Are you dreaming of owning your own home in the UK? From credit scores to employment history, we’ve covered nine potential hurdles standing between you and approval from a mortgage lender. Poor Credit Score A poor credit report is one of the main things that can stop you from getting a mortgage in the UK.…
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Applying for a mortgage is an exciting time in your life, but it can also be a daunting experience.
According to the Office for National Statistics (ONS), an estimated 1.1 million people in the UK were on zero-hours contracts as their main job from October 2021 to the end of September 2022. This equates to an average of 3.2% of all employment in the UK.
At Millennium Mortgages, “What is a mortgage illustration?” is something we get asked all the time. A mortgage illustration outlines all the details of a mortgage and is something your mortgage advisor will talk through with you after they have looked into what options are available. Your mortgage broker will do this prior to submitting…
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If you’re considering a remortgage, you might not realise that in most instances you will need a solicitor. What does remortgaging mean? Remortgaging is when you swap the existing mortgage on your current property from your current deal and existing lender to another mortgage deal with a different lender. Switching to a different rate with…
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Are you considering remortgaging? Many individuals tend to ignore this option until their current lender reminds them. But, were you aware that you can remortgage earlier than expected?
Before a mortgage application is accepted, mortgage lenders often need to see your bank statements. This is in order to gain an understanding of your spending habits and current financial situation.
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