Yes, there are no reasons why lenders will discriminate when assessing your affordability. All lenders have a range of products available for people will various income types. There are lenders that can assist even if you only have one year’s trading.
GoMortgage can obtain a mortgage in principle for you from a lender that will only carry out ‘soft search’ on your credit file. This type of credit check is not visible to lenders and can only be seen by you. Our search won’t be seen by anyone if you make any applications for mortgages or any other credit.
Remortgaging occurs when your rate typically comes to an end on your current deal. At this point it’s likely your interest rate can hike to what’s known as the Standard Variable Rate (4-6%). We would start looking at your remortgage options a few months before this date to secure you a new deal. This involves scanning the market and checking what your current lender can offer to provide a comparison.
We will guide you through the whole process to ensure the house buying or remortgage process is efficient and stress free. Our step by step guide will ensure you have peace of mind right until your mortgage completes.
There are lenders on the market now that will accept a 5% deposit. To qualify this depend your circumstances and credit file. Typically a bigger deposit means a cheaper rate however there are government schemes available to allow you to get into your dream home with a small deposit.
If you have had credit problems in the past unfortunately this will impact you eligibility with a mortgage however, GoMortgage has access to a range of lenders that can help individuals it your situation.
Over time we have helped people obtain mortgages for people with Bankruptcies, IVA’s, CCJ’s, Defaults and poor credit scores. We will explore all the options to ensure we leave no stone unturned.
Most lenders will allow overpayments up to 10% of your mortgage balance per annum. You can also make a large overpayment when your remortgage or can amend your monthly payments to a higher amount if you have disposable income.
