How Do Mortgages Work When You Move In The UK?
Moving home is a significant life event, and understanding how your mortgage works during this transition is crucial. Whether you’re upsizing, downsizing, or relocating, navigating the mortgage landscape can seem daunting. This guide aims to demystify the process, providing clear insights into your options and considerations when moving home in the UK. Understanding Your Mortgage […]
Can I Move On A Fixed Rate Mortgage?
Moving home is an exciting milestone, but if you’re currently on a fixed-rate mortgage, you might be wondering how this affects your plans. The good news is that, in many cases, it’s entirely possible to move while on a fixed-rate deal. However, there are important considerations to keep in mind to ensure a smooth transition. […]
Is a Buy to Let Mortgage Worth It? A Realistic Look at UK Property Investment in 2025
Investing in property is often seen as a stable and rewarding way to grow your wealth, and Buy To Let (BTL) mortgages are a common route into the UK rental market. But with changes in tax rules, rising interest rates, and tighter regulations, many people are asking: is a Buy To Let mortgage worth it? […]
Can First-Time Buyers Get a Mortgage with No Deposit? April Mortgages Say Yes
Saving for a house deposit isn’t easy, especially in today’s climate. With rising rents, higher living costs and stagnant wages, many would-be buyers feel stuck in a cycle of renting with no clear route onto the property ladder. But April Mortgages has launched a new 100% mortgage that could change that. If you’re in a […]
How Do Buy To Let Mortgages Work?
If you’re thinking about investing in property to rent out, you’re not alone. Buy-to-let has been a popular choice for UK investors looking to generate some extra income or build long-term wealth. But before you take the plunge, it’s important to get to grips with one of the key aspects of property investing. So, how […]
How Much Deposit Do You Need for a Buy To Let Mortgage?
If you’re thinking of investing in property, one of the first questions that probably comes to mind is, how much deposit do I need for a Buy To Let mortgage? It’s an important detail to keep in mind when budgeting and thinking about whether becoming a landlord is the right fit for you. In this […]
Buy To Let Mortgages Explained
Whether you’re a seasoned landlord expanding your portfolio or a first-time buyer considering rental income as a wealth-building strategy, to make the right investment choices, you need to understand how Buy to Let mortgages work. In this guide, we’ll explore everything you need to know about Buy to Let mortgages in the UK, including what […]
How long does it take to remortgage with the same lender?
When remortgaging, it makes sense to do plenty of research to make sure you’re getting the best deal for you. Sometimes, this means changing to a new lender – but not always. Unsure about next steps? Here at UKMC, our team of experienced mortgage advisors make the decision less daunting by providing the support you […]
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 the current mortgage rate in the UK?
Wondering why now is the time to remortgage, at least according to some financial experts? With current UK interest rates being held at 4.75% and future uncertainty, you’ll find some observers are suggesting now may be a good time to secure a deal. However, it’s no secret that the base rate is always changing. These […]
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 […]
What is the stamp duty for first-time buyers?
Buying a house for the first time can seem daunting, especially if you’re unsure what you’re letting yourself in for. After all, there’s a lot to consider. Stamp duty, or Stamp Duty Land Tax (SDLT) to use its full title, is one element of a purchase that first-time buyers need to understand. Let’s start by […]
How much can first-time buyers borrow?
Struggling to understand how much a lender will allow you to borrow as a first-time buyer? While there’s many factors that lenders will assess when looking at your affordability, having a rough idea of what you can afford is often the best place to start your first-time buyer journey. To support you through this potentially […]
How much can I borrow when I remortgage?
Ready to remortgage your home? Find out which factors impact how much you can borrow when you remortgage from the experienced advisors at UKMC.
What happens on a remortgage completion day?
Curious to know what happens on remortgage completion day? UKMC’s mortgage experts will help you to get there.
What is the maximum mortgage a first-time buyer can get?
Eager to make your hard-earned money stretch as far as possible when it comes to buying your first home? You’re not alone. Prospective buyers from across the UK often ask us what the maximum mortgage is for a first-time buyer in to understand what kind of properties they can afford. Fortunately, our professional team of mortgage advisors have expertise […]
Can you remortgage when on a fixed rate?
Is your mortgage ending soon? Like every homeowner, we understand you’ll want to secure an improved deal. With that in mind, it’s important to carefully research and understand your options before making an informed decision. What is a fixed-rate mortgage? A fixed-rate mortgage is simply a type of mortgage product, that has a set interest […]
Do I need to pay stamp duty when remortgaging property?
