Why October Is Not Too Soon To Prepare January can feel some distance away in October, particularly with Christmas still to come. In mortgage terms, however, borrowers whose fixed deals end between January and March are already entering a useful preparation window....
Read moreStudent loans are a normal part of the affordability picture for many younger buyers and graduates. They do not usually stop someone getting a mortgage, but they can affect how much a lender thinks is affordable each month. The point to understand is that lenders are...
Read moreBeing self-employed does not stop you getting a mortgage – the difference is usually the paperwork. Why Self-Employed Applications Can Feel Different The main question for the lender is simple: is the income reliable enough to support the mortgage?That is not...
Read moreFor many homeowners, mortgage admin is the sort of job that gets pushed down the list until it becomes urgent. The fixed rate is ticking along, the payments are familiar, and it is easy to assume there is time yet. But more borrowers are now taking a look at their...
Read moreWhat The FCA Is Trying To Fix For years, the mortgage system has largely been built around a traditional picture: stable monthly pay, steady outgoings, and paying the mortgage down before retirement. That doesn’t fit everyone anymore. A growing number of people have...
Read moreIn October the Financial Conduct Authority (FCA) said it’s running a test programme to bring “open finance” into mortgages. In plain English: with your permission, lenders could pull the info they need straight from your bank or budgeting apps, instead of asking you...
Read moreThe “which fix?” question is back because the gap between two and five-year deals has all but vanished. In August, the average two-year fix nudged below the five-year for the first time since 2022 (roughly 5. 00% vs 5. 01% on the day Moneyfacts reported it)[1]. For...
Read moreLosing a parent or loved one is never easy. Alongside the emotional weight of grief, many people find themselves facing practical and financial decisions, especially if property is involved. Inheriting a home can be a blessing, but it can also be complex. Whether...
Read moreIf your current mortgage deal is coming to an end, you might be wondering whether to stay with your existing lender or shop aroundfor a better deal. With interest rates fluctuating and lenders competing for business, re-mortgaging can be an opportunity to secure a...
Read moreFor many, the idea of becoming a first-time buyer in your 50s might seem unconventional. Traditionally, the first rung on the property ladder has been associated with younger generations. But with changing lifestyles, longer life expectancies, and evolving attitudes...
Read moreIn the Autumn 2024 Budget, Chancellor Rachel Reeves confirmed that the temporary relief on stamp duty will expire on 31 March 2025, as previously outlined by the former government. This change brings an end to measures that have provided significant tax savings for...
Read moreOwning a home is a journey filled with paperwork, financial evaluations, and anticipation. A pivotal step in this journey is mortgage approval – the moment a lender trusts you enough to lend you money. However, many hopeful applicants face rejection. If you’re...
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