Updated as of November 2023 At the beginning of November, the Bank of England decided to maintain the base rate at 5.25%, sparking optimism that we may be approaching the conclusion of interest rate hikes. This development prompts the question: Is now the right time to fix my mortgage and perhaps more importantly, how long […]
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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 »
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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