If you plan to move home and your mortgage is not yet paid off, you must consider whether to take your current mortgage with you or switch to a new deal. This choice may not always be in your hands, however, as some mortgages do not allow you to take them with you. A mortgage …
Whether you’re ready to apply for your first mortgage, whether you’re seeking to remortgage an existing property, or whether you’re upgrading to a larger home and need an increased home loan, getting help from an independent mortgage advisor is the best course of action. Independent mortgage advisors provide impartial advice about the different mortgage options …
It’s fair to say that having credit card debt may make it harder to get a mortgage. However, that doesn’t mean it’s impossible. A mortgage lender will look at many factors when considering your mortgage application, and that means that the debts you have aren’t guaranteed to spoil your chance of obtaining a home loan. …
If you are ready to apply for a mortgage in , you’ll need to know what size mortgage you’re likely to get based on your income. While there’s no single answer to this question because all lenders use their own criteria and calculations to determine the amount of money they’re prepared to lend to individual …
Taking out a mortgage is a significant decision for any prospective home buyer in , but the decisions don’t end there. Next, you must decide how you want the interest to be charged – on either a variable or fixed rate basis. But what is the difference between a fixed rate and a variable rate …
You may have heard of offset mortgages but may not know what they are or how different they are from standard mortgages. Offset mortgages are mortgages that are linked to savings accounts. Balances on those savings can then be used to lower the interest amount against your mortgage, thus saving you money. This is different …
Shared ownership mortgages can make obtaining a home loan more affordable. In the beginning, you only own part of the property and so must pay rent too, but it allows you to build up to owning the entire property later on. Shared ownership mortgages can help get some people onto the property ladder when their …
If you would love to own your own home but are struggling to get a regular mortgage or save a deposit, you may qualify for a Help To Buy mortgage. The government has introduced several schemes designed to assist first-time buyers in getting on the property ladder. These include Lifetime ISAs Help To Buy ISAs …
Guarantor mortgages could be the answer for those with a small or zero deposit or someone with a low credit score and who want to get a mortgage. Mortgage guarantors are typically a relative or parent who agrees to cover the payments for your mortgage if you’re unable for any reason to make the payment …
Have you automatically assumed that you won’t be offered a mortgage because of your poor credit score? Well, this isn’t always the case. Some lenders will indeed prefer to only lend to people whose credit report is pristine, but having poor credit won’t always disqualify you from getting a mortgage application approved. Adverse credit mortgages …