The most common mortgage questions answered

If you’re thinking of applying for a mortgage, there may be lots of questions you need answering. That’s why we’ve put together some golden nuggets of information which we hope you’ll find useful. You can also search our blogs here on our website or why not give us a call on 01908 597 655 to make an appointment with one of our friendly, experienced mortgage advisers?

Can I get a mortgage on maternity leave?

The answer is yes, you can. We work with lenders that are willing to give you a mortgage even if you’re on maternity leave.

Do I need 3 years’ books if I’m self-employed?

Not necessarily; we have lenders that will accept 1 year’s books. Did you also know that CIS workers are treated as self-employed by lenders?

What salary multiplier do lenders use?

Some of our lenders are now lending up to 5.5 times annual salaries – and in some cases, even 7 times. Give us a call on 01908 597 655 to see what you could borrow on a mortgage.

Can I get shared ownership with no deposit?

Yes – we have access to a lender that will allow you buy a shared ownership with 0% deposit. To find out more about shared ownership please read our blog.

Can I use a loan for my deposit?

You may be surprised to know that yes, you can with Santander. They’ll allow you to use money from a loan as your deposit, as long as it’s affordable for you and the loan itself is not from them.

Can I get a mortgage if I’m starting a new job?

Nationwide will loan against a forthcoming contract, as long as you are starting your new job within three months.

Will a lender look at my UK Visa status?

We have lenders that will loan no matter what your UK Visa status is. This is subject to the lender’s criteria so please give one of our friendly team a call if you’d like to know more.

If you have any mortgage-related questions, remember we’re just a phone call away. Just call 01908 597655 or leave a reply below and one of our friendly team members will be in touch.