Start your mortgage journey with us here, today! Below you’ll find informative guides covering various topics, navigating you through the intricate landscape of mortgages, and more. When you’re ready to move on, get in touch with our team who will walk you through the rest.
When you move home and already have an existing mortgage, one of the options you may have is to port your mortgage. This means that instead of paying off your current mortgage and taking out a new one, you switch your mortgage to the new property.
As well as being a simpler process, there are many other benefits to porting your mortgage when you decide to move home, including potential cost savings.
While many mortgage lenders offer mortgage products to applicants over 50 years old, the eligibility criteria can make it more difficult to get approved.
When mortgage lenders assess mortgage applications, they use a set of criteria to determine affordability and risk. One of the factors that is considered is the age of the applicant, as older applicants nearing retirement age may face a drop in income when they retire and may not be able to afford to keep up repayments.
When choosing the most suitable mortgage deal for you, assessing all options open to you is a prudent move.
Offset mortgages are a popular choice and in this guide, we’ll look at what they are and how they work, so you can get a feel for whether it’s a potential option you may want to consider.
The offset mortgage is growing in popularity. It links your mortgage to your savings account. The value in your savings account is deducted from your mortgage balance, meaning you pay interest on the balance, which reduces your monthly payments.
With different government initiatives available, which were designed to help UK homebuyers, the Shared Ownership scheme and Mortgage Guarantee scheme have a lot to offer and may be worth considering. That said, things are changing and at the time of writing, whether you can apply for a Help to Buy mortgage will depend on where you live.
Only Help to Buy Wales is open for applications until 31st March. England, Scotland and Northern Ireland don’t currently operate a Help to Buy scheme.
If you are considering buying your first home, you’ll be excited, and possibly a little overwhelmed. Our guide is designed to assist you as you prepare to apply for your first mortgage, providing important information that you need to be aware of and answering any queries you may have.
Mortgages are simply loans that homebuyers use to be able to purchase their property. It’s the property itself that is the collateral for the loan. Lenders need to be sure that they will get their money back.
There’s no doubt, remortgaging your home can significantly improve your finances.
With the cost-of-living crisis affecting so many, it could be a way to alleviate financial pressure. Reasons for remortgaging include:
