Jake Stott CeMap’s Post

📍 Can Everyone Borrow 4.5 Times Their Income for a Mortgage? Let’s Break It Down! 📍 The answer is: Not always. Affordability varies based on several factors, including: ✅ Your Credit History: A strong credit score can improve borrowing potential. ✅ Income & Outgoings: Lenders look at your income alongside costs like utilities, council tax, and other monthly commitments. ✅ Lender Policies: Some lenders offer between 4.5 to 6 times your income, depending on their criteria. ✅ Fixed Rate Term: You may be able to borrow more with a longer fixed-rate product compared to a shorter one. Every lender is different, and your circumstances will play a big role in what’s possible. That’s why sitting down with a mortgage broker can make all the difference – they’ll calculate your affordability and find the best deal for you! 💡 Want tailored advice? Follow us for more mortgage tips or reach out today. Your home may be repossessed if you don't keep up repayments on your mortgage. Mondo Mortgages is a trading style of Fort Advice Bureau which is regulated and authorised by the FCA to conduct Mortgage and Protection business, FRN: 972730 #MortgageTips #MortgageAffordability #MondoMortgages #UKMortgages #HomeBuying #BorrowingPower #MortgageBroker

🏦 No Credit History? Here’s What You Need to Know About Mortgages! 🤔 Lacking a credit history can make securing a mortgage a bit tougher, especially if you're planning a small deposit. Why? Lenders have no past data to gauge how you handle debt. 📉 This might make you seem riskier to some, but it’s not a dealbreaker! 🚀 ✨ Tips: Research: Look for lenders known for being flexible with first-time borrowers. Consult a Mortgage Advisor: Get expert advice tailored to your situation. Don’t let lack of credit stop your home buying dreams! #MortgageTips #FirstTimeBuyer Your home may be repossessed if you don't keep up repayments on your mortgage. Mondo Mortgages is a trading style of Fort Advice Bureau which is regulated and authorised by the FCA to conduct Mortgage and Protection business, FRN: 972730

📍 Long-Term Fixed Rate Mortgages: Unlock More Buying Power! 🏡 Did you know that long-term fixed-rate mortgages can potentially let you borrow up to six times your household income? Here’s why they’re worth considering: Why Choose a Long-Term Fixed Rate Mortgage? 🔒 Stability & Peace of Mind – Your payments stay the same for 10, 15, or even 25 years, shielding you from future interest rate hikes. 💰 Easier Budgeting – With a consistent payment, you can plan your finances confidently over the long term. 🏠 More Borrowing Power – Lenders may offer higher borrowing amounts since your fixed rate ensures affordability over time. 💡 Get into Your Dream Home Sooner – It could mean a bigger property sooner than you thought possible! But Is It Right for You? Long-term fixed-rate mortgages aren’t for everyone. It’s essential to understand the pros and cons before committing. 📞 Tip: Speak to a mortgage broker who can guide you through your options and help find the best fit for your unique situation. Follow for more tips Your home may be repossessed if you don't keep up repayments on your mortgage. Mondo Mortgages is a trading style of Fort Advice Bureau which is regulated and authorised by the FCA to conduct Mortgage and Protection business, FRN: 972730 #MortgageTips #FixedRateMortgage #HomeBuying #MortgageBroker #FinancialPlanning

🏢 Thinking of a Buy-to-Let Through a Limited Company? 🏠 Due to recent tax changes, this option has gained popularity. But is it right for you? 🤔 Consult an accountant to tailor your mortgage structure. Remember, while rates may be slightly higher, the gap is narrowing. 📊 Ensure rental income is at least 125% of your mortgage interest to keep it viable. For access to all options, consider speaking with a mortgage advisor. #PropertyInvestment #BuyToLet Your home may be repossessed if you don't keep up repayments on your mortgage. Mondo Mortgages is a trading style of Fort Advice Bureau which is regulated and authorised by the FCA to conduct Mortgage and Protection business, FRN: 972730

🏢 Thinking of a Buy-to-Let Through a Limited Company? 🏠 Due to recent tax changes, this option has gained popularity. But is it right for you? 🤔 Consult an accountant to tailor your mortgage structure. Remember, while rates may be slightly higher, the gap is narrowing. 📊 Ensure rental income is at least 125% of your mortgage interest to keep it viable. For access to all options, consider speaking with a mortgage advisor. #PropertyInvestment #BuyToLet Your home may be repossessed if you don't keep up repayments on your mortgage. Mondo Mortgages is a trading style of Fort Advice Bureau which is regulated and authorised by the FCA to conduct Mortgage and Protection business, FRN: 972730

