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Author: WIS Team

How to get a mortgage as a doctor

February 3, 2023

Securing a mortgage that fits all of your needs can be difficult no matter what job you do, however, some professions face different issues from others. Doctors and other medical workers can face very specific challenges when looking to purchase a property, so it is important to be aware of these potential setbacks if you plan on getting a mortgage in the near future.

How does remortgaging work?

January 27, 2023

How does remortgaging work? This is a question that a lot of people may want to know the answer to, but without much experience in the area, it can be hard to know where to start. First, you need to understand what remortgaging is. Put simply, remortgaging is when you move your mortgage on your existing property from one lender to another.

Do NHS staff get mortgage discounts?

January 20, 2023

Do NHS staff get mortgage discounts? If you work for the NHS, this might be something you’re looking to find out. With house prices rising and the cost of living skyrocketing, a lot of people are looking to save money wherever they can, and the 1.5 million people who work for the NHS are no different. There are no specific mortgages available for NHS staff, but there are some lenders that will take into account your specific circumstances as a health…

Do first-time buyers need a down payment?

January 13, 2023

Buying a home for the first time can be an exciting time. Whether you’re keen to get started on the property ladder or you’re looking to stop renting and buy a family home, knowing where you stand as a first-time buyer is a valuable starting point. Deposits or down payments are a vital part of paying your mortgage, so it’s crucial to know the answer to ‘do first-time buyers need a down payment?’ when exploring your options.

Are Islamic mortgages really halal?

January 6, 2023

If you’re considering purchasing a home, but your religion prevents you from seeking a conventional loan form of mortgage, an Islamic mortgage offers a viable alternative that is compliant with Sharia law. More specialist lenders are offering versions of home purchase plans or halal mortgages, providing people within the Islamic faith a viable way to purchase a home without the need to pay money for money.

How much do I end up paying on mortgage?

December 30, 2022

Few people have the privilege of buying a house outright in cash, leaving the structured repayment approach of mortgage loans the more manageable solution. If you’re new to the process, you may have wondered ‘How much do I end up paying on a mortgage?’.

Can someone be a guarantor on a mortgage?

December 16, 2022

Depending on your circumstances, choosing to get a guarantor on a mortgage can be a valuable way to access lenders that may be otherwise inaccessible to you. Different lenders have varying policies surrounding guarantors, but there are plenty of options if you have a suitable guarantor to provide additional security on your mortgage.

Getting a mortgage as an IR35 contractor

December 9, 2022

With recent mini-budgets and continual alterations causing instability surrounding what will happen with IR35, it’s more challenging than ever for the average individual to figure out whether they’re eligible for a mortgage. Not to mention what they need to do to get in front of the most suitable lenders.

Where can I get a copy of my EPC certificate?

December 2, 2022

An EPC certificate is required by law when a property is built, sold, or rented. It gives potential buyers or tenants an indication of the property’s energy efficiency. But where can I get a copy of my EPC certificate? In this article, we’ll discuss where you can get a copy of your EPC certificate, what information it contains, and why it’s crucial.

Can you have more than two people on a mortgage?

November 25, 2022

There are many reasons why you may be wondering if you can have more than two people on a mortgage. For example, a group of friends may be wishing to get on the property ladder together or several siblings may inherit property, requiring a mortgage to cover expenses or refurbishments.