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Sole Name Mortgage for a Married Applicant in Essex

Mortgage Advice in Essex for Sole Name Mortgages

We find that the vast majority of married applicants would much prefer applying for their mortgage jointly, as opposed to separately in their sole name. Property prices have often gone much beyond wage increases in recent years and a lot of the time, you need two salaries in order to qualify.

That being said, you may sometimes find that you are actually in a situation where one salary is enough to cover the amount that you are asking the mortgage lender to borrow. Additionally, an applicant may actually have their own specific reasons as to why they would rather apply in their sole name.

Previous Credit Problems

One of the reasons for a sole name mortgage application, could be that one of the couple has bad credit tied to their name, such as bankruptcy or perhaps a CCJ. This could prevent them for applying for a mortgage, even if they would like to.

In some of these cases, so long as the other half of the couple doesn’t have their own credit problems, they could still be able to apply for a mortgage in their sole name. This can also apply to business partners or friends.

The person who is eligible for a sole name mortgage would need to be wary of any future financial association to their partner. Any ties to them and their bad credit could affect your credit score drastically, lowering your chance of obtaining any future mortgage.

Borrowing Capacity

Other situations where one of the applicants may look to instead buy in their sole name, is if their other half happens to be unemployed for some reason.where an applicant may choose to go the route of applying in their sole name, can include if the other applicant is unemployed.

As a general rule of thumb, couples where one half is unemployed, actually may have a lower maximum borrowing capacity than if the working applicant had instead applied in their sole name. We do find this situation coming up quite regularly.

Applicant age can also be a factor in how much you can borrow. If one of the applicants is young but the other is say, in their 50’s, a mortgage lender may be hesitant to lend as much, due to old age risks through their term (a 25 year term would take you to your 70’s!) and worries with income.

That being said, if the younger applicant were to instead apply in their sole name, there could be the likelihood of borrowing more and benefitting from a wider variety of mortgage lenders and mortgage deals.

Tax Implications

You may also find that there could be related tax implications or even stamp duty, which could lead to one half of the applicants instead looking at their options for applying for a mortgage in their sole name, rather than with a partner.

We Can Usually Help

Depending on the circumstances you find yourselves in personally and financially, many mortgage lenders can be strict and for security in payments, can be much less likely to lend to married applicants in their sole name, if they otherwise would have a partner to borrow with.

You may also find that mortgages can be much more complicated if couples go on to get divorced, though thankfully there are plenty of mortgage lenders who are willing to let sole name applicants take out a mortgage, so there could be options for you.

Our experienced team are well-versed in providing our customers with specialist mortgage advice in Essex. We are open 7-days a week, so book your free mortgage appointment in Essex today and we’ll get started on your mortgage process.

What Does a Mortgage Broker in Essex Do?

By its own definition, a broker is a business that can arrange or negotiate for something in particular, on behalf of their client. A mortgage broker in Essex is a business that functions in that same way, for a homeowner, home buyer or landlord who is looking to take out a mortgage on their property.

A mortgage is a loan that you have secured against your property, which as a property owner, you will pay back over a particular length in time, through monthly mortgage payments.

Jobs of a Mortgage Broker in Essex

Although a homeowner, home buyer or landlord are able to search for and apply for their own mortgage, you much more frequently find that they will look to utilise the services of a mortgage broker in Essex, because of the different services they can offer their customers.

Probably one of the most important jobs a mortgage broker in Essex can do, is that they are able to cross-reference your information against 1000s of unique products, across many different mortgage lenders. If you went directly to a bank, you will only be limited to deals from that company.

This isn’t completely a negative, as the best deal with that mortgage lender could still be the best one for you, but this can’t always be guaranteed. A mortgage broker in Essex is able to compare on your behalf, usually coming along with exclusive deals only available with that mortgage broker.

The job of a mortgage broker in Essex is more than this though, as there are lots of jobs that a mortgage broker in Essex can do, before and during your mortgage application and after your mortgage offer. They will also vary between companies; Not every mortgage broker works the same way!

For example, an area that we stand out in, is we are able to recommend suitable insurance options for our customers. Whilst it is an additional, optional cost (you don’t have to do it!), our mortgage and protection advisors have a duty of care to make sure you don’t lose your property, no matter the situation.

Before Your Application

When your mortgage process begins, you will most likely be speaking with the appointment booking team of a mortgage broker in Essex. Their role will be to take some general information from you & help you to find a suitable time slot for you to speak with a mortgage advisor in Essex.

As an alternative to this, you are usually able these days, to bypass the need to call up first, as many mortgage brokers in Essex (much like ourselves) have a user-friendly and simplified appointment booking system online, where you can typically choose what type of appointment you would like.

Once you have gotten booked in, the next step will be to attend your mortgage appointment with your mortgage advisor in Essex. Generally you will provide them with some further information to help them better understand what you are looking to do, so that they can help you progress.

From that point, they’ll start looking at a variety of mortgage deals, to help you find the most suitable one for what it is you wish to do. Some mortgage brokers in Essex offer their customers a limited supply of obscure mortgage lenders, others offer more, with some offering a whole of market service.

Whilst we can’t say we are a whole of market company, we can confidently say that we have a greatly sized panel of mortgage lenders, with mortgage products that range from standard mortgage enquiries, to specialist, and everything else you’ll find in-between.

Your mortgage advisor in Essex will provide you with a recommendation on the deal they believe is right for you. If you like that deal, they will look to obtain an agreement in principle (AIP) for you. Our mortgage advisors in Essex are usually able to get this within 24 hours of your appointment.

Estate agents will want you to provide them with this when you make an offer on a property and it will also show the person that is selling the property that you are committed to the offer you have made and are in a position to go forward with the sale.

Also, when you are at this point, you will need to go ahead and submit your documents to the mortgage broker in Essex you are working alongside. The documents that are required can usually vary between each mortgage lender and what you wish to achieve in your mortgage process.

