Over the years, lenders have provided numerous incentives to tempt homebuyers into choosing their brand, such as cashback or high street vouchers. TSB is the latest lender to try this strategy, offering certain borrowers a 12-month break from council tax payments by reimbursing the amount payable.

The deal is being marketed towards home movers and first-time buyers looking for an LTV (loan to value) of between 75 and 95 percent. Now, after the mortgage payment, council tax is one of the biggest outgoings a homeowner will face annually. However, the amount due varies, as properties are banded depending on size and location, with different rates being set by the different local authorities.

Professionals who work in the mortgage field have undertaken and completed the relevant CeMAP training, meaning that they are able to provide the best and most suitable advice for each individual mortgage proposition they face. They would be able to help the homeowner decide which deal is more cost-effective – whether the 12 months of reimbursements are worth more or less than the monthly payments that competitors’ rates may generate.

The CeMAP training that they complete also means that borrowers know their case will be treated openly and transparently following the Mortgage https://www.beaconfinancialtraining.co.uk/wp-content/uploads/2020/06/cemap-online-and-classroom-training-uk.jpget Review, which saw stricter regulations being imposed on lenders. Mortgage professionals fully comply with this regulation, meaning home buyers are able to feel confident that the advisers they are speaking to are acting in their best interest.

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