Why does having a healthy deposit matter?
If you’re self-employed, a healthy deposit will boost your chances of securing a mortgage. Lenders look at your loan to value ratio (LTV)...
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Mortgages Explained
Mortgages can be complicated. So we’re making them simple. Whether you’re a first-time buyer or a longtime landlord, here’s everything you need to know, in plain old English that is relatively jargon-free.
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If you’re in a business partnership
Lenders will look at your share of the company’s profits if you’re in a partnership, so they can establish how much money you make –...
What is a mortgage decision in principle?
If you want to improve your chances of being accepted for a mortgage, you should apply for a Decision In Principle (DIP), also known as a...
Still in your first year of trading?
You most likely won’t be able to apply for a mortgage if you haven’t filled out a tax return for your first year of trading. That’s...
How much can you borrow if you’re self-employed?
The short answer is: it depends. Whenever anyone applies for a mortgage, the lender carries out an “affordability assessment” to work out...
How do you prove your income when applying for a mortgage?
If you’re self-employed rather than in standard full-time employment, things are a bit different when it comes to proving your income....
I’m a first-time buyer: can I get a buy-to-let mortgage?
The simple answer is yes – but with caveats. It’s a good idea to speak to a broker to see what’s the best thing for you to do. Many...
Turning your residential mortgage into buy-to-let
If you decide to rent out the property you’re living in to someone else, you’ll have to switch your standard residential mortgage to a...
Remortgaging your buy-to-let loan
You might want to save money with a better rate. Or borrow more money to buy another property. Either way, remortgaging your buy-to-let...
Applying for your buy-to-let mortgage: what lenders look for
As well as finding a deposit and proving your property is rentable, lenders will ask you for information about you and the property...
What deposit do I need for a buy-to-let mortgage?
Usually, you’ll need a minimum of 25% deposit on your buy-to-let mortgage. Any less and you end up with a limited choice of lenders and...
How is buy-to-let different from a regular mortgage?
Buy-to-let and standard mortgages are similar in lots of ways. For both, lenders want to see evidence their money will be paid back. But...
Buy-to-let mortgages: an introduction
A buy-to-let mortgage is a mortgage for a property you’re renting to someone else, rather than living in yourself. If you rent out your...
Can I remortgage if I have credit issues?
It’s important to make sure your credit history is as clean as can be before applying for a remortgage as it will affect your chance of...
How much does remortgaging cost?
Remortgaging can be a great way to potentially reduce your monthly mortgage payments, but make sure you weigh up the overall costs rather...
How do I remortgage?
How long does it take to remortgage? It normally takes around six weeks to switch to a new mortgage deal with the same lender. If you’re...
Is remortgaging worth the hassle?
Simply put: yes. On average, you can save about £2,000 a year if you switch mortgages, rather than just stay with your lender after your...
Why remortgaging might not make sense
Most homeowners will be able to get a hassle-free remortgage, but there are some cases where remortgaging might be tricky or just not...
How remortgaging works
Remortgaging to get a better interest rate Remortgaging is a great way to get a better rate on your loan repayments and hopefully make...
What is a remortgage?
Remortgaging means changing your mortgage deal, either by switching to a different lender, or staying with your current lender but...
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