FAQs

I am in my 50s and I would like to buy a house. Are there any lenders out there willing to provide a mortgage?

I am in my 50s and I would like to buy a house. I’m looking at properties in the region of £200,000 to £250,000 and I have a deposit of £50,000. Are there any lenders out there willing to provide a...

What sort of mortgage should I choose?

Fixed or variable? Only you can decide. It will depend upon your appetite for risk. Take a look at our section on types of mortgages for more information.

I am worried that due to divorce I will struggle to meet my mortgage payments. Can I remortgage and pay over a longer term?

My husband will be moving out after our divorce and I will be staying in the family home with our children, paying the remainder of the mortgage. This is likely to cost me a lot of money and I’m wo...

Can I get a mortgage on an interest-only basis?

Because so many borrowers were mis-sold interest-only mortgages in the past, it is now very difficult to get a residential mortgage on these terms. For your security, most lenders insist that you r...

What type of rate should we remortgage onto at the end of our current mortgage term?

My wife and I have a mortgage that is coming to the end of its term. However, we are also very worried that with UK leaving the EU and the effect this could have on interest rates. We have 15 years...

I have 16 buy to lets; am I exempt from the new 3% stamp duty surcharge?

When the original announcement was made in the Autumn Statement by the Chancellor, he proposed that investors with 15+ properties might be exempt from the 3% stamp duty surcharge when making purcha...

I am self-employed, but have no accounts available, can you help me?

Depending on your circumstances and how much you want borrow, it may be possible to find a suitable mortgage for you. You may not have accounts but you should have a tax return, so we might be able...

I have been living with my partner in his property for over 3 years, how do we go about adding me to the mortgage?

Later in the year I will be marrying my partner who already has a mortgage. We have been living with each other for three years, but now I would like to be added to the mortgage. How do we go about...

What documents will I need to provide in support of my mortgage application?

Each lender may have different requirements and it may vary according to the product or circumstance of the loan. Typically you may be asked to provide proof of income, proof of address, proof of y...

Have you got any advice about how I can improve my poor credit rating to get a mortgage loan?

When I was a student I was very careless with my money and I had problem with debt. As a result I have a very poor credit rating. Have you got any advice about what I could do to improve my rating...

My parents are lending me a deposit so I can purchase my first home, do I need to tell the lender this?

My parents are willing to lend me enough money so I can put down a 20% deposit on a house. I will pay them back interest free over the next few years. Do I need to tell the lender where the money h...

Will I be able to get a mortgage with just 5% deposit?

I have saved up a 5% deposit plus a bit extra for stamp duty and mortgage fees. Will this be enough for me to get a mortgage? Yes probably. Previously borrowers could get a mortgage with 5% deposit...

Can I release funds from an unencumbered property that I have recently inherited?

I have just inherited a property from a relative that is mortgage free. It is great to have this asset but I have little in cash savings so I would like to release some of the value in the house fo...

My wife and I have nearly paid off our residential mortgage and want to buy a second property for our son to live in, what would be the best way to do this?

My wife and I have £10,000 left to pay on our mortgage and the value of our home is £250,000. Our son is going away to university. We were thinking of buying a second home for him to stay in. Shoul...

What is a RICS HomeBuyer Report?

What is a RICS HomeBuyer Report? A RICS HomeBuyer Report is a type of home survey devised by the Royal Institution of Chartered Surveyors (RICS). It is aimed at homebuyers (hence the name) and inte...

Is it a good idea to get a fixed rate mortgage or should I stick with a tracker?

I currently have a tracker rate mortgage but I’m a bit worried that the interest rate could go up soon. With inflation above the 2% mark it looks increasingly likely the Bank of England might raise...

Can I let out my current home in the UK and use the funds to purchase a new home in France?

I’m interested in buying a property abroad - maybe in France. Can I let out my current home in the UK and use the funds to purchase a new home in France? I presume you are asking if you can refinan...

Is it possible to get a home-owner mortgage now my wife and I are in our forties, if yes then what is the longest term we can get?

My wife and I are in our early forties (I’m 42 and she is 43). We have got £25,000 in savings between us and a joint income of £45,000. Is it possible to get a mortgage at our age and what is the l...

How can I apply for a mortgage with you?

Give our mortgage broker team a call and let them help you. Most things can be done over the phone, via email and post. We’ll help you select the right mortgage and assist with the application. Mor...

Why should I use Mortgages for Business?

It can be hard to know exactly where to start when looking for a mortgage. Do you go to your bank, investigate the market for yourself or use a mortgage broker? The experience of applying for and g...

I have a bad credit history - can you help me?

It can be extremely difficult to get a mortgage if you have adverse credit but there are some solutions out there so it’s always worth talking to us. If you already have a mortgage, you might be ab...

How do I keep track of my application?

We handle every application we receive within our own team so you can contact us for an update. As soon as we receive your application we assign a dedicated member of our mortgage team to your case...

When should I remortgage?

Remortgaging is used for a number of reasons. To save money. To get a better rate. To raise equity.  When you are nearing the end of your initial rate, it’s a good idea to ask us if it’s worth remo...

I am 20 years old and on a low salary, would I qualify for a buy to let mortgage?

I have recently come into an inheritance and want to invest some of the money in property. The idea is to buy a flat or house for around £150,000 to rent out and I can put down a 50 per cent deposi...

Can lenders increase their tracker rate mortgages even if Bank Rate stays the same?

I read about the court case where borrowers tried unsuccessfully to overturn West Brom’s decision to raise its tracker rate mortgage rate even though the Bank of England base rate has not gone up....

Do I need a buy to let mortgage or a residential mortgage if I am letting it out to my family?

My husband and I are thinking of investing in a two or three bedroom house for our daughter and letting out the other rooms to students. She is in her first year at university in Sheffield and curr...

Can I live in my property with a buy to let mortgage?

I have been renting my old home since 2009 as I was unable to sell it and moved to another town due to work. At the time I changed my mortgage to a buy-to-let at the insistence of my lender. I am n...

I want to purchase a house for family members who will contribute to the mortgage. Will this be classed as a buy to let?

I want to buy a small house for my elderly mother and my aunt (my mother’s sister) and they will contribute half of the monthly mortgage repayment each. We are doing this as they are unable to get...

What if you want to buy a second home/holiday home and let it out when you are not using it – what sort of mortgage would you need to get?

What if you want to buy a second home/holiday home and let it out when you are not using it – what sort of mortgage would you need to get?This type of purchase would be treated in the same way as a...

You haven’t answered my question, what do I do now?

Give us a call and we’ll try to help.

A property has been bought down in price due to a Japanese knotweed in the garden, can you advise?

I am interested in buying a house that has been brought down in price as it has Japanese knotweed in the garden. I have heard that I might not be able to get a mortgage because of this, although I...

Who is the main applicant on a mortgage?

Who is the main applicant on a mortgage?The primary person (individual or director) applying for the mortgage. All lenders will allow more than one person to be named on a mortgage. The main applic...

Who is the second applicant on a mortgage?

Second applicantAll lenders will allow more than one person to be named on a mortgage. The second applicant is the second named person (individual or director) on the mortgage application. Generall...

What is an unencumbered property?

Unencumbered property is when you own a property outright with no mortgage or loans secured against it.            Last updated date: 04/01/2016