Frequently Asked Questions (FAQs)

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Displaying 150 FAQs

Do I have to have insurance?

How do you deal with pre-existing medical conditions in relation to insurance?

What should I know about mortgage protection insurance, and is it a worthwhile investment to safeguard against unforeseen circumstances?

What mandatory insurances are there with a mortgage?

Why is buildings insurance mandatory with a mortgage?

What is a Defaqto rating?

What is an early repayment charge?

What is a "Let to Buy" mortgage?

What is the difference between a "Residential" and "Buy to Let" (BTL) mortgage?

Do maintenance payments need to be court ordered?

Can I be gifted my deposit?

Can I move during my fixed mortgage period?

What is porting?

Can you still get interest only residential mortgages?

Can I have a mortgage if I am still in my probationary period at work?

How long do I need to be self-employed for before I can apply for a mortgage?

Can I use my mortgage to repay my other debts?

If I'm in the Armed Forces, can I rent my home out from day one?

Why might my mortgage application be rejected and what would be done if this happens?

How will I know which mortgage product is right for me?

What if I have a poor credit rating?

How do I calculate how much I can borrow for a mortgage?

Are Mortgage rates coming down?

Are mortgage rates going up?

What are the costs associated with getting a mortgage?

What is the process for applying for a mortgage when buying a property?

What is the difference between repayment and interest-only mortgages?

What is a loan-to-value (LTV) ratio and how does it affect my mortgage?

How long do I have to live in the UK before applying for a mortgage?

Can you get a mortgage on a visa?

How long do I need to have a job for before applying for a mortgage?

What is an interest rate?

What is a mortgage valuation?

What's the difference between mortgage valuation and a survey?

What's the Forces Help to Buy scheme?

How long do I need on a fixed term contract?

Can I get a mortgage with handwritten payslips?

Can I be paid in cash and still get a mortgage?

Can I get a mortgage with zero-hour contract?

How long do I need to be on a zero-hour contract to get a mortgage?

Can I get a mortgage with only benefits income?

Is there an age limit on the mortgage?

When is the youngest I can get a mortgage?

What is a joint borrower sole proprietor mortgage?

Will lenders accept Disability Living Allowance (DLA) for children as parental income?

How much deposit do I need with a pre-settled status?

How much deposit do I need without permanent rights to reside in the UK?

Can you get a deposit from overseas?

Can you get a guarantor mortgage?

Can you sell your house without an estate agent?

Do you need to use the mortgage adviser that's provided by the estate agent?

What is an offset mortgage and is it right for me?

What is a Mortgage Indemnity Guarantee?

How does a mortgage term length affect the overall cost of the loan, and what are the pros and cons of longer versus shorter terms?

How can I remortgage and what are the benefits?

What is equity?

What are the common pitfalls to avoid when applying for a mortgage?

When is too early to speak to a Mortgage Adviser?

Can a Mortgage Adviser give tax advice?

How much do solicitors cost when buying a property?

How does the mortgage application process differ for self-employed individuals compared to salaried employees?

What happens if I miss a mortgage payment?

Can I make overpayments or pay off my mortgage early?

What are the criteria for qualifying for a shared ownership mortgage, and how does it compare to other forms of homeownership?

What is the role of a Mortgage Adviser, and should I use one?

How does the mortgage application process differ if I'm purchasing a new build property versus an existing home?

What are the costs involved with buying a home?

Can the cost of moving, be added to my mortgage?

How does a Mortgage Adviser's fees work?

What should I be aware of when choosing a broker for my mortgage needs?

What is Stamp Duty?

What are the key factors lenders consider when assessing my mortgage application, and how can I enhance my eligibility?

What is a conveyancer and what do they do?

How does the mortgage underpayment facility work, and what impact can it have on the overall term and cost of my mortgage?

How does my credit score impact the interest rate I am offered on my mortgage, and what can I do to improve it?

What factors should I consider when deciding between a mortgage with a lower interest rate and one with fewer fees?

