For decades, council tenants in the UK have had the opportunity to purchase their homes at a discounted rate through the Right to Buy scheme. This initiative was introduced by the UK government in 1980 to provide council tenants with a pathway to homeownership and to encourage them to take greater responsibility for their properties.…
Shared ownership is a type of home ownership in the UK where a buyer purchases a share of a property and pays rent on the remaining share. This allows individuals to become homeowners who may not be able to afford to buy a property outright. For example, a buyer may choose to purchase a 25%…
You may be looking to buy your first home, or it might have been a while since you applied for a mortgage; either way, it’s good to know exactly what to expect and avoid any potential bumps along the way! So, to get started, we have listed the top ten questions you should be asking…
What is a mortgage prisoner? Mortgage prisoners are those who are stuck with high interest rates due to being unable to fit the now much stricter criteria from lenders. Or, in other cases, borrowers who are stuck with lenders that have no products to offer. It is thought that around 140,000 people are in this…
When submitting a mortgage application, each lender will have minimum ‘packaging’ requirements. This basically means there will be a minimum number of documents they will need to see before they will consider placing your case in front of an underwriter. One of the documents a lender will always ask for is a bank statement. With…
Applying for a mortgage can be a fairly daunting process, especially if you are a first time buyer. Whilst a mortgage broker can help to alleviate some of the stress by handling matters on your behalf, it’s only natural to want to feel as though you still have control. By understanding exactly how the mortgage…
We receive a lot of enquiries from self-employed customers who aren’t sure whether they are able to apply for a mortgage. It might because they only have one year of accounts or it could be because their income can vary considerably from month-to-month and is quite difficult to prove. Self employed mortgage applications are more…
We are pleased to announce that another new lender is available through us with immediate effect. Digital Mortgages by Atom Bank is the UK’s first app-based bank, a technology led lender with no branches. They have an innovative new approach to banking and mortgage lending with the objective of making things straight forward, personal, great…
Looking to raise capital? Is a second charge mortgage right for me? If you are looking to release equity from your property to complete home improvements, consolidate debt, buy a new car or even a second home a second mortgage could be an option for you. Second charge mortgages have improved over the years and…
One of the biggest expenses in most people’s lives is their mortgage, yet it’s one of the things that we review least of all. We all review our car insurance each year so why not review your mortgage? It’s surprising how some people remain on their lenders standard variable rate (SVR) for years after the…
