Category: Moving Home

When you’re looking to buy a home, knowing how much of your salary should go towards the purchase is important. The amount of money you should spend on your mortgage depends on several factors, including your income, mortgage size and term. Other important expenses such as saving for retirement further add to the importance of answering this question.

One requirement to ensure your financial safety is to look for a mortgage whose payments won’t drastically alter your lifestyle. While most people struggle to find a good mortgage, those with a high net worth can often access any mortgage they want. However, having access to all mortgages doesn’t mean all of them are suitable for your needs.

It’s the question that seems to follow every first-time homebuyer: “What will my mortgage payment be?” Your mortgage payment is the sum of principal and interest payments due each month. Some also call this your PITI payment (Principal, Interest, Taxes, Insurance). Several factors determine your mortgage payment, and we’ll explain them in this guide.

With more and more properties being valued at over a million pounds across the country, buyers, more frequently, are needing to know how to get a million-pound mortgage. They are far more commonplace than they once were – no longer the domain of private banks alone.

We often get asked, “can I get a mortgage with debt?” The answer is, maybe! The kind of debt you have, how much you owe, and how long you’ve had it all factor into whether or not your debt will hurt your loan eligibility. In this article, we’ll discuss the factors that can make or break your chances of getting a mortgage when you have debt.

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.

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.