Mortgage Tips

Buying a property in the UK comes with various costs, and one of the most significant is Stamp Duty Land Tax (SDLT). When purchasing a home, this tax can significantly impact your overall budget. A common question that arises is: Who pays Stamp Duty, buyer or seller?  This article will clarify this question in detail,…

Applying for a mortgage is an exciting step towards owning your home, but it comes with several requirements. One key requirement is providing your bank statements. But how many months bank statements for mortgage do you need to submit? In this blog post, we’ll explore how many months’ worth of bank statements lenders typically ask…

Purchasing a home is a significant milestone in one’s life, but it can feel daunting if you have a less-than-perfect credit score. However, having a good income can greatly improve your chances of securing a mortgage, even with bad credit. In this post, we’ll explore how to get a mortgage with bad credit but a…

The prospect of having two mortgages on one property may seem unusual, but it’s not uncommon in certain situations. Whether you’re considering property investment, home improvements, or financial restructuring, understanding the possibilities and implications of having multiple mortgages on a single property is crucial. In this comprehensive guide, we’ll explore the complexities of holding two…

Purchasing a property at auction can be an exciting opportunity for first-time buyers to secure their dream home or investment property. However, navigating the auction process and securing financing can be daunting, especially for those new to the property market. In this comprehensive guide, we’ll explore the ins and outs of first-time buyer mortgage for…

A joint mortgage is a common arrangement where two or more individuals share ownership of a property and are jointly responsible for the mortgage repayments. However, circumstances may arise where one party wishes to take sole ownership of the property and assume responsibility for the mortgage. So, can joint mortgage be transferred to one? In…

The day you make your final mortgage payment is a monumental moment that many homeowners eagerly await. After years of paying off your home loan, that day marks not just a financial milestone but also the beginning of a new chapter in your homeowner story. Yet, what lies beyond that significant point? What steps should…

When you’re considering a home purchase or looking to refinance your current mortgage, deciding whether to add someone else to your mortgage is significant. This could be a spouse, a family member, or a trusted friend. When it comes to purchasing a property, often times one person may not qualify for the full loan amount…

Are you wondering whether your criminal record will affect your chances of getting a loan from a bank? This is a valid concern, as banks have strict criteria for approving loans and they often perform background checks on potential borrowers. In this article, we will explore the topic of do banks check criminal record for…

Buying a house is an exciting milestone that many people dream of achieving. However, if you have a credit score of 550 or less, you may be worried about your chances of being able to secure a mortgage and may be wondering, “Can I buy a house with a 550 credit score?” Yes, it is…