A mortgage broker is an intermediary who helps borrowers find the best mortgage deals and terms that suit their needs. Mortgage brokers work with a variety of lenders to find the best mortgage products for their clients. Mortgage brokers have access to a wide range…
We often have clients ask about buying at an Auction, and with that in mind, we have put together a mini guide. Firstly let’s start with differentiating between “Traditional Auction” and “Modern Auction”. Traditional Auction This is probably the most familiar type of Auction buyers…
This is referred to as porting your mortgage, which means that your current mortgage deal, including your payment plan, will be moved over to another property. Not all mortgages can be ported over, so it would be worth checking with your current lender to see…
There are several forms of self-employment, some examples are Entrepreneurs who usually have many sources of income, like rental property, in addition to several businesses. Or, Contractors, that are employed on a project-by-project basis and could work across multiple contracts weekly. Also, Company Directors, receive…
More than ever, buying a home has become easier, with a host of schemes available that help first-time buyers get onto the property ladder. One such scheme is the “First Home Scheme,” this initiative was set by the Government to help key workers (this is…
This is an interesting question, one that we are frequently asked. Briefly, the score itself is not the be-all and end-all, looking at the account conduct forms part of the overall assessment when lenders evaluate your eligibility for a loan. Yes, having a higher credit…
Applying for a mortgage is a meticulous process, and there are many documents that are required to submit alongside your application. Preparation is important and will also help you determine the right budget for your property. Here is our list to help you understand which…
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…
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,…