Standard document requests will include proof of ID, proof of your income and deposit, last 3 months’ bank statements and payslips, as well as proof of VISA or right to work in the UK, if you happen to be a foreign national (this is usually done with a share code if you have migrated from the EU).

Documents that are typically requested in more niche situations, include a P60 (not all mortgage lenders will need this), business bank statements and tax calculations/year overviews if you are a self-employed applicant, and possibly also an employment contract depending on what your job is.

During Your Application

After you have achieved all of the latter steps, a mortgage broker in Essex will then work to verify your documents and provide you with their mortgage illustration, which will detail the agreed deal before they move on to submission.

Following on with this, they will progress on to your mortgage application submission, to the mortgage lender. From there, it’s a bit of a waiting game until they get back in touch with your mortgage broker in Essex to confirm if you have been approved or not.

The work won’t be stopping there, as mortgage advisors in Essex still have further steps to complete. They will send copies of your documents to your mortgage lender, as well as liaise with solicitors. During this time, our mortgage advice team can recommend property surveys to you.

You will generally come across 3 different types of property survey. Basic valuation, which will work out the value and resale value of the property, home buyers valuation, which will goes a little more in-depth and a full structural survey, which alerts you to any areas that perhaps you need to look at.

Much as they had done when it came to your mortgage deal in your initial mortgage appointment, your mortgage advisor in Essex will be able to best recommend which property survey is right for you to have taken out.

As you wait for the conclusion of your mortgage application process, you may also have queries or concerns, about what is actually going on. Mortgage advice teams with good reputations will make sure you are informed regularly, often via email, so you are always in the loop with your mortgage progress.

After Your Mortgage Offer

Eventually, the mortgage lender will come back to us with an outcome on your mortgage application, hopefully a positive one! If your mortgage application is successful, you will then receive a formal mortgage offer from the mortgage lender.

From here, the job mostly goes on over to your solicitors to complete your mortgage deal, so that you can eventually be comfortable in your home. There is still more that a mortgage broker in Essex can do for you though.

Here at UK Moneyman, when you reach about the 6 month mark, before your mortgage deal is due to end, if you had previously took out your mortgage with one of our mortgage advisors, we will be back in touch to offer you remortgage advice in Essex and help you take the next mortgage step.

The Positives of Using a Mortgage Broker in Essex

As is clear, there is much a mortgage broker in Essex can do for you, such as saving you time and money on your mortgage process, whilst they work to reduce your stress levels and bring you one-step closer to completing your mortgage.

We are proud to say that here at UK Moneyman, we really do care about our brilliant customers. After all, there is no Essexmoneyman, without you! We always put your best interests first, doing whatever we are able to do, to put you in the best position financially for your property goals.

To give you an example of this, if you wanted to take out a remortgage and got in touch with us for remortgage advice in Essex, but your mortgage advisor in Essex felt like you would benefit from taking out a product transfer, they will say so, as it is always about your best interests.

Furthermore, a mortgage broker in Essex may be able to get a mortgage lender to waive some of your mortgage fees, or maybe even look at incorporating them into your overall mortgage balance.

When you are in an appointment with one of our mortgage advice team, they will take a look through all of the costs and fees involved with your mortgage process, during your free mortgage appointment with a mortgage advisor in Essex.

Why use a mortgage broker in Essex?

Really, this is all down to you. If you would like to save time and money, stress and worries, then it may be beneficial to let an expert professional such as a mortgage broker in Essex, take on the bulk of the work for you.

We often find ourselves providing customers with expert mortgage advice in Essex, whether they be looking at first time buyer mortgages in Essex, to those looking for a buy to let mortgage in Essex and even more than that.

Book online today and speak with a member of our mortgage advice team, using our handy online booking feature, to benefit from a free mortgage appointment or remortgage review with a dedicated mortgage advisor in Essex today.

What are the 8 best places to live in Essex?

The best areas to live in Essex

Are you a First Time Buyer in Essex on the lookout for your dream home? Have you yet to decide on the perfect location in Essex? There are many wonderful residential areas in and around Essex, it is just finding the right area for you!

To help you make the right decision (and in no particular order) we have put together our top list of places to live in Essex.

1 – Brentwood

Known as the perfect commuter location for London, Brentwood is a town East of England. This area is known for its beautiful countryside that is located just outside the boarder of Greater London. Brentwood shows off its history through the many Elizabethan houses that still remain.

Brentwood’s claim to fame is the fact that the location was used to film the popular reality television show ‘The Only Way is Essex’, however, the area has more to it than its infamous scenery. It also has a thriving community that is proud to call Brentwood their home! There are lots of facilities in the area from food shops to a sports centre.

If you are working in the centre of London but are looking for a quieter area to live away from the hustle and bustle, Brentwood is your match. The area has a train station with services on the Elizabeth Line that can take you to popular parts of London. Along with this, the M25 runs through this town which is a perfect start to all parts of England and a great segway to the M1.

Whether you are a First Time Buyer in Essex or looking to move home, Brentwood has a variety of properties with ranging prices. If you are looking to start a family in the area or already have one, there are lots of schools providing both primary and secondary education. Get in touch with a Mortgage Broker in Essex today who can provide the help and support you need on your mortgage journey.

2 – Basildon

Nestled in the county of Essex, Basildon is a town known for its swift transport connection to other cities, a great choice of amenities, and plenty of outdoor space on its doorstep which makes Basildon a desirable place to live.

Plenty of housing opportunities, local amenities, and big city connections make it the perfect place for young professionals and growing families looking for a place to settle down in.

In terms of transport links, Basildon has three railway stations. Each runs regular commuter services to London and other locations across the region. The local bus services are extensive, offering a range of connections to nearby destinations including Canvey Island, Southend, Billericay, and Chelmsford.

If you’re travelling by vehicle, Basildon is situated just off the A13, A127, and A130 – all of which offer direct access to major motorways like the M25 as well as well-trodden routes in and around the region.

Basildon is home to a good mix of primary and secondary schools that cater to all including something for the tiny tots, Basildon has a great selection of certified playgroups, nurseries, and pre-schools. Every educational base is covered in this area.

