Category: Home Mover Mortgages
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Move your existing mortgage to a new property
Moving Home? Here’s How to Take Your Mortgage With You If you’re planning to move home and already have a mortgage in place, you might be wondering whether you can take your current deal with you. Porting a mortgage allows you to transfer your existing mortgage product to a new property. This means you can… Read more
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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
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Case Study: House Move and Remortgage in Farnborough
Helping our customer keep their existing mortgage and move house in Farnborough Our recent experience with a couple based in Farnborough stands as a testament to our commitment to finding personalised mortgage solutions. This case study shows the complexities they faced and the strategic approach we adopted to transform their aspiration of owning a dream… Read more
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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
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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
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Joint Mortgage Separation
Navigating a Joint Mortgage After Separation: Your Options and Next Steps Separation or divorce is never easy, especially when you share a joint mortgage. At Kerr & Watson, we understand that handling joint financial responsibilities during such times can be daunting. This guide will help you to understand the various options available. For individual advice,… Read more
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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
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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
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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
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Can I add Someone to my Existing Mortgage
How to Add Someone to Your Mortgage: Key Steps and Considerations Adding someone to an existing mortgage is a significant decision that can provide financial support and security. Whether you’re adding a partner, family member, or friend, this process involves legal and financial considerations. At Kerr & Watson, we specialise in providing tailored mortgage and… Read more
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Case Study: Home Mover Mortgage with Flexible Early Repayment Charges
The Scenario An applicant sought a mortgage to purchase a new home following a separation from their ex-partner. The applicant, a current homeowner, was selling their jointly owned property for £520,000 and required financing to secure their next home. The applicant prioritised a five-year fixed-rate mortgage for payment stability and preferred a capital repayment basis… Read more
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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
