Mortgage Information

 

A snapshot of Our Mortgage Application Process

If you are currently looking at mortgages, no doubt you’re starting to get just a little frustrated by exactly what is available and what is the best choice for you. At Mortgage Required this is what we do.

What Happens When Your Fixed Rate Mortgage Ends?

Unfortunately, fixed interest rates will eventually come to an end and when they do the cost of your mortgage may change - sometimes dramatically.

How Does Bridging Finance Work?

Bridging finance is usually used when you want to buy a property before you sell or refinance an existing property.

Typical Reasons For a Mortgage Application to be Turned Down.

Here are a few of the primary reasons most mortgage applications are refused.

How to Pay Off Your Mortgage Faster

Paying off your mortgage faster might be desirable for a variety of reasons but whatever your reasons there are a few facts worth considering.

What is a Mortgage Valuation and What Does it Include?

A Mortgage valuation will include summary notes made by the valuer after a short inspection of the property inside and out. It will make recommendations with regard to...

Top Tips on Saving for a Mortgage Deposit

Most mortgage lenders want to see a deposit of 10% and even after help from the Government, it’s likely that you will need to scrape together yourself a deposit of 5% if you are to borrow at a reasonably competitive rate.

Three Reasons to Remortgage

‘Remortgaging’ is simply when you either change the type of loan you have, or the mortgage lender, or the terms upon which you borrow. There can be many reasons to do this but here are the three main reasons.

What to do If You're Struggling To Pay Your Mortgage.

When struggling to meet mortgage payments it can make for an unhappy and stressful life. It’s important to maintain perspective of course and then decide what you can do to improve matters. Sometimes there will be plenty - usually your options are limited.

What's the difference between a Homebuyer Report and a Structural Survey?

Many buyers are confused by the difference between a Mortgage Valuation, a Homebuyers Report and a Structural Survey. If you don’t work in the industry, it’s understandable, but there’s an easy way to clarify.

Why You Should Use a Mortgage Adviser

Buying your home is probably the most expensive asset you’ll buy in your life. It’s therefore important that you get it right.

Documents to Provide When Applying for a Mortgage

One of the most common reasons for a delay in the mortgage application process is missing information.

What is a Mortgage in Principle?

A mortgage in principle is an initial mortgage offer made by a lender to a borrower. The offer is conditional upon checks and other criteria (including an acceptable mortgage valuation) but it has several benefits for the borrower.

Reasons Why Our Clients use an Equity Release Loan.

In simple terms, Equity Release lending enables you to release and use some of the equity tied up in your home whilst still allowing you to remain living there during your lifetime.

Use the Rental Exchange to Increase your Credit Score While Renting.

The Rental Exchange is primarily a database which aims to better record and score a tenant applying for a mortgage.

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...

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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