How to remortgage a buy-to-let property
Looking for different ways that you can grow your property portfolio in the UK? If you’ve just become a landlord, or are researching ways you can invest more of your money into profitable property, our remortgaging experts are on hand to help! Offering clear, jargon-free advice, our down-to-earth team consistently helps our customers to understand […]
How to remortgage with bad credit
Unsure whether you can remortgage with bad credit? Credit history is an important consideration for lenders when they determine your affordability, and we understand why you might be feeling a little nervous if your mortgage term ends soon. It’s important not to worry! By tailoring our approach, we can help you to search the whole […]
What types of mortgages are there in the UK?
The right mortgage for you depends on many factors, including your budget, credit score, life stage, deposit size, the type of property you’re buying and also why you’re buying it. Evaluating your needs, the terms of different types of mortgages, and the various deals available on the market can be complicated and time-consuming. That’s why […]
Which are the most common types of mortgages?
Are you feeling overwhelmed by the number of different mortgage products available on the market? Fixed-rate mortgages are by far the most common. According to The Times, approximately 89% of new mortgage loans taken out in August 2024 were fixed-rate mortgages. This type of mortgage is popular because of the stability that it offers, especially […]
What is first-time buyers relief?
In recent years, rising property prices and interest rates have made it more difficult to get onto the property ladder. Indeed, according to Uswitch, the average age of first-time buyers in England rose to 34 in 2022-23. Fortunately, if you’re looking to buy your first home, then financial help is available. In this article, we’ll […]
What is a first-time buyer?
In the UK, first-time buyers may be eligible for certain schemes designed to help them get onto the property ladder. To be classified as a first-time buyer, you must meet a strict set of criteria. Who qualifies as a first-time buyer? In the UK, a first-time buyer is a person buying a house for the […]
What happens if you can’t afford to remortgage?
If rising interest rates are making you feel anxious about what’s going to happen when you come to remortgage, then don’t worry – you’re not alone. Millions of people are facing significantly repayments when their current fixed-rate deal ends, prompting the question; ‘What if I can’t afford to remortgage?’ In this article, we’ll explain what […]
How to remortgage to build an extension
Eager to find out whether you can (or should!) remortgage to build an extension? At UKMC, our friendly team of mortgage experts have helped countless customers to remortgage and free up funds for a wide range of home improvements – including extensions. Reach out today to arrange your appointment with one of our experienced mortgage […]
Can first-time buyers get a mortgage with no credit history?
Unsure how a lack of credit history could affect your home-purchasing journey as a first-time buyer? Regardless of whether you’re worried or simply curious, the expert mortgage advisors at UKMC are here to help you learn more about how credit history is used by lenders to assess the affordability of first-time buyers. Below, we explain […]
Can you remortgage when you’re on maternity leave?
Among the primary reasons a homeowner wants to remortgage while on maternity leave is to benefit from better interest rates. When a new baby arrives, it can cause significant financial strain, prompting a search for a deal that’s more suited to changed circumstances. After all, lower monthly mortgage repayments could free up money to buy […]