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Month: May 2022

Can first time buyers get a 95% mortgage?

May 31, 2022

For many people, getting on the property ladder is almost impossible without the help of a mortgage. Mortgages enable property buyers to borrow the money they need to purchase a property and pay it back in monthly instalments. However, they will need to pay a percentage of the property’s purchase price upfront in the form of a deposit.

Best Buy To Let Mortgages For Contractors: A Complete Guide

May 24, 2022

Buy to let mortgages are a good option for contractors looking to build their retirement funds. This is because rent paid by tenants can bring in additional monthly income – making buy to let mortgages a viable form of investment for UK contractors. Learning about how these mortgages work and the key factors to consider when pursuing them can make the process more straightforward.

Can I use my pension to get a mortgage

May 24, 2022

Many people ask the question: Can I use my pension to get a mortgage? The short answer is yes. But as with any other mortgage, you have to prove that you’ll be able to pay back what you borrow. This guide will show you different types of mortgages available to pensioners, how lenders assess clients for these mortgages and more.

How does a gifted deposit work?

May 19, 2022

Getting on the property ladder in the UK has never been more difficult. In fact, according to UK Finance and Which? it is predicted that mortgage lending will drop by £35bn in 2022. Mortgages enable many people who would otherwise never be able to purchase their own home to do so, provided they have enough capital to cover the initial deposit.

What is a gifted deposit and is it the right fit for me?

May 17, 2022

Whether you’re applying for a first-time mortgage or looking to upgrade to a larger property, having the biggest deposit possible will be more beneficial when finding a suitable mortgage deal. Gifted deposits are one way that mortgage applicants can increase the deposit they can offer on a property through the support of other people in their life.

Are help to buy mortgages worth it for 2022 and 2023?

May 12, 2022

Help to buy schemes can be valuable for getting first-time buyers onto the property ladder. As a government-backed option explicitly designed for new-build properties, a help to buy mortgage can provide an opportunity to buy a home sooner for individuals that fit into a specific set of criteria.

How to apply for a mortgage with help to buy

May 10, 2022

If you’re thinking about buying a new home, you may be wondering how to apply for a mortgage with help to buy. In this article, we’ll discuss what help to buy is and how you can apply for a mortgage with help to buy.

Looking for a local mortgage broker in Kent? Choose WIS!

May 5, 2022

Looking for a local mortgage broker in the Kent area? Choose WIS! We offer our customers plenty of benefits, from free initial advice and zero fees, through to UK-wide mortgage coverage and specialist mortgage advice for contractors.