What Mortgage can I get

Which mortgage can I get? - mortgage guide

After submitting a complete request, a thorough evaluation will be made as to whether the association is able to provide a credit in the amount you desire. What's the value of your possession? That means that if you move to a new home instead of receiving a remort guarantee, you may need to use some of your own cash as a down payment.

So what if interest rises? If you decide to take out a mortgage with a guaranteed or covered interest payment, the interest payment is usually reset to our standard variable interest at the end of the performance period (this concept is described in the "Jargon Buster" section of this guide). However, it is important that you think about what you can really afford to spend more on.

Is it possible to get a mortgage with a CCJ?

Mortgage lenders will apply a wide range of different algorithms before considering granting a loan. Naturally, the more risky a borrower is, the more costly the mortgage will be. For what and for how much was the CCJ? Which type of real estate do you suggest to buy?

How much do you make? Is the mortgage, in other words, financially viable? How much down payment do you have? Simply put, the bigger the down payment, the better your chance of getting a mortgage offering that is competitively priced, even with a CCJ. Amount you can lend varies, but 4 or 5 fold the amount of your earnings can be achieved, depending on the criterion of priceability.

The majority of creditors need a down payment of 15% on this base, but the conditions change with time. When you have a query about a CCJ and how it can influence your mortgage origination skills, you need to talk to an independent mortgage advisor. Is it possible to get a mortgage with a bad or bad creditworthiness?

Which creditworthiness checks are carried out by mortgage banks? Please call a mortgage advisor on 01628 507477 or get in touch with us for more information.