December 2021

Mortgage valuations explained The mortgage valuation is based on the surveyor’s knowledge of comparable prices in the locality. It may also give a “minimum reinstatement value”, which is the amount of money it would take to rebuild the property from scratch, should it ever be necessary. The mortgage lender will also ask to see evidence […]

Joint borrower, sole proprietor mortgages explained What is this new type of mortgage I hear you shouting from the stalls?​​Well, it’s a way of First Time Buyers increasing the amount available to borrow by including a parent or guardian in an affordability calculation, all whilst not sharing or diluting the ownership of the child’s first home.  If

40 year mortgages: too long, or just right? The length of mortgage terms has always been a hot topic. But with the likely age of retirement reaching new highs, and lenders criteria also as strict as ever, a longer term seems inevitable to many new borrowers. There are a number of factors contributing to the

What is an Agreement in Principle and do I need one? So you’re thinking about buying a place of your own? It’s a complicated process, knowledge is power, and it really helps if you understand the ins and outs of every aspect of the procedure properly. Here’s what you need to know about a mortgage

Getting a mortgage – 7 things First Time Buyers should know This is the first time you’re buying a home of your own, the first time you’ll own a freehold or a leasehold interest in a property in Britain or abroad. That officially makes you a first time buyer, and you’ll need a mortgage. So

Benefits of using a local mortgage broker in Kent With the rise of the internet and in particular social media, there are literally thousands of UK mortgage brokers online, offering a vast number of mortgage products of every type, from repayment to interest only, commercial to bridging. Although these brokers are so easily accessible there

Should I stay with my current lender or switch to a new one? If your mortgage deal is coming to an end you may find it to be an easy decision to stay with your current lender. However, they may place you on a standard variable rate which in most cases means you’ll be paying a much

Standard variable rates, it pays to switch mortgage Did you know? Doing nothing at the end of your mortgage introductory rate could cost you! If you currently have a fixed rate mortgage you should take note of when the rate comes to an end and be prepared to consider a remortgage. Doing nothing means your

5 popular mortgage types explained The vast majority of us will need a mortgage in order to purchase a property. However understanding mortgages and the different mortgage types can be overwhelmingly confusing. In this article we list and provide a simple explanation of the most popular mortgage types. We highly recommend that you speak to an

Why use a mortgage broker? Getting a mortgage is one of the biggest financial decisions you’ll make in your life, therefore it’s very important you get it right. What’s more, the mortgage market is immensely competitive, there are lots of different lenders and a range of products and rates and this can naturally create lots