At Haysto, we make mortgages possible. But applying for a mortgage can be super confusing. Even if you’ve done it before. Here you’ll find myth-busting articles, helpful guides and frequently asked questions.
Getting a mortgage when you’re self-employed can be difficult. Mortgage lenders tend to prefer people in full-time employment because it’s really easy and simple to understand their income. That’s because they just get paid a base salary that’s the same (or very similar) each month.
A full guide to how the global coronavirus pandemic has affected the UK property and mortgage markets and what that means for you.
Repayment mortgages are the most popular type of mortgage on the market. Find out how they work and how they’re different from interest-only mortgages.
Your credit score is one factor that lenders and banks consider when they’re deciding whether or not to give you credit, like a mortgage.
We love brokers at Haysto. But why should you use one when looking for a mortgage?
Currently, the deadline for applying for a repayment holiday is 31st March 2021. But what is a mortgage payment holiday, and should you take one?
How much stamp duty should you expect to pay when buying a property? And what are the new rules for the stamp duty holiday?
The important questions you should be asking a mortgage broker before you get started.
If you have bad credit, you might’ve been told that you can’t get a mortgage. But that’s not true! In this Guide, we’ll explain the different types and rates of mortgages that could be available to you.
If you have credit card debt or overdrafts, you might think you can’t get a mortgage. But that’s not the case. You’ll just need some help presenting your application properly.
All you need to know about mortgage deposits, such as how much to save and other things to consider when buying a home.
Thinking about using your mortgage to clear debts? Here’s your options for debt consolidation.
The government Help to Buy scheme has changed as of January 2021. For first time buyers only, Help to Buy offers the chance to own a new-build home in England with a 5% deposit.
Getting a mortgage as a single parent can be daunting. Whether you're newly single and sorting out a joint mortgage, or hoping to get on the property ladder, there's lots of options for single parents.
If you’ve been struggling with debt or have a bad credit history, you might find it hard to get a mortgage. One way to buy a home is to get what's called a guarantor mortgage.
You’ve landed the dream job, now you’ve found the perfect home. It’s an exciting time, but you might be worried about whether you can get a mortgage with a new job.
Even if your employment is relatively new, it’s still possible to get a mortgage. You’ll just need to make sure your application is structured right.
Getting a mortgage on your own can be daunting, but single mortgage applicants are very common. And because there's only one person to assess, the mortgage process can even be simpler.
All you need to know about mortgage deposits when you have bad credit, and other factors that can affect your application.
If your situation’s changed since you took out your repayment mortgage, you might be thinking about changing to interest-only. However, there’s a few things to consider before switching.
Getting a mortgage when your income isn’t straightforward can be difficult. Mortgage lenders tend to prefer people in employment with a static salary because it’s really easy and simple to understand their income.
Getting a mortgage can be a stressful experience. It’s especially daunting if you’re worried about having a low deposit.
It sounds like a bit of a mouthful, but a Joint Borrower Sole Proprietor mortgage (JBSP) can be a good way for first time buyers to get on the property ladder.
The mortgage world has changed for the better since the 2008 housing crash. But there’s still misconceptions and stigma around mortgages for people with bad credit – sometimes referred to as ‘subprime mortgages’.
When you’re a first time buyer, the mortgage process can seem daunting. It’s even more worrying if you have bad credit history. The good news is it’s still possible to get a mortgage as a first time buyer with bad credit, but it’s trickier than it would be if you had a perfect credit score.
Your credit report will be affected after an IVA. Your score will be lower and it’ll be more difficult to borrow money. This includes mortgages, loans and even mobile phone contracts. It can make getting credit more difficult, but not impossible.
If you’ve got a history of bankruptcy, it can be difficult to get accepted for a mortgage. You might be worried about how long you need to wait until you can buy a home. The good news is it's still possible to get a mortgage after being bankrupt, but you'll have different options compared to someone with a perfect credit score.
Combining finances with someone else for a joint mortgage application can feel scary. It can be even more of a worry if one applicant has bad credit. It’s a big step, with lots of important things to consider.
Most people pay a bill late at some point in their life. When applying for a mortgage, lenders can take late payments as a sign of previous financial struggle. How seriously this impacts your application depends on things like how many late payments you have and whether you have any other credit issues on your file.
If you’re an expat returning in the UK, it can be difficult to get accepted for a mortgage. That’s because it can be more difficult to prove your ties to the UK to a mortgage lender than someone who lives here full time.
Even if you have bad credit, it’s still possible to achieve your goals of getting on the property ladder. That includes taking advantage of schemes such as Help to Buy - which is available to first time buyers only. One of the biggest mortgage myths is that you can't get a mortgage if you have a low credit score - but that's not true. You just need a specialist mortgage lender who'll look at your application on a case-by-case basis.
Understanding your credit score is important when you’re applying for a mortgage because it’s good to see what the mortgage lenders will see.
Yes, it’s definitely possible to get a mortgage on a low income. But it will be more difficult than if you had higher or more straightforward earnings. You’ll probably need help from a specialist mortgage broker to make your application look as good as possible.
Combining people’s finances for a joint mortgage application can feel scary. It’s a big step, with lots of important things to consider, even when your credit is in good shape.
There isn’t a minimum credit score you need to get a mortgage. Because there isn’t a universally recognised credit score, there isn’t a universally recognised credit score that you need to have to be accepted for a mortgage.
When lenders are looking at your credit report, one of the things they’ll assess is whether you can afford to make the repayments for the money they’re lending you. Lenders will calculate your debt-to-income ratio as a way to work out what money you have coming in, and what money you have going out each month.
A full guide to everything you need to know about getting a Decision in Principle (DIP) – how to apply for one and what you’ll need to do.
If you’re looking to secure a mortgage, one of the terms that you’ll probably hear a lot is loan-to-value or LTV.
Getting a mortgage can be super confusing. If you’re a first-time buyer, it’s a completely new world full of weird words and unfamiliar processes. It can feel like an information overload, and hard to separate the facts from fiction.
Yes, that’s absolutely possible. If you’re going through a separation or a divorce and share a mortgage, this guide will help you understand your options when it comes to transferring the mortgage to one person.
If you’re going through a divorce or separation and have shared property, this guide will help you understand what to do if you have a joint mortgage.
Applying for a mortgage can be challenging and stressful. There’s always the worry that you might not get accepted, especially if you have a bad credit history.