Mortgage Information

 

What is Mortgage Lending Criteria?

Mortgage Lending Criteria vary from lender to lender and they change fairly regularly. Set by the lender’s underwriters, the criteria are decided upon as part of the lender’s risk management of their entire ‘lending book’s’ portfolio.

Three Ways to Get on the Housing Ladder

No matter where you live, property in the UK is now relatively expensive with the average house price having nearly trebled since 1995. So, what can you do to get on the housing ladder? Here are three ideas to consider.

What is Equity Release?

There are lots of terms thrown around the housing market but one that regularly comes to the fore, especially in a good market, is Equity Release.

Tips to speed up your Mortgage Application

There is little that can be done to speed up the process and, frankly, you should not want to do so. However, there are some simple things you can do to help smooth the process.

How to Choose your Conveyancer

The conveyancer that you instruct must be properly qualified and authorised to act as your representative in the conveyancing process.

Our Top Ten Favourite Property Apps

Apps are now playing a greater and more sophisticated role in the life of the homeowner and new home buyer. Here are a few of our favourites UK property apps for your mobile gadgets.

A Guide To Shared Ownership

Shared ownership is nothing new but it is becoming more popular as house prices continue to grow out of the reach of even well paid individuals - especially in the South East of England.

How to Get a Mortgage When You're in the Armed Forces

At Mortgage Required we are authorised Help to Buy agents and also offer a specialist service to members of the armed forces.

Stamp Duty Scrapped for First Time Buyers

When most people now buy a new home, the Government recently introduced relief for first time buyers purchasing a home on or after 22 November 2017.

6 Ways to Help Your Child onto the Property Ladder

With property prices in many parts of the UK continuing to rise, many young people could be forgiven for assuming that they will never become a homeowner in their own right. However, this is not necessarily the case. 

What is a 'second charge'?

A mortgage is no more than a secured loan against an asset by way of a lien. A second charge works in exactly the same way. 

What is a Mortgage Broker and why you should use One.

A mortgage broker is an intermediary whose primary function is to advise his client on the mortgage best suited to his or her individual circumstance and specific needs.

Can I get a Mortgage when I’m on a ‘zero hours’ contract?

If you use an experienced mortgage broker you may find that as long as you have an otherwise good credit history, there is hope. In order to give yourself the best possible chance, you should do some early preparation.

How Long does it take to Get a Mortgage?

The mortgage process is relatively swift these days, but only if you have already spent some time getting together all the information you need. 

Understanding Mortgage Types & Rates

In today’s lending market there are a large variety of mortgage types. For the purposes of this article, we’re looking simply at repayment and interest-only mortgages.

What is the Difference between an Unsecured and Secured Loan?

An unsecured loan is a loan made to a party without any particular asset offered as collateral. A secured loan on the other hand is secured on your property, which has very different implications. 

Do I Need Mortgage Protection?

There are a variety of different types of protection available to you and if you have a mortgage it’s worth considering which type best suits you and your family.

What Does it Cost to Buy a House?

Here are the costs you may incur when buying a house.

What is a Homebuyer’s Report?

A Homebuyer’s Report is one of several different types of report that can be purchased by the buyer of a property.

Do I have to pay Capital Gains Tax when I sell my Home?

If you own more than one property (e.g. a holiday home or buy to let) you must elect one as your primary residence for tax purposes.

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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.

Call: 01628 507477