{"id":7683,"date":"2022-08-17T08:43:39","date_gmt":"2022-08-17T07:43:39","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/?p=7683"},"modified":"2022-08-17T14:27:50","modified_gmt":"2022-08-17T13:27:50","slug":"mortgage-myths-fact-versus-fiction","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2022\/08\/17\/mortgage-myths-fact-versus-fiction\/","title":{"rendered":"Mortgage myths \u2013 fact versus fiction"},"content":{"rendered":"
\n
  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

            As a\nmortgage is secured against your home or property, it could be repossessed if\nyou do not keep up mortgage repayments.<\/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":7688,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,91],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/7683"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=7683"}],"version-history":[{"count":4,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/7683\/revisions"}],"predecessor-version":[{"id":7698,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/7683\/revisions\/7698"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/7688"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=7683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=7683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=7683"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=7683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}