Mortgage Myths vs Facts: Debunking Common Misconceptions
The mortgage process can feel overwhelming, especially when you’re bombarded with conflicting information. To make informed decisions, it’s crucial to separate fact from fiction. In this blog, we’ll tackle some of the most common mortgage myths in the UK and provide the facts to help you navigate the mortgage journey with confidence. Myth 1: […]
How Do Mortgage Lenders Calculate Your Income? What’s the Maximum They’ll Lend?
When it comes to getting a mortgage, most people just want to know one thing: “How much can I borrow?” The answer isn’t one-size-fits-all, because lenders assess your income, outgoings, and overall financial health before deciding how much they’re willing to lend. Let’s break it down. How Do Lenders Calculate Income? Lenders typically assess […]
Can You Get a Mortgage with Bad Credit? Here’s What You Need to Know
If you’ve struggled with debt or missed payments in the past, you may be asking: Can I still get a mortgage with bad credit? The good news is, yes, it’s possible. You’re not alone, and there are lenders and brokers who specialise in helping people like you. What Is Considered Bad Credit? Bad credit can […]
Case Study: From Mortgage Prisoner to Financial Relief – How We Helped David and Sarah Take Back Control
Meet David and Sarah* – Trapped by a Mortgage, But Not Without Hope David and Sarah, a married couple in their 60s, came to us feeling stuck and overwhelmed. They were on a joint mortgage originally taken out with Northern Rock, now administered by Heliodor, a lender with limited options for change. They owed £42,000 […]
Can You Get a Shared Ownership Mortgage with Bad Credit?
Buying your first home is exciting, but if you have bad credit, you might be worried about your chances of getting a mortgage especially with a Shared Ownership scheme. The good news? It’s still possible! It might take a little extra work, but with the right approach (and some expert help), you can make your […]
Do I need to use a Mortgage Broker?
Getting a mortgage can feel like a minefield. There’s so much jargon, paperwork, and stress involved, and if you’ve got a slightly tricky situation like being self-employed or having a few credit blips it can feel even harder. At Clever Mortgages, we know just how overwhelming it can be. That’s why we do what we […]
Remortgage with Poor Credit – The Facts
Are you thinking about a remortgage? Are you unsure what that term means? Are you worried your credit score may let you down or even prevent you from remortgaging altogether?
We’re here to help
Do I Have to Use the Estate Agent’s Mortgage Broker?
A Guide for Homebuyers Buying a home is a big step, and it’s natural to feel a little overwhelmed with all the advice, paperwork, and professionals involved. One common question we hear from clients is: “Do I have to use the estate agent’s mortgage broker?” The short answer is: no, you don’t. And it’s important […]
Exiting a fixed rate early
You can usually leave a fixed rate mortgage early – however, lenders usually require an early repayment charge and an exit fee.
Getting a Mortgage with Variable or Non-Mainstream Income: What You Need to Know
For many people, getting a mortgage is a straightforward process, show your payslips, prove your income, and get a decision. But for a growing number of people in the UK, it’s not that simple. If your income doesn’t come in a neat, predictable monthly salary or if it fluctuates due to how or when you’re […]
Moving House Checklist – Copy
Moving house checklist. Please find below our hints and tips for moving house.
Firstly, plan ahead, dont leave it until the last minute.
What is the minimum credit score needed to get a mortgage in the UK? – Copy
The simple answer is, there isn’t a minimum credit score to get a mortgage, in fact some lenders don’t credit score at all. We find when customers are talking about a credit score this often relates to the score given by credit reference agencies such as Experian, Equifax, or TransUnion. In fact, lenders have their […]
Consolidate Your Debt with a Mortgage: The Smart Way to Take Control of Your Finances
Are you juggling multiple credit cards, loans, or overdrafts and struggling to keep on top of your monthly repayments? A debt consolidation mortgage could be the financial solution you’ve been looking for. By using the equity in your home to consolidate your debts into one manageable monthly payment, you can regain control of your finances […]
Self-Employment and Mortgages: How Different Types of Income Are Assessed
If you’re self-employed and thinking about applying for a mortgage, you might be wondering: “Will the lender understand how I earn my income?” The answer is yes, but how they assess your income can vary depending on how you’re self-employed. Understanding what lenders look for (and how they calculate your earnings) can help you get […]
Self-Employed and Want a Mortgage? Here’s How to Get Approved – Even with Just 1 Year of Accounts or a Credit Blip
Being self-employed offers incredible freedom but when it comes to getting a mortgage, it can sometimes feel like you’re facing an uphill battle. The good news? Getting a self-employed mortgage is absolutely possible, even if you only have 1 year of accounts or have experienced a blip on your credit file. Whether you’re a sole […]