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Many people think a cancer diagnosis means kissing their mortgage dreams goodbye. But that’s not true.  Lenders care more about whether you can pay back the loan than about your health. While it’s true, cancer might make things a bit trickier as it affects your income and how much you can borrow. But it doesn’t […]

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 […]

Buying a home in the UK? You might encounter a hurdle called mortgage retention. It’s when your lender holds back part of your mortgage funds, and it can throw a spanner in the works of your property purchase. Why does this happen? What does it mean for you? And most importantly, how can you handle […]

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 […]

You spend months searching for your dream home, finally find it, and snag a mortgage offer.  You’re practically unpacking in your head already. Then, out of nowhere, your lender pulls the rug from under your feet.  Your mortgage offer is withdrawn. 😱 This isn’t as uncommon as you might think for homebuyers in the UK. […]

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 […]