In most cases, you’ll need a salary of around £60,000–£75,000 to get a £300k mortgage in the UK, depending on your deposit, income type, and lender affordability rules. Below, we break down real salary scenarios, deposit examples, and affordability tables so you can...
We helped a client to secure a £1 Million+ mortgage with bonus income within 7 working days. But, it wasn't as simple as it might seem. The Challenge A client with strong earnings needed a large mortgage quickly, but their income structure included variable bonus...
Large Mortgage UK: How to Borrow £500k–£2m+ If you're looking to secure a large mortgage in the UK, you're likely trying to borrow £500,000 or more, often for property in London or higher-value areas. At this level, mortgage lending becomes more specialist. The lender...
In a move that may impact both new and existing borrowers, Santander for intermediaries has recently made adjustments to its mortgage rates and products. The high street bank's broker-only arm has raised selected residential and landlord rates, prompting reactions...
Skipton, one of the leading mortgage providers in the UK, has announced significant changes to its buy-to-let criteria, affecting landlords across the UK. The modifications include adjustments to the Buy-to-Let Stress Rate for different fixed-term products. The stress...
In the 12 months leading up to May 2023, the UK property market experienced a moderate increase in average house prices, according to the latest data released by The Office for National Statistics (ONS). The report indicates that the average house price across the UK...
This afternoon, mortgage lenders NatWest and Coutts, have announced rate increases on their mortgage products, despite the recent drop in inflation to 7.9%. The decision has left many customers puzzled, as the current economic climate suggests that there could soon be...
In a surprising turn of events, the UK inflation rate has dropped to 7.9% in July 2023, marking a significant decrease from recent highs. It now stands at the lowest it has been in 16 months! The news comes as a relief to homeowners and potential buyers who have been...
London based mortgage lender Metro Bank has recently unveiled the upgraded version of its mortgage origination platform. The platform aims to revolutionise the mortgage application process for intermediaries while laying the groundwork for the launch of new products...
When it comes to mortgages, there are various types available to suit different financial situations and goals. Sometimes a standard repayment and interest loan is neither beneficial or appropriate for a borrower, and alternative repayment methods might be more...
Over the last few months, the UK has seen a sharp increase in average mortgage rates due to increasing economic pressures. This coupled with the general cost of living crisis has meant that many people who were once enjoying low mortgage costs and relatively...
The UK mortgage market has witnessed its fair share of fluctuations in recent months, with interest rates playing a pivotal role. As homeowners and prospective buyers seek stability and affordability, the question on everyone's minds is whether we are headed for seven...
In an exciting development for prospective homebuyers and existing mortgage holders, TSB has announced significant improvements to its lending criteria. Effective from the 13th of July 2023, the changes aim to enhance affordability and accessibility for borrowers....
London is a great city...in fact, ask a resident and they will most likely tell you that it is the greatest city in the world! Yes, we might not have the best weather all the time, we might not have the white sand beaches and crystal blue oceans, but there is...
One of the biggest issues that new borrowers and existing mortgage owners struggle with nowadays is mortgage affordability. Yes, you may be able to afford a £1,000 a month rental payment or your existing mortgage of £2,000 a month, but unfortunately this means nothing...
If you have any questions about UK mortgage news or anything you’ve read then please get in touch. We’d love to hear from you.