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Construction Industry 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 the contractor to have to show tax year calculations and tax yea... Read more
The Net Zero speech made by the prime minister last night set out a new approach to achieve net zero in a more proportionate way. The mandatory home upgrades for new rental properties to have at least an Energy Performance Certificate (EPC) rating of ‘C’ by 2025, and all rental properties by 2028 have been axed. Other changes for homeowners included scrapping the ban on buying new boilers... Read more
There's no doubt that the housing market has changed this year, driven by the rise in mortgage interest rates and consumer uncertainty, house prices have started to fall but what does that mean for people looking to move house and upsize. These are the things you need to know when moving in today's market. 1. Upsizing in a price falling market should work in your favour. Let's do the sums ... Read more
What actually happens? The mortgage underwriting process is a key part of the mortgage application process. It is when the lender assesses the applicant’s ability to repay the loan, and decides whether or not to approve the loan. It can also vary depending on the lender. However, there are some general steps that are typically involved. Affordability assessment The first step is for... 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
