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If you want a mortgage but have credit card debt, you're not alone. In fact, the average credit card debt in July 2023 averaged £2,376 per household in the UK. Many lenders also know how widespread debt is, so it shouldn't stop you from getting a mortgage.
In this guide, we'll explain what you can do to improve your application...
If you want to buy a commercial property to run your own business or for investment, you'll need a commercial mortgage. Regular mortgages such as buy to let won't be suitable. Furthermore, there are differences in how commercial mortgages work.
This guide will explain how you can get a commercial mortgage and what to do to improve your mortgage application....
If you work for the NHS, getting a mortgage can be straightforward, and you may even be able to borrow more than usual. This is because some mortgage lenders offer discounts to key workers, such as those employed by the NHS.
The UK's biggest employer is the NHS, with almost 2 million employees, and as you can imagine, each mortgage...
Religious values can affect the type of mortgage you'll need. Islam forbids both paying and receiving interest. So, Muslims who want to comply with Sharia law can get an Islamic mortgage, as it offers a halal way of buying a home.
What is an Islamic mortgage?
An Islamic mortgage is a mortgage that complies with Sharia law. They differ from traditional...
Often referred to as a JBSP mortgage, a joint borrower sole proprietor mortgage can help first-time buyers get on the property ladder. Homebuyers can get help in other ways, such as guarantors or gifted deposits, but a joint borrower sole proprietor mortgage works in a completely different way.
Maybe you can't get a mortgage because of credit issues or your...
This guide will explain how you can apply for a mortgage on benefits. Whether your benefits are paid as a top-up to your salary, or you solely rely on benefits, we’ll discuss the options available to you.
Claiming benefits isn't something that should stop you from considering a mortgage. Nonetheless, you'll still need a careful approach as not every lender...
Applying for a mortgage on a property with a deed of covenant is far from straightforward. This is because there may be restrictive terms due to the covenant.
Although mortgage lenders accept properties that have covenants, they’ll still require details of what the covenant entails. For this reason, mortgages with restrictive covenants are assessed on a case-by-case basis.
This is because...
Use our bad credit mortgage calculator to check how much you can borrow for a mortgage.
How will my mortgage be calculated if I have bad credit?
Mortgage lenders will carry out a credit check before submitting your mortgage application. Depending on your credit issues, lenders will either decline the application or base the loan amount on your credit problems.
Our mortgage...
Mortgage UpdateThe Help to Buy equity loan scheme is no longer open to new applications. You can still use the calculator if you're remortgaging your Help to Buy home.
Why does Help to Buy depend on my location?
A Help to Buy equity loan is a government scheme that can help you to buy a new-build property. The location of your...
Use our self-employed mortgage calculator to check how much you can borrow for a mortgage.
How will my mortgage be calculated if I'm self-employed?
If you're self-employed, lenders will typically use the figures you've submitted in your tax returns or company accounts. They'll then base your loan amount on the income you've declared. Furthermore, the type of self-employment you have will...