Mortgage for Commission Only Jobs

Mortgage for Commission Only Jobs: A Complete Guide to Borrowing on Commission If you earn your income through commission only, you may have wondered whether getting a mortgage will be harder than it is for someone on a basic salary. You might even have been told that lenders do not like commission only jobs, or… Read more
Case Study: London Mortgage with One Year’s Accounts

Summary We recently helped our customer secure a mortgage in London with one year’s accounts to purchase a flat valued at £645,000. Our customer was self-employed and needed a lender willing to assess the application using only one year of trading figures. There were also two other important considerations: childcare payments showing on the bank… Read more
Case Study: Helping a Home Mover in Petersfield

Summary We recently helped a customer in Petersfield arrange a £325,000 mortgage to purchase a new home following a divorce. The customer was receiving funds from being bought out of the former marital home and wanted to borrow on an interest-only basis to keep monthly payments lower. Their longer-term plan was to downsize at the… Read more
How Do Credit Cards Affect a Mortgage Application?

Can Credit Card Debt Stop You Getting a Mortgage? Credit cards can affect a mortgage application, but having a credit card does not automatically stop you from getting a mortgage. Lenders are usually more interested in how you use the card, how much you owe, whether payments have been made on time, and whether the… Read more
How Do Childcare Costs and School Fees Affect Your Mortgage?

Mortgage Affordability and Childcare Costs Explained Childcare costs can affect how much you are able to borrow on a mortgage because lenders look at your income and regular household outgoings before deciding what is affordable. For many parents, nursery fees, childminder costs, wraparound care, after-school clubs or private school fees are among the largest monthly… Read more
Costs And Fees When Buying Your Home

Understanding the costs and fees when buying property When you buy a property, the purchase price is only part of the overall cost. There are several fees and expenses involved before, during, and after completion. Some are paid upfront, some are linked to your mortgage, and others are ongoing once you own the property. Understanding… Read more
Can I Get a Mortgage If I Am on Maternity or Paternity Leave?

Can You Get a Mortgage on Maternity or Paternity Leave? Yes, you can get a mortgage while you are on maternity leave, paternity leave or shared parental leave. Being on parental leave does not automatically prevent you from getting a mortgage. The main issue for the lender is whether the mortgage will remain affordable based… Read more
Commercial Mortgage For Medical Practices

Commercial mortgage for medical practices buying or refinancing your surgery If you run a medical practice, your premises play a vital role in your success. Whether you operate a doctor’s surgery, dental clinic, chiropractic practice, physiotherapy centre, or therapy clinic, the right property supports patient care, staff efficiency, and long term growth. At some stage,… Read more
How to Get a Mortgage for a Second Home

Mortgage for a Second Home Explained Deposits Rates and Advice Buying a second property is an exciting step. You may be dreaming of a coastal retreat a countryside escapes a home closer to work or a place for a family member to live. Whatever your reason the idea of securing a mortgage for a second… Read more
Case Study: Mortgage for Home Mover in Farnham After Divorce

Summary We recently helped a customer purchase a new home in Farnham following a divorce and the sale of their former marital home. The customer received £340,000 from the equity split and only required a £40,000 mortgage to complete the purchase of their new property. They wanted to repay the borrowing as quickly as possible,… Read more
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
Case Study: Home Mover Mortgage in Farnborough with Bad Credit

Summary We recently helped a customer in Farnborough purchase a new home following a separation from their ex-partner. Their previous property had been transferred to the ex-partner, providing the customer with a £150,000 deposit towards a new property valued at £290,000. They required a £140,000 mortgage and wanted the longest possible term to keep the… Read more

Category: Home Mover Mortgages