What’s the Average Mortgage Length in the UK? Traditionally, the average mortgage length in the UK has been about 25 years. But with rising house prices and affordability challenges, lenders now offer longer terms, even up to 40 years. Banks like Barclays, Nationwide, Halifax, HSBC, NatWest, and Santander provide these extended mortgage options. Longer terms […]
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What’s the Maximum Mortgage Term in the UK?
Is Lying on a Mortgage Application Illegal in the UK?
Can I Still Get a Mortgage Even if I Lie on My Application? Trying to lie on your mortgage application is a bad idea. It’s illegal and very unlikely to work. Mortgage lenders in the UK thoroughly check everything from your salary to your personal details. They’ll expect proof you qualify and will scrutinise your […]
The Complete Guide to Lodger Mortgages
What is a Lodger Mortgage? A lodger mortgage, also called a rent-a-room mortgage, lets you count income from a lodger when applying for a mortgage. This can be a big advantage for both homeowners and those looking to buy. It can significantly increase how much you can borrow or make your existing mortgage payments more […]
Should You Choose Joint Tenants or Tenants in Common?
What’s the Difference Between Joint Tenants and Tenants in Common? In the UK, up to four people can own a share in one property. But how they own it makes all the difference. You have two choices: joint tenants or tenants in common. Joint tenants share everything equally. The property isn’t divided. You and your […]
Joint Borrower Sole Proprietor (JBSP) Mortgage Explained
What Is a Joint Borrower Sole Proprietor Mortgage? A Joint Borrower Sole Proprietor (JBSP) mortgage allows you to boost your borrowing power by adding up to three additional people’s incomes to your mortgage application. The twist? While you’re all responsible for the mortgage payments, only you, as the sole proprietor, own the property. It’s a […]
How To Get Islamic Mortgages: A Complete Guide
What’s an Islamic Mortgage? Islamic mortgages, also known as halal mortgages, are designed to comply with Sharia law and help you achieve homeownership. Here’s the key difference: Islamic mortgages don’t involve interest, which is forbidden under Islamic law. Sharia law prohibits riba (interest) because it’s seen as exploitative and unjust. So, instead of interest, Islamic […]
