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Author: WIS Team

What will my mortgage payment be?

August 19, 2022

It’s the question that seems to follow every first-time homebuyer: “What will my mortgage payment be?” Your mortgage payment is the sum of principal and interest payments due each month. Some also call this your PITI payment (Principal, Interest, Taxes, Insurance). Several factors determine your mortgage payment, and we’ll explain them in this guide.

Can you borrow more money if you’re involved in a Help to Buy scheme?

August 12, 2022

Help To Buy mortgages are an excellent option for those who are looking to make getting onto the property ladder that little bit more affordable. The scheme exists to help buyers get a foothold into a property of their own. But when you’re involved in the scheme, can you then re-mortgage your property like you can with a normal mortgage setup?

How much can you gift for a mortgage: definitive guide

August 4, 2022

One of the biggest challenges for buying a home is saving up a deposit, particularly as property prices have continued to rise in recent times. Some people have the option of parents lending a hand by supplying a gifted deposit to help with the purchase.

Best mortgage for contractors UK

July 29, 2022

There are plenty of mortgages online aimed at contractors. Each promises to cater to the particular circumstances surrounding contractors. However, it may be difficult to find one that meets your needs. This article highlights the nature of mortgages for contractors and what you can do to secure the best mortgage for contractors UK.

Should I buy a flat with cladding?

July 22, 2022

When most people hear cladding, they think of the negative news stories surrounding fire hazards and unscrupulous property developers. While necessary to consider, these stories don’t tell the whole picture. Therefore, if you’ve been wondering should I buy a flat with cladding, this article explores the topic objectively.

A guide to getting a mortgage more than 5 times salary

July 15, 2022

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.

Can my parents co-sign my mortgage with me?

July 8, 2022

If you are trying to secure your very first mortgage, you may be wondering “Can my parent co sign mortgage?” This is actually commonly referred to as having a mortgage guarantor, and it is something that happens fairly frequently when it comes to first-time buyers in the UK.

How to get a million-pound mortgage in 2022

July 1, 2022

With more and more properties being valued at over a million pounds across the country, buyers, more frequently, are needing to know how to get a million-pound mortgage. They are far more commonplace than they once were – no longer the domain of private banks alone.

Do mortgage brokers save you money in reality?

June 24, 2022

Committing to a mortgage is a very big financial decision, which is why expert advice can be a very attractive prospect. Mortgage brokers have the expertise you need and can perform a mortgage search on your behalf, do the comparisons and guide you through your application.

Can I get a mortgage with debt?

June 9, 2022

We often get asked, “can I get a mortgage with debt?” The answer is, maybe! The kind of debt you have, how much you owe, and how long you’ve had it all factor into whether or not your debt will hurt your loan eligibility. In this article, we’ll discuss the factors that can make or break your chances of getting a mortgage when you have debt.