How Gambling Affects Your Mortgage Application When considering your mortgage application, lenders like to get a clear picture of your financial situation. This includes taking a peek at your bank statements, where they might notice any gambling transactions. Here’s what could raise a red flag: – Big spending. If you’re spending a lot more money […]
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Does Gambling or Betting Affect Your Mortgage Application?
A Guide to Getting a Mortgage as a Contractor in the UK
What Are Contractor Mortgages? A contractor mortgage is a special type of loan that lets you buy a house if you work for yourself or on short-term contracts. It’s different from regular mortgages that people with permanent jobs get. This is because contractors might not get paid the same way every month, making it hard […]
Complex Income Mortgages: A Definitive Guide
What Counts as Income for Mortgage Applications? For mortgage applications, lenders typically consider income as the regular money earned from employment. However, not everyone earns their income this way. Some have “non-traditional” income, like business profits, rental income, or earnings from various jobs at different times, leading to irregular income flows. Complex income refers to […]
Government Schemes Available to First-Time Buyers in 2024
First Homes Scheme Best for: First-time buyers & key workers finding it difficult to afford a home in their local area. Under the First Homes Scheme, you can get a substantial discount of 30% to 50% on new-build homes in England. This is great news if you’re looking to buy your first home but find […]
Help To Buy Mortgages Explained
What is Help to Buy? Help to Buy is a UK government plan to help you buy your first home. If you applied to this scheme before, you can get up to 20% of the money for a new home from the government, or even up to 40% if you’re buying in London. You just […]
The Mortgage Guarantee Scheme Explained
What is the Mortgage Guarantee Scheme in the UK? The Mortgage Guarantee Scheme is a way to help you buy a home with a smaller deposit. Normally, you need a big deposit of at least 10% – 20% to get a good mortgage. But with this scheme, you can have a smaller deposit, and the […]
