Category: Remortgages
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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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Remortgage of an Unencumbered Property
Remortgaging an Unencumbered Property Owning a property outright is a significant achievement and provides financial freedom. However, even without a mortgage, you might find yourself needing extra funds, whether for home improvements, a new investment, or other personal reasons. This is where remortgaging an unencumbered property comes into play. In this guide, we’ll explore the… 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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What to do if my Fixed Rate Mortgage Deal Ends?
What to Do When Your Fixed Rate Mortgage Deal Ends As your fixed-rate mortgage deal approaches its end, you may be wondering what your next steps should be. This period can be daunting, especially if you’re unsure about what happens next or how it might impact your finances. However, with the right guidance and a… 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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Day 1 Remortgages Explained
Day 1 Remortgage: Quick Capital Access After Purchase Purchasing a property, whether for investment or as your dream home, can come with plenty of financial considerations. Sometimes, you may find yourself needing to remortgage immediately after buying. This process, known as a Day 1 remortgage, can be a strategic financial move but comes with its… Read more
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How Soon Can You Remortgage?
What you need to know about Remortgaging Remortgaging can be a strategic financial move, whether you’re looking to secure a better interest rate, release equity, or consolidate debt. But how soon can you remortgage? This blog will guide you through the remortgaging process, key considerations, and tips for timing it right. With Kerr & Watson,… Read more
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How to Change from Interest-Only to a Repayment Mortgage
Switching from Interest-Only to Repayment Mortgage If you currently have an interest-only mortgage, you might be considering switching to a repayment mortgage. The prospect of fully repaying your mortgage by the end of its term can provide significant peace of mind. However, transitioning from an interest-only to a repayment mortgage involves careful consideration. Here we… Read more
