So the decision to buy a home the first time is often easier than deciding to move once you’re already on the property ladder. But these tips will help you to understand if you need to move, things to think about when selling and the cost implications (and ways to save)! Save £££s when upsizing:…
The Bank of Mum and Dad – How to help your child buy a home Homebuyers, be it first-timers or upsizers, are increasingly looking to the Bank of Mum and Dad for help. According to the Financial Times, in 2020, gifts from parents, grandparents, friends and relatives were behind more than half (yes half!!) of…
Here at Mortigo, we deal with first-time buyers daily. And as homeowners ourselves with mortgages (obvs), we’ve decided to jot down the advice we wish we had known before starting our process. Get your mortgage application in early It seems idyllic, strolling around houses that you might want to buy, doesn’t it? But in this…
Lenders seek one thing above all else in the people they lend money to: stability. A person with a stable job, stable income and stable home life is more likely to be approved for a mortgage than someone who changes jobs every year and sees his or her income fluctuate. Also, if you’re a single…
If you are hoping to buy a house but have recently changed jobs it could throw a wrench into your plans. “Could”, however, doesn’t necessarily mean it will. Only that you can’t assume everything will be fine. Below we’ll explain the process of getting a mortgage with a new job. Is Getting a Mortgage With…
When they hear the word “mortgage” most people understandably think of a huge loan secured from a bank for the purposes of buying a home. But what if you already went through that process, completely paid off your mortgage and own your home outright? What are your options when it comes to mortgaging a house…
Because interest rates these days are so low compared to where they were 20 years ago, the incentive to pay off a mortgage faster is not as strong today as it was then. But there are still plenty of benefits in crawling out from under a mortgage early. The question though, is how do you…
Getting a mortgage is not as simple as choosing a lender and signing on the dotted line. There are any number of things you need to be mindful of that could torpedo your application. Read the following tips for getting approved for a mortgage in order to give yourself the best possible chance. CLEAR UP…