5 Ways To Improve Your Chance Of Getting A Mortgage
The UK housing market remains very active, despite the more challenging conditions presented by the rising cost of living. Property prices have also continued to rise at record levels, and this can make home ownership seem more out of reach for some. However, some people write off the idea of applying for a mortgage, even […]
Do You Need Insurance Policies For Your Mortgage?
For most people, their mortgage is likely to be the biggest financial commitment they will ever take on. Therefore, it makes sense to protect it with some form of insurance policy. This will give you the peace of mind that you can continue to meet the repayments on your new home, should you find yourself […]
End Of Mortgage Affordability Test May Help Borrowers
The Bank of England (BoE) has announced that borrowers will no longer be subject to the mortgage affordability test from 1 August 2022. This means that lenders will no longer have to assess whether a mortgage applicant would be able to afford the mortgage repayments at a higher rate of interest. The rule was introduced […]
Can you Borrow with Bad Credit History?
Having an adverse credit history does not exclude you from taking out a mortgage, in many cases. However, there are a few things to bear in mind if you are in this situation. Lenders will look at the credit score of people who apply for a mortgage, to assess their ability to meet the repayments. […]
Benefits To Count Towards Mortgage Payments
Getting that first step on the property ladder can be more challenging than ever before, with soaring house prices, rising interest rates, and wages failing to keep pace with the cost of living. Now, Prime Minister Boris Johnson has announced new measures designed to offer a helping hand to those on lower incomes. The fine […]
Help To Buy Deadline Brought Forward To October
The Help to Buy scheme, which was introduced by the UK government to help first time buyers in England get a foot on the property ladder, will close to new applicants on 31 October, which is two months earlier than the expected date. The scheme was set up in 2013 to level up access to […]