If you’re a big spender then Basildon certainly delivers, the high street is dotted with a mix of well-known retail names and inviting cafes, but the town’s impressive Eastgate Shopping Centre is home to a modern food court as well as almost every high street shopping brand imaginable.

As a bustling place with a community feel, there are plenty of local gatherings, groups, fetes, festivals, and events happening throughout the year. Perfect for First Time Buyers or Home Movers in Essex. If Basildon feels like the place for you and you would like to know your mortgage options, get in touch with a Mortgage Broker in Essex today who can provide the help and support you need on your mortgage journey.

3 – Saffron Walden

For nature lovers and those looking for a quaint and quiet area to live in, Saffron Walden may tick your boxes. With its green rolling hills and picturesque scenery, this rural town is rich in history with its line of colourful medieval houses. The area is located in the north-west of Essex and just 15 miles south of Cambridge.

Saffron Walden prides itself on its friendly community that constantly plans events along with hosting weekly clubs and activities. The area is brilliant for a day out with plenty of eateries and lots of attractions for families including Audley End House and Saffron Walden House. There is also a beautiful market that is on Tuesdays and Saturdays which is perfect is you are wanting to support local businesses.

Transport links are available by car with the town being located off the M11 which can take you to London along with a railway station which has regular services to London. Property prices can be may be slightly out your budget, however, settling down in the pretty, rural town of Saffron Waldren will be worth every penny. If you are a looking to start your mortgage journey, get in touch for open and honest Mortgage Advice in Essex. 

4 – Epping

Located in the Epping Forest district, Epping is situated just 17 miles from the centre of London which makes it a convenient place for a short commute to the capital city. If you are looking for an scenic green area away from the bustling city life, Epping could be the perfect fit for you.

The area is full of history with many archaeological finds being discovered within the forest showing that there was a human settlement dating back as far as 7500BC. One prominent part in its history was when King Henry III granted Waltham Abbey o hold a weekly market in 1253.

Fast forward to now, there is a market in the town every Monday that attracts many customers far and wide. There are lots to do within Epping including adventure parks, museums and plenty of nature reserves. The high street showcases a range of shops and eateries both independent and well known.

As mentioned, Epping is perfect for a convenient route into London for work via the underground’s Central Line and is brilliant for a rural escape from this major city. On top of these affordable properties in the area, are houses that are rich in history. There are many schools in the area which is perfect for families and make Epping brilliant for those looking at Moving Home in Essex to settle down and start a family.

Get in touch with our team today if you are looking to start your mortgage journey. We can provide you with the open and honest Mortgage Advice in Essex you need to fulfil your mortgage goals. Book online for your free mortgage appointment today!

5 – Colchester

If you are looking to move into a town that provides its residents with a rich history and modern lifestyle then Colchester will be the place for you. On top of Essex already being a popular region with commuters 24/7, Colchester is one of the UK’s oldest towns and biggest settlements, with the balance of an urban city lifestyle and rural living, this niche town is always thriving.

If you like to shop ‘til you drop, then Colchester offers a large variety of retail shops. The town centre is where you’ll find niche independent shops neighbouring bigger retail brands. If you fancy a bigger indulgence, we highly recommend you shop at Culver Square or take a trip to Lion Walk.

The town has a rich lineage of culture, not only it is home to the famous nursery rhyme ‘Twinkle, Twinkle Little Star’’ in 1806, but the Second World War song ‘There always be an England’ in 1940. The town is drawing from this distinguished cultural past and is now home to a budding arts movement, like the Colchester Arts Center and Mercury Theatre, the list is endless.

Going beyond the modern lifestyle, Colchester has a rich history dating back to over 2,000 years. If you are looking to find all the facts in greater detail and to find just how historically important the town is, then check out The Colchester Castle Museum, the exhibits will guide you through the history of Norman architecture, Roman medicine, witch-finders, and chariot. If you do choose to live in Colchester, you’ll definitely soak in the history.

Any foodies who are thinking to move into the area? Colchester has plenty of eateries around the town. The local resident loves heading to the annual Medieval Fayre & Oyster Market, where you’ll find a lot of seafood. Other options are available like charming pubs, farmers’ markets, and restaurants that are sure to please your appetite.

Colchester is home to a range of popular attractions which provide a variety of things to do with an array of museums, over 60 acres of parkland, home of two zoos in the UK, there is surely something to do to broaden your horizons and keep you busy 24/7.

Colchester has a great landscape heritage, the environment of the region is filled with a variety of parks and open spaces that stretch beyond the town, amounting to 135 square miles of coast, woodland and countryside. It may be somewhere to walk, relax or view the wildlife, whichever you are after, Colchester certainly has something to offer everyone.

Living in a fitting place for any Home Mover in Essex as well as First Time Buyers in Essex. If Colchester is the perfect fit for you, our team is available 7 days a week and can provide you with expert Mortgage Advice in Essex should you need it. 

6 – Harlow

Located on the border with Hertfordshire and London, Harlow is a large town where residents can benefit from its affordable properties and excellent transport links. The area is more of a bustling town compared to some of the rural villages surrounding it. Being a large town, Harlow provides plenty of career opportunities as well as fantastic properties.  

Harlow’s history was prominent in 1947 as being one of London’s eight post-World War II new towns in the hopes to attract decentralization of the metropolis. Furthermore, there is a beautiful garden with the museum you can visit that brags about Harlow’s rich history even more! The Harvey Centre is a perfect place for retail therapy with a mixture of shops to satisfy a range of people and also has a cinema and dining area.  

There are lots of employment opportunities in and around the area of Harlow. Along with this, there are lots of primary and secondary schools and further education facilities which is perfect if you are looking to start a family. There are a range of properties with attractive prices that are fitting for Home Mover in Essex as well as those looking to buy their first property. If Harlow is the perfect fit for you, our team are available 7 days a week who can provide you with the expert Mortgage Advice in Essex you need.

