Mortgages
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What is shared ownership?
Read more: What is shared ownership?Shared ownership schemes are a mix of buying and renting. You buy part of the property and rent the other part at a reduced rate. Anyone is eligible for shared ownership providing household income is below £80,000 (£90,000 in London) Once you have bought your initial share you will have an option to buy a…
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What is the Help to Buy scheme?
Read more: What is the Help to Buy scheme?With a Help to Buy Equity Loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest. With London Help to Buy the equity loan can increase up to 40%. You won’t be…
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What is a Help to Buy ISA?
Read more: What is a Help to Buy ISA?A Help to Buy ISA is a type of ISA designed to help first time buyers save for their first home. You will receive a 25% bonus on your saving when you use the money to purchase a property, up to a maximum of £3000. The accounts are per person rather than household, the maximum…
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How much deposit do I need?
Read more: How much deposit do I need?Typically the minimum deposit required is 5%. There are a select few 100% options that you could be eligible for from various lenders. The larger deposit you have available the better the interest rate will be available for you. Lenders also see customers with larger deposits to be less risky and may be willing to…
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What will a solicitor cost?
Read more: What will a solicitor cost?To help with the purchase of a property you will need a solicitor their fees will vary from around £800 – £2500 and again can be higher depending on the work required. If you are remortgaging many lenders will cover the cost of the legal work required for you. Once you have bought the property…
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How much will it cost to value my property?
Read more: How much will it cost to value my property?The majority of lenders do not charge to value your property if you are remortgaging and some may also offer a free valuation when purchasing. For those who do charge the fees will be linked to the value of the property and can usually range from £100 – £2,000.
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Do I have to pay all the fees upfront?
Read more: Do I have to pay all the fees upfront?Some mortgage lenders will allow you to add certain fees to the mortgage, typically this is usually the application fee for the mortgage.
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How much will the mortgage lender charge to apply?
Read more: How much will the mortgage lender charge to apply?This varies, but typically a lender will charge a product fee for the mortgage these can range from £0 – £2,000 but can be higher. We disclose all costs before applying for your mortgage.
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What fees will I have to pay to Bennison Brown?
Read more: What fees will I have to pay to Bennison Brown?We charge a £150 application fee, payable once your mortgage application is ready to be submitted. We typically charge a broker fee of £520 on receipt of a mortgage offer. The broker fee can vary depending on circumstances. We will disclose all costs to you before submitting an application so you are fully aware of…
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What happens at the end of my mortgage deal?
Read more: What happens at the end of my mortgage deal?Typically at the end of your initial mortgage deal with a lender you will move on to their Standard Variable Rate. This may mean you are not on the most competitive deal, you may find your monthly payments suddenly increase. Variable rates may increase, making your monthly payment more expensive, however you can move onto…
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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…
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Government Schemes That Can Help You Buy Your First Home
Read more: Government Schemes That Can Help You Buy Your First HomeWhether you’re struggling to save a deposit or need help finding affordable housing, these 2025 schemes could help turn your homeownership dream into a reality.
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Should You Buy or Rent in the Current UK Housing Market?
Read more: Should You Buy or Rent in the Current UK Housing Market?This guide breaks down the pros and cons of buying and renting, along with the key factors to consider, helping you make a well-informed decision in today’s housing market.