How do lenders evaluate the value of a property for a mortgage, and what factors can influence the valuation outcome?

What are the implications of applying for a mortgage jointly with someone else, and how does it affect the application and ownership?

How long do I need employed for before I can get a mortgage?

Can I get a mortgage if I have been bankrupt?

Do my utility bills impact how much I can borrow?

Can I buy my council house?

Can I speak to a Mortgage Adviser on a Sunday?

How can I book a mortgage appointment?

Does having solar panels on my house affect my mortgage application?

Can I rent out a room if I've got a mortgage?

Will lenders accept income protection payments for affordability?

Can I update my mortgage with no or reduced income?

Will lenders accept student stipend as a form of income?

Will lenders accept NHS bank work as a form of income?

How does shared ownership work?

Can I sell my house at a discount to a family member?

Can I remortgage to pay off debt?

Can I have more than one residential mortgage?

What is an Agreement in Principle (AIP)?

How long does an AIP last?

What is the difference between an AIP, DIP, or MIP?

Does speaking to a Mortgage Broker impact my credit score?

I have bad credit; will this affect my mortgage affordability?

How do I get a copy of my credit report?

I have outstanding defaults & CCJ, can I still get a mortgage?

Which mortgage lenders are the most ethical?

What is the difference between a bank and a building society?

How many people can I have on a mortgage?

Can I put my child on a mortgage?

Can I have a mortgage with a friend?

Can I pay my mortgage off early?

How can I improve my credit score?

What is a memorandum of sale?

What is the difference between a solicitor and a conveyancer?

Can I get a mortgage with a low credit score?

What is the difference between fixed-rate and variable-rate mortgages?

What are the types of variable rate mortgages?

What happens at mortgage completion?

Can I get a mortgage if I am on maternity leave?

How much deposit do I need for a buy-to-let mortgage?

Can I use my savings as a deposit for a mortgage?

What is an interest-only buy-to-let mortgage?

How does the Bank of England base rate affect mortgage rates?

Can I change my mortgage term after I have taken out a mortgage?

What is a guarantor mortgage?

What is a consent to let mortgage?

What is the difference between leasehold and freehold properties?

Can I get a mortgage if I am retired?

How can I release equity from my home?

What is a mortgage overpayment?

Can I transfer my mortgage to another property?

When porting my mortgage can I change the term?

Can I get a mortgage if I am self-employed?

Can I remortgage if my home has gone up in value?

What is adverse credit?

What is a bridging loan?

Can I buy a second home with a mortgage?

How long does it take to get a mortgage offer?

What is a tracker mortgage?

What is the difference between a remortgage and a product transfer?

What is the minimum deposit I need?

What does it cost to move home?

What is a first-time buyer?

What about stamp duty? What is it and will I have to pay?

Where will my appointment be?

How do I book an appointment?

Are you regulated by the FCA?

How long does the process take?

What are the main stages of the house buying process?

Can I reserve a product before I find a house?

What are your fees?

What information will you need from me?

What will happen at the first appointment?

Do appointments have to be face-to-face?

Your local mortgage and insurance advisers.

Open Mon-Sat, 8am-6pm.

Book an Appointment

Peter Baker - Local Mortgage adviser helping people in Bourne, Spalding, Stamford, Peterborough and surrounding villages.

Path Mortgages & Path Insurance Services are trading names of Path Mortgages Ltd. Path Mortgages Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority. Find us on the Financial Services Register under our firm reference number of 979545. Registered Office: Eventus Sunderland Road, Market Deeping, Peterborough, PE6 8FD. Registered Company No.: 14208426 Registered in England & Wales. A broker fee may be payable upon mortgage application as well as an administration fee. Typically, we charge a fee of £599 for arranging a mortgage, however, the actual fee will depend on your circumstances.

You may have to pay an early repayment charge to your existing lender if you remortgage.

Your property may be repossessed if you do not keep up repayments on your mortgage. Not all Buy to Let Mortgages are regulated by The Financial Conduct Authority.

As with all insurance policies, conditions and exclusions will apply.

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