Currently, the minimum deposit stipulated stands at five percent. However, opting for a 10% or 15% deposit unlocks broader options and potentially more favorable rates and fees. An important aspect to note is that with a five percent deposit, lenders typically impose...
While the minimum deposit for a home is typically 5%, securing a favorable deal hinges on having an excellent credit rating. The greater your deposit contribution, the broader your selection of lenders, the more favorable the interest rates, and the lower your monthly...
In essence, mortgages for company directors operate much like any other mortgage application. A successful application demonstrates alignment with the lenders' risk criteria and the ability to manage repayments. The intricacies emerge from the fact that many lenders,...
Examples of Professions that mortgage lenders consider include : Accountants Solicitors Financial Advisers Doctors Dentists Barristers Architects Vets Additionally, certain groups such as graduates, higher earners, business executives, investment bankers, and...
There are many reasons why you may consider later life lending such as – Being a viable alternative to using other assets Supplementing retirement income Holidays, cars and home improvements Gifting money to family Repaying an interest only mortgage Restructuring...
If your company has been operating for at least a year and is profitable, obtaining a mortgage should be relatively straightforward. However, if your company is relatively new, securing a mortgage might pose more challenges. One of the main hurdles for Limited...
While there aren't mortgages exclusively designated for contractors, certain lenders offer criteria that are particularly advantageous for this group. For instance, some lenders may assess your daily rate instead of solely considering salary, dividends, or profits...
It’s encouraging to see how lenders and solicitors have evolved their processes around Equity Release during the COVID-19 Lockdown. Initially, there were challenges around remote working. Then there were challenges around property valuations and independent legal...
Business owners and the self-employed can find it difficult to get a mortgage at the best of times. COVID-19 and the resulting lockdown has made this even more of a challenge. However, mortgage lenders also face challenges of their own. These include their staff...
As Independent Mortgage Advisers, we constantly monitor the mortgage market for news, views and developments that affect our core clients - Business OwnersContractorsLater Life BorrowersProperty Investors and key business partners – Independent Financial Advisers...
