Securing a mortgage as a self-employed person might seem complex, but understanding how your income is calculated can clarify it. Mortgage lenders in the UK have criteria for working out the income figures used to determine your borrowing capacity. In this guide, we’ll break down the key factors that lenders consider. 1. Documentation is Key […]
How is Self-Employed Income Calculated for a Mortgage? Read More »
If you’re facing difficulty making your mortgage payments, it is important to contact your lender promptly. The sooner you inform them of your situation, the sooner they can advise you of your options. Before contacting your mortgage lender, have as much information to hand as possible about your income and outgoings. You should be prepared
What Happens if I Can’t Pay My Mortgage? Read More »
A number of major high street banks and building societies have started to offer green mortgage products. The idea is that if you’re moving into an energy-efficient home (one that has an EPC rating of A or B) or plan to make your home greener with the addition of solar panels or better insulation, your
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1. Speak to an adviser This may seem obvious, coming from a mortgage adviser. They are experts in their field with detailed knowledge of all the lenders’ criteria. Your own bank may decline you for a mortgage, but there could be plenty of other lenders willing to provide you with one. A good adviser will
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What is remortgaging? Remortgaging is the process of applying for a new mortgage with a different lender while staying in your current home. There are several reasons why someone might want to remortgage. Some people do it when their current mortgage product’s initial benefit period is ending, and they want to secure a new, more
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