Q: What factors affect my eligibility for a mortgage?
A: When assessing whether or not to grant you a mortgage, lenders will be looking at how much you want to borrow; the size of your deposit; your credit history; your employment status; your income; your debt levels; any financial dependents, and your spending habits.
Q: What are the advantages of using a mortgage broker?
A: A mortgage broker is able offer independent advice from a range of market products, find the most suitable solution for your needs and assist you through the application process. Some mortgage advisors may only be able to advise on a small range of market products.
Q: Can I get a mortgage if I have bad credit?
Q: What happens to your mortgage when you move house?
Q: What should I do if I can’t afford my mortgage payments?
Q: Do I get a protection policy with my partner or on my own?
Q: How much critical illness cover would I need?
Q: What happens to your existing mortgage loan when you remortgage to a new lender?
Q: What determines the amount of your monthly mortgage loan repayment?
Q: What does it mean to be a 'mortgage prisoner'?
Q: Should I get a mortgage in principle before I start house hunting?
A: A Mortgage in Principle or Decision in Principle will be required by an estate agent to accept an offer made on a house. Some people like to have a MIP agreed when they are house hunting to be able to provide evidence of affordability straightaway. However, there is every possibility that the MIP may not be for the amount required for the final offer as purchase prices can change through the offer stage, and a new MIP will need to be applied for and approved.
Q: How long does it take to remortgage?
A: The best time to remortgage can be different for everyone, but the most common time is when your current deal is coming to an end. The time frame the application process can take may vary depending on your circumstances, the lender, and the legal work, and, therefore, we recommend that you start to think about arranging your remortgage appointment with us six months before your deal ends.
Q: How much deposit do I need for a mortgage?
Q: What does it mean when a protection policy goes 'on risk'?
Q: How long does it take for a mortgage to offer?
Q: What does life cover protect against?
Q: What happens if I do not remortgage before my current deal ends?
Q: What happens if I need to claim on my protection policy?
Q: Can I make overpayments on a mortgage loan?
Q: Can the transactions on my bank statements affect getting a mortgage?
Q: What is exchange of contracts?
A: It is a major milestone in the home-buying process. The exchange of contracts is managed by a conveyancing solicitor and involves the contracts being signed and swapped between the buyer and seller. At this point the sale will become legally binding and the deposit must be paid to the conveyancer.
Q What aspects of my life do I need to cover with protection?
A: Protection can be arranged to cover my life aspects, using one or more protection policies. Here are some of the life aspects people may wish to cover:
Mortgage - help to keep your loved ones in the family home by covering this large debt.
Household bills - plan to protect your existing lifestyle by covering the cost of your bills.
Future family living costs - consider the cost of raising a child until the age of 18, or 21.
Higher education costs - secure the education of your family by covering university costs.
Outstanding debts - help to pay off unsecured debt.
Household income - consider if your family get by on just one income if you were no longer around.
Funeral costs.
An inheritance - You could choose to leave an additional sum as a cash gift to allow loved ones to lead a more financially comfortable life.
Q: Can I get a mortgage if I'm self-employed?
Q: Why would I need protection if I do not have a family?
Q: What is a house completion and how long does it take?
Q: What does critical illness cover protect against?
Q: What should I do if I am thinking of buying my first home?
Q: Can I borrow more when I remortgage my current property?
Q: What happens if someone needs to be added or removed from a mortgage?
Q: What is Family Income Benefit?
Q: What are the advantages of using a mortgage broker?
A: A mortgage broker is able offer independent advice from a range of market products, find the most suitable solution for your needs and assist you through the application process. Some mortgage advisors may only be able to advise on a small range of market products.
Q: Can I get a mortgage if I have bad credit?
Q: What happens to your mortgage when you move house?
Q: What should I do if I can’t afford my mortgage payments?
Q: Do I get a protection policy with my partner or on my own?
Q: How much critical illness cover would I need?
Q: What happens to your existing mortgage loan when you remortgage to a new lender?
Q: What determines the amount of your monthly mortgage loan repayment?
Q: What does it mean to be a 'mortgage prisoner'?
Q: How long does it take to remortgage?
A: The best time to remortgage can be different for everyone, but the most common time is when your current deal is coming to an end. The time frame the application process can take may vary depending on your circumstances, the lender, and the legal work, and, therefore, we recommend that you start to think about arranging your remortgage appointment with us six months before your deal ends.
Q: How much deposit do I need for a mortgage?
Q: What does it mean when a protection policy goes 'on risk'?
Q: How long does it take for a mortgage to offer?
Q: What does life cover protect against?
Q: What happens if I do not remortgage before my current deal ends?
Q: What happens if I need to claim on my protection policy?
Q: Can I make overpayments on a mortgage loan?
Q: Can the transactions on my bank statements affect getting a mortgage?
Q What aspects of my life do I need to cover with protection?
A: Protection can be arranged to cover my life aspects, using one or more protection policies. Here are some of the life aspects people may wish to cover:
Mortgage - help to keep your loved ones in the family home by covering this large debt.
Household bills - plan to protect your existing lifestyle by covering the cost of your bills.
Future family living costs - consider the cost of raising a child until the age of 18, or 21.
Higher education costs - secure the education of your family by covering university costs.
Outstanding debts - help to pay off unsecured debt.
Household income - consider if your family get by on just one income if you were no longer around.
Funeral costs.
An inheritance - You could choose to leave an additional sum as a cash gift to allow loved ones to lead a more financially comfortable life.
Q: Can I get a mortgage if I'm self-employed?
Q: Why would I need protection if I do not have a family?
Q: What is a house completion and how long does it take?
Q: What does critical illness cover protect against?
Q: What should I do if I am thinking of buying my first home?
Q: Can I borrow more when I remortgage my current property?
Q: What happens if someone needs to be added or removed from a mortgage?
