If you’ve decided to move or remortgage in 2022, you may be wondering where to start to get the best mortgage deal, especially if you’re a business owner or sole trader.
50% of homeowners say they found the process of buying a property confusing and over 60% admit to not fully reading their mortgage agreement before they signed it. Crazy! A mortgage will likely be your largest financial commitment, so it’s vital to ensure that you’re happy with the terms of your mortgage agreement before you commit to it.
Trying to get a mortgage can be a daunting task. However, it’s not as difficult as you might think and there are a number things you can do to improve the odds of you being accepted. To give yourself the best chance of securing a good deal, you’ll need to have your finances in order before you apply.
Around one in three of all mortgage loans are taken out for the purpose of remortgaging. A remortgage is the acquisition of a second mortgage loan, often used to replace an existing mortgage or borrow money against the value of a property. Here are the most common reasons why homeowners remortgage.
Getting a mortgage can be a challenge at the best of times. For the UK’s nearly five million self-employed people, the process is even more difficult, but that’s not to say it is impossible… [Read more…]