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What is a Mortgage Offer? A mortgage offer is a lender’s formal approval to provide you with a home loan, assuming you meet all the stated terms and conditions. It confirms that your full application – your finances, credit, income, deposit, and property – has passed the lender’s criteria.  This checking process can take from […]

Why You Need To Disclose Your Property’s Condition  & History Disclosing your property’s condition and history in the UK is both legally required and builds trust with buyers.  You must be upfront about any issues to avoid lawsuits under the Consumer Protection from Unfair Trading Regulations (CPR). Failure to do so could result in prosecution, […]

What Is a Mortgage Exit Fee? A mortgage exit fee is an administration charge your lender hits you with when you pay off your mortgage in full before the end of the agreed term.  So whether you’re remortgaging, moving house and porting your mortgage, or making lump sum overpayments to clear the balance early, there’s […]

What Is an SA302 Form? An SA302 form, also known as a tax calculation form, is a document HMRC issues (HM Revenue & Customs, the UK tax authority) that summarises your tax return. It includes details about your total income, tax paid, and National Insurance contributions.  Mortgage lenders ask for this to prove you can […]

Has your mortgage lender ever mentioned your “loan to value” ratio? If you’re buying a property or remortgaging, it’s an essential concept to understand.  Your LTV ratio could make or break your mortgage application and affect how much your mortgage ends up costing you.  Here’s a clear explanation of what it is and why it […]

Tax Implications of Paying Off Someone Else’s Mortgage UK Paying off someone’s mortgage in the UK might seem kind, but it could mean tax issues for both of you. Let’s see what those are and how to handle them. Inheritance Tax on Gifts A big concern is inheritance tax if you help a relative with […]