7 – Purfleet-on-Thames 

In 2020 after a two-year campaign, the town’s name was officially changed to Purfleet-on-Thames, this town is a desirable place for home movers and First Time Buyers in Essex; to be so close to places like Essex and London, yet able to enjoy all the benefits of being away from the noise and pace of the city lifestyle.

Purfleet -on-Thames is home to the renowned Lakeside Shopping centre, as well as a nature reserve and an array of historic buildings, with the name of the town being linked to an exclamation of Queen Elizabeth looking on as her fleet departed to engage the Spanish Armada.

Nowadays, this town is in partnership with a regenerating project which will transform Purfleet-on-Thames into a new and modern riverside destination. The scheme hopes to rebuild the River Thames surrounded by a brand new town centre with shops, restaurants, new build homes, improved transportation, schools, and even a TV production studio. Later phases will deliver a new university campus.

With huge plans on the way, if Purfleet-on-Thames feels like the place for you and you would like to know your mortgage options, get in touch with a Mortgage Broker in Essex today who can provide the help and support you need on your mortgage journey.

8 – Chelmsford 

Chelmsford can be described as one of the nicest and safest places to live in the UK. The city is full of transport links. Thanks to redevelopment, the city’s local economy has flourished. Both independent businesses and high street shops situate in and around the city centre.

There are shopping centres and outlets scattered around the city. On top of all of this, Chelmsford is full of rich historical sites. If you’re taking up property viewings or thinking about doing so in Chelmsford, you should get in touch with our advisors and we can sort the mortgage side of things; taking this stress off your back. 

Home Mover & First Time Buyer Mortgage Advice in Essex

Are you thinking of buying your first home or moving home in Essex and need Mortgage Advice? If so, Essexmoneyman is here to help!

Having worked in the mortgage industry for over 20 years has allowed us to access great mortgage deals. We will go through 1000’s of deals and pick out one that is most suitable for your personal and financial situation. Your mortgage journey is made easy with Essexmoneyman – your Mortgage Broker in Essex.

To speak to a First Time Buyer or Moving Home Mortgage Advisor in Essex, get in touch today and book your free mortgage appointment. We know that the mortgage process can be stressful and that’s why we want to offer a helping hand. We would love to hear from you and assist you in the world of mortgages.

Buying a Property With a Partner or Friend in Essex?

Buying a Property with Others in Essex

Taking the initial step onto the property ladder can be quite an intimidating process for some home buyers, especially if you’re looking to purchase a property by yourself.

To counteract this, we regularly hear from lots of First Time Buyers in Essex that are instead looking to buy a property with a friend or partner if they can do so.

When we look to calculate your maximum mortgage amount, lenders will factor in both your income and your co-borrowers’. Having two applicants means you’ll be splitting mortgage costs between you both, which can help increase your chances of getting offered.

It is very important to remember that if you were to default, your co-borrower could also be responsible for the full mortgage, and vice versa.

As an open and honest First Time Buyer Mortgage Broker in Essex, we have put together a collection of handy things we recommend to bear in mind when moving into a property with a friend or partner.

Should I Buy a House With a Friend or Partner? | MoneymanTV

How many people can jointly own a property?

Depending on the lender that you go with, you may be able to co-borrow with up to four people jointly.

It’s important to factor in though that the more you have involved, the higher the chance of someone pulling out before the term ends. You should always be careful with whom you choose to buy a property with.

You may be able to increase your mortgage later if you prefer, though you and your co-borrowers will all have to agree. With that in mind, plan ahead for your future and your plans for the property.

Joint tenancy or tenancy in common – what’s the difference?

Joint tenancies tend to be something that is more favoured by civil partnerships or married couples. If one half of the party were to die, the property would be immediately given to the other half. The way the law sees it, is that joint tenants are two halves of one whole, one borrower.

If either of you were looking to remortgage or sell the property, both of you would have to agree before proceeding with the mortgage.

Alternatively, if you and your co-borrower are friends or family, then it is a lot more likely that you will go down the route of ‘Tenancy in Common’. In this case, you both own your own part of the property.

You aren’t required to split your shares equally either. This means that if one of you are making a more significant financial investment than the other, you will own more of the property than the other.

Another reason that this works out well if you are a ‘Tenant in Common’, is that you have the freedom to act independently. What this means is that if you wish to sell or give away your share

Joint mortgages & removing names

What happens if you jointly own a mortgage, but your co-borrower(s) stop meeting the mortgage payments?

A mortgage lender will make it clear that all borrowers are jointly and severally liable. If one of your co-borrowers decides not to pay their part of the mortgage, you will be responsible for keeping up the payments.

How do I remove my ex-husband/wife from my mortgage?

When you look to buy a home with your then other half, you never really predict that you’re going to split up before the term is up. After all, it is a large financial commitment to make anyway, let alone with someone else, and making any changes to it is not an easy process.

It is even more complicated when you factor in children, as it is likely that one parent will stay with them whilst you are left to move out and possibly find your own mortgage. In this case, whether you are the one staying or going, both parties will require the assistance of a mortgage advisor in Essex.

Whether the person has been paying the mortgage with the input of their ex or not, unfortunately doesn’t change the fact that it was applied for in a joint name. In the event of arrears, they will still chase both parties.

Before you can remove your ex-partner from a mortgage, the lender will need complete confidence in your ability to maintain mortgage payments and will reassess your income to make sure that this is the case, before they will proceed.

We regularly find that in the case of being unable to afford a mortgage alone, the mortgage applicant will instead apply jointly once again with a friend, family member or new partner. Mortgage advice in Essex is definitely recommended in these situations.

How do I remove my name from my ex-partner’s mortgage?

As touched upon above, in the event of potentially divorcing or separating your partner whilst on a mortgage, you are both still jointly liable for the property and its mortgage payments.

In this case, if you were the one leave and wanted to remove your own name from their mortgage, you couldn’t just make an agreement between the two of you, they would need to get in touch with their lender.

If you were looking to get a mortgage of your own, the lender would take into consideration the property you are currently tied to, therefore it’s important to make sure that you are removed off the previous mortgage.

