Mortgage Information

 

we have put together a list of important things to consider whenever you’re comparing mortgage products from different lenders.

We have listed some of the most common reasons why people are unable to get the mortgages they’ve applied for

To help anyone who is interested in equity release, below we have answered three of the most commonly asked questions.

To help anyone who is interested in equity release, below we have answered three of the most commonly asked questions.

If you’re over 55 years of age and have considerable equity in your home, you may be wondering; ‘can I use equity release to buy a second home?’.

You may have heard of the term ‘equity release’ and simply put, this is the process of releasing some of the money that is tied up in your home.

Purchasing a property and then letting it out to tenants is a great way to earn additional income and the more properties you own, the more you can earn.

Purchasing a property and then letting it out to tenants is a great way to earn additional income and the more properties you own, the more you can earn.

Buying your first home comes with a mixture of emotions. Owning a property is a really exciting prospect, but the practicalities associated with actually buying a property can be quite daunting.

Although there is a huge range of different types of mortgages on the market, one of the most commonly required is a residential mortgage.

Once you have been living in your home for a few years, you may want to consider remortgaging. Switching mortgage providers is actually quite common and there are a number of different reasons why people choose to remortgage

If you’re still trying to get to grips with what a mortgage is, below we have covered all of the basics you need to know before buying a property. 

It is important to ensure that you’re aware of your credit score and you’re obtaining a copy of your credit report before applying for a mortgage. 

There are actually lots of different land mortgages available, from self-build mortgages and commercial development mortgages to agricultural mortgages.

If you’re wondering what can potentially stop you from getting a good mortgage deal, we have looked into some of the most common factors to be aware of. 

Nowadays 100% mortgages, also known as ‘no deposit’ mortgages, are not available and people who are looking to buy a home will require at least a 5% deposit to get a mortgage offer from a lender.

Getting a foot on the property ladder is becoming more and more difficult for people of all ages. Not only is the price of property in many parts of the UK continuing to rise, but the majority of businesses still only pay their employees minimum wage, so many fear that they will never be able to own their own home. 

The mortgage that you secured when buying your property may not be the best deal after a few years, especially if your home has gone up in value

If you’re new to buying a home, you may hear lots of familiar phrases that you don’t fully understand. One of these phrases commonly used is ‘the chain’. If you’re unsure what this is and why it’s talked about so much, we explain here.

A gifted deposit is a sum of money given to you by someone else, usually a member of your family. The money you are gifted must be given by way of a gift and not a loan.

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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