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Buying a home is a huge, life-changing decision to make, and it’s not uncommon to get a little nervous about the process. Unless you’re just going to pay for it out of pocket, you’ll need to take out a loan to help finance the purchase of your new home.

Mortgages, by their very nature, are interest-bearing products. This means that according to the Islamic faith they are considered haram, an Arabic term meaning forbidden. As a result, many people believe that any kind of mortgage should be considered haram according to Muslim teaching.

It’s never easy thinking about the potential death of a loved one, and for that reason, many of us put off making a will or discussing financial arrangements.

If you’re planning to purchase a property, you may have come across the terms ‘decision in principle’ (DIP) or ‘mortgage in principle’ (MIP). A DIP could help you make important decisions about your financial future and help you convince estate agents that your offers are realistic.

For many people who aspire to own their own home, taking out a mortgage is a much more realistic prospect than purchasing a property outright. However, taking out a mortgage requires borrowers to satisfy the criteria lenders set.

If you have plans to purchase a home, understanding the ins and outs of mortgages can be invaluable. With the right insight and preparation, you don’t have to wonder ‘what will I need to get a mortgage?’

Buying a home can be intimidating, especially for first time buyers new to the process. There is a lot that can go wrong, including problems found during the survey, your offer being rejected or your mortgage application being refused.

Homeowners looking to move home or remortgage their existing property will need to arrange finance to cover the cost. For most people, this means applying for a mortgage. But how do you know if you’ll be approved?

Following the demise of self-certification mortgages in 2008, many contractors mistakenly believe they will no longer be approved for a loan. So, it’s no surprise that ‘Can I get a mortgage as a contractor?’ is one of the most common questions we get asked.

When you apply for a mortgage, whether it’s for your first time or your fifth, being prepared is the best position to start from. Understanding the answer to ‘what do you need for a mortgage?