Category: Mortgages

How does refinancing work and when should you refinance? Refinancing is when you take out a new mortgage to replace your existing one. The first loan is paid off, allowing the second loan to be produced, this is done to allow you to obtain a better interest rate and ideally reduce monthly payments. The mortgage refinancing…

Mortgages can be very confusing things! The mortgage market in the UK is very competitive and there are a number of different types of mortgage product out there to choose from. I have outlined below some of the most popular options, with some pros and cons. Fixed Rate: The interest rate will remain the same,…

Providers pretty much require the same information on a mortgage application, however each application form differs in layout and questions asked. Here is a brief summary of what is typically asked on a general mortgage application form Residential Mortgage   Loan Requirements Type of loan Amount required Repayment type Type of loan – purchase, remortgage,…

Required Mortgage Documents Applying for a mortgage can be rather daunting whether this be a first mortgage or a re-mortgage. Below is a summary of the main documents which most providers require for a typical mortgage. Signed mortgage application and declaration Your mortgage adviser will usually submit the application online, however the provider will require…