Gifted deposits explained
By: Jack Williams
Gifted deposits can be a great way to help family members purchase a home, but many people are unfamiliar with how they work. If you're considering using a gifted deposit to buy a property, it's important to understand the ins and outs of…
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Why use a mortgage broker?
By: Sarah Williams
At Blossomfield Mortgages, we understand that buying a home can be a complex and overwhelming process. That's why we're here to help, offering expert mortgage advice and protection services in Birmingham and Lichfield. And if you're…
What is Stamp Duty Land Tax?
By: Jack Williams
If you are purchasing a property in the UK, you will most likely need to pay Stamp Duty Land Tax (Stamp Duty) to the Government. How much you owe is dependent on the purchase price of the property and your circumstances.
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How to improve your credit score to qualify for a better mortgage rate
By: Sarah Williams
Are you in the market for a new mortgage, but feeling a little apprehensive about your credit score? Don’t worry, you’re not alone. Improving your credit score is an important step in qualifying for a better mortgage rate. A good credit…
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Leasehold vs Freehold: What is the difference?
By: Harley Cheetham
When it comes to owning property in the United Kingdom, there are two main types of ownership: leasehold and freehold. While both types of ownership allow you to live in and make changes to the property, there are some key differences…
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Declined for a mortgage due to affordability? What to do next
By: Jack Williams
Being declined for a mortgage can be a frustrating and disappointing experience, especially if you have been planning to buy a home for a long time. One of the most common reasons for mortgage decline is affordability. When a lender decides…
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What is contents insurance?
By: Harley Cheetham
Contents insurance is an insurance policy that covers the personal belongings and possessions in your home. This can include, but is not limited to, furniture, electronics, clothing, and jewellery. The policy will cover the costs of…
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First Time Buyers: What to expect
By: Sarah Williams
Buying a home is a big step, especially if it is your first time. The home-buying process can be complicated, so it is important to have a clear understanding of what to expect. This article will provide details on what first-time…
Is equity release right for you?
Equity release is a financial product available in the United Kingdom that allows homeowners to access the equity (or value) in their home without having to move out. This type of product can be a useful option for homeowners who are…
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