🏢 Thinking of a Buy-to-Let Through a Limited Company? 🏠 Due to recent tax changes, this option has gained popularity. But is it right for you? 🤔 Consult an accountant to tailor your mortgage structure. Remember, while rates may be slightly higher, the gap is narrowing. 📊 Ensure rental income is at least 125% of your mortgage interest to keep it viable. For access to all options, consider speaking with a mortgage advisor. #PropertyInvestment #BuyToLet Your home may be repossessed if you don't keep up repayments on your mortgage. Mondo Mortgages is a trading style of Fort Advice Bureau which is regulated and authorised by the FCA to conduct Mortgage and Protection business, FRN: 972730

Do you think you have a low credit score or bad credit? Some lenders take a holistic view of your financial situation, considering more than just your credit score. So, even if your credit isn't perfect, there could still be options available to you. 💼💡 Please PM or call us on 01357 680660 about your unique circumstances and find the right solution together. 🏡🔍 #CreditScore #BadCredit #MortgageOptions #FinancialFreedom #Mortgagesuk #MortgageBrokerGlasgow #FinancialFreedom #IngridCairns #SelfEmployedMortgages #Strathaven Your Home (Or Property) May Be Repossessed If You Do Not Keep Up Repayments On Your Mortgage. Some Forms Of Buy To Let Mortgages Are Not Regulated By The Financial Conduct Authority. A Fee May Be Charged For Mortgage Advice. The Exact Amount Will Depend On Your Circumstances But It Will Not Exceed £495.

First Time Buyer? Let's simplify how mortgages work… 1. Property search: Choose a home that suits your needs and budget. 2. Deposit: Typically, a minimum of 5% of the property's price, but can be less 3. Mortgage Type: Most commonly, Fixed or Variable interest rates. 4. Application: Your request for lender approval. 5. Repayment type: Decide between Interest-Only or Repayment plans. 6. Term: Define the duration, commonly 25 years but can be much longer. 7. Additional Costs: Account for Stamp Duty, legal fees, & moving costs. 8. Repayment: Monthly instalments until the loan is settled. Remember: Your home may be repossessed if you do not keep up repayments on your mortgage. Each mortgage journey is unique! Always seek professional, personalised advice tailored to your circumstances. Your dream home awaits! Fort Advice Bureau are regulated and authorised by the FCA to conduct Mortgage and Protection business, FRN: 972730 #UKHomebuying #MortgageJourney#PropertyMarketUK

𝐐: 𝐖𝐡𝐚𝐭 𝐢𝐟 𝐈 𝐝𝐨𝐧’𝐭 𝐡𝐚𝐯𝐞 𝐞𝐧𝐨𝐮𝐠𝐡 𝐬𝐚𝐯𝐞𝐝 𝐟𝐨𝐫 𝐚 𝐝𝐨𝐰𝐧 𝐩𝐚𝐲𝐦𝐞𝐧𝐭? 𝐀𝐫𝐞 𝐭𝐡𝐞𝐫𝐞 𝐚𝐧𝐲 𝐨𝐭𝐡𝐞𝐫 𝐨𝐩𝐭𝐢𝐨𝐧𝐬? A: Absolutely! While most homebuyers need to have at least 5% of the purchase price saved from their own resources, there are alternatives if you're short on savings. Some lenders offer the option to borrow your down payment if you have good credit. This can be done through a Line of Credit or a Personal Loan. Keep in mind, the loan details and payments will be considered when determining how much mortgage you can afford. Curious about how this could work for you? Feel free to message me! Tanya Rogalczyk Simply Mortgages with Maximal Mortgages Inc. info@tanya-simplymortgages.ca https://lnkd.in/gQpGMtnr #DownPaymentOptions #HomeBuyersTips #MortgageHelp #FirstTimeHomeBuyer #HomeLoanAdvice #MortgagePlanning #RealEstateTips

📍 Long-Term Fixed Rate Mortgages: Unlock More Buying Power! 🏡 Did you know that long-term fixed-rate mortgages can potentially let you borrow up to six times your household income? Here’s why they’re worth considering: Why Choose a Long-Term Fixed Rate Mortgage? 🔒 Stability & Peace of Mind – Your payments stay the same for 10, 15, or even 25 years, shielding you from future interest rate hikes. 💰 Easier Budgeting – With a consistent payment, you can plan your finances confidently over the long term. 🏠 More Borrowing Power – Lenders may offer higher borrowing amounts since your fixed rate ensures affordability over time. 💡 Get into Your Dream Home Sooner – It could mean a bigger property sooner than you thought possible! But Is It Right for You? Long-term fixed-rate mortgages aren’t for everyone. It’s essential to understand the pros and cons before committing. 📞 Tip: Speak to a mortgage broker who can guide you through your options and help find the best fit for your unique situation. Follow for more tips Your home may be repossessed if you don't keep up repayments on your mortgage. Mondo Mortgages is a trading style of Fort Advice Bureau which is regulated and authorised by the FCA to conduct Mortgage and Protection business, FRN: 972730 #MortgageTips #FixedRateMortgage #HomeBuying #MortgageBroker #FinancialPlanning