You should always take out mortgage advice in Essex when faced with circumstances like these.

Some lenders will be more generous than other lenders, when it comes to how much they will be willing to lend you. Your dedicated mortgage advisor in Essex will take this into account when recommending the best mortgage lender for you to approach.

First Time Buyer Mortgage Advice in Essex

9 Questions to Ask When Buying A House in Essex

First Time Buyer Mortgage Advice in Essex

First-Time Buyers in Essex may find that their first experience of entering the world of home ownership can be stressful. It doesn’t always have to be that way though.

To help you make the most of any upcoming house viewings and to be as prepared as you possibly can be, we’ve put together a list of nine common questions that are worth asking when it comes to buying a house in Essex.

The 9 Most Common Questions:

1. How much interest has there been in the property?

There is nothing wrong with taking your time to have a think about whether or not you would like to buy a property before committing to a purchase. It’s understandable, as doing something like this will be one of, if not the most important financial commitment you ever make.

A good starting point is to find out how many people have viewed or enquired about the property you have your eye on. This can give you a more accurate idea of how much time you have to ponder before making a final decision.

If it isn’t too popular, maybe you can take some time before deciding. If it’s popular, maybe you should decide sooner rather than later.

2. Is there a property chain?

If the property is currently stuck within a chain, it may possibly cause some significant impact on different areas of your mortgage process.

If there is no onward chain, chances are your process will be able to continue smoothly, especially if you are not part of a chain yourself. On top of this, if the process is not reliant on you selling your property first, you will have more advantage as a home buyer.

This is because you will not have any part in holding up the home buying process. Definitely remember to mention this when negotiating a price with a seller.

3. What comes with the sale?

Depending on who the previous homeowners were, you might find that they have left some items behind to save on costs. This could definitely benefit you.

The items generally left behind are what is called “white goods”. This includes things like washing machines, freezers, fridges and kettles. You may also find that the seller has left their shed behind in the garden.

If the appliances are all working well it is perfect for new buyers who are looking to save a bit of cash until they get their own items and modernise the place a bit. Alternatively, if you don’t want or need these items, it will be up to you to get rid of them.

On the flip side to this, if you are a First-Time Buyer in Essex, looking to buy a new build property, it is worth asking about optional extras. Doing so can see your new home potentially furnished, ready for when you are able to move in.

4. Are the neighbours friendly?

When you are moving into an area that you don’t know too much about, it is definitely worth your time to try and get a feel for what the neighbours are like, as a good or bad neighbour experience can often be one of the more vital “make or break” instances of your home experience.

Once again, if you are looking to move into a new build property, you and your neighbours will be the ones creating the community. This is a bit of a risk, as you will be building a neighbourhood from scratch with strangers.

Of course, first impressions are not the be all end all, but it’s always important to at least have a friendly dynamic with neighbours as you both will be presumably living next to one another for a considerable amount of time.

5. How much does it cost to run?

The running costs for the property you’re looking to live in can very much depend on the specific location in Essex, especially with it being a county. Therefore, it is important to do plenty of research and ask some questions.

For example, find out how much you could be looking to pay on council tax, as well as the average spend on utilities. This can generally be achieved by asking the seller or doing some online research.

Having this information will help you out when it comes to budgeting for a property.

6. Which way does the house face?

Perhaps you are fond of relaxing in the garden on a late summers evening. Maybe you would even like to read a book in the natural light. Whether it is one of these or something else entirely, the direction that the house is facing can make quite the difference.

That being said, some locations can often mean that you have to pay a more premium price for a south-facing garden, due to the fact that they receive the most sun throughout the day.

7. After moving in, how much work will be needed?

Once again, this is a factor that can definitely have an impact on your budget. Therefore, it is important that you find out a bit more information about the following;

  • Whether or not the property is energy efficient.
  • Are there any damping issues?
  • Will you need to change the furnishings?

8. Are you open to offers?

Making negotiations on the price of a property is a fairly standard part of the house-buying process. With that in mind, it’s essential to make sure that you are as prepared as possible to make any offers on a property.

It is also worth having a conversation with the seller or estate agent to determine what kind of offer may be considered too high or too low for the property in question. Find out if anyone else has made any offers prior to your enquiry, and if they’ve been rejected.

9. When can we move in?

By putting aside a date in your diary, you will be able to put together a structured plan for your other jobs, such as instructing a conveyancing solicitor, boxing up all of your belongings and arranging a removal van to collect everything from your home and take it to your new one.

Moving Home Mortgage Advice in Essex

Can I Remortgage in Essex for a Home Office?

Home Office Remortgage Advice in Essex

In 2020, the global coronavirus pandemic forced business models to be revamped and in some cases, changed completely. There was also a huge increase of self employed workers.

Due to business changes and constant shifts in rules and regulations, a lot of individuals had to work from home. At the time, no one knew how long this was going to be, therefore the thought of investing in a home office didn’t seem like such a bad idea.

Even now, investing in a home office seems like a great idea. Who knows what could happen in the future!

You don’t need to purchase your home office outright, there are alternative methods such as remortgaging and incorporating the costs into your mortgage. This is what we’re going to look at in this article – Remortgaging for a Home Office.

What is remortgaging?

A remortgage is when renew your current mortgage deal or switch over to another deal to replace your current one.

There are lots of different reasons why someone may want to remortgage. You might want to find a better rate, remortgage for home improvements, consolidate debts or just avoid falling onto your lender’s standard variable rate of interest.

When it’s time to remortgage in Essex, if you need help getting the ball rolling, feel free to get in touch with Essexmoneyman and book your free remortgage appointment.

Remortgaging for home improvements

When remortgaging for this reason, you will be incorporating the costs for the home improvements into your mortgage. Although this means that your payments will go up, you won’t have to pay an upfront fee for your new home office.

Home improvements costs can vary as it depends on what you’re wanting to improve! A remortgage for a home office is on the lower end of the spectrum if you compare it to a whole new kitchen.

