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.