If you are on the hunt for your first home or maybe looking to relocate, you’ve likely heard the term “shared ownership.” So, what is shared ownership? Definition Shared ownership is where the property is owned by more than one party, usually a housing association and the buyer. It is a government-backed scheme. started in […]
Author: mortgage-guide.co.uk
How to Get a New Buy to Let Mortgage
A buy to let mortgage is a mortgage taken out on a property by a person or a company that plans to use the property to produce an income.
Getting a Mortgage as a Foreign National in the UK
Moving to the UK can be an exciting process, living in a new city, meeting new people, and starting a new life. However, with average rents increasing to £1,386 (a 7.8% rise) in England over the past 12 months, many are eager to get on the property ladder as soon as possible. So, how do […]
Self-employed mortgage – all you need to know
If you work for yourself, you are deemed self-employed, meaning you will require a self-employed mortgage. You may have wondered how this affects getting a mortgage, whether you can get one, and how to go about it. In this article, we’ve answered some common myths and provided tips to hopefully help the self-employed on their […]
What is an Interest-Only Mortgage? Benefits and Drawbacks Explained
An interest-only mortgage is a type of mortgage in which you only pay the interest.
Home Mover Guide – Everything You Need to Know
If you currently own a property, but are maybe looking to upsize, downsize, or simply just move location, you are deemed a home mover.
Benefits of Being a First-Time Buyer in the UK
If you’ve never bought a property and are planning to do so, you’ve probably heard someone call you a first-time buyer. So, what is a first-time buyer?
What Is a Buy-to-Let Mortgage? A Simple Guide for Beginners
If you’re looking to buy a property to rent out, or you know someone who is, you may have heard a buy-to-let mortgage or the abbreviation ‘BTL’.
Complete List of Mortgage Lenders in the UK
Discover our full list of mortgage lenders in the UK—find out who they are, what they offer, and how they could help with your next home or remortgage.
Caught Renting on a Residential Mortgage: What You Need to Know
In the UK, residential mortgages are intended for homeowners who plan to live in the property they purchase. If you are caught renting on a residential mortgage, there could be serious consequence. What Is a Residential Mortgage? A residential mortgage is a loan given by either a building society, a bank or a homeloan company, […]
