Mortgage Information

 

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.

How to buy a new home using the Help to Buy Equity Loan Scheme.

The Help to Buy Scheme was set up by the government to help people with little deposit, wanting to buy a home. It’s available to those that don’t own a home and are in the market for a new build home.

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.

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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