lenders are happy to proceed with a 5% deposit. However, the rates available might not be as favourable as with a larger deposit. Builders often make a 5% deposit contribution if you buy a new-build property. Plus, some lenders even accept zero deposit, subject to taking a ‘legal charge’ over a family member’s property. Or let your family member’s savings act as a deposit. So there are lots of options to consider!
Why should clients use you? My clients get a personalised service that reflects their needs. It’s not a ‘one size fits all’. I listen to you and your requirements before formulating tailored advice, and clearly explain everything.
MORTGAGE NEWS
Prices hit new high despite stamp tax hike: Rightmove
Average asking prices rose by 1.4% or £5,312 in the month to April, reaching a record high of £377,182, according to Rightmove. The portal says the increase is larger than normal for April and comes despite the stamp duty increase and a decade high in the supply for new homes coming onto the market for this time of year.
Asking prices are up by 1.3% and new buyer demand is 5% higher than a year ago. Rightmove says buyers seem to have adjusted to the stamp duty rise, with the no increase in the number of sales falling through and most of those who missed the deadline still proceeding with their purchases.
However, some sectors of the market are performing better than others. The Midlands and Northern regions all set new records for asking prices this month, but the South East and South West lagged behind.
SOURCE: Mortgage Stragegy
Mortgage advice for people getting a divorce or separation
Holiday periods such as Easter can be a catalyst for people in relationships to take stock and consider a fresh start. However, ending a relationship, civil partnership, or marriage is rarely a 'snap' decision. We urge separating couples to consider all the available options and seek financial advice, particularly when a mortgage is involved.
Our Top Advice
⚠️ Contact your mortgage broker and lender as soon as possible to update them on your circumstances
⚠️ Keep up your payments. Both parties are legally liable for repayments
How Stratton Thorpe can help
Divorce or separation can be a traumatic experience. As mortgage brokers, we minimise much of the stress and administration of arranging a mortgage. We offer free, no-obligation initial consultations that are confidential and without judgment.
Whilst this might be a new experience for you both, Stratton Thorpe has years of dealing with divorce and separation mortgage clients. We're here to help.
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Protection News
Need for Income Protection and Its Importance
When someone finds themselves off work for any length of time, whether due to illness, injury, or other unforeseen circumstances, the impact can be significant. The loss of income affects the individual and places additional strain on household finances. This can lead to a decrease in the standard of living, as essential expenses such as housing, utilities, and groceries still need to be covered.
Income protection is crucial in these situations, as it provides a safety net that can help maintain financial stability during challenging times. It ensures that necessary financial obligations can be met, reducing stress on both the individual and their family. Investing in income protection can be seen as a proactive approach to safeguarding one’s financial future, ensuring that the household can manage during periods of reduced income.
By recognising potential risks and taking steps to protect their income, individuals can better prepare themselves for life’s uncertainties, thus securing their financial health and overall well-being.
