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Viewing posts categorised under: Remortgaging

Is Your Social Media Account Affecting Your Mortgage Application?

Did you know that some banks will look at your social media account before offering you a mortgage, or an insurer will grant you cover? In fact, there are even some companies that will check what banks may see – for a fee. How does it work? Some credit score apps are working with lenders to see if you will be able to meet your repayments and financial obligations and they are doing this by checking whether there are signs of irresponsible purchasing behaviour and interests. Companies like Experian have always analysed consumers to give banks a picture of how much of a risk you are, although Experian has stated that they do not use Social Media for this purpose. However, whenever you apply for a loan or a job, other companies may vet your social media and they even charge you a fee to see the information and assumptions about you that they are providing to these organisations. These companies may put together a report of the impact your social media has on your borrowing ability. It will give you an indication of the predictions companies are likely to make about you based on the data that is available online. You can then use this report to change aspects of information publicly available in order to paint a more reliable picture to potential lenders. What do they check? These information-gathering companies will look at your Facebook, Twitter, LinkedIn and Gmail profiles, as well as online shopping receipts to see whether you are a competent spender. It can also look at newsletter sign ups and log-ins, so be wary as you may be unwittingly sharing information about your preferences. What can you do? In fact, by signing up to things through Facebook and Google it may save you time, but it is giving the app a picture of your interests and spending habits, so it’s worth taking the time to register fully for access to these online services otherwise you are giving access to your contacts, images, your location and your browsing history. Most of the time, this data is analysed by machines and you’ll be given a score. Therefore it’s essential that you set your account to private so that only you have access to your account and information posted. Everything you share or post online publicly tells people something about you, your habits and your behaviour. It can also help criminals steal your identity. Our advice is to go into Facebook and use the option to view your profile from the public’s point of view and adjust your privacy settings You could also download your entire Facebook history in the privacy section so you can see exactly what’s been stored about you and make changes to protect yourself in the future. If you would like further advice on mortgages or protection, contact Talk Mortgage Broker Peterborough today. 01733 306 226 Your home may be repossessed if you do not keep up repayments on your mortgage.

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How to get the best deals to re-mortgage in Peterborough

There are lots of reasons why home owners in Peterborough look to remortgage. You may want to raise money for home improvements, to consolidate debts or to purchase another property – maybe a holiday home or helping a child to buy their first house. You may want to remove or add a partner from the mortgage. At The Mortgage Broker, we understand that you don’t have time to scour the market looking for the best deals and want advice on what is the best offer. Your current lender or high street bank may have said no to a remortgage, but there are a wide range of lenders out there offering many different products. We have access to a wide range of deals across the market and can advise on what will work best for your personal situation. How many times have you found a good interest rate from a lender, only to be hit with a large fee for securing the new mortgage? We will look at each offer across the term of the deal and let you know the real cost to you. We can also provide a free valuation of your property and won’t charge you an arrangement fee. You can rest assured knowing that our mortgage advisers provide a free, no-obligation service to take the hassle out of re-mortgaging your home in Peterborough. call today on 01733 306226 to find the best deals for re-mortgaging your Peterborough home.

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Remortgages – Peterborough

Your Remortgage in Peterborough As the mortgage market remains fluid and ever-changing, many borrowers are opting to remortgage every couple of years so as to benefit from the new rates that are available to them.  If you opt not to take advantage of a new deal and to stick with what you currently have for the duration of your mortgage then you could be missing out on the chance to reduce the overall amount you are going to have to pay back. In some cases this can be a large amount so why not have a look in to a remortgage?  

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