Prospective buyers in often ask me whether their credit score can be affected by the people they live with – and it’s not a straight yes or no answer! Your credit score is important, so worrying about whether others in your property could affect your chance of getting approved for a mortgage isn’t surprising. In …
Generally speaking, yes, you can remortgage your home to buy another property. Eligibility criteria for a remortgage will vary, but you can usually find a lender that will accept your application. Remortgaging an existing property to purchase another is often one of the best ways to generate a deposit since you can use the equity …
These days, many people believe that they need a high salary to even get their foot onto the property ladder. Yet, that isn’t always the case. Mortgage lenders today are less worried about your actual salary than about overall affordability. This comes down to a lot more than simply how much you bring home in …
What is a Zero Hour Contract ? Zero hours employment contract typically means that an employee doesn’t have guaranteed work or standard hours. Lenders who will offer a mortgage to this type of employee will understand that working on a zero hour contract doesn’t necessarily mean you earn less money than somebody with a full-time …
If you have an IVA or Individual Voluntary Arrangement in you may think you can’t get a mortgage at all. However, that isn’t true! It’s fair to say you may find it more challenging to get your application approved, but with the right help from a mortgage advisor, you can still find a lender who …
If you’re one of the many people in who has taken out payday loans, you may be wondering whether you’ll be able to get a mortgage offer. There is a lot of contradictory and confusing information about getting mortgages after having payday loans, so here is all the information you need. Will Mortgage Lenders Consider …
It’s not uncommon for landlords to change their mind about a property – whether that’s deciding to sell up or live in the place themselves. Whether the plan is to move into the property temporarily or long-term, you’ll need to change your mortgage from a buy to let to a residential one. If you need …
Many employers require staff to complete a probationary period when they begin a new job, and the length of this period varies between employers. Most commonly, this will be a period of six months, but in some sectors, it may be a shorter or longer period. So, what happens if you need to apply for …