Longest Term Mortgage in the UK

Longest Term Mortgage in the UK: Benefits and Drawbacks When considering a mortgage, one of the decisions you’ll face is the length of the mortgage term. The mortgage term refers to the duration over which you’ll repay your loan, influencing your monthly payments, total interest paid, and financial planning. As lenders continue to evolve their… Read more
No-Deposit Mortgage

Getting on the Property Ladder Without a Deposit Struggling to save a deposit for your first home? A no-deposit mortgage might be your solution. At Kerr & Watson, we understand the challenges of saving for a deposit while paying rent and managing other expenses. This guide will explain how no-deposit mortgages work, their advantages and… Read more
What If Your 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 might be feeling uncertain about what lies ahead. Mortgage rates have fluctuated over the past few years, and the end of a fixed-rate term can bring significant changes to your financial situation. Understanding your options and planning… Read more
Case Study: Remortgage for New Parents in Camberley

Summary We recently helped a couple in Camberley, Surrey, arrange a new mortgage deal while preparing for the arrival of their first child. Their home was valued at £495,000 with a mortgage balance of around £258,000. With one applicant on maternity leave, they wanted to keep the process as straightforward as possible and preferred a… Read more
When Will Your Mortgage Be Pre-Approved?

Can you get a mortgage pre-approval before finding a property? Yes — many buyers secure a mortgage Agreement in Principle (AIP) before they start viewing properties. This helps you understand how much you may be able to borrow and can strengthen your position with estate agents and sellers when making an offer. Not sure how… Read more
Case Study: House Move and Remortgage in Farnborough

Summary We recently helped a couple in Farnborough move to a detached property valued at £655,000 while keeping the benefits of their existing mortgage with NatWest. The customers, a teacher and a nurse, needed to increase their total borrowing from around £337,000 to £500,000. Their main priority was to port their existing mortgage so they… Read more
How Long Does Mortgage Application Approval Take?

How Long Does A Mortgage Application Take To Be Approved? A mortgage application can sometimes be approved within a couple of weeks, but many applications take around two to four weeks from full submission to formal mortgage offer. More complex cases can take longer, especially where the lender needs additional documents, the property valuation raises… Read more
What Do Mortgage Lenders Look for on Bank Statements?

What Mortgage Lenders Check on Your Bank Statements When you apply for a mortgage, lenders will usually ask to see your recent bank statements. This is not because they are trying to judge every day-to-day purchase you make, but because your statements help them understand how you manage money in real life. Bank statements can… Read more
Remortgage of an Unencumbered Property

Can you remortgage an unencumbered property? Yes — you can take out a mortgage on a property you own outright to release equity. Although there is no existing mortgage to replace, lenders still assess this in a similar way to a remortgage, focusing on affordability, credit profile, and how much you want to borrow. Owning… Read more
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
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
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

Category: Remortgages