Why Use A Mortgage Broker? Here’s 7 Reasons
When looking for a mortgage, the first thing you may think about is whether you should use a mortgage broker, or go directly to the lender. A mortgage broker is an expert who acts as an intermediary between you and the mortgage lender. Using a mortgage broker is becoming increasingly popular as the market gets more competitive and there are several advantages of using a broker.
We’ve put together a list of reasons you may want to consider using a mortgage broker.
Shared Ownership Mortgage – Is It Right For You?
A shared ownership mortgage is a government-supported scheme, designed to help you get onto the property ladder. Shared ownership gives first-time buyers or those that do not currently own a home the chance to purchase a share in a new build or resale property
How To Get A Mortgage On A Low Income
With the cost of living increasing, so are the number of people considered to be on a low income. Our money just isn’t stretching as far as it used to, so it can be difficult to look towards getting a mortgage. There is also a misconception that a full-time salary is needed to get a mortgage – we are here to tell you differently. So whether you are on a trainee’s salary, working part-time, or supplementing your income with benefits, there could still be several options for you to consider.
Mortgages: A Ticking Time Bomb
The Money Saving Expert has recently described mortgages to be ‘A ticking time bomb’ – but what does this mean? And how can you protect yourself from what’s to come? With the cost of living on the rise, Martin Lewis held a show, on Tuesday 24th May, focusing on and highlighting the ever-worsening cost of living crisis, which touched on everything from energy bills, to holiday costs, before warning mortgage holders, and those looking to get one in the near future.
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Your mortgage will be secured against your property.
Your home may be repossessed if you do not keep up repayments on your mortgage.
A fee of up to 1.95% of the mortgage amount, subject to a minimum fee of £1,295 and an overall maximum fee of £2,995 payable on completion.