Question 1

Can I arrange my mortgage online if I live outside Warrington?

Accepted Answer

Yes. Whilst we are based in Warrington, we provide full whole-of-market mortgage advice and protection planning to clients nationwide across the UK via secure Zoom, Microsoft Teams, and phone consultations.

Question 2

How much deposit do I need to buy a house in the UK?

Accepted Answer

Most UK lenders require a minimum deposit of 5% to 10% of the property’s purchase price. For example, buying a £200,000 property with a 5% deposit requires £10,000 down, whilst a 10% deposit requires £20,000.

Question 3

How far in advance should I start remortgaging before my deal ends?

Accepted Answer

You should begin reviewing your remortgage options 6 months before your current fixed rate expires. Securing a new mortgage offer early locks in competitive rates and prevents you from falling onto your lender’s expensive Standard Variable Rate (SVR).

Question 4

Do you charge fees for mortgage advice?

Accepted Answer

Our initial consultation is conducted without obligation. We provide a personalised Client Agreement outlining any specific advice fees before you proceed.

Question 5

How much can I borrow for a mortgage based on my income?

Accepted Answer

Standard UK lending guidelines allow you to borrow roughly 4 to 4.5 times your gross annual household income, subject to outgoings, credit checks, and lender stress testing.

Question 6

What documents do I need to provide for a Decision in Principle (DIP)?

Accepted Answer

To secure a Decision in Principle, you need a photo ID (passport or driving licence), proof of address (utility bill within 3 months), 3 months of recent payslips or 2 years of SA302s (if self-employed), 3 months of bank statements, and proof of deposit.

The Mortgage Insights Hub

I J Mortgage Solutions Limited is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority.

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I J Mortgage Solutions