Tag Archive for: Mortgage broker Newcastle

Fiona McCulloch

What is your job role?

Mortgage & Protection Assistant

Where is the most beautiful place you’ve visited?

Definitely the Amalfi Coast in Italy! It’s just so picturesque.

If you were a film character, who would you be and why?

Probably Anne Hathaway’s character in The Devil Wears Prada (my favourite film). Who wouldn’t want free designer clothes?!

Can you play any instruments?

Just a few! We’re quite a musical family so I’ve played the cornet, clarinet, piano and guitar. My sister played the tenor horn and violin too, so it was never quiet in our house.

Do you have any regrets?

I don’t really regret anything, because if things hadn’t happened the way they did I wouldn’t be where I am now – with my husband, in my new house and in a job that I love.

What is the nerdiest thing you do in your spare time?

I play board games online with some friends once a week. It started during the pandemic and we’ve just kept going since. We play in person now too.

What do you enjoy most about your job?

I love helping clients going from the first steps of buying their first/next home to getting the keys in their hand. It’s great to be part of a major life event with clients.

What’s something you find challenging about your work?

Whenever a chain falls through for sales/purchases, it’s always quite sad to hear. I can empathise with our clients as that has happened to me too.
First-time buyers with 95% LTV mortgage

The first lender to offer 95% loan-to-value mortgages since the start of the pandemic is launching a new deal.

Accord Mortgages has announced its new product will be exclusively available to first-time buyers and that they are not using the government’s mortgage guarantee scheme for this deal, which was announced in the Budget earlier this month.

And the good news is, as an independent mortgage broker, Co-Navigate can offer this deal to qualifying first-time buyers.

Along with the government’s scheme, introducing the 95% LTV mortgages helps first-time buyers get a foot on the property ladder.

What is a 95% LTV mortgage?

A mortgage described as 95% LTV means that the loan is 95% of a property’s price, or value. For example, if you were buying a house worth £200,000 with such a mortgage, you would put down £10,000 of your own money as a deposit and borrow the remaining £190,000.

When the first lockdown of the pandemic was announced almost a year ago, lenders withdrew 95% LTV mortgages. Prior to lockdown there were more than 390 of these mortgage deals available, according to data from Moneyfacts.

If you are a first-time buyer looking for a mortgage, then contact us for a consultation. Although based in Newcastle, we can meet you online no matter where you are, so get in touch today.