Jargon Buster
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What is a Gifted Deposit?
Read more: What is a Gifted Deposit?You family or friends may be willing to gift you money to help with the deposit towards purchasing a property. The lender will want to ensure this gift is not being loaned to you, and the person giving you the deposit will not retain any interest in the property. Typically a lender will want a…
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What is a deposit?
Read more: What is a deposit?A deposit is the amount of money you are using to purchase a property alongside the mortgage. A higher deposit will mean a lower loan to value which will mean you maybe able to get a lower interest rate for your mortgage
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What is an AIP?
Read more: What is an AIP?An Agreement in Principle (or Decision in Principle) is the first step towards having your new mortgage approved. You will need to confirm to the lender your income, outgoings and what you require from your mortgage. The lender will use this information to assess whether the mortgage is affordable and also complete a credit check.…
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What is a mortgage?
Read more: What is a mortgage?A mortgage is a loan that a lender secures against your property. A mortgage can be used to buy a property or re arrange existing finance.
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How to Get a Mortgage as a Freelancer or Self-Employed Buyer in the UK
Read more: How to Get a Mortgage as a Freelancer or Self-Employed Buyer in the UKFreelancers often feel uncertain about where to begin, making it crucial to understand the mortgage process from the start. This guide outlines what lenders look for and provides key strategies to improve your chances of approval.
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How Much House Can You Really Afford? A Guide to Affordability Calculations
Read more: How Much House Can You Really Afford? A Guide to Affordability CalculationsThis guide breaks down the key factors that shape affordability, helping you approach the process with confidence and clarity.
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Understanding Mortgage Interest Rates: How to Choose the Right Option for You
Read more: Understanding Mortgage Interest Rates: How to Choose the Right Option for YouThis comprehensive guide explains the different types of mortgage interest rates, how they work, and how to decide which option best suits your needs. You’ll also find helpful resources and expert advice to make an informed decision.
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How to Manage Rising Mortgage Interest Rates in the UK: Practical Strategies for Homeowners
Read more: How to Manage Rising Mortgage Interest Rates in the UK: Practical Strategies for HomeownersWhether you’re on a fixed-rate mortgage nearing the end of its term or currently paying a variable rate, this guide provides actionable strategies to help you navigate higher mortgage costs with confidence.