Key issues around applying for mortgages and costs of mortgages
CheckMyFile – 3 credit reports in one CheckMyFile offers a credit report covering your data from 3 credit reference agencies – Equifax, Experian and TransUnion. This is available now online for FREE for 30 days, then £14.99 a month, you can cancel anytime. What is Checkmyfile? Check my file provides data on your credit history … Read more
100% mortgage for first-time buyers The No Deposit Mortgage for first-time buyers was launched in May 2023. This is a no-deposit 100% mortgage designed exclusively for those who have been renting and wish to take the first step on the property ladder. If you are a first-time buyer and have been renting for at least … Read more
In this blog, we thoroughly explain the HSBC Mortgage Criteria to help you understand your eligibility before you apply. If you have any questions or are unsure whether you fit the HSBC criteria, please contact us and one of our friendly mortgage advisors will be able to help. History of HSBC HSBC first opened its … Read more
What is porting a mortgage? Porting a mortgage is one of the areas where we find borrowers get most confused. Porting is a feature offered by most mainstream lenders on residential products and by many lenders on buy-to-let products. When you are porting a mortgage, you are not actually ‘porting the mortgage’, you are, instead … Read more
Mortgages and options for valuing your property When you purchase a property using a mortgage, the lender will want to ensure that the property is suitable security for the loan. Equally, as the purchaser, you will want to ensure that the property is worth what you intend to pay for it and that there are … Read more
Problems accepting your new Santander Mortgage Rate online? We find Client’s sometimes find the Santander online mortgage acceptance process confusing. When you select a new mortgage rate, Santander email you with a link to a web page where you can view your new mortgage offer and accept your new mortgage rate online. The most common … Read more
TransUnion (Credit Karma) – formerly CallCredit Noddle can offer you access to your Statutory Credit Report online for free in less than five minutes. Our two-minute video takes you through how to download your TransUnion credit report
Find out how much Stamp Duty Land Tax you are required to pay when purchasing property by using our online calculator today. Stamp Duty Land Tax Rates Property Value Stamp Duty Tax Rate The rate payable on remainder of value (+£1.5M) Zero The rate payable on the next £675,000 (£250,001 to £925,000) 5% The rate … Read more
Experian will provide a copy of your credit report under its statutory obligations for a cost of £2. This means that to obtain your experience credit report you do not need to sign up for an account on any subscription basis, free or otherwise. Below we outline how the process of obtaining your Experian Statutory … Read more
Why do Mortgage Lenders ask to see Bank Statements? Primarily to: Ensure no payments have been returnedEnsure any overdraft limit is not exceededSee income being banked as per wage slipsSee existing rent or mortgage payments going outSpot regular payments that have not been listed on the application The importance of your bank statements in a … Read more