What is an Umbrella Company Mortgage? An Umbrella Company Mortgage is made for UK individuals working under an umbrella company, such as IT contractors, graphic designers, builders, and freelancers. These professionals are employed by a third-party company that handles their payroll, taxes, and National Insurance contributions on their behalf. This arrangement affects how lenders assess […]
Blog
How To Get A Student Mortgage in the UK: A Guide
Being a student can make securing a mortgage challenging. Lenders are often cautious due to your limited credit history and fluctuating income. But, here is the deal – it’s not impossible. With the right guidance, you can get on the property ladder while being a full-time student. Curious, how? This article will show you how […]
Stipend Mortgage: Can You Buy a Home as a PhD Student?
What Is Stipend Income? Stipend income isn’t your regular paycheck from a 9-to-5 job. Instead, it’s a set amount of money you receive regularly to help you focus on your studies, research, or training without the need to work full-time. Whether you’re diving into a PhD program, an internship, or a fellowship, a stipend is […]
How To Get Mortgages with Rental Income?
Can Rental Income Secure You a Residential Mortgage? Yes, you can. If you’re managing properties as a professional landlord, you’ll find many UK lenders consider the income you earn from these rentals a solid foundation for your mortgage application. They’re keen to know if you can handle the mortgage repayments. To this end, they assess […]
Proof of Income for Mortgages Explained
What Counts as Proof of Income for a Mortgage? Proof of income for a mortgage is the documentation you provide to show how much money you earn. It helps lenders decide if you can afford the mortgage payments. This usually includes your payslips, bank statements, P60 forms, and possibly your employment contract, depending on your […]
How To Get Mortgages on Probationary Period?
Can You Get a Mortgage While on Probation? Yes, it’s possible to get a mortgage during your probation period, but there are extra steps to consider. Lenders often view probation as a sign of less stable employment because your role might not be permanent yet. They worry if you’re still in the early stages of […]
