Call us
01242 697821

Blogs

Keep up to date with the latest news and our guides on all things mortgages. 

Looking to buy this summer? Let’s get your preapproval sorted!

Did you know that the summer months typically see an increase in home sales? We thought we’d put together this quick article to help you find out how to get a mortgage that works best for you. But don’t forget, to ensure your summertime home purchase is a successful one, chat directly with us for the right option for you.

First tip? Learn your debt-to-income ratio (DTI)

Your DTI is the ratio between your debt and your income. It reveals how much you owe from how much you earn. Ideally, borrowers should have low amounts of personal debt while earning an income, enabling them to support their mortgage. Still, a high DTI doesn’t necessarily stop you from being able to borrow. We can walk you through your options—you may have more choices than you think.

Things to think about:

  • Student loans
  • Credit score
  • Reduce current expenses

Next? Getting a Decision in Principle for a mortgage.

A Decision in Principle (DIP), also known as an Agreement in Principle (AIP), is a preliminary assessment from a mortgage lender that indicates how much they might be willing to lend you for a mortgage.

Unless you’re buying in cash, a Decision in Principle is strongly recommended. Some estate agents will not even entertain working with a client unless they have this document.

Finally? Stay close to your mortgage professional (of course!)

We see it every day—our team goes above and beyond to smooth out challenges, confusions, and concerns, as our clients apply for loans. The closer our clients stay to us throughout the application process, the better outcomes we’re able to deliver them. Regular check-ins, promptly respond to paperwork requests, and bring any new financial developments to your broker’s attention.

Bonus tip! Buy what you want, when you’re ready

You’d be surprised how many people place their wants and needs at the bottom of their own ‘to-do list.’

Do you have a family that needs more room? Are you downsizing? Do you want to live closer to your job or your children’s school? These considerations are just as important as the kind of loan. The answers to these questions will help you choose the area you live in and the type of home you eventually buy.

You can achieve the dream of owning your home this year by better understanding your complete financial picture and working closely with a mortgage professional to reach your goals. We help make this dream come true every day. There’s no challenge we haven’t seen tackled, and there’s no obstacle we can’t figure out how to overcome. If you’re ready to explore your mortgage options, get in touch today!

Your home or property may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.

SPEAK TO AN ADVISER

Related

Is Your Protection Still Fit for Purpose? January is the Time to Review Income & Life Cover

Is Your Protection Still Fit for Purpose? January is the Time to Review Income & Life Cover

January is often when people take a step back and look at their finances with fresh eyes. Once the f...

Read More >
Autumn Budget 2025: What Homeowners and Buyers Should Know

Autumn Budget 2025: What Homeowners and Buyers Should Know

Delivered by Chancellor Rachel Reeves on 26th November, the 2025 Autumn Budget brings a mix of new c...

Read More >
Big News! Interest-Only Mortgages Just Got Easier

Big News! Interest-Only Mortgages Just Got Easier

Big news from the mortgage world: Nationwide are releasing interest-only mortgages to first-time buy...

Read More >
A Broker’s Guide to Busting Mortgage Barriers for Homeowners

A Broker’s Guide to Busting Mortgage Barriers for Homeowners

Refinancing a mortgage isn’t always as simple as finding a lower rate. Changing incomes, property v...

Read More >
Have You Heard of the Term ‘Mortgage Prisoners’?

Have You Heard of the Term ‘Mortgage Prisoners’?

If you’re a homeowner in the UK, you might have heard the term “mortgage prisoner” being thrown a...

Read More >
Why It Pays to Speak to a Mortgage Broker Six Months in Advance

Why It Pays to Speak to a Mortgage Broker Six Months in Advance

When it comes to buying a property or remortgaging in the UK, most people don’t think about mortgag...

Read More >

What our clients say...

Stay Informed: Mortgage Tips & Trends

The January Money Reset Quiz

Be honest, January arrives, the decorations come down… and suddenly the credit card statements arri...
Read More

Small Tweaks, Better Balance

January is a natural time to get organised. Budgets are under review, paperwork is being sorted, and...
Read More

A New Year Perspective: How Equity Release Could Support Your Future Goals

January is often a time for reflection and forward planning. For homeowners in later life, it can al...
Read More

Is Your Protection Still Fit for Purpose? January is the Time to Review Income & Life Cover

January is often when people take a step back and look at their finances with fresh eyes. Once the f...
Read More

Does Your Health Insurance Still Reflect Your Life Today?

January has a habit of making us take stock. New diaries, fresh plans, and a quiet promise to be a b...
Read More

New Year, New Mortgage Plan

January is often seen as the month for fresh starts. We declutter our homes, reset routines and take...
Read More

Autumn Budget 2025: What Homeowners and Buyers Should Know

Delivered by Chancellor Rachel Reeves on 26th November, the 2025 Autumn Budget brings a mix of new c...
Read More

Take The Stress Of Christmas With Equity Release

The festive season can be magical. But honestly, we are speaking to so many of our clients, and the ...
Read More

The Hidden Benefits of Using a Broker for Your Protection Policy

Did you know that nearly one in five adults in the UK who start looking into protection insurance do...
Read More

How Health Cover Is Evolving, And Why It Matters

Health insurance has come a long way. Once seen as something you only used when you were unwell, tod...
Read More


Fairview Financial Ltd is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority. Fairview Financial Ltd is registered in England and Wales no: 10912424. Registered office: 107 Promenade, Cheltenham, GL50 1NW.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

@ 2020 by Fairview Financial

Our Fees        

A fee may be charged for mortgage advice. The exact amount will depend on your circumstances.

Our standard fee for mortgages is £395 and this is paid when the mortgage is offered. We charge a fee of £295 First-Time Buyers. Other fees may apply depending on the complexity of the work involved or loan amount. The maximum fee we can charge is £795.

Our standard fee for Equity Release is £895 and this is paid on completion.

We also receive a commission from the lender that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. If we receive a commission, this will not affect the cost payable by you.

THINK CAREFULLY ABOUT SECURING OTHER DEBTS AGAINST YOUR HOME.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.

BUY TO LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

EQUITY RELEASE: THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, PLEASE ASK FOR A PERSONALISED ILLUSTRATION. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.


  • Back to top