A Mortgage Now Guides
Helpful mortgage guides, updates and information from A Mortgage Now.
Why do Mortgage Lenders ask to see Bank Statements? Primarily to: Ensure no payments have been returnedEnsure any overdraft limit is not exceededSee income being banked as per wage slipsSee existing rent or mortgage payments going outSpot regular payments that have not been listed on […]
It is becoming increasingly common to gift a child or close family member funds towards their deposit on a property purchase. But what happens when there is another party involved, for example, the spouse or partner of your child? In the event of a later […]
Do you need interest-only mortgage lending? Is your property your only major asset? Are you looking to downsize your home at a later date? Would you like to save £900 a month on your cash flow?* *Example £200,000 lending over 15 years monthly mortgage payment […]
We often find that our self-employed mortgage applicants are unsure what to consider as their ‘income’ for mortgage purposes when making a mortgage application. This is not a simple question. What a self-employed applicant can consider as income will depend on the mortgage lender they’re […]
Mortgage illustration document – how to find what you need Confused by your mortgage illustration document? Can’t find the key information you need? Mortgage Figures Mortgage illustration Explanation Explanation of mortgage illustration Where can I find what I need on the ESIS Document? Product details […]
If you are buying a property from your mother or father under market value, lenders consider this is a concessionary purchase. This type of purchase is a unique scenario because no deposit funds need actually change hands. Key facts: You can buy a property from a […]
There is more than one way to increase your mortgage lending If you have a need to raise extra mortgage funds against your home, for example for home improvements or to consolidate other debt, there are a number of ways you can achieve this. Each method […]
Your right to your Statutory Credit Report If your mortgage broker believes there could be information on your credit file affecting your ability to secure a mortgage, they will ask you to obtain a copy of your credit report. What does this mean? Your broker […]
Do you need Consent to Let for your mortgage? If you live in a property and have a residential mortgage on it you should inform the lender if you intend to leave and let the property out – this is called asking for ‘consent to […]
Life Insurance and Trusts When life insurance is put in place on the life of an individual, it is designed to pay a cash lump sum on death. When a claim is successful, the insurer will allocate funds to the claim and, if there are […]
Leeds Building Society Mortgages Leeds Building Society is among the UK’s top-rated building societies offering good value and a wide range of mortgage and investment products to its members. The Society was started in 1885 when people committed to principle of mutuality came together (then […]
