Category: Adverse Credit Mortgages

  • Green Mortgage Deals for EPC A–C Homes

    Green Mortgage Deals for EPC A–C Homes

    Green Mortgage Deals Explained If you’re planning to buy a home or remortgage, you might be surprised to learn that your property’s energy efficiency could impact the type of mortgage you get. Green mortgages are a growing trend in the lending world, offering incentives such as lower rates or cashback when you choose or improve Read more

  • Bad Credit Mortgage Lenders

    Bad Credit Mortgage Lenders

    Bad Credit Mortgage Lenders – Finding the Right Mortgage The mortgage market when bad credit is present, can feel daunting. Whether you’ve had financial difficulties in the past, such as missed payments, a County Court Judgment (CCJ), or even bankruptcy, securing a mortgage might seem like an impossible task ahead. The good news is that Read more

  • Debt-to-Income Ratio

    Debt-to-Income Ratio

    Understanding Debt-to-Income Ratio When it comes to applying for a mortgage, one factor that a lot of lenders consider is your debt-to-income (DTI) ratio.  This ratio provides insight into your financial health by comparing your total monthly debt payments to your gross monthly income.  Understanding and managing your DTI ratio can impact your ability to Read more

  • What to Bring to Your Mortgage Appointment

    What to Bring to Your Mortgage Appointment

    Essential Checklist: Documents You Need for a Hassle-Free Mortgage Appointment Preparing for your mortgage appointment is crucial for a smoother and more efficient application process.  Bringing or sending over the correct documents can significantly speed up the approval of your mortgage or remortgage.  At Kerr & Watson, we aim to make this process as seamless Read more

  • Does Being in Your Overdraft Affect Mortgages?

    Does Being in Your Overdraft Affect Mortgages?

    How Overdraft Usage Affects Your Mortgage Application: What You Need to Know When you’re preparing to apply for a mortgage, every aspect of your financial situation comes under scrutiny, and that includes your overdraft usage, in the same way lenders look at your other debts.  Overdrafts are a common financial tool used by many to Read more

  • Case Study: Home Mover Mortgage in Farnborough with Adverse Credit

    Case Study: Home Mover Mortgage in Farnborough with Adverse Credit

    The Scenario A single applicant sought to purchase a new home in Farnborough following a separation from their ex-partner. The client’s previous property was sold to the ex-partner, who also took over the mortgage. This provided the client with a deposit of £150,000, enabling them to purchase a property valued at £290,000. The client required Read more

  • The Mortgage Process: What Lenders Look For and What Underwriters Do

    The Mortgage Process: What Lenders Look For and What Underwriters Do

    Key Insights and Tips to Boost Your Mortgage Approval Chances Mortgage underwriters are the gatekeepers of mortgage approval, meticulously assessing every aspect of a your financial profile. We explain the intricacies of mortgage underwriting, shedding light on what lenders scrutinise and offering actionable advice to bolster your chances of securing that coveted mortgage offer. Understanding Read more

  • Longest Term Mortgage in the UK

    Longest Term Mortgage in the UK

    Longest Term Mortgage in the UK: Benefits and Drawbacks When considering a mortgage, one of the decisions you’ll face is the length of the mortgage term. The mortgage term refers to the duration over which you’ll repay your loan, influencing your monthly payments, total interest paid, and financial planning. As lenders continue to evolve their Read more

  • How to Make Your Credit Score Better: A Simple Guide

    How to Make Your Credit Score Better: A Simple Guide

    Improve Your Credit Score – A Practical Guide Your credit score is a bit like a report card for how you handle your money. It’s super important because it can affect whether you can borrow money, how much you can borrow, and how much it will cost you. This means it can impact your ability Read more

  • Mortgage with a CCJ

    Mortgage with a CCJ

    How to Secure a Mortgage with a CCJ: Overcome Credit Challenges The mortgage market can be challenging, especially when you have a County Court Judgment (CCJ) on your credit report. A CCJ may feel like a significant barrier to getting a mortgage, but it doesn’t always have to be the end of the road. At Read more

  • Can Stamp Duty Be Added to a Mortgage?

    Can Stamp Duty Be Added to a Mortgage?

    Introduction When purchasing property, you can encounter various costs. Among these costs, Stamp Duty is a significant expense, often prompting the question: Can stamp duty be added to a mortgage? Understanding Stamp Duty Stamp duty, or Stamp Duty Land Tax (SDLT), is levied upon purchasing a property or land. The rate is based upon the Read more

  • When Will Your Mortgage Be Pre-Approved?

    When Will Your Mortgage Be Pre-Approved?

    When Will Your Mortgage Be Pre-Approved? Key Steps and Timelines Obtaining a pre-approved mortgage is a crucial step in the home-buying process. It provides you with an understanding of how much you can borrow and reassures sellers of your financial capability. At Kerr & Watson, we specialise in guiding you through the mortgage process, ensuring Read more