News and Insights
Firco is a renowned authority in mortgage advice. This will offer our clients and those connected to us an interactive way to keep updated with the expertise of our in-house specialists and experts in the fields that matter to our clients. Firco Group provides all our latest news and events as-well insights in the trends of today and the industry developments that could shape tomorrow.
Mortgage Top Tips! 1. Speak to an adviser as early as possible Before you start looking for a property to buy, it’s really worth speaking to us. We can help you work out how much you’re likely to be able to borrow, and give you useful hints
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Making Mortgages Easier! Here’s what we’ll need for all applicants to make your mortgage lives as easy as possible… We want to keep things simple, so here is the ultimate mortgage document checklist so you know exactly what you need when applying for a mortgage. No matter
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Stamp Duty Holiday Explained The chancellor has announced a temporary holiday on stamp duty on the first £500,000 of all property sales in England and Northern Ireland. The tax threshold has been temporarily raised until 31 March 2021 in order to boost the property market and help
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Improving Instead of Moving The average time a homeowner in the UK stays in their property is 21 years*. This contrasts with the 1980s, when a fast-rising property market encouraged a move every eight years on average. Now though, high prices and Stamp Duty, combined with the
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Bank of England cuts rates to 0.1% This month there’s been an emergency cut in interest rates in the face of coronavirus by 0.5% to 0.1% – the lowest in history. The rate cut is about trying to help businesses cope with the effects of the coronavirus
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Government-Backed Mortgage Schemes Although the Mortgage Guarantee scheme closed in December 2016, the Equity Loan scheme and the Shared Ownership scheme are still in operation. Help to Buy: Equity Loan scheme This scheme, which is currently set to operate until 2021, is designed to help those who
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What Does 2020 Hold For Property Market Resilience? Heightened economic and political uncertainty has cast a shadow over the property market in recent times. Although activity has been subdued in certain areas, as buyers and vendors hesitate, forward looking metrics indicate that market sentiment over the next
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Top 10 Questions To Ask A Mortgage Broker A mortgage broker is different to an advisor in a bank as they have expert knowledge in a wider range of products, and the ability to scour a selection of deals to identify the most suitable one for your
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How remortgaging works Remortgaging means moving your mortgage to a new lender while staying in the same property. Our guide can help you decide if it’s right for you. Is it time to remortgage? It’s definitely worth checking the latest offers if your current mortgage deal is
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