We are often asked about shared equity mortgages; this is different from “shared ownership.” Shared equity (this term can be confusing; however, the property is just yours), effectively this is a way to borrow money to use as a deposit to buy a property. This…
As national mortgage brokers, customers often ask us how they could pay off debt early so that they are mortgage-free. We have put together this nifty little guide. Make Regular Overpayments A simple steadfast way to become mortgage-free sooner is with regular overpayments. Even a…
Inheriting a property can be a bittersweet experience, as the reason that you more than likely inherited the property is due to the loss of a loved one. The process of meeting your obligations as a beneficiary, however, cannot be overlooked. There is inheritance tax…
Conducting a survey on a property is common practice when buying a home. There are many reasons why a survey is conducted, these can vary from structural issues to weatherproofing. We have put together a list of some typical areas a property surveyor will investigate.…
Firstly, we should look at what constitutes a Complex Mortgage. This refers to a person with an income from a variety of sources, usually not from a traditional nine-to-five job. So, what sources of income would fall under complex? This could range from lump-sum payments,…
Other than doing grunt work, researching deals offered by lenders, and using comparison sites to see which deals are available, there are only really a few options available to you. Firstly, the most obvious is speaking to a lender directly (usually a high street bank…
Usually, a lender will let you know why your application was rejected. There are a number of reasons why a mortgage application can be declined. These can range from already having considerable debt, deposit not being sufficient, your income is low, credit history, assessing your…
When it comes to buying a property in the UK, there is usually two main ownership status. These are Freehold and Leasehold. Buying a property with the right tenure is especially important, as what may initially look like a good deal, could end up being…
Buying your dream home is not only exciting but also a phenomenal achievement. We have put together a few tips to help you. Get an idea of what you are after and where Firstly, we would suggest, having a look at what is available in…
There could be several reasons to sell your property quickly, such as relocating due to work, downsizing, or upgrading. Whatever the reason, we wanted to offer some tips to get the ball rolling. De-clutter and Clean Inside and Out This is a brainer, and to…