Frequently Asked Mortgage Questions Made Simple For You

Lenders calculate affordability by looking at your income, regular outgoings and credit history. We assess these factors first, then search the market for deals that match your budget so you understand a realistic price range before viewing properties.

Many lenders now accept deposits from 5 percent of the purchase price, though rates often improve with 10 percent or more. We will explain how different deposit levels affect interest rates, fees and your monthly payments before you commit.

Our initial conversation is always without cost or obligation. If a fee becomes payable for our advice or for arranging your mortgage, we will confirm the amount upfront, in writing, so you have complete transparency before deciding to proceed.

Agreement in Principle decisions can often be obtained the same day, provided we have the required documents. Full mortgage offers typically follow within a few weeks, but timescales vary between lenders and depend on valuation reports and legal work.

Yes, but you should first check any early-repayment charges on your current deal. We can review the terms, weigh the cost of exiting against potential savings, and advise whether switching or waiting until your product ends is more sensible.

A remortgage involves replacing your existing mortgage with a new deal, either with the same lender or a different one. Reasons include securing a better rate, raising funds for home improvements or consolidating debt, subject to affordability and advice.

Many lenders allow you to transfer, or port, your existing rate when moving home, but criteria apply. We will confirm eligibility, assess any additional borrowing required and explain how porting compares with applying for a completely new mortgage deal.

Buy-to-let mortgages usually require at least a 20-25 percent deposit, and lenders will assess the expected rental income alongside your personal finances. We can outline current criteria and help you calculate whether the figures stack up for your investment.

Mortgage protection can include life cover, critical illness insurance and income protection. The right mix depends on your household, debts and existing benefits. We will talk through each option, costs and exclusions so you can decide what feels appropriate personally.

Credit history influences the deals available but does not always mean a decline. We work with mainstream and specialist lenders, check your credit file in advance and highlight any steps to improve your profile before submitting a full application.