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What actually happens? The mortgage underwriting process is a key part of the mortgage application process. It is when the lender assesses the applicant’s ability to repay the loan, and decides whether or not to approve the loan. It can also vary depending on the lender. However, there are some general steps that are typically involved. Affordability assessment The first step is for... Read more
The press aren't qualified mortgage advisers Well that's obvious isn't it? Yet when their fixed rate mortgage is ending, so many people still try to navigate their way through a re-mortgage without professional advice and assistance. Read the press headlines, check some mortgage rates online and switch right? WRONG. Now, more than ever when your fixed rate mortgage is ending you'll need s... Read more
Interest payments on the help to buy Government loan begin in year six at a rate of 1.75% and will increase annually. It is likely that when you took out the mortgage for your home you selected a 5 year fixed rate product. At the end of the 5 year period that mortgage product is due for renewal you will need to re-mortgage. This means switching to a new fixed rate mortgage product either with... Read more
