News

Increase in first-time buyers in the UK For the first time since 1995, first-time buyers make up just over 50% of home purchases bought with mortgages in the UK. This figure is up from just 37% in 2010. The trend in the rise of first-time buyers continues as the number of first-time buyers has increased […]

Neil Henry

We know the mortgage market can be confusing for First Time Buyers, but our team of expert mortgage brokers at Westexe Mortgages are here to help! We already know that the complications involved in house buying are costing first time buyers, with 52 per cent saying they spent more than they intended. We want to […]

Neil Henry

Ever heard of product switches? Many of our customers are taking an entirely different route to re-mortgaging, especially if they only want a better mortgage deal and don’t want to borrow any more or make any other material change to their mortgage. Mortgage lenders are offering product switches without any further underwriting. Existing customers usually receive notification from […]

Neil Henry

Why use a mortgage broker rather than a mortgage banker? When you go to a bank for a mortgage you may come back with a heap of paperwork but limited options. On the other hand, mortgage brokers aren’t restricted by a single bank’s criteria.   Mortgage brokers have connections to multiple lenders and can negotiate […]

Neil Henry

After the latest comments from the Bank of England, financial analysts think a rise in the Bank’s base rate from 0.5% to 0.75% in May has become much more likely, with another one expected to follow in the Autumn. At least four million households with variable or tracker rate mortgages are likely to see their […]

Neil Henry

For the first time in more than 10 years the Bank of England has raised interest rates. The official bank rate has been lifted from 0.25% to 0.5%, the first increase since July 2007 when rates hit 5.75%. The move reverses the cut in August of last year – made in the wake of the […]

Neil Henry

Enter your name and telephone number below and one of our advisors will get back to you.