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Why Underwriters Need More Documents for Your Mortgage? When you apply for a mortgage, you’ll submit various documents like payslips, bank statements, and IDs.  But underwriters aren’t just checking these basics – they need the full picture of your finances. Here’s what they’re looking for and why they might request more documents: Why Couldn’t They […]

What Makes Property Uninhabitable for Mortgage Lenders? In the UK, an uninhabitable property is a place that’s not safe or suitable to live in. It’s essentially a fixer-upper that needs major work before anyone can move in. Most mortgage lenders won’t lend on a property that falls short of basic living standards. A property won’t […]

What Is a Mortgage in Principle? But first, let’s quickly recap what a mortgage in principle actually is.  A mortgage in principle, also called a decision in principle (AIP), is a lender’s estimate of how much they might be willing to lend you. It involves basic checks into your income, outgoings, and credit history, but […]

What Is The Average Cost Of Moving A House In The UK? The average cost of moving house in the UK is approximately £12,187. But this figure can vary considerably depending on several factors. These include the location you’re moving to, the property size, the distance you’re travelling, and any extra services you need. When […]

What’s The Difference Between Tenants in Common And Joint Tenancy? First, let‘s define the two ways to co-own a property. Tenants in Common  Each of you owns a specific share that can be equal or different. For example, you might own 75%, and your partner owns 25%, or any other percentage.  In this setup, you […]

Can My Mortgage be Withdrawn If I’m Made Redundant? Yes, your lender can pull your mortgage offer if you lose your job before completion.  Getting a mortgage relies heavily on proving you can afford the repayments with your income.  If you lose that income, the main reason they approved the mortgage disappears. That said, depending […]