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Author: amoore70

  • What You Need to Provide to Get a UK Mortgage if You Are Self-Employed

    amoore70

    Getting a mortgage in the UK can be a complex process, and it often requires more documentation and scrutiny if you are self-employed. Lenders need to be assured of your ability to repay the loan, which involves providing detailed proof of your income and financial stability. Here’s a comprehensive guide on what you need to… Read more

  • Why you need to make a will

    amoore70

    Creating a will is one of the most important steps you can take to ensure your wishes are respected after your death. Despite its significance, a surprising number of people in the UK either delay making a will or overlook it altogether. This article highlights the critical reasons why you should consider making a will… Read more

  • Mortgage in principle explained

    amoore70

    A “mortgage in principle” (also known as an “agreement in principle” or “decision in principle”) in the UK is a statement from a mortgage lender indicating that they would, in theory, be willing to lend you a certain amount of money for a mortgage. It is not a formal mortgage offer, but it provides an… Read more

  • Higher lending charges explained

    amoore70

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    A Higher Lending Charge (HLC), also known as a Mortgage Indemnity Guarantee (MIG), is a fee that some lenders in the UK mortgage market charge when the amount you borrow is high compared to the property’s value. Specifically, this charge is typically applied when the loan-to-value (LTV) ratio exceeds a certain threshold, often around 75-80%.… Read more

  • A look at the UK’s 10 biggest housebuilders

    amoore70

    The UK housebuilding industry is dominated by several large companies that have a significant impact on the housing market. Below is a list of the major housebuilders in the UK, organized by size, along with a brief overview of each. These housebuilders play a crucial role in addressing the UK’s housing needs, each contributing unique… Read more

  • Why consider critical illness cover for children?

    amoore70

    Understanding Critical Illness Cover for Children in the UK In the unpredictable journey of life, ensuring the safety and well-being of our children is paramount. While we cannot prevent every accident or illness, we can certainly prepare for unforeseen circumstances. Critical illness cover for children in the UK is designed to provide financial support to… Read more

  • Living on a houseboat – what you need to know

    amoore70

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    Living on a houseboat in the UK offers a unique lifestyle, combining the tranquility of waterborne living with the adventure of a mobile home. Whether you’re drawn to the picturesque canals, the sense of community, or the idea of downsizing, it’s essential to understand the practicalities and considerations before making the leap. Here’s a comprehensive… Read more

  • Stamp duty land tax rules for second homes

    amoore70

    Stamp Duty Land Tax (SDLT) rules in the UK for second homes are more stringent compared to those for primary residences. The government introduced an additional surcharge to deter individuals from purchasing multiple properties, aiming to make housing more affordable for first-time buyers and to address the housing shortage. Here is a detailed explanation of… Read more

  • All the costs involved in buying a property

    amoore70

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    Buying a property in the UK involves several costs beyond the purchase price. These costs can vary based on the property’s value, location, and type of transaction. Here is a comprehensive list of costs involved in buying a property in the UK: 1. Deposit 2. Stamp Duty Land Tax (SDLT) 3. Mortgage Fees 4. Survey… Read more

  • All about Key Facts Illustrations

    amoore70

    A Key Facts Illustration (KFI) is a document used in the UK mortgage market to provide prospective borrowers with detailed and standardized information about a mortgage product. The KFI ensures that borrowers can understand the key features, costs, and risks associated with a mortgage, enabling them to make informed comparisons and decisions. Contents of a… Read more