Our September issue of the Mortgages for Doctors newsletter is now available to read in full.
This month's edition covers the latest Bank of England decision, with the rate held at 3.75% following the September MPC meeting. With inflation having risen to 3.1%, largely due to higher energy prices caused by ongoing disruption in the Middle East, we look at the latest decision and what to watch ahead of the next review on 5th November.
The newsletter also features a practical First Time Buyer Hub, covering how to set a realistic budget, an overview of Shared Ownership and how it works, and why checking your credit score and report is an important step in the mortgage process.
On the lender and criteria side, we cover Coventry's enhanced lending options for eligible first-time buyers, including loan to income multiples of up to 6.5x in certain circumstances. We also look at Guaranteed Insurability Options - explaining how additional cover may be available without further medical underwriting following certain life events, subject to the insurer’s terms and eligibility criteria.
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