Getting a mortgage with complex income
Getting a mortgage when your income varies can be tricky. Banks and other lenders usually prefer stable, predictable incomes because it helps them feel confident that you’ll be able to pay back the loan. If your income doesn’t fit into ...
Buying a house on your own: We explain how to do it
Lots of people buy a home without needing a co-buyer. Many mortgage providers are open to lending to individual applicants, provided you can demonstrate that lending to you is a safe choice. This guide will show you the steps to ...
How Does a Self-Assessment Mortgage Work?
Obtaining a mortgage can be a bit more complex for anyone under the self-assessment tax system, yet it’s definitely achievable. Being self-employed means that lenders might approach your application with more caution. Their concern is often centred around the potential ...
How to increase your mortgage affordability
In this guide, we will explore what mortgage affordability really means, how lenders determine it, and importantly, practical strategies you can use to improve it. Don’t confuse mortgage eligibility with affordability. There’s a significant difference between what a lender might ...
Is a Self-Employed Mortgage Based on Gross or Net Profit?
Are you looking for a self-employed mortgage? You’re not alone! This article will guide you through the key questions: Is your mortgage based on gross or net profit? How much can you borrow? We’ll demystify these concepts, and give you ...
Holiday Let Mortgages for the Self Employed
Are you a self-employed individual who is looking to buy a holiday let property? Well, you’re not alone. The number of self-employed people has been steadily rising over the years, but despite this growing trend, securing a mortgage as a ...
Holiday Let Mortgages for First Time Buyers
Are you a first-time buyer dreaming of owning a holiday let property? You might think it’s as simple as buying a property and renting it out, but beware of the risks lurking behind ‘back door residential transactions’. Lenders are on ...
Can we get a mortgage for a holiday let business?
A holiday let business is more than just a single rental property. It typically includes multiple units or even an entire holiday park. If you’re looking to finance a holiday let business, specialist commercial finance is the way to go. ...
Purchasing a Guest House or B&B
We receive many early stage enquiries from the travel and tourism sectors. A popular approach is to purchase an existing or start-up guest houses and B&B’s. Here are just a few of the questions we are asked that might be useful ...
What are holiday let occupancy clauses?
To own and run a UK holiday let you need to be aware of the occupancy rules and restrictions that apply to such properties. These will vary depending on the location, property type, usage and also the mortgage finance needed. ...
Section 106 Planning Restrictions
A Local Authority will often use a Section 106 planning restriction when they want to control how a property can be used. These powers come from Section 106 of the Town and Country Planning Act 1990. But why is this ...
What is consent to let and when is it needed?
You’re a homeowner in the UK, and an opportunity arises that requires you to temporarily move out of your home. You think, “Why not rent out my property during this period?” But you have a residential mortgage. Are you allowed ...
Can I remortgage my holiday let?
Remortgaging a holiday let can be a great way to take advantage of better rates or terms, or to free up equity in the property for other investments. However, it’s important to understand the unique nature of holiday letting and ...
What does a conveyancer do?
Are you in the process of buying or selling a property? If so, you will need to enlist the services of a conveyancer. But what exactly does a conveyancer do? In this article, we will break down the different stages of ...
Can you get an interest-only holiday let mortgage?
Welcome to our guide on interest-only mortgages for holiday lets. If you’re considering investing in a holiday let, it’s important to understand the financial implications and options available to you. One such option is an interest-only holiday let mortgage. Interest ...
Self-Employed Mortgages With 2 Years Accounts
If you’re self-employed and have been trading for two years, you might be considering stepping onto the property ladder or upgrading your current home. However, you may have heard that getting a mortgage can be a bit more challenging when ...
Self-Employed Mortgages With 1 Years Accounts
Welcome to the world of self-employed mortgages. If you are self-employed, then you’re part of a growing demographic in the UK. As a self-employed individual, securing a mortgage can sometimes be a challenging task. Unlike salaried employees, providing proof of ...
Can you get a mortgage on a flat above a shop?
Are you considering buying a flat above a shop? If so, you might be wondering about the feasibility of getting a mortgage for such a property. In this article, we’ll explore how you can get a mortgage on a flat ...
Do you pay stamp duty on a remortgage?
When remortgaging your home or raising money for home improvement projects, you don’t need to worry about paying Stamp Duty. That’s because tax is only applicable when purchasing a new property or land. However, if you’re remortgaging your home and ...
Is a remortgage based on income?
Knowing when to move your mortgage can be a tricky decision. Remortgaging is often a good opportunity to save money and access extra funds, but it’s important to understand how lenders view income when considering a remortgage. This article will ...
Do you need payslips to remortgage?
Are you thinking of remortgaging your home but are unsure whether you need to show any payslips? Before you get started, it’s important to understand what is required from both lenders and borrowers when it comes to proving income. In ...
Top 8 acceptable reasons for a remortgage
Remortgaging your home can be a great way to save money on interest payments, as well as providing you with access to additional features. Whether you’re looking for a cheaper interest rate, want to make overpayments without penalty fees or ...
Does bad credit affect remortgaging?
Remortgaging can be difficult if you have bad credit. Just like the process of securing a mortgage for the first time, there are plenty of things to take into account, and this can become increasingly complicated if your credit history ...
Do you need a deposit to remortgage?
Remortgaging a house means replacing your existing mortgage with a new one. But is there a requirement to put down a cash deposit because you are applying for a mortgage with a new lender? Most of the time, no deposit ...