Category: First Time Buyer Mortgages

  • How Long Does Mortgage Application Approval Take?

    How Long Does Mortgage Application Approval Take?

    Mortgage Application Approval: What to Expect and How to Speed Up the Process Applying for a mortgage is a significant step in your home-buying journey, and one of the most common concerns is how long it takes to get a mortgage application approved. The timeline can vary depending on several factors, including the complexity of… Read more

  • Can a Second Job Help You Get a Mortgage?

    Can a Second Job Help You Get a Mortgage?

    Boost Your Mortgage Approval Chances with a Second Job In today’s fast-paced world, many people take on second jobs to boost their income, whether to save for a larger deposit, pay off existing debts, or simply improve their financial security. But when it comes to applying for a mortgage, you might wonder how lenders view… Read more

  • What Do Mortgage Lenders Look for on Bank Statements?

    What Do Mortgage Lenders Look for on Bank Statements?

    What Mortgage Lenders Check on Your Bank Statements Applying for a mortgage can be a detailed process, with lenders scrutinising various aspects of your financial situation to ensure you’re a reliable borrower. One of the key documents mortgage providers request during the application is your bank statements. These statements give lenders a clear view of… Read more

  • Do I Need a Decision in Principle to Make an Offer

    Do I Need a Decision in Principle to Make an Offer

    Making an Offer on a House: Do You Need a Decision in Principle First? The process of buying a home can feel complex, especially when it comes to understanding financial preparations like a Decision in Principle (DIP), sometimes known as an Agreement in Principle (AIP) or Mortgage in Principle. A common question we get is,… Read more

  • Joint Mortgages with Parents

    Joint Mortgages with Parents

    Understanding Joint Mortgages with Parents: Benefits, Risks & Alternatives As homeownership becomes increasingly challenging for first-time buyers, joint mortgages with parents have emerged as a popular solution. These mortgages enable young buyers to leverage their parents’ financial stability and creditworthiness, potentially boosting their borrowing power. However, this option comes with its own set of complexities… Read more

  • Single Parent Mortgages

    Single Parent Mortgages

    Single Parents: Expert Tips and Options for Securing Your Home Securing a mortgage as a single parent can feel daunting, but it’s entirely possible with the right guidance and preparation. While single parents may face unique challenges during the mortgage application process, such as meeting affordability checks, lenders have different methods of calculating income so… Read more

  • How Do Mortgage Interest Rates Work?

    How Do Mortgage Interest Rates Work?

    Mortgage Interest Rates: Types, Factors, and Advice Understanding mortgage interest rates is crucial when you’re looking to buy a home or remortgage. The interest rate on your mortgage determines how much you’ll repay over the life of the loan. This guide will help you grasp the different types of mortgage interest rates, how they are… Read more

  • Mortgage With No Early Repayment Charges

    Mortgage With No Early Repayment Charges

    Understanding Mortgages Without Early Repayment Charges As a homeowner or prospective buyer, navigating the world of mortgages can be complex. One aspect that often causes concern is the early repayment charge (ERC). If you’re considering paying off your mortgage early, it’s crucial to understand how ERCs work and the options available to avoid them.  At… Read more

  • Case Study: Securing a First-Time Buyer Mortgage with a Family Guarantor

    Case Study: Securing a First-Time Buyer Mortgage with a Family Guarantor

    The Scenario In this case study, we explore how we helped a first-time buyer take their first step onto the property ladder in Camberley, Surrey. Recognising the importance of independence and property ownership, they sought to acquire a residential property solely in their name. To achieve this, they enlisted the support of their parent, who… Read more

  • How Much Income Do You Need for a Mortgage?

    How Much Income Do You Need for a Mortgage?

    Income Requirements for a Mortgage One of the most critical factors in securing a mortgage is your income. Whether you’re buying your first home or considering a remortgage, understanding how much income you need and how lenders assess your affordability is essential. Here we loosely explain the income requirements for a mortgage, how lenders calculate… Read more

  • Joint Borrower Sole Proprietor Right to Buy

    Joint Borrower Sole Proprietor Right to Buy

    Right to Buy & Joint Borrower Sole Proprietor Mortgages If you are exploring the Right to Buy scheme and wondering whether a Joint Borrower Sole Proprietor mortgage could help with your application, you are not first to ask about this. Many people look for ways to boost their borrowing power when buying their council home.… Read more

  • Does Having Children Affect a Mortgage

    Does Having Children Affect a Mortgage

    How Having Children Impacts Your Mortgage Application You’ve built a family, and now you’re thinking about your next big step, buying a home. But with children in the picture, you might be wondering, does having children affect a mortgage application? The short answer is yes, it can. But that doesn’t mean getting a mortgage with… Read more