Can a Mortgage Be Declined Due to Late Payments? Mortgages with Late Payments FAQ If you have late payments on your credit file, you may be worried about your chances of mortgage success. Maybe you’ve been declined already, and your late payments were the reason. Though late payments can have an impact on your credit score, they don’t [...]

Can a Mortgage be Declined After Offer? For most people, a formal mortgage offer is cause for celebration. After all, it means you are now able to finance your homeowning dreams! However, an offer is not the same as closing, and a few different scenarios can still put a spanner in the works. For The Mortgage Heroes, a declined [...]

What Should You Do if Your Mortgage is Declined After Valuation? A declined mortgage following a property valuation can be a real blow. Not only are your home-owning plans at stake, but your dream property may not be as perfect as you first thought! Valuations are necessary to make sure the property in question is suitable security for the [...]

Mortgage Declined Before Completion – What to Do Next Having your mortgage declined is disappointing at any stage of the house buying process. But, if the day of completion is in sight, it can be excruciating. Late completion is one thing, failing to complete at all is a breach of your contract and can have significant financial and legal [...]

What Should You Do if Your Mortgage Has Been Declined After Agreement in Principle? An Agreement in Principle (AIP) is exciting to receive. It can make the thought of owning a home seem less of a thought and more of a real-world option for you and your family. But, it’s important to understand that an AIP is highly conditional [...]

Mortgage Declined on Affordability? Here’s What to Do It’s bitterly disappointing to learn that your mortgage application has been declined. You may have found the house of your dreams and are looking forward to moving in day. But, without finance, those home-owning dreams might seem further away than ever. Don’t worry, it’s not the end of the world if [...]

What Should You Do if Your Mortgage Has Been Declined by Underwriter? You’ve passed the initial checks, found the property of your dreams, and maybe even have a Mortgage Agreement in Principle. You’re ready to exchange contracts and start the countdown to move in day. But then, the worst thing happens! Your mortgage is declined by the underwriter, scuppering all [...]

Can Agency Workers Get a Mortgage? As an agency worker, you might think a mortgage is completely off the table. Flexible work is becoming more and more popular in the UK and all these people need somewhere to live. Unfortunately, it can be a bit of a minefield trying to navigate the mortgage application process as an agency worker [...]

CIS Mortgages - All You Need to Know About CIS Mortgages As a contractor in the construction industry, getting a mortgage can be a real headache. Between inconsistent earnings, tax deductions and wary lenders, it can be difficult to get yourself a good deal, even if you’re in a great financial situation! Now, there’s no specific ‘CIS mortgage’, you’ll [...]

How to Get a Mortgage Fast Let’s be honest, nobody likes waiting. Getting something done quickly feels great, and in the age of Amazon Prime and fast-food delivery, we’ve grown accustomed to getting what we want, when we want it. There’s lots of reasons why you might need a quick turnaround on your mortgage. Maybe you require a quick [...]

What is a Debt Consolidation Loan & How Does it Work? There are a whole host of options when it comes to dealing with your debts. Taking a new loan out to deal with your current loans might sounds like a bad idea, but there are some distinct benefits to doing so, if you choose to. A debt consolidation [...]

Top Tips for Getting a Mortgage as a Contractor Working as a contractor provides a great deal of flexibility and independence to those who take the leap. However, despite all of the benefits, getting a mortgage can be a little trickier than it might be for those employed by a company. But don’t despair! Even if you’re a contractor [...]

What is Negative Equity on a House? What is Negative Equity on a House? In this guide the experts at The Mortgage Heroes discuss all the key information you need to know about negative equity. Find out what it means, how it happens, who it affects and more with this handy blog. Find [...]

An Overview of Mortgage Interest Rates What is a Mortgage Interest Rate? Usually expressed as an annual percentage of the loan, your mortgage interest rate refers to the cost of borrowing money to pay for your property. It is an extra amount you are required to pay to your lender in addition to paying off the [...]

What are the Different Types of Mortgages? If you’re looking to buy a property, one of the most important aspects to consider is the type of mortgage you wish to take out. This is a vital decision because choosing the right mortgage deal can save you thousands of pounds. Which type of mortgage is most suitable to you will [...]

How to Get a Mortgage When Self-Employed. Are you self-employed looking to get a mortgage? We’ve put together this handy guide to self-employed mortgages to help you improve your likelihood of having your application accepted. Can Self-Employed Get a Mortgage? Yes, getting a mortgage when self-employed is certainly possible. You are generally considered as self-employed [...]

Mortgage Terminology Explained – A Glossary of Mortgage Terms Here at The Mortgage Heroes, we’re passionate about helping people across the UK find a mortgage and the right cover, regardless of their situation and background. We have over 20 years of combined experience in the industry and have been heroes for foster care mortgages, self-employed mortgages, bad credit mortgages, [...]

Fixed-Rate Mortgages – A Beginner’s Guide to Fixed-Rate Mortgages Our team at The Mortgage Heroes have put together this guide to fixed-rate mortgages to explain what they are, how they work, and the pros and cons they present. What is a Fixed-Rate Mortgage? There are two main types of mortgages; fixed or variable. As [...]

Loan-to-Value (LTV) – Understanding Loan-to-Value & How it Works What is Loan-to-Value (LTV)? Expressed as a percentage, Loan-to-Value (LTV) refers to the ratio between the value of the loan you take out and the value of the property as a whole. It is the portion of the property’s value that isn’t covered by your deposit. [...]

Credit Score & Mortgages – What Credit Score Do You Need for a Mortgage?In this guide, our team here at The Mortgage Heroes explain everything you need to know when it comes to credit score and mortgages. What is Credit Score? Credit score is a number that represents your creditworthiness and how much of a financial risk you [...]

Remortgages FAQ – The Ultimate Guide to Remortgaging What is a remortgage? How long does a remortgage take? Is remortgaging a good idea?In this guide we’ve answered the most frequently asked questions to help you understand everything you need to know about remortgages.If you have any questions that haven’t been answered, please don’t hesitate to get in touch with The [...]

Mortgage Declined – What to Do Next? In this article we look at everything surrounding declined mortgages, including the reasons behind why you may have been declined and what you should do next. Why Has My Mortgage Been Declined? If your mortgage application has been refused, it means you don’t comply with your [...]

Getting a Mortgage as a Contractor - Everything You Need to Know In this guide, our team of experts at The Mortgage Heroes discuss everything a contractor needs to know in regard to securing a mortgage. What is a Contractor Mortgage? Contractor mortgages are a type of mortgage aimed at contract workers. They can [...]

Mortgages for Foster Carers. If you’re a foster carer looking for professional help in securing a mortgage deal, then you’ve come to the right place. In this guide the experts at The Mortgage Heroes discuss everything you need to know as well as answer the most frequently asked questions. Why Can’t I Get a Mortgage [...]