You might have heard stories of generous parents paying off their children’s mortgages or kind-hearted souls helping out a struggling friend or family member by clearing their home loan. But can you really pay off someone else’s mortgage in the UK? The answer is yes, but there are some important factors to consider. Tax Implications […]
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Can You Pay Off Someone Else’s Mortgage In The UK?
Can You Use Retained Profits For A Mortgage Application?
As a business owner, you’ve poured your blood, sweat, and tears into making your company a success. All those long hours and sacrifices have paid off with healthy profits year after year. But when it comes time to apply for a mortgage, can you actually use those hard-earned retained profits as income? The answer is […]
Should I Pay Off My Mortgage Early Or Invest?
The age-old dilemma for homeowners with extra money – what’s the smarter move? Pay down the mortgage quicker or invest those spare funds? It’s a tricky decision with no one-size-fits-all answer. Paying off your mortgage eliminates debt sooner while investing gives your money the potential to grow. Both have merits, it just depends on your […]
What Credit Score Do You Need For A Mortgage In The UK?
Applying for a mortgage can feel like one big guessing game when it comes to your credit score. How high does it really need to be? Is there a magic number that will unlock the best rates? 🤔 You’ve probably heard lenders just want to see an “excellent” rating. But what actually constitutes excellent differs […]
How To Save For A Mortgage Deposit?
Saving for a deposit on your first home can be tough, but a clear plan will help you reach your goal. Your first step? Figure out how much you need to save. 💷 In the UK, a typical mortgage deposit is at least 5% of the house price. With average UK house prices sitting at […]
Top Questions To Ask When Viewing A House
Why Are the Sellers Moving Out? When viewing a house in Britain, ask why the sellers are moving. Their reasons can be useful. Are they splitting up? They might be keen on a fast sale and accept a lower offer to get the money divided. Perhaps they’ve already bought another place and don’t fancy two […]
