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 […]
Can You Get a Mortgage with Complex Income?
Absolutely – Here’s How If you’re self-employed, a contractor, or have multiple income streams, you’ve probably heard the term complex income when applying for a mortgage. But what does it really mean? And more importantly can you still get the mortgage you need? Good news: Yes, you can. And with the right specialist advice, your […]
Declined Mortgage Application? Here’s How We Can Help You Turn It Around
Securing a mortgage is one of the most exciting and often nerve-wracking steps on the journey to owning your dream home. But what happens when things don’t go to plan and your mortgage application is declined? It’s disheartening, we know. But here’s the good news: a decline doesn’t have to be the end of the […]
Self-Employed or Have a Complex Income? Getting a Mortgage Isn’t Out of Reach
At Clever Mortgages, we speak to people every day who’ve been turned away by their bank simply because they don’t fit into the “traditional” salary box. Maybe you’re self-employed, a contractor, juggling multiple income streams or all three. And perhaps you’ve been told, “Sorry, you don’t meet our criteria.” But here’s the truth: Just because […]
Stamp Duty Changes in April 2025 – The Countdown Begins!
If you’re planning to buy a property, time is running out to take advantage of the current Stamp Duty rates before the upcoming changes in April 2025. With only weeks left until the new rates come into effect, buyers must act swiftly to ensure their transactions are completed in time. But what exactly is changing, […]
Joint Beneficiary vs. Tenants in Common: What’s the Difference?
When buying a property with someone else, one of the key decisions you need to make is how to own the property together. The two main ways to do this in the UK are as Joint Beneficiaries (Joint Tenants) or Tenants in Common. Each option has its own benefits and drawbacks, so it’s important to […]
Home Improvement Ideas: Transform Your Space with Clever Mortgages
It’s the perfect time to think about how you can enhance your living space and add value to your home. Whether you’re planning to create your dream kitchen, add an extra bedroom, or finally tackle that garden makeover, home improvements can transform your house into a space you truly love. But how do you finance […]
How Klarna and Buy Now, Pay Later Schemes Could Affect Your Mortgage Application
If you’re thinking about buying your first home, you might be wondering if using Klarna or other ‘buy now, pay later’ (BNPL) services could cause issues with getting a mortgage. Spreading out payments can be super helpful, but it’s worth knowing how lenders might see it. Will Klarna Stop You from Getting a Mortgage? Not […]
New Year, New Home: Tips for First-Time Buyers
The New Year is the perfect time to make a fresh start — and for many, that means taking the plunge into buying your first home. It’s an exciting milestone, but let’s be honest: it can also feel a bit overwhelming. Don’t worry! I’ve put together some friendly, down-to-earth tips to help you kickstart your […]
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 […]
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 […]
Mortgages for complex income borrowers
Unlock homeownership for complex incomes with Clever Mortgages’ expert guidance.
The main benefits of a debt consolidation loan
If you’re currently dealing with multiple loans from different loan providers then consolidating this debt can be a good option. A debt consolidation loan allows you to combine your debts to provide you with one monthly repayment.
Things to avoid doing when applying for a mortgage
When applying for a mortgage you will want to avoid doing anything that could hold back your chances of being accepted. You might have already been working hard to improve your credit score and shouldn’t want to do anything that could further implicate your application.
Myths around mortgages and credit scores
Your credit score is one of the most important pieces of information about you when it comes to borrowing money. Mortgage lenders use your credit record to help them make a decision on whether they should lend to you. However, despite their importance, there’s still a lot of misunderstanding and confusion around credit scores and what they mean.