Curious about stamp duty on remortgaged properties? The mortgage specialists at UKMC are here to help you understand! Is it time to remortgage? Then you likely have a long to-do list. And one question you may have is: ‘Do I pay stamp duty when remortgaging my property?’ The short answer is ‘no’; stamp duty isn’t […]
Can I remortgage with the same lender?
Considering remortgaging with your current lender? The mortgage specialists at UKMC are here to guide you through the advantages of sticking with them. Keen to secure an improved mortgage deal when your current arrangement comes to an end? Remortgaging is the process of switching your existing mortgage on a home you already own to a […]
How long does a remortgage take?
Not sure when to kick off the remortgaging process? Find out the duration of each step in the remortgage journey with the helpful advisors at UKMC. Ready to remortgage? Before you start this process, you might be wondering exactly ‘how long does it take to remortgage’ – fortunately, we can answer this question for you. […]
How does a remortgage work?
Remortgage your home with ease! Learn why, when, and how to remortgage with UKMC’s expert guidance to save money, access equity, and secure better rates. Is your existing mortgage deal coming to an end soon? If so, it’s time to think about remortgaging! While the remortgaging process may seem daunting, the knowledgeable team at UKMC […]
The cost of remortgaging
Curious about the expenses involved in remortgaging? Get insights into remortgaging costs from the specialists at UKMC. Due to remortgage soon but unsure what to expect? Or perhaps you want to obtain a better understanding of the costs involved so you can budget accordingly? When considering your options, it’s important to take into account any […]
How many times can I remortgage?
Are you wondering, ‘how many times can I remortgage my house?’ Get a better grasp of the remortgaging process with UKMC. Many homeowners consider remortgaging their property to save money, or when they reach the end of their current mortgage arrangement. They may also want to switch if their home’s overall value increases or if […]
How to remortgage to release equity
Interested in discovering how to remortgage and unlock equity? Learn about the straightforward process from the knowledgeable mortgage experts at UKMC! Considering making some sought-after home improvements? Or maybe you’ve decided to finally book that trip of a lifetime? Whatever your reason for wanting to remortgage and release equity from your property, understanding how this […]
What is the best term for a first-time-buyer?
Not sure what mortgage term is right for you? Let the knowledgeable mortgage advisors at UKMC help you find the perfect mortgage term tailored for first-time buyers. Struggling to decide whether you should opt for a shorter or longer mortgage term as a first-time buyer? Fortunately, the professional and down-to-earth team at UKMC is on […]
Will my house be revalued if I remortgage?
Searching for “do you need a valuation to remortgage?” online? Discover the essential steps to consider before remortgaging with the help of the experts at UKMC. Considering whether to have your house revalued? There are several reasons why you might, including for tax purposes, to comply with financial reporting obligations, or ahead of a sale […]
What first-time buyers need to know about the mortgage guarantee scheme
Interested in the mortgage guarantee scheme for first-time buyers? Find out more about the first-time buyer mortgage guarantee scheme with details from UKMC. A first-time buyer with a dream to own your home? Accessing the government’s mortgage guarantee scheme is one way to help you do exactly that. But how does it work? And do […]
Can I get a buy-to-let mortgage as a first time buyer?
Curious if you can secure a buy-to-let mortgage as a first-time buyer? Discover what you need for approval from the experts at UKMC. Considering applying for a buy-to-let (BTL) mortgage, but unsure whether you’ll be approved due to your first-time buyer status? At UKMC, our mortgage advisors are experts in BTL mortgages and helping first-time […]
Can you be denied a remortgage?
Curious about the possibility of being turned down for a remortgage? Discover if a lender has the right to deny your remortgage application with the help of our expert mortgage advisors at UKMC. Concerned that your current lender has refused your remortgage application and unsure what you should do now? Don’t worry. Below, the expert […]
How Do I Place An Offer On A Property?
Discover the secrets to making successful property offers with expert tips and guidance. Master the art of crafting compelling offers in our latest article. Have you found your perfect first home or just starting to explore the property market? You don’t want to let that property you fall in love with go to someone else! […]
How Do I Increase My Mortgage Affordability
Explore effective ways to enhance your mortgage affordability. Our essential blog for homebuyers is packed with expert insights and practical tips just for you. How Do I Increase My Mortgage Amount? Are you looking to buy your first home but struggling with your mortgage affordability? There are steps you can take to enhance your affordability […]
What Is A Family Income Benefit Policy
What is a family income benefit policy? UKMC is here to assist you in choosing the best insurance coverage for you and your family. Ensuring the wellbeing of your loved ones is paramount, especially when you have a family of your own. One insurance policy offers peace of mind and security for families is Family […]
What is income protection insurance?
