What happens when applying for a mortgage?
2nd March 2021
Have you ever wondered what happens when applying for a mortgage? Below, we break this down into 6 simple steps.
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Have you ever wondered what happens when applying for a mortgage? Below, we break this down into 6 simple steps.
Exciting news was received over the weekend, for prospective first-time buyers and those who would like to move home, but only have a deposit of 5%.
Finding a mortgage for a first-time buyer with poor credit can be difficult. Most first-time buyers want to borrow more than 85%, which can massively reduce
Affordability can also be down to the property you are looking to purchase as well, if you are looking to refurbish a property it would be never advisable to borrow to your maximum affordability
Having poor or bad credit doesn’t always mean you won’t get a mortgage, but it can affect the options available to you.
Is your credit score lower than you’d like it to be? Perhaps you’ve got a default, CCJ or IVA lingering on your credit report, and are worried that you won’t be able to get a mortgage until it’s been wiped clear?
Lending in 2020 was massively impacted by the COVID-19 pandemic. In April 2020, due to the lockdown, we saw the property market come to a
This year has been a roller coaster when it comes to the mortgage market, during lockdown 1 in March Mortgage Products fell dramatically with lenders
The current situation with furlough You may have been on furlough or finding yourself on an extend period with the current scheme running until 30th
The new Homes England Help to Buy Equity loan scheme commenced on the 16th December 2020. This scheme is only open to first time buyers
There are many reasons why it’s beneficial to use a mortgage broker – here’s a few of the main ones.
We’re currently seeing one of the busiest housing markets in over a decade as people rush to beat the Stamp Duty Land Tax (SDLT) deadline.
A fixed rate mortgage basically means that your interest rate and payments won’t change for the initial product period of your mortgage.
Have you ever wondered how a credit score works? How it can affect you? Or why there are different agencies that create your reports?
Below we answer your questions and a link to a free credit report check*
A residential mortgage in the UK is a loan that is used to purchase a property for use as a primary residence. The lender, typically a bank or building society, uses the property as collateral for the loan. The borrower makes monthly payments to the lender until the loan is fully repaid, which is typically over a period of 25-30 years.
Right to Acquire is a scheme available if you are a housing association tenant in England. The scheme gives tenants the right to purchase their home at a discounted price. To be eligible for the scheme, tenants must have had a public sector landlord for at least three years.
Moving house checklist. Please find below our hints and tips for moving house.
Firstly, plan ahead, dont leave it until the last minute.
Equity release is a way to get cash from the value of your home. It allows you to unlock some of the equity (money) tied up in your property
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
By submitting your details you agree to them being used by Clever Mortgages, or an Appointed Representative of Financial Makeover Ltd, to respond to your enquiry. Please note all second charge and commercial products will be dealt with by Clever Lending who are a trading name of Financial Makeover.
Clever Mortgages is a trading name of Financial Makeover Limited. Financial Makeover Limited is a limited company registered in England and Wales with registered number 6111701. Registered Office: Kempton House Kempton Way, Dysart Road, Grantham, Lincolnshire, NG31 7LE. Financial Makeover Limited is authorised and regulated by the Financial Conduct Authority with registered number 706595. Your initial consultation and any quotations are free and you are under no obligation to proceed with any options that may be available to you. If you choose to go ahead with a mortgage or secured loan, a fee will become chargeable. Our calls may be recorded and monitored for training, compliance and complaint handling purposes. Please note commercial mortgages and some buy to let mortgages are not FCA regulated products.
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