The Mortgage Store Holywell

06/10/2022

29/07/2022

Self-Employed income can appear to be less stable than PAYE income, you will be expected to provide evidence of a stable two to three year history in your current role.

The exact documentation that you will need will depend on the type of Self-Employed work you carry out and there is also a degree of variation from lender to lender. ⚖️

For more advice on Self-Employed mortgages, speak to our team.

10/06/2022

What is the 5% Deposit Mortgage Guarantee Scheme?

During the Covid-19 pandemic lenders offering 95% mortgage deals withdrew them from the market to limit their risk as many people’s job security hit an all time low. 🏡

To remedy the situation the Government announced the new 5% Deposit Mortgage Guarantee. It will help mortgage lenders reduce their risk of offering low deposit mortgages to borrowers and have the confidence to re-launch new 95% LTV mortgages.

28/05/2022

If I’ve only had my business for 1 year, will I need to offer a larger deposit?📈

Whilst there is no minimum deposit set in stone for self-employed applicants or a shorter trading history, officially you won’t. However, offering above the minimum deposit amount will increase your chances of obtaining a mortgage.

💁For more advice, speak to our team

21/05/2022

The exact documentation that you will need will depend on the type of Self-Employed work you carry out and there is also a degree of variation from lender to lender. Other things you can do to prepare include:

👉🏻 work on your credit score
👉🏻 save a substantial deposit
👉🏻 prepare your finances

For more advice on Self-Employed mortgages, speak to our team.

18/05/2022

I was very pleased with the advice which I got from the Mortgage Store Holywell. As I am a first time buyer I was unsure if I would qualify for a mortgage. I found Darryl to be professional, very knowledgeable and easy to talk to. He found a great mortgage for me.

13/05/2022

How do you go about remortgaging for home improvements?

If you are looking to remortgage for home improvements then it's a good idea to speak to an experienced mortgage broker. They will be able to review your current mortgage monthly repayments, scan the market for suitable lenders and products and come back to you with the most appropriate deal available on the market. 🛁 🏡 📈

07/05/2022

I am interested in investing in property, but will being self-employed hinder me?

In a word...no.

At The Mortgage Store, we can offer a wealth of experienced advice to first time and experienced landlords alike.

Our goal is to not only help you achieve a competitive Buy to Let mortgage that suits your circumstances, but to maximise your long term investment potential.

Contact us to see how we can help you.

Your property may be repossessed if you do not keep up with your mortgage repayments. The Financial Conduct Authority does not regulate some Buy to Let Mortgages.