First-time buyers

Guide to the property surveys for home buyers.

You have found the property you love; you have the mortgage in principle and arranging the solicitors to move with the purchase of your dream home. You think all is done until you hear the dreaded question – have you arranged the property survey yet? I have heard many people struggle with the idea of actually “needing” the property survey. Why? It looks ok, they say. The property might look… Read More »Guide to the property surveys for home buyers.

Mortgages for self-employed and contractors

Are you self-employed looking for a mortgage? It might be more difficult to arrange a mortgage if you are self-employed or contracting then it is when you are employed. The lenders will want to see that you have steady income and are reliable borrower, to do so, they will require more documents. What counts as self-employed? To be classified as self-employed, you would be sole trader, contractor, CIS contractor or… Read More »Mortgages for self-employed and contractors

First Home Scheme

First Homes Scheme

The government has announced the trial of a new first-time buyer initiative called First Homes, where the new property will be available to purchase at a discount of up to 50%. First Homes is a part of the government’s affordable homes pledge and will be rolled out in England from the 28th of June, after a trial taking place in Derbyshire. What is the First Homes Scheme? The First Home… Read More »First Homes Scheme

Home buying guide

20 Things to know before buying a house

Don’t get caught, read our handy guide to buying your first house. Buying a house can be stressful and time-consuming. Below we are listing 20 things to remember while taking your exciting journey to home-ownership.  You will need money for additional costs. Have extra cash ready. Save with ISA and get a government bonus. Lenders will be checking your credit history. Your credit score is very important, but don’t worry… Read More »20 Things to know before buying a house

Mortgages during pandemic

Getting a mortgage during the Covid-19

Property and mortgages during the pandemic. I get a lot of questions from clients about the effects the pandemic and the lockdown have on the property market and mortgage applications. The property market is officially open but there are few things to remember when thinking of getting a mortgage. Many lenders have tightened their lending criteria and the changes sometimes happened with a day notice. There are significant delays in… Read More »Getting a mortgage during the Covid-19

Help to Buy

Help to Buy Scheme

Affordable home ownership – equity loan The Help to Buy Scheme allows you to first-time buyers and home-movers purchase a new-build property with as little as a 5% cash deposit. To help you arrange a mortgage, the government would lend another 20% (or 40% in London) in a form of an equity loan. The rest of the purchase price you will pay via mortgage arranged on the open market. Many lenders allow first-time buyers to arrange their… Read More »Help to Buy Scheme