A rise in inflation can have a significant impact on the cost of living, with the costs of goods and services increasing and becoming harder to afford. Mortgage payments are a lot of people’s largest expense, so wanting to know how inflation will affect it is completely understandable. Yes, mortgage payments increase with inflation although … Read more
Fixing your mortgage can give you peace of mind that your mortgage payments will remain the same for the length of your initial term. This can be very helpful when interest rates are expected to go up as it could save you a decent amount of money in interest payments, although there are a few … Read more
With online platforms making access to the stock market easier, more people than ever are investing their money into stocks. This quite rightly is raising concerns about whether investing in stocks will affect your mortgage application if you’re about to make, what could be, the biggest purchase of your life. Yes, investing in stocks can … Read more
If you’re in the market for a mortgage or have one already, understanding where mortgage lenders get the money they give out to borrowers can be useful to know. Mortgage lenders get their money either from bank deposits made by people with bank accounts, borrow the money from other banks or source money from investors. … Read more
If you’ve recently purchased a new property you might be wondering if you should, or even if you can give your mortgage broker a gift for all the help they provided throughout the process. Yes, you can give your mortgage broker a gift. However, when deciding whether you should give your mortgage broker a gift, … Read more
When applying for a mortgage, lenders look at a variety of factors to help them gauge how much they’re willing to let you borrow, if anything at all. This means making sure you tick the right boxes is critical to make sure you get the money you need for your new home. Yes, mortgage lenders … Read more
Getting a mortgage can be stressful, especially if you’re wondering what income will be accepted by a mortgage lender as that can have a significant impact on the amount you’re able to borrow. Yes, most mortgage lenders accept dividends as income. However, you’ll have to be able to demonstrate you’ve earned it consistently over the … Read more
Getting a mortgage can be difficult, having to prove your earnings to support the loan with the uncertainty of what will and won’t be accepted in your application. Yes, mortgage lenders take overtime into account. However, some lenders will only take a small percentage of your overtime unless you can demonstrate that it has been … Read more
There can be several reasons why you’re wanting to remortgage including releasing equity from your property, trying to reduce your monthly payments or just that your fixed rate is coming to an end. Whether you need a conveyancing solicitor to help in the process can be a valid question as does seem like an expense … Read more
There may be many reasons why you’re looking to know how soon you can remortgage before your fixed rate ends, from reducing your monthly mortgage payments to looking to do an equity release. However, if you are looking to remortgage within your fixed period, make sure you’re careful so you don’t incur a lot of … Read more