Mortgage Agreement in Principles- Hint & Tips If you haven’t found a property, a mortgage ‘Agreement in Principle’ (or a Decision in Principle) is useful, knowing you’re not wasting your time house hunting. Mortgage lenders will carry out a credit check with basic information ie 3 years address history, occupation, credit commitments… Information is cross…
Can you get a mortgage if you’re self-employed? Answer- Yes The majority of mortgage lenders require 2 to 3 years accounts. So if you’re a sole trader, mortgage lenders will go off net profit. If you own a limited company or have limited company shares of over 20%, most mortgage lenders will accept salary and…
Are you too old for a mortgage? Answer: No Why, because we have access to the whole mortgage market and can source specific mortgage lenders to suit. We have direct access to building societies that are lenient towards maximum ages. The majority of lenders would have a 70/75 maximum cap. Mortgage lenders such as Halifax…
Using a Mortgage Broker An important thing to understand is that when you receive mortgage advice, your mortgage broker has a duty of care. We have to recommend a suitable mortgage and be able to justify why the particular mortgage we have chosen is right for you whether its a fixed, discounted, Repayment mortgage, the…
Helping first time buyers in Manchester We help people with all circumstances, whether you have good credit score or poor. This blog is to give you a guideline if you currently have a poor score. First, seek whole of market mortgage advice. You may feel that having adverse credit in the past makes it impossible…
First Time Buying in Manchester? With the election over, will there be a house price boom? Labour’s proposed mansion tax on properties worth more than £2 million has drifted. Estate agents and economist are predicted a renewed interest in the top end of London. What about for the rest of the country? Lucian Cook, head…
Does the average first time buyer need a £41,000 salary? As the Telegraph reported today, it all depends on location, but most joint salaries do exceed £41,000. The table below shows that applicants on a single income may not be able to get up to the amount they require. If you would like to know…
If you want to move house and you’re struggling to sell or you wish to keep hold of your property as an investment, what are your options? A ‘Let to Buy’ is worth considering. A Let to Buy mortgage could allow you move into a new home without selling your property and potentially making a…
Is this the best time to remortgage? Well it depends on your individual circumstances and equity in your property. The best deals on the market are for those with 35-40% equity. Rates starting from 1.45% with the RBS. Arrangement Fees play a role and many of the lowest product rates come with high fees attached…
A capped rate mortgage is a variable interest rate, but the mortgage lender will guarantee the rate does not rise above a certain level. The capped rate mortgage suits those who want to benefit of any reductions and protect themselves from any increases. Its and ideal product for all but capped rate mortgages are usually…
