Many first-time buyers hope to make this year the year they get on the property ladder, thanks to the increasing availability of 95% mortgages. But while there are higher numbers of suitable mortgages available, there’s no guarantee you’ll be approved.
To improve your chances, here are five of our top tips.
1. Register to vote
It might not sound like this has much to do with your mortgage, ... Read more
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 majority of people seeking mortgage advice want to know how much they can borrow and how much that borrowing will cost them by way of mortgage payments every month.
Your mortgage adviser will calculate how much different lenders will allow you to borrow and how much interest you will pay.
The amount you are able to borrow is calculated on an affordability calculator where informatio... Read more
Rishi Sunak announced the measure as part of his Budget, telling MPs: ‘Lenders who provide mortgages to homebuyers who can only afford a 5% deposit will benefit from a Government guarantee on those mortgages. ‘I’m pleased to say that several of the country’s largest lenders including Lloyds, NatWest, Santander, Barclays and HSBC will be offering these 95% mortgages from next mon... Read more
Moving house is an exciting time and more often than not, home movers choose to coincide the time of their move with the time when their mortgage product is due for renewal to avoid paying early repayment charges. All sounds fine so far, we're measuring up, ordering curtains and dreaming about life in our fab new home.
The problem comes when the home moving process takes longer than planned. At t... Read more