Category: Residential Mortgages

  • Can I Get a Mortgage Despite My Debts?

    Can I Get a Mortgage Despite My Debts?

    Can You Get a Mortgage with Existing Debts? Buying a home is a significant milestone, but having existing debts can make the prospect of securing a mortgage seem daunting. Many people wonder, “Can I get a mortgage despite my debts?” The good news is that it’s possible, depending on how you manage your debts and… Read more

  • NHS Mortgages

    NHS Mortgages

    Your Guide to NHS Mortgages Working for the National Health Service (NHS) often means long hours and high stress, but it also comes with the benefit of certain financial perks, including potential mortgage deals. At Kerr & Watson, we specialise in providing mortgage and protection advice, with experience working with NHS staff. We’ll explore the… Read more

  • Fixed vs Variable Rate Mortgages

    Fixed vs Variable Rate Mortgages

    Should You Choose a Fixed or Variable Mortgage? If you’re approaching the end of your current mortgage deal or buying a property for the first time, you’re probably wondering whether to go for a fixed or variable rate mortgage. With interest rates constantly shifting, choosing the right deal can feel like a gamble. But it… Read more

  • Home Improvement Mortgage

    Home Improvement Mortgage

    Home Improvement Mortgage: Finance Your Renovations If you’ve been dreaming of upgrading your home but are unsure how to finance the project, a home improvement mortgage could be the solution. Whether you’re looking to expand your living space, modernise your kitchen, or create an energy-efficient home, financing these improvements through a mortgage can make your… Read more

  • Case Study: Residential Remortgage with Capital Raising

    Case Study: Residential Remortgage with Capital Raising

    The Scenario A single homeowner in Farnborough sought to remortgage their property to raise capital for further home improvements. The client, a full-time employed professional earning £135,000 annually, was focused on securing a flexible mortgage solution that aligned with their financial goals. The property, a house valued at £420,000, was being remortgaged with equity as… Read more

  • Mortgage Advisor For Self-Employed

    Mortgage Advisor For Self-Employed

    Stepping into the realm of homeownership as a self-employed individual can be a thrilling yet intricate venture. The unique financial landscape of self-employment brings its own set of challenges and considerations, from fluctuating income patterns to distinct mortgage requirements. This is where a specialised Mortgage Advisor for Self-Employed Homebuyers becomes an invaluable asset in your… Read more

  • How Long Does a Remortgage Take?

    How Long Does a Remortgage Take?

    How Long Does It Take to Complete a Remortgage? Remortgaging your home can be an effective way to secure a better mortgage deal, release equity, or consolidate debt. However, understanding the remortgage timeline is crucial, especially if your current deal is coming to an end. Here we’ll explore how long a remortgage typically takes, what… Read more

  • Should I Get My House Valued Before Remortgaging

    Should I Get My House Valued Before Remortgaging

    Remortgaging Soon? Why a Property Valuation Could Save You Money Getting your house valued before remortgaging can help you understand your loan-to-value (LTV), access better mortgage rates, and potentially release equity from your property. Not sure whether your property has increased in value? Even small increases in property value can improve your loan-to-value and potentially… Read more

  • First Time Buyer 95% LTV Mortgages

    First Time Buyer 95% LTV Mortgages

    First Time Buyer 95% LTV Mortgages: Everything You Need to Know As a first-time buyer, getting on the property ladder can feel like challenge, particularly when it comes to saving for a deposit. If you’re struggling to save up a large deposit, a 95% loan-to-value (LTV) mortgage could be an option for you. This type… Read more

  • Mortgage Affordability

    Mortgage Affordability

    Understanding Mortgage Affordability Understanding mortgage affordability is important for anyone looking to buy a property to ensure that you’re shopping within your budget. It involves assessing how much you can realistically borrow based on your income, expenses, and other financial commitments. At Kerr & Watson, we specialise in helping clients understand their mortgage affordability, ensuring… Read more

  • Can You Get a Mortgage with a Part-Time Job?

    Can You Get a Mortgage with a Part-Time Job?

    Getting a Mortgage with a Part-Time Job Securing a mortgage with a part-time job may seem challenging, but it’s certainly possible with the right approach.  Many potential homebuyers with part-time employment worry that their income might not be sufficient to qualify for a mortgage or cannot be used. However, lenders consider various factors beyond just… Read more

  • What is an Affordability Assessment?

    What is an Affordability Assessment?

    Affordability Assessments When you’re looking to buy a home or refinance your mortgage, one of the first steps you’ll encounter is the affordability assessment.  This crucial process helps lenders determine whether you can afford the monthly repayments on your chosen mortgage product.  Understanding how an affordability assessment works can not only prepare you for what… Read more