Mortgage Information


Can I Borrow Money for a Mortgage Deposit?

The simple answer is yes - you can borrow money for a mortgage deposit. But there are strict rules and good and bad ways to do it. Let’s take a look.

What is an Early Repayment Charge?

An Early Repayment Charge or ERC is a charge made by a mortgage lender when you repay all or part of the loan amount sooner than the agreed redemption date.

Things to Consider When Comparing Mortgages

When considering mortgage alternatives, most people will simply look at the interest rate at the start of the loan and make a decision based on the lowest interest rate. This is understandable - but a big mistake.

Who are the Financial Conduct Authority (FCA)?

The UK Government defines the FCA or Financial Conduct Authority as being the body responsible for...

What is an RICS Surveyor?

The RICS stands for the Royal Institution of Chartered Surveyors. Qualified members of the RICS may use the title ‘Chartered Surveyor’ and use the designation MRICS, or FRICS if they have progressed to become a Fellow.

How Much Can I Borrow on a Mortgage?

Most of us need a mortgage to buy our next home so how much you can realistically expect to be able to borrow is critical to the process.

What is the Difference Between Exchange and Completion?

When buying or selling your home, understanding the difference between exchange of contracts and completion will help you to control the process, manage expectations and reduce stress.

How Long does a Mortgage Agreement in Principle (AIP) Last?

A Mortgage Agreement in Principal usually last between 60 days and 90 days so it’s important that you don’t apply too soon - or too late.

Mortgages for Self Employed

Due to the more complex nature of the self employed mortgage applicants, different mortgage lenders apply different criteria to assessing their income.

Mortgage Approvals made through Brokers is Increasing!

These figures should encourage first-time buyers looking to obtain a mortgage offer, although it is also worth noting that these figures refer to applications made through an independent intermediary, such as Mortgage Required.

How Does a Mortgage Work?

Mortgages are usually repaid over a considerable period of time, perhaps 15 - 30 years and whilst many mortgages are ‘repayment mortgages’, some are ‘interest-only’.

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.

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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

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:

Call: 01628 507477