Can I Get A Mortgage On Universal Credit?
Today, many individuals still aim to own a home, even if they receive benefits. At Expert Mortgage Brokers, we recognize the importance of addressing the unique challenges faced by this demographic. In this comprehensive guide, we shed light on the possibility of obtaining a mortgage while on benefits. We debunk myths and provide valuable insights. […]
Can You Add Someone To A Mortgage? A Comprehensive Guide
In this article, we explain the process of adding another person to your existing mortgage. We’ll cover the legal procedures involved, potential costs to be aware of, and alternatives you could consider if adding someone to your mortgage does not suit your needs. Can you add someone to a mortgage? The short answer is yes. […]
Can You Get A Mortgage With A Default On Your Credit?
Getting a mortgage with a default is possible, but it can be more complicated. Lenders consider it a moderately severe form of bad credit. Specialist bad credit mortgage lenders can help improve your chances of approval. Factors such as your income, deposit amount, and other credit issues are assessed. Your eligibility and options will depend […]
End Of Your Interest Only Mortgage: Options For Pay Off Your Interest
Here are two different scenarios: Let’s take a look at how our experts can help you to get out of these two situations: If your interest-only mortgage term ends soon If your interest-only mortgage is nearing the end of its term, it’s crucial to start planning ahead now so you can comfortably manage the higher […]
Can I Extend My Mortgage Term And Lower My Monthly Payments?
Extending your mortgage term is possible and won’t affect your monthly payments. However, it will increase the total interest you pay. You can extend your term up to 35 years, but only if your lender permits it. Lengthening your mortgage term: should you do it? When you take out a mortgage, you agree to make […]
Can You Sell A House With A Mortgage?
Absolutely! You can sell a house with a mortgage. Ensure the sale price exceeds the outstanding mortgage balance. Equity is key to selling a mortgaged property. Pay off the loan using sale proceeds. Selling a house with an existing mortgage When selling a house that has an outstanding mortgage, you have a few options to […]
Getting A Mortgage On An Auction Property: Things You Need To Know
Yes, getting a mortgage on an auction property is possible. However, it requires meeting tight deadlines for paying deposits and securing financing approval ahead of the sale. Auction properties also often have higher deposit requirements around 20-30%. While challenging, working with a specialist auction finance broker helps buyers secure competitive mortgage rates on their winning […]
Adding Stamp Duty To Your Mortgage: An In-Depth Pros And Cons Guide
Yes, you can, but it increases your loan-to-value ratio (LTV) and accrues interest over the mortgage term. Stamp Duty is payable within 14 days of property purchase. The First-time buyer does not need to pay stamp duty if the property price is below 425000. Stamp duty to a mortgage is an important decision that could […]
Do I Need A Solicitor To Remortgage My Property?
As mortgage experts assisting homeowners across the UK, a common question we receive is, “Do I need a solicitor to remortgage my home?” The short answer is – it depends. If you are remortgaging with your existing lender, then legal help may not be required. However, if switching to a new mortgage provider, using a […]
Everything You Need To Know About Interest Only Buy To Let Mortgages In The UK
Investing in buy-to-let properties can be a lucrative way to build wealth, but navigating the intricacies of mortgage products can be daunting. As discerning property specialists, we at Expert Mortgage Brokers understand the pivotal role mortgage selection plays in maximizing your investment success. Today, we delve into the nuanced world of buy-to-let mortgages, specifically scrutinizing […]