If you take an example of a home office costing £5,000 – £10,000, your monthly remortgage payments may only go up by an extra £20 – £60 per month. Depending on what remortgage product that you take out, your term may also increase.

Remortgaging for home improvements could save you money further down the line as it can value your home.

Reasons to remortgage for a home office

Having an office at home can be beneficial in many ways, here are some reasons that we’ve come up with:

  • More productive – Generally, working from home can increase productivity. People like being in a place where they can get on with work without distractions.

    However, if you have younger children, this may be a little more difficult. It can still be worth investing in for the future for when they start school.
  • Travel costs – When you’re working from home, you don’t have to worry about fuel/travelling costs. This can save you lots of money if you work far away from your home.
  • Same job from home – Thanks to technology, most jobs can be done from home. Sometimes, you may encounter Wi-Fi problems, etc., but usually, you’ll be able to do the exact same job as you would’ve in the office.

    You can easily contact the rest of your team form home through video and phone calls or by messaging them.
  • Saving time – There’s no more rushing and making sure that you avoid the traffic, your desk is next door!

    This is even more useful when you have plans after work, you won’t need to rush home.
  • Flexibility – Your company may allow flexibility around your usual work schedule to compensate for errands such as the school run.
  • Environmentally friendly – Working from home will reduce your carbon footprint. You’ll be using electricity from home, however, you won’t be driving into work which will reduce traffic and fuel consumption.


Remortgaging advice in Essex

As a mortgage broker in Essex, we can say that the costs of moving home in Essex will be much more expensive than remortgaging for home improvements. If you want to create more living space, for ease and to save costs, remortgaging could be the better option.


If you are thinking of remortgaging to create a home office, you should get in touch with our remortgage advisors in Essex. We can offer you a free remortgage appointment with an advisor, so get in touch and book yours today.

Removing a Name From a Mortgage in Essex

Removing a name from a mortgage advice in Essex

There are many reasons why you may want to remove a name from a mortgage. The process will be complicated and stressful no matter the reason why you want to remove a name. Taking out a mortgage in multiple names can be complicated anyway, never mind trying to get out of one.

We aren’t saying that you can’t remove your name from a mortgage, you can if you need to.

Why would you want to remove a name from a mortgage?

Divorce & separation

As a mortgage broker in Essex, the most common reason for wanting to remove a name from a mortgage is because of a divorce or separation. In this situation, the homeowner may want to remove their name or their ex’s name from the mortgage.

Financial arrangements are amongst the most important things to sort out during a divorce and separation, however, unfortunately, they seem to get left until last. Leaving complex processes till last can be stressful and time-consuming; surely, you’d want to get the financial aspects sorted straight away? The more time given to these processes, the better too.

Your lender, building society or mortgage broker in Essex will need to check whether or not the party leaving the mortgage agreement will be able to live comfortably with just one income. The party staying within the property must also be able to manage the mortgage payments on their own.

Both parties must agree for a name to be taken off a mortgage, therefore, if one party doesn’t want the name removed, the process can’t go ahead without taking the situation to court. This can be costly and take a lot of time.

When going through a divorce or separation, it’s important to get specialist mortgage advice in Essex. Speaking to a professional will be extremely beneficial further down the line.

Transferring to a family member or friend

Surprisingly, this process is quite simple. It can be made even simpler you go to a mortgage broker in Essex.

You’re essentially just transferring equity to your family member or friend. The names on the mortgage will switch and the equity within the property will stay the same. First of all, the new homeowner will need to prove that they can afford a mortgage. They will have to go through an affordability and eligibility assessment to prove this.

A party is not paying their share

If a party is not paying their way, you may start receiving consequences even though it was nothing to do with you. As a mortgage broker in Essex, we see this situation a lot, it’s hard to do much about it by yourself as you can’t make someone pay their payments, they have to do it themselves.

Missed payments can negatively affect everyone else in the household. When you’re financially linked with people, if they do things that can harm their credit file, you may get impacted too.

In a situation like this, it’s best to approach someone who can do something to help. Even speaking a professional mortgage advisor in Essex can help.

Need help removing a name?

When you’re wanting to remove a name from a mortgage, it may be best to get guidance and assistance with the process. Getting specialist mortgage advice in Essex should work.

Describe your issue to your mortgage advisor in Essex so that they can get a clear understanding of your situation. Remember, before you can continue, the named party that you’re trying to remove will need to agree for the name to be removed. This can be a struggle if they’re adamant that they don’t want it removed.

Get in touch and book your free mortgage appointment with a specialist advisor in Essex. We’re available 7 days a week!

Mortgage Advice in Essex for Newly Qualified Teachers

Newly Qualified Teacher Mortgage Advice in Essex

Fantastic! You have passed all of the required exams and have found great success in becoming a newly qualified teacher. Now it’s time for you to find a teaching job and get started in the classroom to rack up some experience.

In some cases, to be closer to that job, you may be required to look at moving home in Essex. If you own your own home already, you may benefit from the assistance of a mortgage broker in Essex.

Soon after you’ll be needing a new home to start a life in. Once here, you’ll be trying to balance the struggle of homeownership whilst finding comfort within your newfound role in the education system. This isn’t something you’ll be alone in, as we’ve dealt with many customers who feel this same way.

Hopefully with the help of a dedicated mortgage advisor in Essex, your process will go a lot smoother and quicker, reducing your stress.

Newly Qualified Teacher Mortgages

The process of finding a lender who will be willing to offer a mortgage to newly qualified teachers can prove to be a little challenging. The reason for this is down to having little to no work history or being on a temporary contract.

Even though this is the case, you can worry less knowing that you may still be able to obtain a mortgage as a newly qualified teacher.

From time to time, some lenders may even offer good deals with those working within the teaching industry. The key to this is finding the best lender for your personal and professional circumstances.

This is usually the difficult part, though by enlisting the help of a mortgage advisor in Essex, you will be working with someone who can search thousands of deals and match you to the right lenders criteria.

What mortgages for NQT teachers may be available?

