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 ...
Can you get a mortgage using retained profits?
Are you looking for a mortgage that uses your retained business profits? You’ve come to the right place! We understand how important it is for business owners to access their hard earned money, and our team of expert brokers have ...
How is a CIS mortgage calculated?
By using your gross, rather than net, income, CIS mortgages often allow you to borrow more than you might with a traditional mortgage. Plus, you can qualify with just a few months of payslips, making this a great option for ...
Can a joint mortgage be transferred to one person?
When it comes to owning a property, things can sometimes get complicated, especially when it comes to mortgages. One of the most common complications is when there is more than one person on the mortgage, and one of them wants ...
How to buy someone out of a house
If you own your home with someone else, at some point you may need to consider buying them out, such as in the event of a divorce. According to the Office for National Statistics, over 80,000 divorces were granted in ...
How to change an interest only mortgage to repayment
Many borrowers who have an interest-only mortgage may consider switching to a repayment mortgage. This is because while interest-only payments are lower, it can cost more in the long run and the repayment vehicle may not always be reliable. This ...
Can you change your mortgage to interest only?
Are you looking to change your mortgage from repayment to interest only? If so, you’re not alone. Many homeowners in the UK are considering this option as they try to find ways to reduce their monthly payments and make their ...
Interest only mortgage vs repayment: Which is best?
When it comes to choosing a mortgage repayment method, there are a few different options available to borrowers. Two of the most popular types of mortgages are interest-only and repayment. Both have their own set of advantages and disadvantages, and it’s important ...
Unlock the Benefits of An Offset Mortgage
Have you ever considered the benefits of an offset mortgage? This type of loan allows you to link your savings directly to your mortgage, allowing you to reduce your interest payments and save money over the long term. In this ...
Maximising rental income through property conversion
Increasingly, landlords are taking advantage of the rising popularity of flats by splitting a large house into multiple units. The process of converting a house into flats will depend on local planning permission and building regulations, so landlords should always ...
Are second charge mortgages regulated?
If you’re a homeowner in the UK, you may have been considering a second charge mortgage. But are they safe? Are they regulated? In this article, we’ll answer those questions and explore the ins and outs of second charge mortgages ...
How do you buy out a partner in a mortgage?
Are you looking to buy out your partner in a mortgage, but unsure of how to go about it? This process is known as a transfer of equity and it can be a complex process with many different options to ...
What kind of mortgage do you need for Airbnb?
Are you a landlord looking to make money from Airbnb rentals in the UK? If so, it is important to understand the type of mortgage you need for your property. With more and more people turning to short term rental ...
Are self cert mortgages still available?
Self-certification mortgages were once a popular option for individuals in the UK who were self-employed or had complex income streams. These mortgages allowed borrowers to self-certify their income without providing extensive documentation or proof of earnings. However, the availability of ...
Should you get mortgage advice from your bank?
Mortgage advice is an important decision that can have long-lasting effects on your financial well-being. When considering whether to get mortgage advice, one option is to go to your high street bank. However, another option is to seek advice from ...
Who would need a day one remortgage?
Day one mortgages are designed to help people remortgage their homes as quickly as possible after purchasing them. This is ideal for people who want to take advantage of falling interest rates, switch their mortgage provider, or access additional equity. It can also ...
What can a bridging loan be used for?
A bridging loan, which is also known as a short-term loan, can be used for a number of different reasons. This type of flexible financing can provide you with the money you need to purchase a property, pay for home improvements, ...