When Do You Need a Solicitor for Remortgaging? The main reason most people remortgage is to get a better interest rate and lower their monthly payments. You don’t always need a solicitor for this type of straightforward remortgage with your existing lender. Here are the scenarios where solicitor fees do and don’t apply: You Don’t […]
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Do I Need To Pay Solicitor Fees When Remortgaging?
What Happens To Your Mortgage After A Divorce?
Will I Still Be Liable for the Mortgage After Divorce? The short answer is yes, you’ll still be liable for paying the mortgage even after divorce – at least in the short term. When you took out a joint mortgage, you both became EQUALLY responsible for making the repayments until the full amount is paid […]
Can I Get A Mortgage With Pre-Settled Status In The UK?
What Is Pre-Settled Status? Pre-settled status is granted under the EU Settlement Scheme to EU, EEA, or Swiss citizens who have not yet lived in the UK long enough to obtain settled status. This status lets you stay in the UK for up to 5 years. During that time, you can work, use the NHS, […]
Everything You Need To Know About CheckMyFile
What is CheckMyFile? CheckMyFile is a credit reporting service in the UK that gives a complete overview of your credit history. It pulls data from 3 major UK credit agencies: Experian, Equifax, and TransUnion. This gives you a single report showing everything lenders typically see when they decide if you can borrow money. While each […]
Can I Rent Out My House Secretly In The UK?
Is It Legal to Rent Out My House in Secret? While it’s not technically illegal, renting your house without your mortgage lender’s approval is a big NO-NO. This is because you’re breaking the rules you agreed to when you got the mortgage. Most mortgage contracts in the UK clearly state that you can’t sublet or […]
Can You Buy A House Through Your Business?
Can You Actually Live in a House Owned By Your Company? Living in a house your company owns sounds tempting, but hold on! It’s not all sunshine and roses. If you live in a house owned by your own business, the taxman (HMRC) will consider this a ‘Benefit in Kind’. A perk on top of […]
