Mortgage Information

 

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.

Different Types of Mortgage Explained

Most of us need a mortgage to buy our first home and. But the types of loan available to the home buyer are wide and varied.

Specialist Mortgage Broker for the Armed Forces

Whether you serve in the Army, Air Force or Navy, whether in a regular of Territorial capacity, we at Mortgage Required recognise your very particular needs and we’re here to help.

What is a Mortgage Agreement ‘in Principle’ (AIP)?

A Mortgage in Principle is something we recommend. It certainly helps strengthen a buyer’s position when they are making an offer on a property. So what is a Mortgage in Principle? 

What affects my Credit Score and how is it Calculated?

Mortgage lenders have put together a number of criteria by which they can rank their borrowers in terms of potential risk.

What to Consider when Choosing a Mortgage Broker

Securing the right mortgage for you - on the best terms available - can be a complicated business. That is why you should use the best mortgage broker you can find.

What is Loan to Value Ratio and Why is it important?

Loan to Value refers to a ratio between two figures, namely the amount of money lent (the mortgage) and the value of the home you are buying (the value).

Is it possible to ‘Port’ a Mortgage?


There are several reasons why porting your existing mortgage loan might be advantageous, especially if you currently benefit from beneficial loan terms.

How to Prepare Before Making a Mortgage Application

A large part of a mortgage lender’s decision-making now comes from what are known as ‘affordability tests’ or ‘stress tests’. These calculations are based around the lender’s personal circumstances.

Bank of Mum and Dad

More than a third of all first-time buyers now rely on help from “The Bank of Mum and Dad”. According to research, parents now part-fund 34.1% of property purchases, up from 20% seven years ago.

Is Equity Release a Good Idea?

Equity release is a way for pensioners to release money by way of a loan secured on your home or through the sale of all or part of your home.

What does Exchange of Contracts Mean?

When buying your home one of the critical points referred to by everyone is ‘exchange of contracts’. But what is it and why is it important?

What is the Help to Buy Shared Ownership Scheme?

The scheme works on the basis that rather than having to put together a deposit and mortgage to purchase the whole of the property, a buyer can now purchase part of the property with the other 25 - 75% of the home being owned by a third party under the terms of this scheme.

Borrowing Into Retirement

The Insurance giant Prudential recently carried out research which found that 25% of 2017s retirees will retire in debt. This is at its highest level for seven years.

How are Mortgage Affordability Scores Calculated?

Since the introduction of mortgage affordability tests the lender will ask detailed questions about the your income, employment status, age, personal circumstances, other debts and liabilities and lifestyle.

Bad Credit

More and more lenders are agreeing to mortgages where customers have had blips on their credit profile. The main questions are, How big was the blip? How many blips do you have? and How long ago was the blip?!

How much does Maidenhead Council Tax cost and how is it calculated?

Maidenhead Council tax is a local tax to help pay for local services. These services include police and fire services, upkeep of local roads and street lighting, drainage, etc

Slim Down Your Mortgage Payments

Most lenders contribute to the re-mortgaging costs and the process is really not as complicated as people think –as long as you have a good broker acting for you.

What is the Mortgage Market Review (MMR)?

Part of the review requires lenders to implement a financial ‘stress test’. This means that lenders will want to make sure that even if (and when) interest rates rise their borrower will still be able to pay the increased mortgage repayments.

How to Repay Your Interest Only Mortgage

If you are still working, there are plenty of lenders happy to extend terms on a interest only mortgage. 

1 3 4 5
 
 
 
 

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