Can You Get a Mortgage If You Have Cancer? Having cancer doesn’t mean you can’t get a mortgage. Many people worry about getting a mortgage with health problems. But it’s important to know that having cancer doesn’t automatically disqualify you from homeownership. Lenders care more about your ability to repay the loan than your medical […]
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How To Get A Mortgage With Health Problems Like Cancer?
What is the LIFT Scheme in Scotland? A Complete Guide
How Does the LIFT Scheme Work? When you buy a home through the LIFT scheme, you typically fund 60% to 90% of the property’s cost, based on your financial situation. The Scottish Government covers the rest. Although you hold full title to the property, the government’s share is secured by a ‘standard security,’ similar to […]
Mortgage Retention Explained: A Quick Guide
What Is Mortgage Retention? Mortgage retention occurs when a lender decides not to release the full mortgage amount upfront. Instead, they hold back a portion of the funds until certain conditions are met. This usually happens when a surveyor identifies essential work that needs to be done on the property to bring it up to […]
Mortgage Redundancy Insurance: Is It Worth It?
What Is Mortgage Redundancy Cover? Mortgage redundancy cover, also known as redundancy insurance or mortgage protection insurance redundancy, is a financial safety net designed to help you keep up with your mortgage payments if you lose your job. In today’s uncertain job market, many homeowners worry about how they’d manage their mortgage if they were […]
What To Do If Your Mortgage Offer Is Withdrawn?
What Is a Mortgage Offer? Let’s break it down simply: a mortgage offer is a formal letter from a lender saying they’re ready to lend you money to buy a house, but with strings attached. Here’s what it usually includes: Remember, a mortgage offer isn’t the same as a mortgage in principle or an agreement […]
How To Get Mortgages in Northern Ireland? A Guide
How Do Mortgages Work in Northern Ireland? Mortgages in Northern Ireland are quite similar to those in the rest of the UK. You borrow funds from a lender to buy a home and repay them over 25 to 35 years. Your home is the collateral, meaning if you miss payments, the lender can take it […]