Your income is the predominant factor which determines how much a bank will lend to you. Evidencing income through the appropriate documentation is vital to ensure the lender will use the necessary income figures for the mortgage affordability calculations. In most...
Interest rates are going up. Last December the Bank of England raised the base rate for the first time in over three years from 0.1% up to 0.25%. Last week saw a further rise from 0.25% up to 0.5% and more interest rate rises are set to follow later this year. While...
A couple of weeks ago we ran a blog on how the content of your credit report is of much greater importance than a credit score. In this week’s blog, we want to look at how mortgage lenders use the information contained within the credit report to assess applications...
In the UK, the average age of a first time buyer is over 30. With the cost of living constantly rising, saving for a deposit is becoming increasingly difficult. On top of this, house price inflation is running at over 10% putting home ownership further out of reach...
One of the biggest misconceptions around mortgages is the importance of your credit score. The content of your credit report is of much greater consequence than a simplified credit score, which cannot quantify the full picture of your credit history. There are four...
Price walking is the practice by which existing home insurance customers are offered higher relative premiums compared to new customers. Sounds unfair? Well, that’s why it’s changed! Following a study of pricing in the General Insurance market in late 2020, the...