The different types of mortgage available for newly qualified teachers generally include:

Here are some things that lender may consider during your process:

  • No previous employment history required.
  • A 12-month first post-contract can sometimes be treated the same as a permanent role.
  • Mortgages available up to one month prior to starting the first contract (so you can apply in August, just as an example).
  • Up to a 95% loan to value.

How a Mortgage Advisor in Essex Could Help

Our trusted and knowledgeable team of mortgage advisors in Essex have a lot of experience working throughout this industry, helping various people with the situations they are in relating to their mortgage. You’ll find there are lots of different benefits to home buyers using a trusted first-time buyer mortgage broker in Essex.

To take a look at your mortgage options, get in touch, and our dedicated team will take some details from you to determine whether or not you have the possibility of obtaining a mortgage suitable to your personal and financial circumstances.

What is a Property Survey & Which One Should I Choose?

Property Survey Mortgage Advice in Essex

Once you’ve had an offer accepted on a property, your lender will need to make sure that the house is worth what you said that you’d pay for it. They will do this by performing a property survey on the house.

A property survey will also show the overall condition of a property. If the property is in poor condition needs lots of work doing on it, your lender may lower the original amount that they were going to offer you as their mortgage offer doesn’t match the property price.

From minor damages to repairs that need action taken on them straight away, a property survey will show everything you need to know about a home before you move in.

Types of property survey

There are three main types of property survey:

  • Mortgage Valuation
  • Homebuyer’s Report
  • Full Structural Survey


Each survey type is different in how they work, pricing and how long they take to carry out. In some cases, your mortgage lender may include a free property survey in your offer. This entirely depends on the lender that you’ve used as not every lender will offer this service free of charge. If a survey is included within your deal, you may end up paying slightly more for set-up/arrangement fees etc.

Each survey works differently, for example, one survey may go more in-depth than another. If your survey report shows something about your property that you weren’t told about, by law you are allowed to approach the seller and work out an alternative price if necessary.

Types of Property Survey Explained | MoneymanTV

Mortgage Valuation

These are the simplest types of property surveys. Mortgage valuations are performed to measure how much a property is actually worth.

If a Mortgage Valuation is carried out and it’s found that the property is not worth the amount that you’ve agreed to pay for it, your lender may withdraw their offer as they’ll be lending you more than the property’s worth. You can either try and re-negotiate the price with the owner or pay the difference between the offer and how much the lender is now going to lend you. This situation is called a down valuation.

This survey is the cheapest property survey; however, it won’t go into much detail. The survey will focus on obvious repairs and defects such as structural damages. It will not, however, show small, minor damages on the property.
For a report with further detail, you’ll need to upgrade your survey. Although this may be costly, in the long run, this could be worth it as you may find out everything that needs preparing in your home before further damage is done.

Homebuyer’s Report

A Homebuyer’s Report will determine how safe the property is to live in. The survey looks at issues such as mould, damp walls and ceilings or things that do not pass the current building laws.

The property will be examined from top to bottom, inside and out. The surveyors will look at everything. This process could take up to a day on a large property.

Full Structural Survey

As a mortgage broker in Essex, we would always recommend a Full Structural Survey if you want a detailed report of the home that you’re buying. We would particularly advise those buying an older house to take up this survey too as it will highlight major repairs and damages in the property. Older buildings are more likely to come with defects and damages.

Although a Full Structural Survey is the most expensive property survey, it will provide you with the most information about the property. The report will go in-depth, highlight the overall condition of the property, and show what changes will need to be made if the property purchase goes through.

A Full Structural Survey can take as long as a whole day depending on the size of the property.

Do I need to get a survey on a new build?

If you are buying a new build property, property surveys work a little different. You’d think that since the property is new, you wouldn’t have to get a property survey carried out on it, however, it’s always best to do one just in case.

There is a property survey designed for new builds called a Snagging Survey. This survey will break down the property’s overall condition, pointing out both minor and major issues. The survey can point out something as simple as a missing door hinge to a crack in the ceiling (which is unlikely to find in a new build).

If you’re moving into a new build that’s already been built, it would be wise to get a snagging survey carried out on the property before you move in. This will give you the power to negotiate pricing if there is anything wrong with the property.

Mortgage Advice in Essex

If you’re struggling to choose a property survey, our mortgage advisors in Essex are always here to help!

Get in touch with our mortgage team. We’ve helped thousands of First Time Buyers in Essex and Home Movers in Essex choose the best property survey for their new home, let us help you next.

You can obtain the services of a surveyor to carry out a Homebuyers report or building survey through the Royal Institution of Chartered Surveyors.

How to Sell your Home Quickly in Essex

Mortgage Advice in Essex For People Moving House

Once you are ready to move home in Essex and progress further up the property ladder, you need to start thinking about selling your existing home on the property market. The amount of equity in your home (the amount it sells for minus your current mortgage balance) post-sale, can be put towards your deposit for your next property purchase.

You will have the ability to top up your deposit of course, through a variety of different means, including the use of your personal savings, as well as a Gifted Deposit from a family member or friend. The latter is an incredibly popular way for many first time buyers in Essex to get onto the property ladder, though it’s still acceptable for homeowners looking to move house in Essex.

A seller will always have an idea of the lowest asking price they’re willing to accept, though a lot of them keep an open mind and are willing to at least entertain other offers. The way that you market and present your home to potential buyers will play a big factor in the speed of sale.

From both a buyer and sellers viewpoint, you’re going to need to do some research to be prepared for this process. Let’s start with a look at how to sell your home quickly:

A Look at How to Prepare for Home Viewers?

How to decide on your asking price?

When figuring out what your asking price is going to be, you need to make sure that you’re not going far over what the average price is nearby. Try not to be unreasonable; just because the estate agent has told you that the property could possibly sell for this crazy amount, doesn’t mean that it will actually get sold at that price.

Within the initial few weeks of your listing, you ideally want to draw in as much attention as you possibly can. If you are struggling to get a lot of viewings for your property, it might be worthwhile dropping your asking price.