What is Income Protection Insurance? Why do you need it? This blog addresses all your frequently asked questions about Income Protection. As you embark on the journey of securing your financial future, understanding the ins and outs of Income Protection Insurance is paramount. This comprehensive guide aims to shed light on Income Protection Insurance in […]
How Do I Remortgage To Buy Another Home
Remortgaging to purchase another property is largely similar to a standard remortgage or home purchase. In the UK, remortgaging stands out as a highly cost-effective method of raising capital to purchase a new property. However, it is crucial to ensure that your current property holds sufficient equity to make the process worthwhile. If you have […]
What Is Life Insurance and Why Is It Important
UKMC is breaking down life insurance: what it is, why you need it, and answering your most frequently asked questions. In today’s uncertain world, planning for the unexpected is crucial, and life insurance stands as a cornerstone of financial security for individuals and families alike. But what exactly is life insurance, and why is it […]
Using Your Remortgage To Consolidate Debts
Let’s discuss a debt consolidation mortgage. By remortgaging, you can tap into your home’s equity to boost your mortgage loan and access additional funds. What Is A Debt Consolidation Mortgage? A debt consolidation mortgage is a way of consolidating/combing your current debts into one (your mortgage). In many cases this makes managing your money a […]
Who is eligible for a 5% mortgage in the UK?
Once your fixed-rate mortgage term is up, you’ll have to decide whether to renew it, refinance, or settle the remaining balance. Unsure whether you’ll be accepted by lenders for a five per cent mortgage in the UK? Regardless of whether you have concerns about the size of your deposit and affordability or you’re simply doing […]
What is a self-build mortgage and can first-time buyers get one?
Eager to build your first home? Find out if you can obtain a self-build mortgage as a first-time buyer with guidance from the expert advisors at UKMC. Interested in obtaining a self-build mortgage as a first-time buyer? If you have the vision and passion to build your own home but are concerned about how you’ll […]
New Build Homes and Mortgages in the UK: Why They’re the Ideal Choice for Homebuyers
Newly constructed homes offer numerous advantages for homeowners throughout the UK. In this blog, we will delve into the benefits of new builds and the mortgage options available for these properties. Are you on the hunt for your dream home in the UK? Among the myriad options available, new build homes stand out for their […]
What is a first-time buyer mortgage and how does it work?
Confused about the mortgage guidelines for first-time buyers? Reach out to the knowledgeable mortgage advisors at UKMC to learn how mortgages for first-time buyers operate. Feeling confused by mortgage offers aimed specifically at first-time buyers? Promises of low deposits and attractive interest rates on certain mortgage products can seem tempting for your pocket, but how […]
What are the benefits of being a first-time buyer?
Ready to take your first step into homeownership? Explore the top benefits for first-time buyers with the expert mortgage advisors at UKMC. Eager to become a homeowner, but unsure whether now is the right time to put in an offer on that perfect property? At UKMC, we understand that being a first-time buyer can be […]
How long does a first-time buyer mortgage application take to be approved?
Excited to secure your dream first home? Act now to find out the duration of the mortgage application process. Fallen in love with your ideal first home, but concerned about how long it’ll take for your mortgage application to be approved?Below, the experienced mortgage advisors at UKMC explain how long mortgage application approval typically takes, […]
Government schemes for first-time buyers
Looking to find the top government mortgage options for first-time buyers? Let the expert advisors at UKMC help you identify the perfect fit for your needs. Searching for the most beneficial first-time buyer mortgage scheme to help shorten your route to home ownership? With the increased cost of living, raised rents, and skyrocketing property prices […]
Can a first-time buyer get an interest-only mortgage?
