Topic: Mortgages

Can I obtain a mortgage if I’m self-employed?

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.

Getting a mortgage with bad credit

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.

Offset mortgages

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.

How much does it cost to buy a home?

A brief guide to the additional expenses and hidden costs

If you’re thinking of buying a home, there’s a lot more to consider than just the price of the property. The total cost of buying a house is often underestimated. It’s not just finding a deposit.

Obtaining a mortgage Agreement in Principle

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.

How to get a mortgage in later life

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.

Choosing the right mortgage

Should you choose a fixed, tracker or variable rate mortgage?

Choosing the right mortgage can make a big difference to the repayments you make for years to come, so it’s important to understand the advantages and disadvantages of the various options.

Lender’s valuations explained

What is a lender’s valuation and why do you need one?

The process of buying a property often involves getting a lender’s valuation. If you have questions about yours, we can explain what it is, why it’s important, and how it affects your mortgage.

What types of mortgages are there?

Selecting a mortgage is a difficult decision that you’ll need to think about carefully

 

Applying for a mortgage can be intimidating, and it sometimes feels like the lender has all the power. To help you feel as confident as possible, we’ve put together this guide to the main different types of mortgages, so you know exactly what you’re looking for.

First-time buyers

Higher deposits required as the housing market reopens

Many first-time buyers looking to secure a bargain right now may find they’re disappointed, as on the whole asking prices of all first-time buyer properties up for sale have been holding up. There will of course be some sellers who need to sell quickly and may be willing to negotiate on price so it’s worth asking your local agent if there’s any with this predicament if you do now need to lower your budget.