Buying a Home With a Gifted Deposit From a Friend
Buying a home with a gifted deposit from a friend can be possible, but lenders generally prefer gifts from relatives and may assess a friend’s…
Buy to let stress tests: how lenders assess rental income
A buy-to-let mortgage can pass on its actual rate but fail the lender’s affordability test. The buy-to-let stress-testing rules use the interest…
Retained profits mortgage affordability: how much could you borrow
Retained profits can increase the income a lender considers for a mortgage, but they are not automatically treated as your personal earnings. Some…
Building Society vs Bank Mortgage Underwriting: How Criteria Compare
A building society isn’t automatically more flexible than a high-street bank. In a building society vs high-street bank mortgage underwriting…
Bridging loan exit strategy through a residential mortgage
A bridging loan can be repaid by refinancing onto a longer-term residential mortgage, selling the property, or using another documented source of…
Borrow more on your mortgage to cover loft conversion costs
You may be able to borrow more money on an existing mortgage for a loft conversion through a further advance or by remortgaging. The amount depends…
Using a Pension Lump Sum as a Mortgage Deposit
Yes, you can use a pension tax-free lump sum as a UK mortgage deposit once you’ve accessed the money. The rules for using a pension lump sum as a…
Can remortgaging help pay for a bifold door extension?
A remortgage may help fund the cost of a home improvement such as a bifold door extension, if you can borrow more than your current mortgage balance….
£1m Mortgage Deposits and Lender Options
A £1 million buy-to-let mortgage can be possible, and the loan size alone doesn’t rule it out. In UK specialist mortgage finance, borrowing above…
Benefits accepted as income for a mortgage and which count
Yes, you can get a mortgage while receiving benefits. The benefits accepted as income for a mortgage application vary by lender, but may include…