{"id":1232,"date":"2022-09-02T11:58:04","date_gmt":"2022-09-02T10:58:04","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/quilter\/?p=1232"},"modified":"2022-09-02T11:59:55","modified_gmt":"2022-09-02T10:59:55","slug":"mortgage-myths-fact-versus-fiction","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/quilter\/2022\/09\/02\/mortgage-myths-fact-versus-fiction\/","title":{"rendered":"Mortgage myths \u2013 fact versus fiction"},"content":{"rendered":"
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  1. MYTH:\nYou need a perfect credit rating<\/strong><\/li><\/ol>\n<\/div>\n\n
    \n

    A bad credit\nhistory can have a negative impact on your mortgage application, but it doesn\u2019t\nmake getting a mortgage impossible. Indeed, there are specialist lenders who\noffer mortgages to people with less favourable credit histories.<\/p>\n<\/div>\n\n

    \n
    • MYTH:\nYou can\u2019t get a mortgage if you\u2019re self-employed<\/strong><\/li><\/ul>\n<\/div>\n\n
      \n

      It\u2019s also a\nmyth that being self-employed means you can\u2019t get a mortgage. You might have to\njump through a few extra hoops to prove your income, but with the rise of\nfreelance and flexible work, many lenders are now better suited to assess\ndifferent employment situations.<\/p>\n<\/div>\n\n

      \n
      • MYTH:\nYou should choose a home before thinking about mortgages<\/strong><\/li><\/ul>\n<\/div>\n\n
        \n

        The opposite is\ntrue! It\u2019s a good idea to meet with us before finding your dream home. Securing\nan Agreement in Principle will speed things up once you have an offer accepted.<\/p>\n<\/div>\n\n

        \n
        • MYTH:\nYou should always pick the lowest interest rate<\/strong><\/li><\/ul>\n<\/div>\n\n
          \n

          Although it\u2019s\nnatural to focus on the headline figure, a low initial rate does not\nnecessarily mean a cheaper mortgage. If you\u2019re on a tracker mortgage, for\nexample, the rate can rise at any time. So, a higher fixed rate might end up\ncheaper in the long term. Different fees can also come into play; we can weigh\nup your options.<\/p>\n<\/div>\n\n

          \n
          • MYTH:\nYou need to get a mortgage from your current bank<\/strong><\/li><\/ul>\n<\/div>\n\n
            \n

            There\u2019s no\nobligation to get a mortgage from your current bank. In fact, it\u2019s a good idea\nto compare multiple providers to find the best deal for your needs \u2013 that\u2019s\nwhere we come in!<\/p>\n<\/div>\n\n

            \n

            Get in touch<\/strong><\/p>\n<\/div>\n\n

            \n

            We can help\ndispel myths at every stage of your mortgage journey. Our clear and transparent\napproach will help you find the most suitable mortgage for your circumstances.<\/p>\n<\/div>\n\n

            \n

            It is important to take professional advice before making any\ndecision relating to your personal finances. Information within this article is\nbased on our current understanding and can be subject to change without notice\nand the accuracy and completeness of the information cannot be guaranteed. It\ndoes not provide individual tailored investment advice and is for guidance\nonly. Some rules may vary in different parts of the UK.<\/em><\/strong><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

            MYTH: You need a perfect credit rating A bad credit history can have a negative impact on your mortgage application, but it doesn\u2019t make getting a mortgage impossible. Indeed, there are specialist lenders who offer mortgages to people with less favourable credit histories. MYTH: You can\u2019t get a mortgage if you\u2019re self-employed It\u2019s also a […]<\/p>\n","protected":false},"author":12,"featured_media":1227,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,76],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/1232"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/comments?post=1232"}],"version-history":[{"count":1,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/1232\/revisions"}],"predecessor-version":[{"id":1233,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/1232\/revisions\/1233"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/media\/1227"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/media?parent=1232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/categories?post=1232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/tags?post=1232"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/hd_content_source?post=1232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}