Category: First Time Buyers
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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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The Ultimate Guide to Buying a Shared Ownership Property in the UK
What is Shared Ownership in the UK? Shared ownership is a government-backed scheme that helps first-time buyers and those with lower incomes get a foot on the property ladder. It allows you to buy a share of a home (usually between 10% and 75%) and pay subsidised rent on the remaining portion, which is owned…
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Essential Tips for First-Time Homebuyers: What Not to Do
When buying your first home, avoid taking out new loans or credit cards before your mortgage application, as it can damage your credit. Don’t rely solely on online calculators; seek professional advice for accurate estimates. Lastly, explore options beyond your current bank for better opportunities. Get guidance to enhance your mortgage readiness.
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Case Study- Adverse Credit
We love to help clients that have been turned away by other brokers or lenders and this week, we had another one! This week, the clients we helped were based in Scotland and they had their mortgage declined by Nationwide due to some minor adverse credit. So…what’s the problem they faced? Broker number one placed…
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Complex Income? We Make It Simple!
Understanding Complex Income and Mortgages: What You Need to KnowAre you self-employed, a freelancer, or earning from multiple income streams? Getting a mortgage with complex income doesn’t have to be complicated! Here’s how it works: What is Complex Income?Lenders see “complex income” as anything beyond a straightforward salary. This could include: 1.Self-employment earnings2.Bonuses or commissions3.Dividends…
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