Simona Mortgage Broker

Simona Mortgage Broker From consultation to completion, all the help you need! SM Finance Lounge is a a trading style of SM Finance Lounge LTD.

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07/06/2026

One of the biggest shocks for first-time buyers?
An accepted offer doesn't mean the property is yours.
You can spend money on:
🏠 Searches
🏠 Surveys
🏠 Solicitor fees
You can start planning your move.
You can tell your family and friends you've found your dream home.
Then the seller accepts a higher offer from someone else.
And the sale falls apart.
This is known as gazumping.
While it's not something that happens in every transaction, it is legal in England and Wales until contracts are exchanged.
That's why experienced buyers try to move quickly once an offer is accepted and keep communication flowing between all parties involved.
The important thing to remember:
An accepted offer is a positive step.
Exchange of contracts is the point where the transaction becomes legally binding.

06/06/2026

A lot of people think properties sit on the market because of interest rates, the economy or a lack of buyers.
Most of the time, it's much simpler than that.
It's the price.
I've seen properties in less-than-perfect locations sell quickly because they were priced correctly.
I've also seen great properties sit for months because the asking price didn't match what buyers were willing to pay.
The market will usually tell you the truth.
If viewings are low, offers aren't coming in, or buyers keep disappearing after seeing the property, price is often part of the conversation.
On the investment side, the market has changed significantly over the last few years.
Higher costs, tax changes and increased regulation have led many landlords to rethink their plans.
As a result, we're seeing more purchases from people buying homes to live in rather than traditional buy-to-let investors.
The property market is always evolving.
The key is understanding what buyers are looking for today, not what worked a few years ago.

05/06/2026

Before signing up for that car finance agreement, it's worth understanding the bigger picture.
Most people look at the monthly payment.
Lenders look at the commitment.
A £700, £800 or £1,000 monthly car payment doesn't just affect your bank account.
It can affect how much you're able to borrow for a property.
In some cases, the impact on mortgage affordability can be far greater than people expect.
That's not to say you shouldn't have the car you want.
It's simply about understanding the trade-off.
The real cost isn't always the monthly payment.
Sometimes it's the opportunities that payment takes away.

04/06/2026

One of the biggest mortgage myths?
"How much you earn determines whether you'll get approved."
If only it were that simple.
I've seen people on modest incomes get approved while others earning significantly more struggled.
Why?
Because lenders don't just look at salary.
They assess the full picture:
✔️ Existing credit commitments
✔️ Deposit size
✔️ Type of income
✔️ Employment history
✔️ Monthly spending
✔️ Future affordability
This is why comparing your situation to friends, family or colleagues is usually pointless.
The person who got declined might still be able to get a mortgage elsewhere.
The person who got approved might not qualify with another lender.
Every lender has different criteria.
Every applicant has a different story.

03/06/2026

Buying a property with someone?
Most people focus on the mortgage and forget one important question:
How will you own the property?
🏠 Joint Owners
• Usually own the property equally
• If one owner dies, their share automatically passes to the surviving owner
• Often the default choice for married couples
🏠 Tenants in Common
• Ownership can be split equally or unequally
• Each owner owns a defined share
• Their share can be left to someone else in a will
• Useful when one person contributes more towards the deposit or purchase
The way you own a property can have long-term implications for inheritance, estate planning and future financial arrangements.
Always take legal advice before deciding which option is right for you.

02/06/2026

Self-employed people will understand this one 😅
That moment when payday arrives...
Then you remember there’s no employer sending the money.
You are the employer.
The good news? No income cap.
The bad news? No guaranteed payday either.
The reality of running a business is that some months feel amazing and others test your patience.
But I wouldn't swap the freedom for anything.
Who else has had this thought on payday? 👇

01/06/2026

Most business owners don't hit a growth ceiling because of demand.
They hit it because they're doing everything themselves.
The problem isn't always a lack of opportunities.
It's:
• enquiries waiting for replies
• admin piling up
• sales being delayed
• tasks that should have been delegated months ago
Many businesses wait until they're overwhelmed before considering additional support.
Sometimes the right investment isn't new equipment, stock, or marketing.
Sometimes it's people.
The question is simple:
If you had the right support in place tomorrow, how much more business could you handle?

31/05/2026

One of the most common mistakes buyers make?
Falling in love with a property before checking the numbers properly.
I’ve seen people:
• mentally move in already
• plan renovations
• imagine their future there…
before knowing what a lender would approve.
Then reality hits:
affordability issues,
credit issues,
down valuations,
deposit gaps.
And suddenly someone else gets the keys.
It’s worth checking the numbers before the heart takes over.
Save this before booking your next viewing.
General information only, not financial advice.

30/05/2026

POV: you finally sit down for lunch…
…and your boss suddenly NEEDS you 😂
Small business life in one video.
Poor Galina just wanted to eat in peace 🤍

29/05/2026

Most buyers expect a huge folder of paperwork after completing on a property.
In reality, you’ll usually receive:
• title documents
• copies of deeds (if available)
• reports from your conveyancer
• key legal information about the property
And that’s about it.
Most ownership records today are stored digitally through the Land Registry rather than huge paper files people imagine receiving.
General information only, not financial advice.

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