Guide-To-Getting-A-Mortgage-While-Self-Employed

High street lenders tend not to offer mortgages to the self-employed, contractors and freelancers without considerable paperwork and delay, so finding the right mortgage lender for your circumstances can be daunting. Our guide to getting a mortgage while self-employed will provide insight into the differences and solutions available. Increasing Application Success There are around 4.8

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Tips-On-Remortgaging-Your-Property

Remortgaging is the process of paying off what you currently have left on your property’s existing mortgage with a new mortgage. The benefits of remortgaging can be reducing your monthly payments, securing a better interest rate and shortening the time it will take to pay back. It can also be a good option if you

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The loan to value ratio, or LTV, of a mortgage, is based on much money you need to borrow to afford a property. For example, if you’d like to buy a £200,000 home, and you need to borrow £180,000 to make that possible, then the mortgage would have an LTV of 90%. (£180,000 is 90%

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Variable rate

What is a variable rate mortgage and should i get one? Variable-rate mortgages, as the name suggests, have interest rates that are variable: they can move up or down and usually do so in line with the UK economy and the Bank of England’s base interest rate (currently 0.75%). There are three main types of

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Fixed rate

With fixed-rate mortgages, your monthly repayments are guaranteed to stay the same for a set period of time. This enables you to budget and plan your finances. What is a fixed-rate mortgage? A fixed-rate mortgage offers a fixed interest rate for a certain period, usually two, three, five or 10 years. The alternative to a

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In general, you should start looking for a new mortgage around three months before the end of your current mortgage’s promotional deal. For example, if you have a three-year fixed rate mortgage, you should start shopping around when you’re 33 months into the 36-month promotional period. When a lender offers you a mortgage, you usually

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Should I remortgage?

Some reasons you might want to remortgage Remortgaging is the process of getting a new mortgage on your existing property either with your current or a new lender. More often than not, the main reason to remortgage is to save yourself some money, but it’s not the only one. Why should I remortgage? Your current

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A mortgage is a type of long-term loan that most people need in order to buy a property. You borrow the money from a lender – usually a high-street bank or building society – and then pay it back (plus interest!) over a period of time (usually 25 to 30 years). To get a mortgage,

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DO I NEED TO USE A MORTGAGE BROKER? If you’re looking for a mortgage, you might be wondering whether or not you should talk to a mortgage broker or go directly to the lender. These days, brokers do more than simply churn out a list of available mortgages for a hefty fee, so it could

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Buying a home is one of the biggest financial transactions you’ll ever make, and on top of the price of the property there are a wide range of associated costs both before and after completion. The costs of buying a house The absolute first cost of buying a home is the deposit. If you’re a first-time

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