Page 4 of 8 - Mortgages

Rachel Lacey

Getting a mortgage as a student – often called a buy-for-uni mortgage –could be an option iIf you are at university and would prefer not to rent. However, the criteria for a student mortgage is quite strict and you will usually need financial backing from your family to get one.

Anthony Beachey

A tenants in common mortgage enables two or more people to purchase a property together while each owning a share. This split doesn’t have to be equal and these shares can be sold without the approval of other parties. Find out more about how this agreement works and some of the pros and cons.

Anthony Beachey

A joint borrower sole proprietor mortgage, or JBSP mortgage, means parents or others can help you get onto the property ladder. You will still own the property, but up to four people can support you with mortgage repayments, which can help you meet affordability criteria. Read on to find out more.

Anthony Beachey

If you’re a first-time buyer or have a smaller deposit and are struggling to buy your first home, a shared equity mortgage means you can apply for a smaller mortgage amount by securing a loan to top up you deposit. Read on to find out how these loans work and how you could benefit from one.

John Fitzsimons

Parents can transfer ownership of a property in the form of a gift or by transferring equity in the property. Read on to discover the different types of ways to transfer a property.

John Fitzsimons

Porting a mortgage is when you transfer your existing mortgage deal when you move to a new home, instead of taking out a new mortgage. Here’s how to do it and what to consider.

John Fitzsimons

With so many things to think about, it can be hard to know where to start when you decide to sell your home. Here, we share some top tips for selling your home, from finding an estate agent and a conveyancer, to improving your home’s kerb appeal.

Jeff Salway

Landlord home insurance helps protect against financial losses for any damage to a rental property. We review if you need landlord insurance, what it covers and how much insurance you need.

Rhiannon Philps

Taking out a loan secured against your house is one option if you need to borrow money. Read on to see if you could be eligible for these secured loans and if they’re the right choice for you.

Tim Leonard

Property investment funds are a simple way to gain exposure to bricks and mortar, but rental properties and property development could be alternatives if your finances allow. Read on to learn how you could invest in property, and which option might be right for you.

John Fitzsimons

Mortgage interest can be charged in two ways: through a fixed rate, where the interest rate remains the same for a certain period of time, or a variable rate, where the interest rate can change, and move both up or down at your lender’s discretion or in line with the Bank of England base rate.

John Fitzsimons

Most home buyers in the UK have two main options when choosing a property: it will usually be offered freehold or leasehold. With freehold, you will own the property and land. With leasehold, you’ll own the property for a fixed period of time but not the land it is built on.

John Fitzsimons

There are two ways interest can be charged on your loan. With an interest-only mortgage, your monthly payments only cover the interest charged on your loan. With a repayment mortgage, your monthly payments also go towards the initial sum you borrowed.

John Fitzsimons

If you are a homeowner with an existing mortgage, you can tap into your home's equity through remortgage, where you switch from one mortgage deal to another. Older borrowers can also opt for an equity release plan and borrow against a portion of their property's equity.

Rebecca Goodman

A county court judgment (CCJ) is issued if you’ve been unable to pay a debt back and while it can make it harder to take out loans in the future, it’s not impossible to get a mortgage with a CCJ.

Rebecca Goodman

Mortgage defaults occur when you fail to make a series of repayments on your mortgage. Not only can this have a severe impact on your credit rating and limit your potential to borrow in the future, but, in a worst-case scenario, it could cost you your home.

Rebecca Goodman

It’s possible but difficult. Your mortgage options will be limited after an Individual Voluntary Arrangement, debt management plan or bankruptcy.

Tim Leonard

Buying a home is rarely easy, but with a shared ownership mortgage getting a home loan might be more affordable. You’ll only own a share of the home at the start, and will need to pay some rent at the same time, but you will have the chance to ‘staircase’ your way to full ownership if you wish.

Tim Leonard

The First Homes scheme was introduced to help first-time buyers get on the property ladder in their local area. The price you’ll pay for a First Homes property, which needs to be a newly built home, will be at least 30% lower than the market value but there are a number of boxes to tick to qualify.

Hannah Harper

The government’s Rent to Buy scheme provides would-be homeowners with a way to bridge the gap between renting a property and owning one. Read on for more information about the Rent to Buy scheme, and to find out whether it could help you.