A mortgage is a loan used to buy a property, where the property acts as security. It is repaid over an agreed term with interest.
Main types:
Most lenders assess borrowing based on:
Typical borrowing: 4–4.5x income, though it varies by lender. A mortgage broker can provide a realistic estimate before applying.
Exact figures depend on interest rates, outgoings, and lender criteria.
An AIP shows how much a lender may lend, based on an initial assessment.
It is not a guarantee but is often required by sellers and estate agents before accepting an offer.
Delays can occur due to valuations, legal work, or missing documentation.
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Borrowing is based on income, affordability, and credit history. Some lenders offer products specifically for first-time buyers.
Learn more in our First-Time Buyer Mortgages UK service.
All fees are explained upfront before proceeding.
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Switching your mortgage to a new deal (same or new lender) to:
See our Remortgage UK service for tailored advice.
Start reviewing options 3–6 months before your current deal ends to avoid higher rates.
Our Home Mover Mortgages UK service also assists with moving between properties.
Yes, subject to affordability and lender criteria.
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Yes. Lenders usually require:
Some lenders accept 1 year’s accounts depending on circumstances.
See Self-Employed & Contractor Mortgages UK for expert guidance.
Lenders may assess:
A broker helps match your structure to suitable lenders.
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Minimum 25% deposit. Rental income must meet stress tests.
Learn more in Buy to Let Mortgages UK.
Yes, although lender choice is limited.
Yes, typically requiring larger deposits and documentation.
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Yes, depending on:
Specialist lenders may consider cases mainstream lenders won’t.
Yes, subject to lender review of age, value, and circumstances.
Yes, higher rates and larger deposits are common.
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Additional documents may be requested.
At Middleton Finance, £399, payable on receipt of a mortgage offer.
All fees are explained clearly upfront.
No. All fees are disclosed upfront.
No. Stamp Duty Land Tax is separate.
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Not legally required, but protects your family.
Learn about Income Protection Insurance UK and Critical Illness Cover UK.
Pays a lump sum if diagnosed with a serious illness.
Provides a regular income if unable to work due to illness or injury.
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Arrange an initial consultation for clear regulated mortgage advice.
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