It’s our 3rd Anniversary! We've had a busy and brilliant three years at Stratton Thorpe Mortgage Solutions, arranging almost a quarter £billion in mortgage loans! A huge thank you to all our clients, team members, extended broker network, suppliers and colleagues. Here’s to years ahead of providing mortgage and protection advice tailored to YOU!
Have a look at some of our highlights of the last three years!
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
Older homeowners could free up £469bn by downsizing ‒ Savills
Homeowners over the age of 65 could unlock an average of £129,000 by downsizing to a smaller property, with the majority of locked-up housing wealth in the South East.
According to analysis from Savills, which used housing data from the English Housing Survey, there are around 3.6 million homes in the UK owned by over 65s with at least two spare bedrooms.
If homeowners downsized to smaller properties then an average of £129,000 could be unlocked, ranging from £59,800 in the North East to £239,200 in London.
Around a quarter (23.7 per cent) of these under-occupied properties were located in the South East, where the average amount that could be unlocked was £171,100.
SOURCE - MORTGAGE SOLUTIONS
News Analysis: Product withdrawals cause ‘carnage’
Both brokers and clients are increasingly frustrated at last-minute product withdrawals, with brokers feeling personally responsible if a customer loses a deal. The fact that many lenders are frantically pulling product ranges — sometimes their entire offering — off the shelves with the Promise of a quick relaunch is hardly an industry secret.
For example, according to data provided by Moneyfacts, things kicked off in August with Post Office Money removing its range, followed by Coventry Building Society taking the same action on 5 August. On 9 August, Suffolk Building Society withdrew its mortgage range too and, on 12 August, Platform took itself off the mortgage market, with Family Building Society removing all its fixed-rate offerings on the same day as well.
Come 16 August, Gatehouse Bank took its home finance products off the market, as did Al Rayan Bank on 19 August, followed by Dudley Building Society on 20 August.
Among these are sprinkled numerous cases of certain fixed rates, specific loan-to-value range products and other niche mortgage offerings being switched off and on, which to an outsider appears quite chaotic.
And, according to Moneyfacts again, they are not always switched back on. At the close of July there were 4,409 residential products for brokers to choose from; a number that, by the end of August, had shrunk to 3,918.
Another startling statistic: in July, the average shelf life for a
mortgage was just 17 days; in June this stood at 21 days.
SOURCE - MORTGAGE STRATEGY
FLEXIBLE APPOINTMENTS TO SUIT YOUR BUSY LIVES
Unlike Dolly Parton, we don't work 9-5! We offer flexible appointments to accommodate your busy lives
7 days a week - Monday to Sunday meetings available
AM & PM - Mornings, Daytime & Evenings appointments to fit around your work, childcare, and life commitments
Flexible locations - Face-to-face at a place most convenient to you, for instance your home or workplace
Hassle-free - Escape the town centre hustle and hassle of public transport and parking
Telephone or video calls if you prefer
House prices bounce back in August – Halifax
House prices edged back up in August reversing the dip seen in July but average growth slowed.
Values grew by 0.4 per cent last month after falling by 0.1 per cent in July with the average home reaching a new record high of £294,260.
Meanwhile, annual price increases cooled slightly to 11.5 per cent, from 11.8 per cent.
SOURCE - MORTGAGE SOLUTIONS
EPC requirements could force accidental and small landlords to sell
Upcoming legislation on Energy Performance Certificate (EPC) requirements for rental properties could force some landlords to sell properties in the short-term due to “perfect storm” of rising compliance costs and cost of living crisis.
The EPC legislation could mandate that new tenancies should have an EPC rating of C or high, by 2025, which is up from the current E rating requirement. For existing tenancies, the proposed deadline is 2028.
Mortgage broker firm Liddle Perrett noted that due to the uncertain economic environment landlords could choose to cash in now rather than “take the risk of riding out the current economic storm”.
It noted that this was especially the case for accidental landlords, people with property investments reaching retirement age and small landlords.
Landlords with older properties will also be under more pressure as they may have lower EPC ratings and could require more investment to improve.
The broker firm said that this presented an opportunity as there would be an increase of available rental property that investors looking for additional properties could buy, improve and add to their portfolios.
SOURCE - MORTGAGE SOLUTIONS
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
free Life Insurance quote in 60 seconds
We have recently launched our brand-new Life Insurance free online quote service. Through our website, you can now get an instant life insurance quote that is quick, simple and free. Our life insurance calculator can help you work out how much cover you may need to protect your loved ones and keep your home safe should the unexpected happen. Simply enter a few details about your lifestyle and living circumstances to find out how much cover is right for you.
· Quick, simple and FREE
· Get an instant quote in less than 60 seconds
· Easy online quote process to provide you with an idea of costs
· Search and compare quotes for products based on an analysis of a number of insurers
· Find out about the free additional benefits available
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