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What’s the Minimum Age for a Mortgage in the UK? The good news is that you can legally buy a house and get a mortgage at 18.  That’s right – the moment you become an adult, you’re eligible to apply for a mortgage and purchase property.  However, it’s not quite as simple as just turning […]

Can You Get a Mortgage If You Have Cancer? Having cancer doesn’t mean you can’t get a mortgage.  Many people worry about getting a mortgage with health problems. But it’s important to know that having cancer doesn’t automatically disqualify you from homeownership.  Lenders care more about your ability to repay the loan than your medical […]

How Does the LIFT Scheme Work? When you buy a home through the LIFT scheme, you typically fund 60% to 90% of the property’s cost, based on your financial situation.  The Scottish Government covers the rest.  Although you hold full title to the property, the government’s share is secured by a ‘standard security,’ similar to […]

What Is Mortgage Retention? Mortgage retention occurs when a lender decides not to release the full mortgage amount upfront. Instead, they hold back a portion of the funds until certain conditions are met.  This usually happens when a surveyor identifies essential work that needs to be done on the property to bring it up to […]

What Is Mortgage Redundancy Cover? Mortgage redundancy cover, also known as redundancy insurance or mortgage protection insurance redundancy, is a financial safety net designed to help you keep up with your mortgage payments if you lose your job.  In today’s uncertain job market, many homeowners worry about how they’d manage their mortgage if they were […]

What Is a Mortgage Offer? Let’s break it down simply: a mortgage offer is a formal letter from a lender saying they’re ready to lend you money to buy a house, but with strings attached. Here’s what it usually includes: Remember, a mortgage offer isn’t the same as a mortgage in principle or an agreement […]