Best Mortgage Deals
From the monthly archives:
After finding out how much you can borrow you now need to View Suitable Properties
There are three things that are important when selecting your new property – LOCATION, LOCATION, LOCATION.
Go for the worst property in the best area, rather than the best property in the worst area. Why?, you’ll find it easier to sell, when [...]
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With the 3 month rate of house price reductions slowing and prices having fallen back to those seen in mid 2005, you could be forgiven for thinking that the falls in house prices are over, but you’d be wrong.
Even though affordability levels have fallen to more normal levels would be buyers and in particular first [...]
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Perhaps this page should be called “the house buying process explained – of which the mortgage process is a significant part”, but that’s a bit of an unweildy title, anyway, here it is:
Decide on the maximum purchase price that you can afford
View suitable properties
Bid on suitable properties
Have an offer accepted
Complete mortgage application
Obtain mortgage offer
Appoint a [...]
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Income multiples are a simple way for a mortgage lender, and you, to calculate how much can be borrowed.
For many years this was a pretty much universal 3x gross (before tax and national insurance are deducted) income. In the case of two, usually married applicants, it was 3x the higher income, plus 1x the lower [...]
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Welcome to the mortgage blog. This blog is written and maintained by an active UK Mortgage Broker and I’m going to give you every piece of information possible to make the best choice for your mortgage or re-mortgage.
The uk mortgage and property market (for that’s what it is) changed massively in 2008 and will undergo [...]
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