Your Guide To Equity Release (Scotland)
For those looking to get on the housing ladder, Help to Buy: Shared Ownership can be a suitable option. Effectively a combination of buying and renting, this affordable housing scheme can help you realise your homeowning ambitions sooner rather than later. Here, we explain everything you need to know about this scheme so you can decide if it’s right for you.
How To Add Someone To A Mortgage: Methods, Steps & Considerations
You’re on your way to becoming a property owner. Perhaps things have changed ever since you’ve taken that mortgage years back, and maybe you’re now married or living with your significant other. Luckily, you don’t have to bear the mortgage repayment burden alone as it is possible to add someone to a mortgage via a […]
Mortgage Broker Fees
For those looking to get on the housing ladder, Help to Buy: Shared Ownership can be a suitable option. Effectively a combination of buying and renting, this affordable housing scheme can help you realise your homeowning ambitions sooner rather than later. Here, we explain everything you need to know about this scheme so you can decide if it’s right for you.
How Much Deposit Is Required For Buy-To-Let Mortgages?
In the UK, a standard mortgage typically requires a deposit between 5% to 10% of the property’s overall value. This is low compared to the deposit required for a buy-to-let mortgage, which is typically between 20% – 25%. The huge difference between these figures is mostly due to mortgage lenders seeing buy-to-let mortgages as higher […]
£1 million mortgage – What are the repayments?
The property market is ever-changing in line with the economy, and as prices generally rise faster than wages, many find they’re forced to take out mortgages for ever higher amounts. In 2014, the average mortgage amount in the UK was £140,000; ten years later, in 2024, it’s between £180,000 to £190,000. However, in some high-cost […]
Mortgage £600,000 – What are the repayments?
As property value rises in the UK, so do the mortgage payments, especially in areas as expensive as London – where value can easily exceed the average of £184,445. A £600,000 mortgage is way above that, of course, usually reserved for the types of properties that many would consider a “dream home”. But with a […]
Mortgage £700,000 – What Are The Repayments?
The property market rises and occasionally falls, but the long-term overall trend is generally upwards, and this is especially the case in more expensive urban areas such such as London. Whilst the average UK mortgage sits at around £184,445, some mortgages for premium homes can rise well beyond that, up to heights requiring amounts like […]
How Much Do You Have To Earn To Get A Mortgage?
A declined mortgage application might feel like the end of your homeowning dreams, but don’t give up hope. Many people who get rejected by high street lenders go on to achieve highly competitive mortgage deals in the near future. It’s what you do next that counts.
Current Account Mortgages: A Comprehensive Guide
Having to choose between different mortgage options sometimes can be overwhelming. Yet, when you understand the different types and how each works, the choice becomes easier. In the UK, one of the less common but highly beneficial options is the current account mortgage (CAM). Principally, current account mortgages link your home loan with your current […]
Guide To Removing A Name From A Mortgage: Everything You Need to Know
When buying a home or any other property, sharing the mortgage with a partner, friend, or family member can be a beneficial decision. It can increase your buying power, lower your monthly payments, and make your mortgage application more attractive to lenders. However, it’s important to understand that joint mortgages also have their own risks. […]