Thinking about an interest-only mortgage as a first-time buyer? Discover if this mortgage option is suitable for you with insights from the expert advisors at UKMC. Keen to obtain a first-time buyer interest-only mortgage? Before you start reaching out to lenders with attractive interest-only mortgage deals, it’s important to weigh the pros and cons of […]
First-time buyers’ guide to getting a mortgage
Are you finding it tough to secure a great mortgage deal as a first-time buyer in the UK? Learn the steps to successfully obtain a mortgage for your first home. As a first-time buyer, it’s natural for you to feel daunted, intimidated, or simply confused by the property-purchasing process. No matter how much advice and […]
Getting a mortgage as a first-time buyer with bad credit
Discover expert advice on obtaining a mortgage as a first-time buyer with poor credit. Navigate the process with confidence using our thorough guide. Concerned that bad credit might be spoiling your chances of becoming a homeowner for the first time? To help you understand the impact that poor credit might be having on you as […]
Your Over 50s Life Insurance Guide 2024
Discover the ultimate guide to life insurance for those over 50! Explore your options and get professional insurance advice from UKMC. Deciding on the right policy for you can be tricky, it’s an important decision you need to make for both yourself and your family. If your health is a concern, and you anticipate a […]
Can first time buyers get a mortgage with no deposit?
Ready to own your home? Learn how 0 deposit mortgages for first-time buyers can help you get started on the property ladder, courtesy of UKMC experts. Struggling to save a significant deposit for your first home? It’s no secret that there are many associated costs when it comes to buying a property, but none are […]
Choosing The Best First-Time Buyer Mortgage
Ready to secure your first mortgage? Explore top mortgage options for first-time buyers with guidance from our mortgage advice specialists. It’s no secret that buying your first home can feel like quite the undertaking. Between arranging house viewings to organising a reliable surveyor, doing your research into the best mortgages for first-time buyers is an […]
UK Mortgage Centre’s Toy Appeal Is Back For 2023
The UK Mortgage Centre (UKMC) is aiming to help families across Warrington and the surrounding areas this Christmas. After a year of financial uncertainty and many families struggling to afford their mortgage and other household bills, UKMC want to ensure no child or family in Warrington goes without. UKMC Founder Sam Fox Said “We may […]
Timing is Key: When Should You Consider Remortgaging?
Discover the key moments during your mortgage term that might indicate it’s time to consider remortgaging your home. Remortgaging can be a strategic financial move, but timing is everything. In today’s blog post, we’ll explore four key scenarios when it makes sense to consider remortgaging. While everyone’s situation is unique, these opportunities could help you […]
The Benefits Of A Remortgage
Considering remortgaging your home? Learn how a remortgage could help you save money, increase your borrowing capacity, and provide more flexibility. In today’s blog post, we’re going to explore the incredible benefits that come with remortgaging your home. Whether you’re looking to reduce monthly repayments, gain better control over your finances, consolidate debt, pay off […]
Understanding the Costs of Remortgaging – What to Budget For
Curious about the cost of remortgaging your home? This UKMC guide outlines the common fees to help you plan your budget. In this blog post, we’re going to dive into an important aspect of remortgaging that every homeowner should be aware of: the costs involved. The amount you’ll pay to remortgage your home can vary […]
What Is A Remortgage – The Process Explained!
Thinking about remortgaging? This guide will walk you through what remortgaging means, the steps you need to take, and how it can help you secure a more favourable deal. In today’s blog post, we’re going to delve into the world of remortgages, explaining what they are and how they work. Whether you’re a homeowner looking […]
First Time Buyer Mistakes You Should Avoid!
Buying your first home can be a bit overwhelming, and it’s common to stumble along the way. Discover the most frequent pitfalls that first-time home buyers encounter and find out how to steer clear of them. In today’s blog post, we will be discussing some of the most common mistakes that first-time homebuyers make when […]
What You Need To Know About Getting Your First Mortgage In The UK
Are you a first-time buyer aiming to purchase a home in the UK? Here’s your guide to obtaining your first mortgage. In today’s blog, we’ll explore the basics of obtaining a first-time buyer mortgage in the UK. Whether you’re new to the housing market or seeking information about the process, this guide will cover everything, […]
What to do if you’re struggling with mortgage affordability
Are you seeking guidance on taking that exciting first leap into homeownership? Check out these helpful tips and strategies to make affording a mortgage easier for you. Whether you’re struggling to afford your current mortgage or looking to boost your affordabilityahead of getting a new one – there are a number of things you can […]
The Cost of Buying Your First Home: Breaking Down Expenses for First-Time Buyers
All you need to know about the costs involved in buying your first home as a first-time buyer in the UK. first home as a first time buyer in the UK. Buying a home is an exciting milestone, but it’s essential to understand the true cost involved in the process. While it’s challenging to determine […]
Understanding Property Searches: Your Guide to Ensuring a Secure Home Purchase
This UKMC guide explains what property searches are, why they are important, and how they can offer peace of mind to home buyers. Buying a new property is a major investment, and conducting crucial property searches is essential for a smooth, issue-free purchase. In this blog, we’ll delve into four key search types: Local Authority, […]
Understanding Your Mortgage Affordability: Calculating Your Borrowing Ceiling
Are you prepared to apply for a mortgage? UKMC provides assistance in understanding your mortgage affordability by offering guidance on how to calculate your borrowing limit. When it comes to borrowing for a mortgage, understanding your affordability is crucial. Knowing your borrowing ceiling, or how much you can reasonably borrow, helps you make informed decisions […]
Is Life Insurance Important, Do You Need It?
