The UK budget announcement will have various impacts on mortgages and the property market, the key areas we have identified are: Stamp Duty Land Tax (SDLT) Reform:  The Spring Budget did not bring the anticipated Stamp Duty reform, disappointing many. This absence could hinder homeowners’ ability to move up or down the property ladder, affecting freedom of movement in the housing market[2][5]. 99% Mortgage Scheme Abandoned: Chancellor Jeremy Hunt decided against introducing a 99% mortgage scheme due to concerns about inflated house prices and unaffordable mortgages. This decision was seen ..read more

If you live in a housing association property you’ll be able to buy your home at a discount under plans to extend the Right to Buy scheme, the Prime Minster has announced. The extension of Right to Buy to include housing association tenants is new and we’re waiting for details about how it will work. However if you’re currently living in a council house you can start looking into buying your home with the Right to Buy scheme today. So what is Right to Buy? If you’re a council tenant in England, the Right to Buy scheme helps you buy your home at a discount of up to £87,200. This disc ..read more

Mallard Mortgages are proud to announce that we are now a Sheffield United Associate Partner. for the 2023 / 2024 season. Lookout for our advertising around the stadium. If you see us be sure to tag us in your social media posts! The post We are a Sheffield United Associate Partner first appeared on Mallard Mortgages ..read more

You’re probably aware of soaring energy bills and the pressure that will put on your household finances but did you know base rate rises to the Bank of England base rate could also mean you’ll have to shell out more each month? That’s because when the base rate increases it may mean you’ll have to pay more eac month for your mortgage, depending on the type of mortgage you have. And if you’re looking for a fixed rate mortgage you’ll find rates on these are increasing too. That’s why we’ve put this article together to explain what the base rate is, how the increase could impact your mortga ..read more

We are really pleased that our bad credit mortgage advice expertise and our support in helping those with adverse credit obtain mortgages is getting recognised! If you are looking to move house, or remortgage, and have less than perfect credit history make sure you use a bad credit specialist! Following on from our nomination and the subsequent research at the judging stages, we are delighted that Mallard Mortgages has been successful this year and has been awarded: Leading Bad Credit Mortgage Advice Specialists – South Yorkshire About SME News – Finance Awards SME News are deli ..read more

Have you heard about green mortgages? You could get a cheaper rate on your mortgage or cashback if you take one out. But how do you know if you’re eligible to get a green mortgage? We’ve put together this article to explain everything you need to know. What is a green mortgage UK? So what are “green mortgages”?. Broadly speaking, green mortgages reward you for buying or owning an energy efficient home or for making energy-efficiency improvements to you property. Green mortgages have been around for several years, however they have started to become more common. In fact research by Defaqt ..read more

With soaring inflation and sky-high energy bills we’re all looking for ways to cut back but it’s important not to see protection insurance as just another Direct Debit to cancel. That’s because unlike wasting money on a gym membership you don’t use, protection insurance offers important benefits. In fact, the current cost of living crisis means it might be more important than ever to have protection insurance. Here’s why… Do I really need life insurance? If you’re looking at your spending and wondering if you really need to pay life insurance premiums on top of everything else then ..read more

Introduction: The ups and downs of economic cycles often bring about various challenges, especially for homeowners navigating mortgages. Recessions can significantly impact the housing market, leading to uncertainty and financial strain for many individuals. Understanding how mortgages are affected during these downturns is crucial for homeowners to make informed decisions, thankfully this is where Mallard Mortgages can help! Impact on Interest Rates During Recession: During recessions, central banks often employ monetary policies aimed at stimulating the economy. One common strategy invo ..read more

Help to buy schemes for first time buyers If you’re dreaming of owning your own property the good news is it may be easier than you think. That’s because there are a range of help to buy schemes available designed to help you get your first foot on the property ladder – and to help you build your deposit too. Read on to find out everything you need to know. What help to buy schemes are available? There are several first time buyer schemes that could help you purchase your first home. These are: Help to Buy Equity Loan You can buy a new build property through the Help to Buy Equity Lo ..read more

Introduction: Obtaining a mortgage can be a complex and daunting process, especially if you are self-employed. Being your own boss brings numerous advantages, but it can also present challenges when it comes to securing a mortgage. This is where Mallard Mortgages step in and becomes invaluable. In this blog post, we will explore the importance of working with a mortgage broker when you are self-employed. 1. We are Experts in Self-Employed Mortgages: Self-employed individuals often face unique hurdles when applying for mortgages due to fluctuating income, irregular cash flows, and complex finan ..read more