Yes, there are lenders who will use benefit income within their assessment for a mortgage. At the time of writing, there is in excess of 5 million people claiming Universal Credit. And around 40% of these, or about 2 million people, are working. It is therefore no great surprise that many ask us ‘if I…

As of September 21st 2023, the Bank of England has announced that interest base-rates have remained at 5.25%. It is certainly true that if interest rates rise so will the cost of borrowing. However, the correlation between the two are not always that straight forward for your mortgage. In the current market, whilst the base rate…

Should I buy a house in 2023? “When is the best time to buy a house?” is a common question asked of our advisers.  The most relevant word here is “best”.  Defining when is best will very much depend on you and your individual circumstances. We all buy property for many different reasons, the main…

100% Mortgages For many buyers, getting a deposit saved for a property purchase can be a difficult task. This is especially the case for first-time buyers when you may already be renting. Then also having the everyday living costs to cover before you even start to think about savings. How to get a mortgage with…

What is LTV? LTV is the initialism for the term Loan to Value. The LTV is the ratio of the loan or borrowing amount in relation to the property value or purchase price. For example, a mortgage of £100,000 on a property worth £200,000 is a 50% LTV. Why is loan to value important? How…