Tag: Mortgage Affordability
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Company Director Retained Profit Mortgage: Can You Borrow Against Money Left in the Business? If you run your own limited company, you probably already know that a standard mortgage application, built around salary and dividends, doesn’t always reflect what your business actually earns. Many directors deliberately leave profit inside the company rather than drawing it…
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Buying your first home is a huge milestone. It’s exciting, a little daunting, and full of decisions that can feel unfamiliar if you’ve never done it before. Here’s a clear, step by step guide to help you move through the process with confidence. Step 1: Work Out What You Can Afford Before you start browsing…
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Being a first time buyer means facing a wall of unfamiliar terms, and the mortgage itself is often the most confusing part. Here’s a plain English rundown of the seven main types you’re likely to come across, what each one means in practice, and who tends to suit each one. 1. Fixed Rate Mortgages Your…
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Second charge mortgages have a bit of an image problem. Many people assume they’re only for borrowers in financial difficulty, or that they’re automatically expensive compared to other options. In practice, they can be a genuinely useful planning tool, especially if you want to raise capital without touching a first mortgage you’re happy with. The…
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How to Get a Mortgage and buying a home is exciting, but the mortgage side of things can feel like a maze of paperwork, jargon, and waiting. The good news is that the process breaks down into five clear stages. Get each one right and the rest tends to follow much more smoothly. Here is…
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By Munro Mortgages If you have start a new job or just changed jobs, or you’re about to, you might assume a mortgage is off the table until you have months of payslips behind you. That is not necessarily true. Plenty of lenders will consider applicants in a new role, on probation, or working on…
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Buying a home as a First Time Buyer is probably the biggest purchase you’ll ever make, and for most people, that means taking out a mortgage. If terms like “loan to value,” “fixed rate,” and “agreement in principle” feel like a foreign language, you’re not alone. This guide breaks down exactly how mortgages work in…
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Helping a child or grandchild buy their first home with a Family Mortgage or similar is something many families want to do, but the right approach will depend on your finances.
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When your initial mortgage deal ends, you should remortgage but if you don’t many lenders automatically move you onto their Standard Variable Rate (SVR). It’s one of the most expensive “default settings” in the mortgage world.
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Recent weeks have seen a number of major lenders increase their mortgage rates, with NatWest becoming the latest to announce rises across parts of its mortgage range.