Can You Get a Mortgage with an IVA?
An Individual Voluntary Arrangement (IVA) is an insolvency solution which helps individuals to avoid bankruptcy. It is a formal and legally binding agreement between debtors and creditors, usually managed by an insolvency practitioner, which sets monthly payments to be made until the debt is settled. Creditors cannot take any further action once an IVA is […]
What Stops You Getting a Mortgage?
Securing a mortgage may not always be a straightforward process; many factors will impact your eligibility, from credit scores to employment history and even issues with the property itself. Making a mortgage application involves time, energy and often expense too, so if you are turned down it is both frustrating and disappointing. A fuller understanding […]
Can You Get a Mortgage on a Zero Hour Contract?
Many working people in the UK today find themselves on what is called a ‘zero hour contract’. This does not necessarily mean they work fewer hours. Research suggests many still work a standard 40-hour week or even longer.
How to Buy Someone out of a House
Buying a spouse, friend, partner or relative out of a house where you have a joint mortgage can be a difficult step. A mortgage buyout is most likely due to a divorce or separation of property owners, or even a shared inheritance.
How to Get a Copy of My EPC Certificate?
Most homes today need an Energy Performance Certificate EPC. If you’re planning on selling or renting out your buy-to-let property, then since 2008 an EPC has been a legal requirement to confirm a property’s energy efficiency.
Do You Need a Solicitor to Remortgage?
When changing your lender, a conveyancing solicitor will be required to manage the legal aspects of the remortgaging process. However, if your new deal is simply a retention product, often referred to as a ‘product transfer’, then there will be no need to instruct a Solicitor so long as the registered owners of the property […]
What are the Stages of the Mortgage Application Process?
The mortgage process is a challenging time and will probably be the biggest financial commitment you will ever make. For most people, especially first-time buyers, the entire process can seem both intimidating and stressful. It doesn’t need to be so. Partnering with a professional mortgage advisor will provide you with clarity on what to expect, […]
What is a Mortgage Illustration?
A mortgage illustration is supplied to you, as a prospective borrower, by your mortgage broker, and will cover in detail all the costs involved in the type of mortgage you intend to apply for. It is part of the mortgage process and will include all the key details about the mortgage, providing you with a […]
