Category: Residential Mortgages

  • Is Remortgaging a Good Idea?

    Is Remortgaging a Good Idea?

    Is Remortgaging Right for You? Weighing the Benefits and Drawbacks Remortgaging is a term that often comes up in conversations about managing finances and homeownership. But what exactly does it mean, and is it something you should consider? Whether your current mortgage deal is coming to an end, or you’re exploring ways to better manage… Read more

  • Foreign Currency Mortgages

    Foreign Currency Mortgages

    Can you get a mortgage with foreign currency income? Yes — but it’s more complex than a standard mortgage application. If you earn in a currency different to the one you’re borrowing in, lenders will assess your income differently and may apply stricter criteria. However, many lenders are still willing to consider foreign currency income… Read more

  • First-Time Buyer Mortgage with a Gifted Deposit

    First-Time Buyer Mortgage with a Gifted Deposit

    Get a Mortgage with a Gifted Deposit as a First-Time Buyer Getting your foot on the property ladder can feel like an uphill battle, especially when house prices continue to rise faster than wages. For many first-time buyers, the biggest hurdle is saving enough for a deposit. But if a family member is willing to… Read more

  • Case Study: Mortgage for Home Mover in Farnham After Divorce

    Case Study: Mortgage for Home Mover in Farnham After Divorce

    Purchasing a new home during a significant life transition, such as a divorce, can be challenging. This case highlights how we helped a home mover in Farnham secure a tailored mortgage that offered stability and aligned with their financial goals. The Scenario The customer was divorcing and selling their marital home, resulting in £340,000 from… Read more

  • Debt-to-Income Ratio

    Debt-to-Income Ratio

    Understanding Debt-to-Income Ratio When it comes to applying for a mortgage, one factor that a lot of lenders consider is your debt-to-income (DTI) ratio.  This ratio provides insight into your financial health by comparing your total monthly debt payments to your gross monthly income.  Understanding and managing your DTI ratio can impact your ability to… Read more

  • Do You Need Life Insurance to Buy or Remortgage a House?

    Do You Need Life Insurance to Buy or Remortgage a House?

    Do You Need Life Insurance to Secure or Remortgage a House? When buying or remortgaging a house, you’re faced with numerous decisions, from choosing the right mortgage product to considering how to protect your investment. A question that often arises is whether life insurance is a necessary requirement for securing a mortgage. While the short… Read more

  • Mortgages for Flats Above Shops

    Mortgages for Flats Above Shops

    How to Get a Mortgage for Flats Above Shops Buying a flat above a shop or commercial property comes with unique benefits and challenges. These flats are often in prime locations, close to amenities, and may be more affordable than other residential properties. However, getting a mortgage for a flat above a shop can be… Read more

  • What to Bring to Your Mortgage Appointment

    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

  • Mortgages for Listed Buildings

    Mortgages for Listed Buildings

    Can you get a mortgage on a listed building? Yes — but it can be more complex than a standard property. Listed buildings are considered higher risk by some lenders due to maintenance requirements, legal restrictions, and resale considerations. However, many lenders are still willing to consider these properties with the right approach. Listed building… Read more

  • Does Being in Your Overdraft Affect Mortgages?

    Does Being in Your Overdraft Affect Mortgages?

    Does being in your overdraft affect getting a mortgage? Being in your overdraft is common, but many buyers worry it could affect their chances of getting a mortgage. The good news is that being in your overdraft doesn’t automatically mean your application will be declined. However, how you use it can influence how lenders assess… Read more

  • How Much Are Conveyancing Fees

    How Much Are Conveyancing Fees

    Guide to Saving on Legal Costs Buying or selling a home involves numerous costs, one of the most significant being conveyancing fees. These fees cover the legal work required to transfer property ownership. Understanding the components and average costs of conveyancing can help you budget effectively and avoid surprises. At Kerr & Watson, we provide… Read more

  • Cryptocurrency Mortgage Deposit

    Cryptocurrency Mortgage Deposit

    Can You Get a Mortgage with Cryptocurrency? Yes — you can use cryptocurrency for a mortgage deposit, but only after converting it into pounds and proving where the funds came from. Lenders do not accept crypto directly, and strict checks are carried out to verify the source of funds. Not sure if your crypto deposit… Read more