Mortgage Options for Those in a Debt Management Plan (DMP)
If you have been or are currently in a Debt Management Plan (DMP), you might wonder how this impacts your ability to get a mortgage. The good news is that there are mortgage options available, whether you’re currently in a DMP or have completed one. Let’s explore what a DMP is, the available mortgage options, […]
Product Transfers vs. Remortgages: What’s Right for You?
When it comes to renewing your mortgage deal, you’ve got two main options: stick with your current lender for a product transfer or explore the wider market with a remortgage. Both have their benefits, but if you’re not careful, you might miss out on a better deal. Let’s break it down in simple terms so […]
Why You Shouldn’t Wait to Buy Your First Home
If you’re thinking about buying your first home, here’s some advice: don’t wait! Big changes to stamp duty are coming in April 2025, and they could cost you a lot more money if you hold off. Let’s break it down so it’s easy to understand. What’s Happening? Right now, first-time buyers don’t have to […]
Getting a Mortgage with Defaults: Your Comprehensive Guide
If you have defaults on your credit file, the idea of getting a mortgage might feel overwhelming. However, it’s not impossible. There are lenders who specialise in helping people with bad credit, including defaults, CCJs, or even Debt Management Plans, get on the property ladder. This guide will explain what defaults are, how they affect […]
How Long Does It Take to Buy a Property as a First-Time Buyer?
Buying your first home is an exciting but sometimes overwhelming experience. To help you navigate this journey, here’s a complete guide that outlines the timelines, roles of professionals, and the paperwork you’ll need to prepare. How Long Does It Take? The process of buying your first home typically takes between 2 to 6 months, […]
How Buy Now, Pay Later Services Like Klarna, GoCardless, and PayPal Credit Can Affect Your Chances of Getting a Mortgage
If you’re planning to buy a house, you’ve probably heard that lenders look closely at your finances to decide if they’ll give you a mortgage. What you might not realise is that using things like Klarna, GoCardless, PayPal Credit, or other “buy now, pay later” (BNPL) services could have an impact on their decision. Let […]
Getting a Mortgage with a Debt Management Plan: What You Need to Know
If you’re currently in or have completed a Debt Management Plan (DMP), securing a mortgage might feel like a challenge. But rest assured, there are options available to help you achieve your goal of homeownership or refinancing. Whether you’re looking to save money, consolidate debts, or raise a lump sum to clear your DMP, the […]
Your Guide to Buy-to-Let Mortgages: What You Need to Know
Thinking about becoming a landlord? Buying a property to rent out can be a smart investment, but it comes with some key considerations. One of the first steps is securing a buy-to-let mortgage. Don’t worry if you’re new to the landlord world—it’s possible to get started even if this is your first time! Let’s break it […]
First-Time Buyers – Budget Impact
The journey to buying your first home is an exciting but often challenging one. As many first-time buyers prepare for this big step, new changes announced in Chancellor Rachel Reeves’ recent Budget could create some added hurdles. Here’s a look at the changes to stamp duty, interest rates, and housing costs, along with some tips […]
Changes to the Right to Buy Scheme in England: What Council Tenants Need to Know
The Right to Buy scheme, which allows council tenants in England to purchase their homes at a discount, is set to undergo significant changes in November 2024. If you’re a council or housing association tenant considering homeownership, understanding these new updates is essential. From reduced discount limits to expanded eligibility, here’s everything you need to […]
Remortgage vs. Second Charge Mortgage: Which is Best for Raising Funds?
If you’re looking to raise funds from your property, it can be tricky to figure out whether a remortgage, further advance, or second charge mortgage is the best option for you. Many homeowners aren’t fully aware of all the options available when it comes to borrowing against their home. In this blog, we’ll explain the […]
We’ve Got You Covered!
BB and Oak Mortgages Are Here to Help! At BB and Oak Mortgages, our clients are our top priority, and we’re excited to announce that Clever Mortgages clients are now in the expert hands of our team. Whether you’re coming back for advice or new to us, we’re here to make your mortgage journey as […]
The Benefits of Student Letting: Maximising Rental Yields for Landlords
For landlords looking to maximise rental yields, investing in student property has long been a smart strategy. The demand for student accommodation continues to rise, driven by the growing number of students attending universities across the UK. Offering strong returns and a stable rental market, student properties can be a lucrative addition to any investment […]
A Comprehensive Guide to HMO properties.
Investing in Buy-to-Let Properties: A Comprehensive Guide to Success with HMOs Investing in a buy-to-let property can be a rewarding venture, offering both steady rental income and potential property value appreciation. But for those looking to maximise returns, a House in Multiple Occupation (HMO) can be a smart choice. An HMO property, where multiple tenants […]
