Topic: Mortgages

Gifted mortgage deposits

Buying a home with a parent’s help

Many millennials rely on the Bank of Mum and Dad to help them get on the property ladder. The deposit required to secure a mortgage now is much higher than previous generations would have needed to save, so parents will often contribute some or all of it. If you’re considering this route to homeownership, either on your own behalf or your child’s, here’s what you should know.

Mortgage porting

Can you keep your existing mortgage when you move home?

Mortgage lending rates have hit record lows recently, so for some people its been the right  time to buy or remortgage to secure a better deal. But when it’s time for you to move home, you might lose that deal. If you want to hold onto it, you could consider mortgage porting if your lender approves this.

Can I remortgage when furloughed?

Answers to some of the most common questions we get asked

Many people in the UK have now been furloughed from work for more than six months, and though we are still in the midst of a pandemic, normal financial concerns continue to arise. One such concern is remortgaging your house, and how to do so while furloughed, if it’s possible at all.

Mortgages: how much can you afford to borrow?

Understanding how mortgage affordability is calculated

When you apply for a mortgage, the provider’s decision on how much you can afford to borrow can seem like a mysterious one. But there’s no magic or secret behind the outcome; just a simple affordability formula.

Looking to choose the right mortgage?

Follow our step-by-step guide to finding the best option for you

Choosing the right mortgage is a process that’s worth spending some time over, as decisions made now will affect your finances for years to come. We’ve provided the steps you need to consider to find an affordable mortgage that’s right for you.

How to choose the right area for your new home

What should you research before reaching a decision?

When you’re looking for a new home, there’s more to consider than just the property itself. The location and surrounding area could be just as significant to your enjoyment of living in the property, so there are a few things you should research before reaching a decision.

Retirement interest-only mortgages explained

How to borrow money against your home in later life

As you approach retirement, it tends to become more difficult to borrow money against a property, but there are still options available. These options include a retirement interest-only mortgage, which is available to applicants over the age of 55.

How to buy your home

The step-by-step buying process explained

The process of buying a home can seem complex and intimidating, but once you understand the steps involved, it’s surprisingly straightforward.

Coronavirus information for homeowners and renters

Financial impact of the pandemic and support available to stay in your home

With the coronavirus pandemic affecting not just the nation’s health but our incomes, many people are concerned about how they’ll keep up with monthly costs like rent and mortgage payments. Whether you’re a homeowner or renter, we have some information that may help.

Family Springboard Mortgages

Helping you to secure your home and mortgage

Saving a deposit for your first home isn’t always easy, so you may think that buying a home without a deposit sounds unrealistic, but a Family Springboard Mortgage could make it possible.