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Author: WIS Team

A guide to getting a mortgage more than 5 times salary

January 22, 2025

Every month, we get calls from customers who have encountered mortgage lenders that are hesitant of financing anything beyond 4-4.5x their annual income. Read on to learn everything there is to know about potentially getting a mortgage that is 5 times your salary.

Buy to Let for Self Employed

January 22, 2025

Many people believe that lenders prioritise permanent employees, and it is quite hard to get a BTL mortgage or a good deal when you are submitting a self-employed mortgage application. We have come across many clients who believed that it was impossible to get a good deal with a high street lender

Can I take over my parent’s mortgage after death?

January 22, 2025

It’s never easy thinking about the potential death of a loved one, and for that reason, many of us put off making a will or discussing financial arrangements. Although many older people will have paid off any remaining mortgage debt by the time they die, increasingly this is not the case.

What’s the Minimum Salary You Need to Get a Mortgage in the UK?

January 22, 2025

Getting on the property ladder can seem challenging, particularly if you’re on a lower income or unsure how much you need to earn to qualify for a mortgage. While there is no formal minimum salary requirement in the UK mortgage market, lenders will want to ensure that you can afford the repayments both

Will having a loan affect my remortgage application?

January 15, 2025

If you are planning to remortgage your property, but you have taken out a loan that is yet to be paid off, you might be wondering ‘Will having a loan affect my remortgage?’ The simple answer is that it will, and you should be prepared for that.

Who are Vulnerable Mortgage Applicants?

November 29, 2024

Find out who vulnerable mortgage applicants are and what this means in this article that helps you understand groups at risk of vulnerability and more. The ability to own your own home is a privilege that is made available to everyone in the UK, although securing funding through a mortgage does have some eligibility requirements. This includes vulnerable mortgage applicants, who are individuals who may find it harder to secure a mortgage due to a variety of personal factors.

What is a stress test and how does it impact your BTL mortgage?

November 22, 2024

Find out what is a stress test and how does it impact your BTL mortgage in this article that looks at this unique test, how it works and its importance. Mortgages can be quite complicated, especially if you’re new to this environment. There are lots of jargon terms thrown around and many of the processes will feel quite foreign at first. If you’re looking into securing a buy-to-let (BTL) mortgage, then you may have heard of a stress test, which is an important and at times confusing part of the process.

The impact of negative equity on your mortgage

November 15, 2024

Find out about the impact of negative equity on your mortgage in this post that looks at what negative equity means for your mortgage, what causes it and more. Securing the funds to purchase a home is a big commitment that takes serious financial planning and stability to show lenders you’re able to take on a mortgage. However, even if you’ve successfully secured a mortgage and made a solid plan for payments, things can still go wrong.

Is it good to consolidate my debts when applying for a mortgage?

November 8, 2024

Discover if it is good to consolidate your debts when applying for a mortgage in this blog that discusses how the debt you have impacts mortgage applications. Securing a mortgage is a major milestone in life, and for many, it can only be achieved with a lot of planning and saving. Careful financial planning is one of the best ways to secure a mortgage and get on the property ladder, as it shows lenders that you’re a safe bet and low risk.

Can top slicing help you with your BTL mortgage?

November 1, 2024

Find out if top slicing can help you with your BTL mortgage in this article that discusses what top slicing is, how it works, the benefits it offers and more. Property investment can be incredibly lucrative if you can effectively navigate the markets and find funding. One of the most popular ways to secure the funding required for property investments is through buy-to-let (BTL) mortgages. However, lenders typically apply strict income requirements and stress tests to ensure the affordability of the mortgages being offered, which can make it tough to secure your BTL mortgage.