Can I get a mortgage without a deposit?
If you are one of the many individuals who want to get on the property ladder, confident that you can reliably meet monthly mortgage repayments but you don’t have the means to come up with a deposit, this article is for you. Here, our expert team of experienced mortgage advisers answers all your key questions. […]
Is there an age limit for getting a mortgage?
Mortgages used to be fairly restrictive for the ‘later life’ borrower, but times are changing. Many people are retiring later, and there are also a lot of people who have built up substantial equity through owning a home for decades, which has given them enough financial security to prove they can pass affordability checks. In […]
A spotlight on shared ownership mortgages
https://youtu.be/RrBwr2kwjW8?si=543qEk6UuzWnlfLm This Q&A on shared ownership mortgages, also known as ‘part buy, part rent’ mortgages, is brought to you by the expert team of mortgage advisers at PIL Southampton. What is shared ownership? Shared ownership is a government-backed scheme that helps you to purchase a home by starting off with only buying a share […]
Can I get a mortgage with my parents?
When you are building your career and thinking about getting on the property ladder, your next step is to starting doing some sums. You work out the salary multiplier to see how much you might be able to borrow from a mortgage lender, and it can be a stark reality to see how far off […]
How long do mortgage offers last?
It is a huge relief when you receive your mortgage offer but, as we all know, life doesn’t always run smoothly. There can be all kinds of delays during the house buying process and it can be stressful worrying about your mortgage offer running out if unforeseen issues crop up. Note: A mortgage offer is […]
A helpful guide to releasing equity from your home
If you are a homeowner over the age of 55, you may be looking at ways you can substantially boost your bank balance, to give you more financial freedom with which to enjoy your later years. One way to do this could be to free some capital by downsizing your property, pocketing the difference as […]
A spotlight on equity release mortgages
https://youtu.be/RfAJn8y1hWY?si=_gDEtoOdWM71MJu- For most people, your home is by far the largest asset you own and, the older you get, the more likely you are to have paid off most, or all, of your mortgage, which leaves you sitting comfortably in a property that is probably worth hundreds of thousands of pounds. There are many reasons […]
Comparing equity release mortgages with retirement interest only (RIO) mortgages
Releasing cash from your property is a popular choice for many over 55’s who own their own home and would like to increase their disposable income in later life, giving them more financial freedom to enjoy holidays, carry out home improvements, splash out on a new car or help out family members. Traditionally, equity release […]
A spotlight on mortgages for the self-employed
Let’s look at the differences, and similarities, in getting a mortgage when you are self-employed. Although it is true that it might not be as straightforward as applying when you’re PAYE, don’t worry, a full range of mortgage offers should still be available to you, and our team of mortgage experts at PIL Southampton has […]
Saving for your mortgage deposit
https://youtu.be/Uzdazf8LS7o?si=-T353M0G7mWjnw6k For almost 10 years before the pricing peak in July 2022, the UK had experienced uninterrupted growth in house prices due to high demand and a huge lack of supply. Homebuyers purchasing properties at the peak of the housing boom in the summer of 2022 paid 14 per cent more than they would have […]
