What the 2023 Mortgage Charter means for you
As a UK mortgage borrower, you may have heard about the recent introduction of the Mortgage Charter 2023. We look at the details of the Mortgage Charter, its potential benefits, and what it could mean for your mortgage journey.
What is a debt to income ratio?
Before we can do the calculation, we need to work out your debt repayments and your monthly income You should now have two figures ...
What does debt consolidation mean?
Suitable debts for consolidation will it be worth it? There are two types of debt consolidation loan “Your home may be repossessed if you ...
Can you get a mortgage if you have a loan?
Understanding Personal Loans and Mortgages Let’s start by clarifying the difference between a personal loan and a mortgage. Debt-to-Income Ratio (DTI) Are You Struggling ...
Can You Get a Mortgage with No Credit History?
Challenges of Getting a Mortgage with No Credit History Lenders use a borrower’s credit history as a key tool to assess creditworthiness. Without a ...
How to get a joint mortgage if one of you has bad credit
Getting a mortgage when one person has bad credit Getting a mortgage when one applicant has bad credit is still possible, although, it’s not ...
Does a payday loan affect getting a mortgage?
Payday loans are aptly named because they are designed to be repaid by borrowers at the end of the month, in-line with their payday. ...
What is an Equitable Charge?
When it comes to securing loans, the terms ‘first charge’ and ‘second charge’ are often thrown around. But did you know there’s another type ...
Mortgages for over 50s
Which type of mortgage is best when you are over 50? When it comes to finding the best mortgage for you as someone over ...
Mortgages for over 60s
What is the maximum age limit for obtaining a mortgage? The maximum age limit for obtaining a mortgage will vary depending on the lender ...
Mortgages for over 70s
What is the maximum age limit for obtaining a mortgage? The maximum age limit for obtaining a mortgage will vary between lenders and the ...
What is a RIO mortgage?
Are you planning for your retirement and exploring your mortgage options? If so, you’ve probably come across the term ‘RIO mortgage’. But what exactly ...
Can you get a mortgage on a zero-hour contract?
Understanding Zero-Hour Contracts Before we go into the nitty-gritty of mortgages, let’s first understand what a zero-hour contract is. A zero-hour contract, as the ...
How to get mortgage ready
Getting your finances in order before applying for a mortgage is one of the best things to do. Whether you are buying your first ...
What does a conveyancer do?
Understanding Conveyancing So, what exactly is conveyancing? Simply put, it’s the legal process of transferring ownership of a property from one person to another. ...
