General
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How long is a mortgage term?
Read more: How long is a mortgage term?The right mortgage term for you depends on your individual circumstances. Mortgage terms can vary between 5 – 40 years, although the majority of lenders will want the mortgage to be repaid before retirement and usually by a specific age, such as 75. The shorter the mortgage term, the less interest you will pay in…
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How much can I borrow?
Read more: How much can I borrow?There are a number of factors that determine how much a lender will lend. These include, but not limited to, your income, credit commitments, housing costs, dependant adults or children, the size of deposit or equity available & the mortgage term.
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Whole of Market vs. Tied advice?
Read more: Whole of Market vs. Tied advice?Some mortgage brokers, like ourselves, offer advice from the whole of the market. A tied advisor will only offer advice from a select number of lenders. This may mean you do not get access to the best products or miss out on the right mortgage for you by using a tied advisor.
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Where can I get a mortgage from?
Read more: Where can I get a mortgage from?You can get a mortgage from a bank, building society or a specialist mortgage lender. You can apply direct to these companies or you can use a broker. A broker will advise you on the right deal for you as well as assisting in the application stage.
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Can I still get a mortgage with bad credit?
Read more: Can I still get a mortgage with bad credit?If you have bad credit, you can still get a mortgage. A poor credit history doesn’t automatically rule you out of getting on the property ladder, but it can limit the lenders and deals open to you. It’s not just your credit score that counts. Your options will likely depend on the type of credit…
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What am I entitled to as a first-time buyer?
Read more: What am I entitled to as a first-time buyer?Buying your first home can be nerve-racking if you’ve spent years saving a deposit while watching house prices and mortgage rates rocket. If you’re wondering whether you’ve got enough to make it work, it can be reassuring to know what support is available to first-time buyers. As an eligible first-time buyer, you may be entitled…
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How do you choose the right mortgage as a first-time buyer?
Read more: How do you choose the right mortgage as a first-time buyer?If you’ve spent an evening flicking between mortgage comparison websites and ended up with more questions than answers, you’re not alone. This is one of the most common experiences first-time buyers describe when they come to us. The numbers look similar on the surface, and yet somehow each one feels like a different puzzle. The…
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Buying your first home in London
Read more: Buying your first home in LondonWhat can you afford, and where should you buy? Where to start as a first-time buyer in London Knowing where to start can be the hardest part of buying your first home in London. Prices are high, competition is real, and the process involves more steps (and more costs) than most people expect. If you’ve…