Mortgages
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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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What is bridging finace?
Read more: What is bridging finace?Bridging finance is short term lending usually secured against an asset like a property. You may require bridging finance if you need quick access to funds or the property you are buying needs some renovation before being suitable for a mortgage lender to be prepared to lend on. We would need to refer you to…
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What is a Self Build mortgage?
Read more: What is a Self Build mortgage?Building your own home from scratch is the dream for many people. However financing it can be the thing of nightmares if you do not know where to go. Self build mortgages have become a niche due to lack of demand and concerns over the risk from some lenders. However have a good whole of…
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What is a a guarantor mortgage?
Read more: What is a a guarantor mortgage?Guarantor mortgages can help you buy a home even if you have no deposit or your financial circumstances may make it difficult. The guarantor will not own a share of the property or be named on the deeds they will however be responsible for paying the mortgage should you not be able to. They will…
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What is a let to buy?
Read more: What is a let to buy?A let to buy mortgage is a mortgage arranged on your current residential property so that you can rent it out and purchase a new home. Depending on your circumstances you may be able to raise money on your existing property to help fund a new purchase rather than needing to sell. There are specific…
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What is a buy to let?
Read more: What is a buy to let?A buy to let mortgage is a mortgage on a property that you plan to let out. Typically the amount being lent is calculated using the rental income the property will receive as well as the property value rather than your own personal income. There have been many changes in the buy to let market…
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What is a discount mortgage?
Read more: What is a discount mortgage?A Discount Mortgage is where a lender offers a discount on another rate, typically the SVR, for a specified time. Usually this is for 2,3 or 5 years. As this is linked to the SVR, if the SVR was to move up or down in rate, your monthly payments would also increase or decrease accordingly.
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Wharf Life Newspaper Appearance
Read more: Wharf Life Newspaper AppearanceMichael Bennison and Andrew Brown appear in Wharf Life Wharf Life newspaper recently interviewed Bennison Brown directors Andrew and Michael to gain an insight into the company values that drive their consistently high service. “Bennison Brown has taken all the good bits from our previous careers and we’ve gotten rid of the bureaucracy so we…
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How Brexit Uncertainty Is affecting House Prices and Interest Rates
Read more: How Brexit Uncertainty Is affecting House Prices and Interest RatesWhat is the latest on Brexit? As a result of the failure to find an agreement in Parliament as to the way forward, Prime Minister Theresa May has asked the European Union to give the UK further time to reach an agreement as to how we will leave the EU. The UK currently faces a…
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Competition Entry
Read more: Competition EntryResults of our five-star celebration giveaway As part of our celebration for receiving over 100 five-star reviews, we decided to give away five £100 Love2Shop gift cards. Thank you to everyone who has helped us reach this milestone. Congratulations to our five lucky winners! Richard Grove Wai Ching Mok Julia Robinson Bo Yang Jig Ramji…
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What Brexit means for homebuyers
Read more: What Brexit means for homebuyersWith all the political turmoil and uncertainty surrounding the UK’s exit from the European Union we look at the potential impact Brexit could have on house prices and interest rates.