Can I Remortgage My House to Buy Another Property?

Can I Use a Remortgage to Purchase Another Property? Have you been considering the prospect of owning another property? Whether it’s for investment purposes, a holiday retreat, or supporting a family member, remortgaging your current home can be an effective strategy to finance your next property purchase. At Kerr & Watson, we specialise in providing… Read more
Case Study: Home Mover Mortgage with Flexible ERCs

Summary We recently helped a customer arrange a £230,000 mortgage to purchase a new home following a separation and the sale of their jointly owned property for £520,000. The customer wanted a five-year fixed rate for payment stability, while also keeping monthly payments as low as possible by using the longest suitable mortgage term. They… Read more
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

Can having children affect how much you can borrow for a mortgage? Yes — lenders include childcare costs, dependants, and household spending within affordability assessments, which can reduce borrowing potential in some cases. Buying a home with children can feel more complicated, especially when lenders take childcare costs, dependants, and household spending into account. The… Read more
Mortgage for Civil Servants

Mortgage Options for Civil Servants As a civil servant, you enjoy the benefits of job security and a stable income, which are highly valued by mortgage lenders. These advantages can make securing a mortgage easier and potentially more favourable. Whether you are purchasing your first home, moving up the property ladder, or considering a remortgage,… Read more
Remortgaging for Debt Consolidation

Remortgaging for Debt Consolidation: Pros, Cons, and Expert Guidance Debt can be overwhelming, especially when juggling multiple repayments with varying interest rates. Remortgaging for debt consolidation may offer a potential solution by combining your debts into a single monthly payment, often at a lower interest rate. However, while this can simplify your financial management, it’s… Read more
Zero Deposit Mortgages

Exploring Zero Deposit Mortgages: Benefits, Risks, and Alternatives Owning a home is a dream for many, but saving for a deposit can be a significant hurdle. Enter the Zero deposit mortgage, also known as a 100% mortgage, which allows you to borrow the full value of a property without a deposit. This guide will delve… Read more
Guarantor Mortgages Explained for First-Time Buyers

Guarantor Mortgages: How Family Can Help First-Time Buyers Buying your first home is an exciting milestone, but the path to homeownership isn’t always straightforward. If you’re dealing with a small deposit, low income, or little to no credit history, you might feel like the odds are stacked against you. A guarantor mortgage could be the… Read more
How to Get a Mortgage on a Concrete House

How to Get a Mortgage on a Concrete House: Expert Advice for Non-Standard Properties If you’re considering buying a concrete house, you may have already encountered challenges in securing a mortgage. Properties built with concrete fall under the category of non-standard construction, which can make lenders more cautious. However, with the right approach, it may… Read more
Mortgages for UK Expats in Singapore

Mortgage Solutions for Expats Living in Singapore Securing a mortgage as an expat can be a challenging process, particularly when you’re living and working abroad, even when you hold a UK passport. For UK expats in Singapore and other areas of South East Asia, the complexities of lender criteria, foreign income considerations, and property regulations… Read more
Getting a Mortgage with a New Job

Can you get a mortgage with a new job In many situations, you can. Some lenders accept applicants who have only recently started or who are about to start, provided there is clear evidence of income and the overall case makes sense. Some lenders prefer a few months of payslips while others are comfortable with… Read more
Can I Extend My Mortgage Term When Remortgaging

Extending Your Mortgage Term When Remortgaging: Pros, Cons & What Lenders Look For If you’re looking at your monthly outgoings and wondering how to ease the pressure, you might be asking yourself: Can I extend my mortgage term when remortgaging? The good news is yes, it’s often possible subject to lender criteria, and it could… Read more

Category: Residential Mortgages