What does the scrapping of the Mortgage Affordability test mean for first-time buyers
As of the 1st of August 2022, Bank of England have announced that they are scrapping the mortgage affordability test, which was designed to test whether house buyers would still be able to afford their property after an increase in interest rates or changed financial circumstances.Read More
Can I remortgage if I'm self-employed?
Remortgaging when you’re self-employed is not hugely different from a regular remortgage process. Most often, those who are self-employed may find both the initial mortgage and remortgage process slightly more time-consuming, as they are likely to be required to provide more documentation regarding...Read More
How does remortgaging work and how can it help you save?
Remortgaging can be simply described as switching your current mortgage deal to a different one. You may choose to do this in order to change the terms of your mortgage based on your personal needs - thing such as the duration of your mortgage, you monthly repayments, and to switch to another fixed...Read More
Key steps to reducing your monthly household bills in 2022
Electricity prices have increased by a whopping 7% this year alone, a number much higher than originally predicted. Alongside rising electricity costs, we are now also paying much more for food, petrol, and common household items due to inflation hitting an all-time high.Read More
Bank Statements: 5 things mortgage lenders don’t want to see
There is a multitude of factors that can impact your mortgage application. From your income, which is one of the biggest indicators of how much you can borrow, to your history of borrowing and repaying money or in words your credit score. Things such as your spending habits, savings, and other...Read More
First time buyer schemes to help you get on the property ladder in 2022
First time buyer schemes, are schemes or programmes implemented by the UK government with the intention of making home ownership more accessible. As house prices rapidly increase, UK citizens are finding it more and more difficult to raise capital for their home deposits. According to an analysis...Read More