A mortgage is a type of loan designed to assist in purchasing a house. When applying, you provide a deposit which is a percentage of the property's cost. The remaining amount required for your new home is financed through the mortgage, which you borrow from a bank or building society.

Independent mortgage advisers possess extensive knowledge about mortgages offered by various lenders. They can conduct a market search on your behalf and suggest the most favourable deal. Discovering such deals independently requires significant research and multiple discussions with various lenders to understand your circumstances. Moreover, an adviser may uncover deals that you might overlook on your own. Additionally, they can enhance your likelihood of mortgage approval by identifying lenders that align best with your specific circumstances

Initiating your mortgage application before embarking on house-hunting allows you to determine your borrowing capacity. This enables you to concentrate your search on properties within your budget. Being financially prepared not only provides a head start over other potential buyers but also helps avoid issues or delays when purchasing your new home.

Determining mortgage eligibility involves considering various factors such as the deposit size, credit score, income, and monthly expenditures. Each lender sets its own criteria, making the process complex.

The amount depends on your income, creditworthiness, and the lender's criteria. Mortgage calculators can provide estimates.

The typical minimum deposit is 5%, but a larger deposit can lead to better mortgage terms. We at times have access to 100% mortgages depending on your circumstances. Your eligibility for this type of mortgage will be discussed on your initial appointment but often these are available for tenants, people buying from family or local authority housing.

LTV is the ratio of the mortgage amount to the property's value. A lower LTV often results in better mortgage rates.

A mortgage broker helps find and apply for loans from different lenders, while a lender provides the funds for the mortgage.

Many mortgages allow overpayments, but terms vary. Check with your lender about their policy.

These are a conditional offer from a lender indicating how much they may be willing to lend based on initial information. They are not a guarantee of mortgage lending.

Stamp Duty is a tax on property transactions. The amount varies based on the property's value and whether it's your primary residence.

Missing payments can lead to late fees and affect your credit score. It's crucial to contact your lender if you're facing financial difficulties.

Yes, many people remortgage to secure a lower interest rate, switch from a variable to a fixed rate, or release equity.

It's insurance that covers mortgage payments in case of unforeseen circumstances like illness, unemployment, or death.

Changes in the base rate can impact mortgage interest rates. A lower base rate might lead to lower mortgage rates and vice versa.