A Mortgage in Principle (MIP) also known as an Agreement in Principle (AIP) or a Decision in Principle (DIP) is a written estimate from the lender, giving you an indication of what they would be willing to lend you buy way of a mortgage. It is important to remember that an AIP is a formal approach to the lender asking them to check your credit file and assess affordability.
An Agr... Read more
Your mortgage appointment is essentially a fact finding exercise for your mortgage adviser. He will take some time to get to know you, your borrowing needs and your financial situation. Your adviser has a huge amount of knowledge about how you will be assessed for borrowing by the lenders.
Based on the information you give to your adviser he will do an affordability assessment to give yo... Read more
We have now received further advice from the following lenders; Santander, Natwest, RBS, Barclays, HSBC, Platform, Halifax and TSB.
Please note that payment holidays will not
constitute free money. Under Financial Conduct Authority rules lenders must
ensure that any “forbearance” will still assume an eventual full repayment of
have said that they will make every... Read more
Home-movers with queries and concerns relating to their mortgages can access fee free advice from Mortgage Advisers Ask About Mortgages.
Home movers not yet in contract
People who have accepted an offer on the property that they are selling and have had an offer accepted on the property they are hoping to buy but aren’t yet contractually obligated are some of the most vulnerable in ... Read more
In response to the pandemic, the Government has put in place
a number of measures to try and keep the economy moving. These have included
cutting the Bank of England base rate, mortgage payment holidays and a
commitment to pay 80% of salary for employees affected by the pandemic.
Here we answer your common questions in relation to your
mortgage and the Governments measures.
Will the cut... Read more