If you have already found a home that you have now set your heart on, whilst still living at your current house, you need to try and sell it as quick as you can. That is the benefit of a fair asking price, as you are more likely to attract a potential sale early on into listing it on the market.

How does your house look from the outside?

Our experience as a fast & friendly mortgage broker in Essex spans over 20 years. When looking at properties, the primary feature that always stands out, is the exterior of the property (generally the front).

Making sure your home looks easy on the eyes from the outside is your best bet for getting buyers interested in your home. This is all about nailing that first impression, so you need to be aware of how your home would look to someone not accustomed to their surroundings like you no doubt will be.

Sometimes, it’ll be as simple as having a driveway nicely jet-washed and a front lawn that is well kept and neatly mowed. This shows the buyer that you have taken good care of your home and you genuinely want people to be impressed by the way it looks.

This also creates intrigue with the person viewing your home. If the outside is this good, what might the inside be like? this creates a good feeling on their journey around, which could be enough to encourage a sale.

Remember, nobody ever gets a second chance to make a first impression on someone. Ensure your house has a great “kerbside appeal” in order to make the most out of each viewing you receive.

How does it look from the inside?

Although it’s always a chore to do, the first key step in trying to impress your viewer is to tidy everything up! This will help them feel welcome and comfortable when walking around your own home.

Remove anything that is unnecessarily cluttering the place, especially from the front area of the property. When your viewer walks in, you want them to get a sense that you’ve really looked after this home. Anything from a new doorbell to a new doormat can make a big difference.

Once you have sorted out your hallway, you should look around and clean your house room by room. Always take extra care when cleaning your kitchen and bathroom as these are some of the most important parts of a house. Cupboards and wardrobes should have everything neatly arranged within them.

If you are a smoker, the smell of smoke can often linger around the home, so it may be worth your time giving the house a good airing before any viewers show up. Anything that smells smokey and can be removed, take it out of the property.

All interior doors should be painted, clean all the brass fixtures and make sure all the doors can open as close as they are supposed to.

Make sure that each room has good lighting, preferably natural light if you can. Open all curtains and blinds in any of your darker rooms. Your home should feel nice and warm but not too hot that it makes the viewer uncomfortable.

All lightbulbs should be tested before the viewing to be certain that they are working properly. Despite what people claim about “baking bread” smells, this is an old-fashioned approach and could be detrimental to your viewings, so ensure there are no cooking smells around your home at all.

Let the viewer feel at home

Although you may find doing so difficult, it’s important to try and avoid having your children or pets getting in the way whilst your viewers are taking a look around the property. Your goal is to make them to feel as relaxed as possible and not be stressed out, tripping over small children and animals.

It has to be said though, that it’s not inherently a bad thing to have them around, especially if the people looking around are considering starting their own family. It’s all about finding that balance between cute and homey, to annoying.

Another helpful tip in trying to help them feel at home, is to display any family pictures or paintings that you have laying around to decorate the house. It provides them with another friendly reminder that it is a cherished family home with lots of fond memories attached to it.

Definitely let your home viewer explore on their own and don’t crowd them too much. If they are a couple, they will likely want to discuss between themselves at various points throughout their look around.

Make sure the house is clean

As touched upon previously, your kitchen and bathroom should be impeccably cleaned and presented. Anything that isn’t in daily use should be put away into storage containers or cupboards. Your towels should be neatly stacked away as well and not left dangling on hooks or piled on the floor. The same goes for your clothes.

Consider washing your curtains and blinds, wiping your walls down and cleaning your floors and windows. On the topic of windows, they should be shining inside and out. Replace old bedding with fresh, new bedding and also carry out any repairs that need to be done.

Investing in new carpets for smaller rooms can be a cheaper alternative route for impressing your viewer. Carpets make rooms feel like they are welcoming and can show your viewer that you have truly taken care of the place.

Make space for them to visualise a future

A lot of homeowners who are selling their home often don’t realise that creating some open space can actually be rather helpful during viewings. The reason for this is because it allows your viewer to get mentally creative and consider the potential inside the property.

Anything currently being stored outside of cupboards should be put away or thrown away if it doesn’t need to be out. This can also be quite handy for moving, as anything that doesn’t immediately need to be out, can be packed away ready to be transported to your own new home.

Make lots of room on your kitchen worktops too and ensure that you haven’t left any pots out and about.

Have a presentable garden

The type of garden attached to a property can often be the deciding factor for lots of people viewing a property. This is especially important as it’s generally the last thing they will see when touring your home.

Remove any excess rubbish outside and put away anything that is cluttering the view. Don’t take this as a call to stuff the shed though, as homebuyers will likely want to see inside that too.

Make sure that your fences have their slats properly in place and are given a fresh coat of paint or are creosoted. People really enjoy looking around colourful gardens, so adding some bright flowers (blues, pinks, yellows etc.) could lighten the place up and appeal to the viewer.

Anything you can do to liven up your garden could really give you the edge in pushing for a potential sale. Removing weeds and dead flowers, cutting the grass, removing grass clippings are all tasks you should definitely do to present it in it’s best light!

Be yourself with the home viewer

The truth is, people love other people, they like things that are relatable. You’ve got to make a good impression on your viewers too, so remember to be welcoming, honest and most importantly, be authentically yourself. At the end of the day, each viewer is just one of hopefully many, so where one declines to offer, another might.

Create a balanced perspective on every problem going on within your home. For example on this, if you had a problem with a leak in the past, say how you easily fixed it and that it’s not likely to happen again any time soon.

If you’re working with an estate agent, they will want to earn their commission by talking to the property viewers as much as possible. Always remember though, that no one knows as much about the house as you do… You lived there yourself! So don’t be afraid to jump in and give out more information to the viewer.

Last of all, remember the emotions attached to buying a home, especially if you’re dealing with a first time buyer in Essex. If you have a family, make sure you let them know how important and memorable this home has been during your tenure, as this is sure to leave an impression on any viewers who already have a family or are looking to start their own.

Home Mover Mortgage Advice in Essex

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