Mortgage Information

 

What is a Structural Survey and What Does it Include?

Some buyers will decide to obtain an RICS Survey Report which generally covers a rudimentary report on the fabric of the property.

How the Interest Rate Rise May Affect You

Those of you that read our weekly articles here at Mortgage Required will recall that we warned of the widely-predicted rise in the Bank of England Base Rate back in the first quarter of 2018. Well, this week it has happened.

How do I Switch Mortgages?


If you think you might want to switch mortgages first you need to establish what it is going to cost.

How First Time Buyer Mortgages Work

When buying a home most of us need to borrow money. This loan is secured on the property you are buying and should you fail to stick to the terms agreed it’s possible that the lender will take possession and then sell the property to pay off what is owed.

How Much Can I Afford to Borrow on a Mortgage?

A mortgage lender will look at several things when deciding how much you can borrow. They are...

Mortgages are now the most affordable they’ve been for a decade!

It’s no surprise to many homeowners that mortgage repayments in the UK are the most affordable they have been for a decade but now Halifax have brought facts to prove it.

How can I be sure a broker will get me the best deal for me?

When using an advisor to find your next mortgage on the best terms - for you - make sure to check that they are whole market advisors.

List of Conveyancers in Maidenhead

We do not recommend any specific conveyancer but here is a list of local conveyancers in Maidenhead.

Tips on Getting a Mortgage When You’re Self-employed.

If you own the business and it is healthy and profitable there should be no problem.

Beat an Interest Rate Rise by Securing a New Mortgage Now.

As with all decisions in life, timing is usually critical. Perhaps now is a good time to re-appraise your own mortgage deal and consider options for the future?

Mortgages are the most Affordable since the 1990s

With interest rates having been at historical lows for over a decade it is, perhaps, unsurprising that a recent report by the Halifax has concluded that the proportion of the average UK homeowner’s income committed to paying the mortgage is currently well below the historical average of the last forty years.

Should I Use A Mortgage Advisor or Find My Own Mortgage?

What are the advantages and disadvantages of using an FCA qualified and accredited mortgage broker over, say, doing it yourself?

Who Holds the Deeds to your Home

Since the eighties property bought or sold in England or Wales has been required to be registered by your conveyancer at the Land Registry.

How to Get a Mortgage For a Property Being Sold at Auction

Buying a property at auction can be fun but you need to know what you are doing if you aren't to make some very costly mistakes.

Will my Mortgage Affect My Credit Score?

Yes. But usually on a good way, in the long term anyway.

The Interest-Only Mortgage ‘Timebomb’

If you are one of the estimated 2.6 Million people with an interest-only mortgage that expires within the next 10 years, now is the time to at least consider how you are planning to repay it.

Over how many years can I stretch my mortgage?

Mortgage rates remain low but with first-time buyers now regularly in their thirties and older, the monthly cost of borrowing is still sometimes relatively high. This is because most mortgage lenders will not extend a loan past a borrower’s retirement age.

What should I do about my mortgage when I move house?

When moving home most of us will have an existing mortgage to consider and, of course, we have to make provision for the mortgage on our existing home to be cleared before someone else can buy it.

What is a Lifetime Mortgage and How does it Work?

A lifetime mortgage is a loan made to older applicants which is secured on their home. You have the option not to repay it on a monthly basis but, instead, the interest can be rolled-up over the remainder of your life.

Help to Buy Equity Loans are More Popular Than Ever

The Help to Buy Schemes continue to be used by home buyers keen to get into the housing market. 2017 was an busy year with over 32,000 new-build homes purchased.

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Your home may be repossessed if you do not keep up repayments on your mortgage.

There will be no fee for Mortgage Advice. There may be a fee for arranging a mortgage. The precise amount will depend upon your circumstances, but we estimate it to be £399.

Mortgage Required Ltd, Finance House, 5 Bath Road, Maidenhead, SL6 4AQ is authorised and regulated by the Financial Conduct Authority reference 573718 at www.fca.org.uk.

The Financial Ombudsman Service is an agency for arbitrating on unresolved complaints between regulated firms and their clients. More detail can be found on their website: www.financial-ombudsman.org.uk

Call: 01628 507477