Mortgage Haven UK

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6 Million...

That is the estimated number of people in the UK that have some form of adverse credit. This could be missed payments, Defaults, CCJ's, IVA's and so on...

But just because you have adverse credit on your credit report does not necessarily mean you are unable to obtain a mortgage but it is important to know the type of adverse you have (as each type is assessed differently) to know your potential options as well as ay steps you may need to take in advance - forward planning is crucial when it comes to mortgages and buying property but especially if you have had previous credit issues.

If you have a form of adverse credit it is important you discuss these individual circumstances with a professional adviser.

Your credit profile is a key factor on determining your mortgage options so it is crucial you understand your credit profile and get professional advice.

📲 DM us NOW to get a copy of our Free Credit Guide and Report

*** This post is not to be taken as advice. Please speak to a professional adviser to assess your individual circumstances. ***

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Thank you Karim for leaving us this review. It was great to assist you through your journey, all the best with your new home 🏡

💳 Missed Payments & Getting a Mortgage

Missed payments are fairly common in general and can be a range of factors which come to a missed payment on a credit commitment for instance your direct debit has stopped without you realising or with a busy life you forgot to login to an account to make your monthly payment.

But can a missed payment or a series of missed payments impact your mortgage options?

The types of things to consider and understand if you have a missed payment(s) and you are looking to get a mortgage -

How many missed payments you have? Is it just 1 or does your report show 3 or 4+ missed payments?
When these were registered?
What type of commitment were these missed payments on? (credit card, utilities, loans etc..)

Your credit profile is a key factor on determining your mortgage options so it is crucial you understand your credit profile and get professional advice.

📲 DM us NOW to get a copy of our Free Adverse Credit Guide and Report

*** This post is not to be taken as advice. Please speak to a professional adviser to assess your individual circumstances. ***

Property of The Week - Severn Road, East Kilbride

Enjoying a convenient location within the established Gardenhall area of East Kilbride is this bright and generously proportioned top floor apartment. Boasting pleasant, elevated views, this attractive property has been maintained to a high standard and is presented to the market in walk-in order. Comprising shared entrance and stairwell complete with security entry system, welcoming reception hallway with convenient storage off, and providing direct access to all main apartments, attractive formal lounge offering excellent proportions and incorporating pleasant elevated views over the surrounding area.

Fixed price £5,000 below Home Report value.

Estate Agent - Pacitti Jones
Link to listing - https://www.rightmove.co.uk/properties/144307997 #/?channel=RES_BUY

Illustrative Mortgage Figures -
5 year fixed
Mortgage - £90,000 (90% LTV)
Interest rate - 4.49%
Monthly payment - £425.37 (based on 35 years term)

*** Figures provided are for illustration purposes only. Mortgage product rate shown is a selected mortgage product available on 25th October 2024 - for full mortgage advice please speak with a professional adviser, this post is not to be taken as advice ***

Property of The Week - Simpson Loan, Quartermile, Edinburgh, EH3

Simpson Loan is part of the Quartermile development near Edinburgh's Old Town and City Centre, offering amenities like a 24-hour PureGym, mutiple cafes, and Sainsbury's Local. The Meadows green space is nearby, with bars, restaurants, and cafes within walking distance.

It is a stones throw away from Edinburgh University and is served by great transport links throughout the city.

Fixed price below Home Report value

Estate Agent -

Link to listing - https://coxandco.co/property/simpson-loan-quartermile-edinburgh-eh3/

Illustrative Mortgage Figures -
5 year fixed
Mortgage - £297,000 (90% LTV)
Interest rate - 4.29%
Monthly payment - £1367.20 (based on 35 years term)

*** Figures provided are for illustration purposes only. Mortgage product rate shown is a selected mortgage product available on 18th October 2024 - for full mortgage advice please speak with a professional adviser, this post is not to be taken as advice ***

NEW - PROPERTY OF THE WEEK

Introducing a new weekly feature where each week we will select a property on the market and share that across our social media channels.

We will mainly be looking at properties across the central belt of Scotland but may look out with those areas.

We will also tend to focus on properties that have been on the market for 2/3 months + - often properties can be on the market longer than others but there is not always a particular reason for that.

We will also provide some illustrative mortgage figures on the chosen property for the week.

Property of the Week will come to you every Friday beginning tomorrow!

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Thank you Alex for leaving us this review. It was great to assist you through your journey, all the best with your new home 🏡

🏡 Fed up with renting...?

The two big cities in Scotland have seen the highest increase in rents over the last year or so in comparison to other UK cities with other towns an areas across Scotland showing similar increases.

There are a number of factors which contribute to this such as the Scottish Government rent cap legislation which was designed to protect renters from landlords hiking up rents but has in reality backfired significantly and has contributed to the increases we have seen as landlords are able to increase rental demands between tenancies.

There is a solution through - buying your own property... and it may not be as difficult as you think.

The re-emergence of the Lift Scheme which has came back at a great time for is designed to help first time buyers and other groups get on the property ladder. The scheme allows buyers to get between 10-40% of the property value from the LIFT Scheme to buy a property, the scheme would hold that percentage stake in your property in return.

Great for those with lower deposits - it is difficult to save a deposit when paying high rents
Both 0% deposit option available as well as 5% deposit of your share are popular solutions.

We have had a huge amount of enquiries in the LIFT Scheme, assisting clients in their journey - the LIFT Scheme did run out of funding last year and we do not know how long the scheme will be available this time round.

Get in touch today to discuss your options
0131 202 7630

🚨 THE LIFT SCHEME IS BACK

This morning Lift announced the return of the Open Market Shared Equity Scheme

Want to buy a home on the open market but don’t think you can afford the full price? The LIFT Scheme could help.

You could be eligible to receive up to 40% of a purchase price/property valuation from the Scottish Government. In return the Government would have a share of your property.

Reasons to buy though the Lift Scheme -
- Lower monthly payments
- Skip a step of the property ladder & stretch the purchase price you can buy for
- No interest on equity share and can pay back throughout ownership or on sale of the property.
- Ideal for those with lower deposits (0% deposit and 5% of the share deposit options available)

Available for -
✅ First Time Buyers
✅ Disabled people
✅ Owners with significant change in circumstances
✅ Social Renters
✅ Armed Forces & Veterans

Contact us for more information and to find out if you are eligible

0131 202 7630
https://buff.ly/3qwJQ7C

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Thank you Heather & Euan for leaving us this review. It was great to assist you through your journey, all the best with your new home 🏡

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Thank you Ayo for leaving us this review. It was great to assist you through your journey, all the best with your new home 🏡

🤔 How Quick Does Your Broker Work For You?

We had a new client enquiry call in on Thursday afternoon after being let down by a previous broker. Due to this the client had a tight turnaround time for the completion of their purchase.

We were able to move quickly to get a full appointment booked in with the client on Friday afternoon to then submit the mortgage application.

Despite the weekend and the Bank Holiday Monday, we mortgage offer was secured for this client yesterday afternoon.

Being able to act fast and deliver for our client has taken the stress and anxiety out of the situation with our client now looking forward to getting the keys to their new property soon.

The level and detail of the service we provide our clients is key to what we do at Mortgage Haven UK, while we cannot always get mortgage offers within 1 working day - we do everything we can to deliver for our clients.

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Thank you Iris for leaving us this review. It was great to assist you through your journey, all the best with your new home 🏡

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Thank you Gemma for leaving us this review. It was great to assist you through your journey, all the best with your new home 🏡