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How to Apply for a Mortgage and Understanding the Process

Lenders will look at your track record of paying back loans by reviewing your credit history. This will contain details of all your past loans including credit cards, … See more

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URL: https://www.onlinemortgageadvisor.co.uk/mortgage-application/a-guide-to-mortgage-applications/

What Is A Lifetime Mortgage

WEBThe main advantage of a lifetime mortgage is that you get to release equity without having to move house, a huge benefit if you’ve spent your working life paying off …

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NHS Mortgages: Schemes, Discounts & Best Deals

WEBFrom paediatric nurses to porters, radiographers to surgeons, the NHS employs over 1.5 million people in the UK and many wonder whether or not working for …

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Equity Release and the Alternatives

WEBMinimum equity release amounts. Some lenders will only approve an equity release application if the deal is worth a certain amount. There’s no set limit that applies …

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Buying a House & Getting a Mortgage on Disability Benefits

WEBYes, if you claim disability benefits you can still be approved for a mortgage. But be prepared. The process is unlikely to be straightforward. Anti-discrimination laws …

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How to Get the Best Mortgage as a Doctor

WEBThat’s where we come in. We make the process simple by matching you up with the advisor who’s perfect for your needs. Just tell us a few details and we’ll do the …

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What You Need To Prove Your Income For A Mortgage

WEBIf it makes up a large part of your income, a year or two’s P60’s may be required to prove it’s sustainable. Pension. Usually 100%. Annual pension statements, …

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What Makes a House Uninhabitable for a Mortgage

WEBEach lender has its own definition of what makes a habitable kitchen. But, the general consensus is that it must have running water, a functional sink, and the …

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Getting A Mortgage On A Pension

WEBIf you’re interested in using your pension to take out a mortgage and would like to speak to an expert about your options, you can make an enquiry or call us on …

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Getting A Mortgage For A Property In France

WEBGetting a mortgage in France can be straightforward with this step-by-step approach. Step 1: Step 2: Step 3: Get an agreement in principle. Just like in the UK, you …

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Getting An Overseas Mortgage For Buying Property Abroad

WEBWe offer a free, broker-matching service. This means we’ll quickly assess your international mortgage needs and then introduce you to a specialist broker that can …

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How to Get a Buy-To-Let Mortgage Overseas

WEBAt an exchange rate of €1.18 to the pound, your purchase price is £118,644. If the rate exchange goes down to €1.16 to the pound between you agreeing on the …

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Questions your mortgage lender will ask you

WEBEight questions your mortgage lender will ask – and why. The mortgage application process can often feel a little invasive. Sharing the innermost details of your …

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Funding For Care Home Mortgages

WEBAllica Bank offers specialist commercial mortgages for care homes from £500,000 to £10m for experienced operators or £5m for first-time care home operators. …

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Visa Requirements For Mortgages In The UK

WEBYour credit footprint must be clean. Affordability checks may be stricter and minimum income requirements higher – often at least £75,000. You’ll likely need to …

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Equity Release Age Limits & Alternative Options For Under 55s

WEBYour age will impact the percentage of equity you can release: From 55 you can release a maximum of 27%. From 65 you can release a maximum of 40%. From 75 …

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How Redundancy Affects Mortgage Applications

WEBThe lender has the right to withdraw a mortgage application right up to completion, and the chances of them doing that are likely to be high if you have a …

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Mortgage Schemes for Key Workers

WEBFirst Homes. This scheme replaced the Key Worker Programme, which ended in 2019. It is aimed at first-time buyers and key workers, with the intention of …

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Mortgage Redundancy Cover

WEBThe answer is yes, you can get protection to cover your mortgage in case of redundancy, though the policy will depend on what you want covered and your personal …

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