Life, income or critical illness cover — what is the difference?
Life insurance pays out if you die, critical illness cover pays a lump sum if you’re diagnosed with a specified serious...
Mortgage guides by Seema Babber
Mortgage adviser
Seema looks after buyers from the first affordability check to completion, working alongside a dedicated case handler so clients always have someone to call.
All guides (6)
How do lenders stress test rental income?
Buy-to-let lenders check that the expected monthly rent covers the mortgage interest by a set margin — often 125% to 145...
What is an agreement in principle, and do I need one?
An agreement in principle (AIP) is a lender’s indication of how much it may lend you, based on basic checks. It isn’t a...
What is an early repayment charge, and when does it apply?
An early repayment charge (ERC) is a fee some lenders apply if you repay or leave your mortgage deal before it ends. It...
When should I start looking at a remortgage?
Start around six months before your current deal ends. Many lenders let you secure a new rate that far ahead, which give...
How much deposit do I need for my first home?
Most lenders need at least 5% of the purchase price as a deposit. With 10% or more you'll usually have more lenders to c...