A mortgage in principle (MiP), also known as an agreement in principle (AiP) or decision in principle (DiP), is a valuable tool that shows sellers and estate agents you can afford a property. It’s an early step in the homebuying process and can offer a clear indication of your borrowing potential. Let’s explore how securing…
Looking to buy a new build but struggling with a large deposit? The Own New scheme could be the solution you need. For many hopeful homeowners, saving for a substantial deposit can make homeownership feel out of reach. While the 95% mortgage scheme supports existing homes, it often doesn’t extend to new builds, which typically…
Taking the leap toward homeownership is an exciting milestone, but if you’re looking at getting a mortgage and don’t know where to start, you’re not alone. Preparing for and securing a mortgage involves several key steps, but with the right guidance, the process can be much easier to navigate, especially for first-time buyers. Step 1:…
Buying a house, especially for the first time, can be both exciting and overwhelming. However, by breaking down the beginning process step by step, it becomes much more manageable. Determine what you can afford The most important step before you start looking to buy a house is to find out how much you can realistically…
Buying a home is exciting, but amidst the anticipation of new kitchens and beautiful gardens, one key factor shapes your home-buying journey: your borrowing power. So, what exactly is borrowing power, and how does it influence your property goals? Don’t worry, it’s simpler than it sounds. Borrowing power refers to the estimated maximum amount a…
Don’t let the fear of being a first-time buyer prevent you from buying a home. Our guide to common house buying concerns will help you conquer these fears and ease your nerves. Buying your first home as a first-time buyer can seem overwhelming, but we’re here to address each key aspect and put your mind…
Buying a new home is an exciting journey, even if you’ve not applied for a mortgage before. Working with a knowledgeable adviser can simplify the path to being best prepared for a mortgage. Whether you’re a first-time buyer, exploring a remortgage, or contemplating relocating, taking specific steps can accelerate the mortgage process. By preparing yourself…
If you’re struggling to save a large deposit, a 95% loan-to-value (LTV) mortgage might be for you. This type of mortgage allows you to buy a home with just a 5% deposit. What is a 95% Mortgage? A 95% mortgage means you can borrow 95% of the property price from a lender, with the remaining…
Buying a property, especially your first home can be both exciting and slightly daunting, but by taking it one step at a time, you’ll realise it’s not as intimidating as it appears. Step 1: find out what you can afford There’s nothing wrong with looking at a six-bedroom house with a pool, walk-in wardrobe, and…
Saving to buy your first property can be daunting, but having a clear and realistic plan can make it feel much more achievable. The first step is work out how much you need to save. Your mortgage deposit is by far the biggest thing you’ll be saving towards. It will usually need to cover at…
