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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. A Mortgage... Read more
This is the most common question that we are asked - of course when you're thinking of buying your first home or moving house you need to know how much you can borrow. Turning to an online calculator won't give you all the answers so we'd suggest you book a short online or face to face meeting with one of our brokers. An online calculator often won't take into account overtime or enhanced pay... Read more
You never know what life has in store. Is your family financially protected? If you own a property, it’s important to have sufficient life insurance in case something happens to you. If you die, your family may still need to pay off the mortgage and other expenses, and life insurance can help with that. Should you pass away within the policy term, it lets you leave a lump sum behind t... Read more
If you're a Construction Industry Contractor we can assist you with your mortgage. CIS contractors are in the fortunate position to not have to rely on their last 1 or 2 years accounts but can often use the income detailed on their last 3 months payslips. There is not a specific CIS Contractor mortgage but some lenders will consider these payslips as evidence of income without the need for... 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