Explore the pros and cons of life insurance in our detailed guide. Understand its true value, when it’s worth it, and how to make the best decision for your financial future. While you’re here, we understand life insurance may not top your priorities. But if you’re building a career, starting a family, or buying your […]
What happens when my fixed rate mortgage ends?
When your fixed-rate mortgage ends, you will need to either renew your mortgage, refinance it, or pay off the outstanding balance. When your fixed-rate mortgage ends, you will need to either renew your mortgage, refinance it, or pay off the outstanding balance. If you choose to renew your mortgage, you will have the opportunity to […]
Top Tips For When You Need To Remortgage
These are our top tips in making sure your remortgage goes as smoothly as possible. Tip number 1 – Plan ahead Starting your remortgage around 6 months before your deal is up gives you a good amount of time to consider all your options and do the right research. This means that you’re fully equipped […]
What Happens After A Mortgage Offer
Purchasing a home is a major life milestone, and securing a mortgage offer from the bank is a crucial step toward achieving that dream. Buying a house is a major milestone in life, and getting a mortgage offer from the bank is a significant step towards realizing that goal. A mortgage offer is a formal […]
Can I Buy A House Without A Deposit
In the UK, it is possible to buy a house without a deposit, but it can be challenging. This requires securing a 100% mortgage to cover the entire cost of the property. In the UK, buying a house without a deposit is possible but challenging. It involves obtaining a 100% mortgage, covering the full property […]
What Is The Order Of A Remortgage?
So you’re looking at remortgaging your property, possibly for the first time, and you don’t know where to start. Let’s break the process down… Step 1 – Finding out what you can afford. When assessing how much you can afford, it’s important to know all your annual incomings such as, salary and car allowances. It’s […]
How To Make An Offer On A House
Learn step-by-step how to make a successful offer as a first-time homebuyer. Get tips on negotiating, understanding market trends, and securing your dream home. When it comes to a home, they say you’ll know it’s the right one when you feel it deep in your gut. You can visualise yourself living there, envision the renovations, […]
What documents should I get when buying a house?
Explore the essential documents needed when buying a house. Secure legal ownership with the correct paperwork. Your guide to the key documents for property purchases. Buying a property is one of the biggest investments that you are likely to make in your lifetime. It is essential that you are aware of the process and the […]
Property Investing – The Ultimate Buy To Let Guide
Achieve success in the UK buy-to-let market with expert advice and a step-by-step guide for creating a profitable property portfolio. Investing in property is a trending topic that’s been on the rise in recent years. As the market for property investment in the UK continues to expand, it’s essential to equip yourself with the knowledge […]
Top Tips To Invest In Property In The UK
Discover expert tips and insider knowledge on investing in UK property to help you grow your real estate portfolio. Are you thinking of investing in property? This can become a great boost to your monthly income and a great long-term investment. BUT like all investments there are risks involved so it’s important to consider all […]
Offer accepted on your house, what happens next?
Congratulations on getting your offer accepted for a house! Now, let’s explore the next steps you should take and provide you with a useful guide to the conveyancing legal process.
How Much Does Moving House Cost?
Discover the real expenses involved in relocating: Delve into the various factors, grasp the costs, and equip yourself with all the knowledge you need before your next property transition. When you’re ready to move house, consider the various costs involved. This includes expenses that may catch you by surprise, especially if you’re a first-time buyer. […]
The Benefits and The Risks Of A Buy To Let Mortgage In The UK
Things to think about before getting a buy-to-let mortgage. Evaluate your choices to make a well-informed decision about whether it’s the right fit for you. Before committing to a buy to let mortgage you need to make sure you are fully aware of the pros and cons. In this blog we will help you make […]
What is a Lifetime Mortgage?
Learn how to access equity so you can afford to do whatever you’ve always dreamed of. Many of us have heard a family member, perhaps your dear grandmother, daydreaming about embarking on that dream world cruise for the last half-decade. Or maybe, you’re the one who’s been yearning for that adventure. Well, what if we […]
