Category: First Time Buyers
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APRC- What even is it and Why it’s not always relevant despite being on your mortgage illustration:
APRC, or Annual Percentage Rate of Charge, reflects the total mortgage cost over its term as a yearly percentage. However, it’s often irrelevant because most borrowers remortgage or switch deals before the full term. Its reliance on future rates, fees, and the unpredictable Standard Variable Rate can mislead consumers. Focus on short-term deals instead.
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Mortgages for Non-Standard Construction Properties in the UK: What You Need to Know
When buying a home, most people expect it to be built with traditional brick and block construction. But many properties in the UK are made using non-standard construction methods — such as timber frames, concrete panels, steel frames, or prefabricated elements. While these homes can be structurally sound and offer unique benefits, they often present…
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How We Help Clients with Adverse Credit Get Approved for Mortgages
Emily’s Mortgage Services assists individuals with adverse credit, such as missed payments and defaults, in securing mortgages. They collaborate with lenders who consider overall financial situations beyond credit scores, providing tailored solutions and expert guidance. Their aim is to facilitate homeownership and foster long-term financial growth despite past financial challenges.
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Why We Waive Our Fees for Blue Light Card Holders
Emily’s Mortgage Services simplifies home buying and remortgaging in the UK by offering transparent, low-fee services. Notably, they waive broker fees for Blue Light Card holders as a token of appreciation. Clients receive clear advice, support throughout the application process, and access to numerous mortgage options without surprise charges.
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5 Hidden Costs to Budget for When Buying a Home
Buying a property involves more than just the deposit. Many first-time buyers are caught off guard by the additional costs. Here are five to plan for: Top Tip: Budget an extra 3–5% of the property price to cover these and avoid surprises.
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Fixed vs. Variable – Which Mortgage Type Is Right for You?
When choosing a mortgage, one of the biggest decisions is whether to go with a fixed-rate or a variable (tracker or standard variable) rate mortgage. Here’s a quick breakdown to help you decide: Fixed-Rate MortgageYour interest rate stays the same for a set period—typically 2, 3, or 5 years. Variable-Rate MortgageThe interest rate can change,…
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Understanding New Build Mortgages: Essential Insights
Are you considering purchasing a new build property in the UK? Whether you’re a first-time buyer or an experienced homeowner, securing a mortgage for a newly built home comes with its own set of rules and considerations. Here’s a comprehensive guide to help you understand the process. Understanding New Build Mortgages A new build mortgage…
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How to Choose the Right Conveyancer When Buying a Home
What is a Conveyancer? If you’re buying or selling a property in the UK, you’ll need a conveyancer—a legal professional who handles all the legal work and paperwork involved in transferring property ownership. This includes: You can use a licensed conveyancer or a solicitor who specialises in property law. Both are qualified to handle the…
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