Mortgage or Marriage – Which is more important?
OVER THE YEARS, both the average cost of a wedding and the average deposit required to buy a property have increased. As a result, this has forced some younger couples in the UK to decide which is more important to them — the dream wedding or the dream home? IS...
Five tips to improve your chances of mortgage approval as a First Time Buyer
Many first time buyers hope to make this year the year they get on the property ladder, thanks to the increasing availability of 95% mortgages. But while there are higher numbers of suitable mortgages available, there’s no guarantee you’ll be approved. To improve your...
What is the Government-backed 95% mortgage guarantee scheme
The Coronavirus (COVID-19) pandemic led to the virtual disappearance of mortgages that only required a 5% deposit. But the Chancellor, Rishi Sunak, announced on 3 March 2021 a new initiative during his Budget 2021 speech. It’s being referred to as the...
Can I get a mortgage with no deposit?
Different ways to buy your home with no deposit or a small deposit A few years ago, you would have been correct in thinking it is impossible to get a 100% mortgage. However, some lenders are beginning to find new ways to help first-time buyers. If you’re hoping to get...
What is a Decision in Principle
Before applying for a mortgage, and often before making an offer on a property, you may need a mortgage in principle called a Decision in Principle (DIP), sometimes referred to as an Agreement in Principle (AIP) or a Lending Certificate. With a Decision in Principle...