The Edward Mellor guide to mortgages

Posted by siteadmin on Tuesday 30th of July 2019

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Your mortgage is likely to be the biggest commitment, financially, you’ll ever make. With this in mind, it’s worth spending time making sure you know exactly what you’re getting yourself into. Here at Edward Mellor mortgages, we’ve put together a complete guide of everything you need to know to do with mortgages.

Let’s start at the beginning…


 What is a mortgage?


 A mortgage is a loan you take out to buy property or land. The loan is secured against the value of the property or land, meaning if you can’t or don’t keep up with your...


Considerations for first-time buyers

Posted by siteadmin on Tuesday 16th of July 2019

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 Being a first-time buyer can be daunting.

Not only are you about to make one of the biggest financial decisions in your life, but you’ll probably also have family members and friends offering their ideas on the right house, mortgage, lender conveyancer and even removal company for you.

We’ve put together some ideas to try and take away some of the stress and confusion and give you the confidence to move through the home buying process as smoothly as possible.


 Get the right advice


Of course we’re going to say that - it’s what we...


What To Bring To Your Appointment

Posted by siteadmin on Friday 28th of June 2019

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When applying for a mortgage, there are lots of documents and information needed to complete your application.

The more documents you can bring to your initial mortgage appointment, the quicker you'll be able to get moving.

To help prepare you for your first mortgage appointment, we’ve put together a list of documents you’ll need to bring with you.

Please bring as much as possible of the following information with you to your appointment:

1) Last 3 months payslips (and P60 if available) if you are currently employed
2) Last 3 years ...


According to new independent research, thousands of borrowers could be missing out on a better mortgage deal by not speaking to an adviser.

The recent study which surveyed over 2,000 UK homeowners revealed some pretty staggering results.

It found that 31% of borrowers who went direct to a mortgage lender didn’t understand how a mortgage adviser could help with their search.

The findings also showed that 69% of consumers who went straight to a lender hadn’t re-mortgaged in the last 5 years.

On top of this, 74% said they’d stayed put with ...


An Expert Guide to Remortgaging Your Home

Posted by siteadmin on Thursday 13th of June 2019

Remortgaging to a different deal could potentially save you hundreds or even thousands of pounds a year, with over half of UK homeowners spending approximately £3,500 too much on their mortgage, it’s important to review your mortgage regularly to see if better deals are available elsewhere. 

Here, we explain exactly how remortgaging works and outline the potential benefits.

What is remortgaging?
Remortgaging is when you change the mortgage you currently have on your property, either by switching it to a new lender or by moving to a differen...


Need help to buy?

Posted by siteadmin on Wednesday 29th of May 2019

Do you aspire to own a new-build home? Are you looking to move home, but lack sufficient funds to afford the repayments on a low-deposit mortgage? You may find it easier to join, or move up the property ladder, thanks to the government-backed Help to Buy scheme.

There are several schemes currently:

Shared Ownership

This is available to first time buyers unable to afford the full 100% mortgage on a home. It works by allowing them to buy a share of the home (between 25% and 75%), and then pay rent on the remaining share. An option to buy fu...