Do I Have to Change My Mortgage to Rent Out My Home?
Almost all, if not all, lenders will either prohibit you from letting your home to a third party or they’ll set restrictions and have formal requirements around notification, etc.
What is a Mortgage Valuation Report?
The Mortgage lender will require an independent valuation of the property to make a decision to lend.
Can I Borrow Money for a Mortgage Deposit?
The simple answer is yes - you can borrow money for a mortgage deposit. But there are strict rules and good and bad ways to do it. Let’s take a look.
What is an Early Repayment Charge?
An Early Repayment Charge or ERC is a charge made by a mortgage lender when you repay all or part of the loan amount sooner than the agreed redemption date.
Things to Consider When Comparing Mortgages
When considering mortgage alternatives, most people will simply look at the interest rate at the start of the loan and make a decision based on the lowest interest rate. This is understandable - but a big mistake.
Who are the Financial Conduct Authority (FCA)?
The UK Government defines the FCA or Financial Conduct Authority as being the body responsible for...
What is an RICS Surveyor?
The RICS stands for the Royal Institution of Chartered Surveyors. Qualified members of the RICS may use the title ‘Chartered Surveyor’ and use the designation MRICS, or FRICS if they have progressed to become a Fellow.
How Much Can I Borrow on a Mortgage?
Most of us need a mortgage to buy our next home so how much you can realistically expect to be able to borrow is critical to the process.
What is the Difference Between Exchange and Completion?
When buying or selling your home, understanding the difference between exchange of contracts and completion will help you to control the process, manage expectations and reduce stress.
How Long does a Mortgage Agreement in Principle (AIP) Last?
A Mortgage Agreement in Principal usually last between 60 days and 90 days so it’s important that you don’t apply too soon - or too late.
Mortgages for Self Employed
Due to the more complex nature of the self employed mortgage applicants, different mortgage lenders apply different criteria to assessing their income.
Mortgage Approvals made through Brokers is Increasing!
These figures should encourage first-time buyers looking to obtain a mortgage offer, although it is also worth noting that these figures refer to applications made through an independent intermediary, such as Mortgage Required.
How Does a Mortgage Work?
Mortgages are usually repaid over a considerable period of time, perhaps 15 - 30 years and whilst many mortgages are ‘repayment mortgages’, some are ‘interest-only’.
A snapshot of Our Mortgage Application Process
If you are currently looking at mortgages, no doubt you’re starting to get just a little frustrated by exactly what is available and what is the best choice for you. At Mortgage Required this is what we do.
What Happens When Your Fixed Rate Mortgage Ends?
Unfortunately, fixed interest rates will eventually come to an end and when they do the cost of your mortgage may change - sometimes dramatically.
How Does Bridging Finance Work?
Bridging finance is usually used when you want to buy a property before you sell or refinance an existing property.
Typical Reasons For a Mortgage Application to be Turned Down.
Here are a few of the primary reasons most mortgage applications are refused.
How to Pay Off Your Mortgage Faster
Paying off your mortgage faster might be desirable for a variety of reasons but whatever your reasons there are a few facts worth considering.
What is a Mortgage Valuation and What Does it Include?
A Mortgage valuation will include summary notes made by the valuer after a short inspection of the property inside and out. It will make recommendations with regard to...
Top Tips on Saving for a Mortgage Deposit
Most mortgage lenders want to see a deposit of 10% and even after help from the Government, it’s likely that you will need to scrape together yourself a deposit of 5% if you are to borrow at a reasonably competitive rate.
Recent posts
A recent study by Boon Brokers where 1,000 people who had used an estate agent over the last year were surveyed, showed that a whopping 52% said they were pressured into using the estate agents’ in-house mortgage broker.
When will mortgage rates fall further?
25 Jul 2025
Analysts are predicting further rate cuts this year, with the next one possibly coming down to 4% when the Bank of England’s Monetary Policy Committee meet on Thursday 7th August 2025.
The Financial Conduct Authority (FCA) has shared new changes to mortgage rules with the aim to simplify remortgaging, and encourage competition within the mortgage market.
Lloyds boost lending for first-time buyers
18 Jul 2025
Lloyds Banking Group has jumped on the bandwagon to boost lending for first-time buyers as they allocate an additional £4 billion to help first-time buyers on to the property ladder.
As the Loan to Income (LTI) cap has been increased to 5.5 times income, applicants who fit the First Time Buyer Boost criteria could borrow up to 22% more.
The government is introducing mortgage reforms to boost homeownership, stimulate economic growth, and make the housing market more accessible, especially for first-time buyers.
Chancellor Rachel Reeves has announced the most significant mortgage reforms in over a decade—great news for those dreaming of homeownership.
Nationwide ease criteria for first-time buyers
15 Jul 2025
Nationwide ease their ‘Helping Hand’ mortgage designed to help first-time buyers get onto the property ladder by allowing them to borrow up to six times their income.
Ways to save money over the summer holiday
9 Jul 2025
Keeping the kids entertained over the six-week summer holidays isn’t always easy, especially with the cost-of-living making it even more difficult. Below is a list of fun, inexpensive ideas to do over the break
The Financial Conduct Authority (FCA) has published a discussion paper about the future of the mortgage market in a bid to improve access for first -time buyers, self-employed, and those borrowing in retirement.
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