Self-Employed in the UK? Here’s How to Get a Mortgage (Without the Headache)
Running your own business should not hold you back from owning a home. If you are self-employed in Doncaster, Sheffield, or nearby, you can still get a competitive mortgage. You just need to know what lenders look for, how to present your income clearly, and which steps make the biggest difference. This guide walks you […]
Our First Home: Top Tips for First-Time Buyers in Doncaster
Buying your first home is exciting. It can also feel overwhelming. You are not alone. Many first-time buyers in Doncaster feel the same at the start. This guide walks you through the key steps in plain English. You will learn how deposits work, which mortgages might suit you, how lenders assess you, and what to […]
Is It Worth Using a Mortgage Broker in Doncaster?
Finding the right mortgage is a big step towards buying your dream home/property in Doncaster, but the process can feel daunting, especially if you are a first-time buyer or moving house. With so many lenders, fees, and forms, it is no surprise that many people wonder whether working with a mortgage broker is worth it. […]
Bad Credit? You May Still Be Able To Get A Mortgage, Here’s How
Worried your credit past has closed the door on owning a home? You are not alone, and you are not out of options. At Burnett Mortgages in Doncaster, we help people with imperfect credit find a way forward every week. This guide explains what lenders actually look for, what counts as “bad credit,” how to […]
Young homeowners without life insurance
A recent survey has found that 28% of young adults with a mortgage do not have life cover1. It is estimated that there are 1.7 million homeowners in the UK who risk leaving their loved ones unprotected in the event of their death. When asked why they do not have life insurance, 23% said they […]
Decline in essential cover
The number of people taking out protection policies continued to decline last year according to research1. In 2023, purchases of new long-term individual protection policies decreased by 5.5% – this includes term life insurance, whole of life cover, critical illness and income protection. The term life insurance market experienced the most significant drop, with a […]
Will higher mortgage rates be the norm?
Market experts have predicted that mortgage rates of 4.5% will be the ‘new normal’ in the UK. In August 2023, Bank Rate reached a 16-year high of 5.25%, causing the cost of borrowing to increase. Many hoped this was a one-off spike, but the CEO of Lloyds Banking Group has suggested that this might be […]
Mortgage costs are set to keep rising
Cuts to Bank Rate may be expected to ease some short-term financial pressure this year, but a report from the Bank of England suggests that mortgage payments are likely to rise for around three million households by 2026. Prepare for an increase The Bank observed, ‘The share of households spending a high proportion of their […]
Young adults need life insurance too
A recent report has found that most young adults in the UK do not have life insurance1, even though it is one of the most important financial products that you could have. Cost-of-living crisis Over half (51%) of adults aged 18-40 admitted they do not have life cover, with many concerned about affordability due to […]
Protection – go above and beyond
If you already have adequate cover in place, it can be easy to assume that there is nothing more to be done. However, there are extra steps you can take to make sure that you and your loved ones are fully protected in the event of a claim. Writing life insurance policies in trust Having […]