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 many documents 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 documents a lender…
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…
Surveying a property is a 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. Asbestos 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,…
Usually, a lender will let you know why your application was rejected. There are several reasons why a mortgage application can be declined. These can range from already having considerable debt, your deposit not being sufficient, your income being low, your credit history, assessing your…
When it comes to buying a property in the UK, there is usually two main ownership statuses. 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…
You’re interested in buying a property at Auction. You have your ideal property in mind, and you are eager to get to an Auction house. Buying a property at auction can be an exciting experience, and we wanted to help out by giving you a…