Porting your Mortgage
Can I “Port” my mortgage? Most mortgages with high street lenders are “portable” this means moving your current mortgage product to a new property without incurring your early repayment charge which can range from 1% to 5% of your existing [...]
Happy New Year!
Happy New Year! As 2024 begins after a turbulent 2023 in the mortgage market we look at what’s in store for the coming year for interest rates and what steps you can take to get yourself mortgage [...]
Bank of England Base Rate Increase
The bank of England’s monetary policy committee met again yesterday, 15th December, and have increased their base interest rate by 0.5% to 3.5%, this is after increasing it in November again by 0.75%. Full notes of their meeting can be found [...]
How To Access Your Online Bank Statements
How To Access Your Online Bank Statements What is a bank statement? A bank statement tells you all of the transactions that have taken place from your bank account each month. A bank statement tells you all of [...]
How to get your Tax Year Overview from HMRC
How to get your Tax Year Overview from HMRC Step by Step Guide Head to https://www.tax.service.gov.uk/personal-account Click the Start Now button Enter login details Click Self Assessment box on the right Click view and manage your self assessment tax [...]
How To Get Your SA302 Tax Calculation
How To Get Your SA302 Tax Calculation A Step by Step Guide Head to https://www.gov.uk/sa302-tax-calculation Click the login button Enter login details Click Self Assessment box on the right Click view and manage your [...]
Will a Student Loan Affect My Chances Of a Mortgage?
Student loan repayments are considered in lenders affordability calculations in a similar way to any other personal loan or finance you may have. The repayments made to the loan are treated as committed expenditures when lenders calculate the amount [...]
Frequently Asked Mortgage Questions
What is the purpose of a mortgage? A mortgage is a loan used to purchase a property, the loan is secured against the property and the mortgage lender will have “first charge” on the property. This means that should you be [...]
Frequently Asked Variable Rate Mortgage Questions
What are the advantages of a variable rate mortgage? Some lenders offer variable-rate mortgage products with discounts off their standard variable rates and no early repayment charges. They are usually lower than fixed-rate products but have the potential to [...]
Bank of England Base Interest Rate Rises
The bank of England’s monetary policy committee met again today and have increased their base interest rate by 0.75% to 3%, this is the single largest increase in the rate since 1989. Full notes of their meeting can be [...]
Bank Of England Base Rate Increase
The Bank of England has confirmed that the base rate is now 2.25%. The base rate is an extremely important factor here in the UK as the Bank of England uses this number to control the rates of inflation. [...]
Can I Get A Mortgage If I Am Paid Through An Umbrella Company?
What Is An Umbrella Company? An umbrella company is a company that hire agency contractors who work on assignments but only work on temporary contracts. The agencies are usually found through recruitment companies. Umbrella companies have become a staple for [...]
Have You Submitted Your Tax Return?
What Is A Tax Return? A tax return is a group of forms that you are required to complete in order to prove to the government how much money you have earned in the year, along with the amount of [...]
Getting a mortgage when you have received a SEISS Grant
Self Employed Income Support Scheme If we cast our minds back to 2020, it was obviously a difficult time for everyone. But being self-employed was particularly unnerving. We didn’t know if work would still come in, but also, could [...]
Income You Can Use For A Self-Employed Mortgage
If you are self-employed and looking into getting a mortgage, one of the things that you may be wondering about is what income are you able to use to get your mortgage. First off, it depends if you're a [...]
