How to give your mortgage application the best chance of success
High street lenders tend not to offer mortgages to the self-employed, contractors and freelancers without considerable paperwork and delay, so finding the right mortgage lender for your circumstances can be daunting.
How to buy a home despite having a poor credit history
Don’t be disheartened if you have been turned away by high street banks and lenders. It may be possible to get a mortgage with bad credit, although you’ll probably pay higher interest rates and you may need to come up with a larger deposit.
Which is the best type of property survey for you?
After you’ve made an offer on your new property, but before you’ve signed the contracts, it is usually advisable to appoint a qualified surveyor to look at it and identify any major repairs or alterations needed. There are various survey options available with different levels of detail.
Advantages and disadvantages of making overpayments
Overpaying on your mortgage can cut down the time it takes for you to repay the loan, and therefore the amount of interest you pay in total. If you’re beyond an introductory deal and are paying your lender’s standard variable rate (SVR), you can usually overpay by as much as you want.
What is an offset mortgage and is it right for you?
Choosing the right type of mortgage can save you thousands of pounds in the long-term. If appropriate to your particulate situation, one of the less common types worth considering is an offset mortgage.
Want to find out how much a mortgage provider is prepared to lend you?
Before applying for a mortgage, and often before making an offer on a property, you may need a mortgage in principle called a Decision in Principle (DIP), an Agreement in Principle (AIP) or a Lending Certificate.
Older borrowers have faced significant challenges in accessing the mortgage market
People are living longer than ever before, and often buying property later in life than previous generations. There are any number of reasons why someone could be seeking a mortgage over the age of 50.
Timing is crucial when investing in property, and if you need to make a purchase quickly, it isn’t always possible to get a mortgage. A bridging loan is an alternative that’s faster but works very differently.
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