Peter Baker CertRBCB CeMAP Certs CII (MP & ER)

The dream of owning a home is one that many aspire to, but it often requires a significant financial commitment in the form of a mortgage deposit. A mortgage deposit is the initial amount of money that a buyer needs to put down upfront when purchasing a property. Here are some tips on how to […]

If you have a fixed mortgage that is ending you may be concerned about how this change will affect your interest rate. Perhaps, you have already spoken to your bank or building society to discuss the options available. This month, I would like to lay out my tips and suggestions to help you avoid the

Improving your credit score is vital when applying for a mortgage. Steps include checking your credit reports, paying bills on time, reducing credit card balances, avoiding new credit applications, establishing a positive credit history, and being patient. Consult a mortgage professional for tailored advice to avoid damaging your credit score.

Alternative means of raising a mortgage deposit without saving include asking for a gifted deposit from a relative or friend, using equity from an existing property, opting for shared ownership, and looking at 100% mortgage options. However, these methods have their pros and cons, and one must research thoroughly before proceeding. Consulting with a mortgage broker can also be beneficial.