WIS Team, Author at WIS Mortgages

High net worth mortgage customer definition – Everything you need to know

November 18, 2022

High net worth mortgages are not just for the wealthy or people who have a high income. Many people who are asset rich can also qualify for this type of loan. These types of mortgages can be hard to get your head around, especially if you think you might qualify for one.

Do having dependents affect mortgage applications? – Everything you need to know

November 11, 2022

Do having dependents affect mortgage applications? This is one of the most common questions among parents applying for a mortgage. Understanding how having dependents can affect your mortgage application will give you an idea of what to expect, saving you any rude surprises and disappointments.

How long is an EPC report valid for in 2022?

November 4, 2022

In recent years the law surrounding Energy Performance Certificates (EPCs) has gradually changed to enforce stricter regulations surrounding the energy efficiency of rental properties. EPC reports are essential when selling or letting a property, and landlords must make sure their tenanted properties meet a minimum level of efficiency.

Can a first-time buyer get an interest only mortgage?

October 28, 2022

Whether you have your heart set on a particular home or want to get onto the first rung of the property ladder, you may be wondering, can a first-time buyer get an interest-only mortgage? While interest-only mortgages aren’t as popular as they once were, this option does provide an alternative to other mortgage types.

How does an Islamic mortgage work?

October 21, 2022

If you are struggling to find a mortgage that works for you and have been looking for a more ethical way of financing your home, there are alternatives to traditional mortgages that you might want to consider. One of these is an Islamic mortgage. But how does an Islamic mortgage work, and who can apply for one?

What is a joint borrower sole proprietor mortgage?

September 23, 2022

While it might sound like a mouthful, joint borrower sole proprietor mortgages, or JBSP, are straightforward and practical for a first-time buyer looking for a place they can call home. In simple terms, a joint borrower sole proprietor mortgage lets you buy a property with the help of up to a total of four people – it could be your parents, grandparents or a friend.

How much of your salary should go on mortgage payments?

September 16, 2022

When you’re looking to buy a home, knowing how much of your salary should go towards the purchase is important. The amount of money you should spend on your mortgage depends on several factors, including your income, mortgage size and term. Other important expenses such as saving for retirement further add to the importance of answering this question.

Mortgages for high net worth individuals

September 9, 2022

One requirement to ensure your financial safety is to look for a mortgage whose payments won’t drastically alter your lifestyle. While most people struggle to find a good mortgage, those with a high net worth can often access any mortgage they want. However, having access to all mortgages doesn’t mean all of them are suitable for your needs.

Things to avoid when buying a house

September 2, 2022

Buying a house is undoubtedly one of the biggest parts of adult life, and certainly one of the most stressful. This is especially true if you’re a first-time buyer with no real idea where to start. You may be concerned about the right and wrong things to do when looking to buy your first home.

How much do I need to earn to borrow 400K?

August 26, 2022

It’s no secret that your income is one of the key factors in determining how much you can borrow. But how much do I need to earn to borrow 400K? No standard amount of income is required to qualify for a certain loan, as each lender has its own parameters for qualifying borrowers. However, this article provides a general overview based on a few factors.

Author: WIS Team