FAQs

The CIS scheme (Construction Industry Scheme), or CIS as it’s simply known, is a UK tax scheme that applies to payments made by contractors to subcontractors that work within the construction industry. Contractors generally deduct money from a subcontractor’s payments…

Yes. You can remortgage to potentially secure a better deal or to reduce your monthly mortgage repayments. Alternatively, homeowners may want to remortgage to make home improvements. It’s done as a way of acquiring additional funds for improving the property, ranging…

Gifted deposits refer to money given to someone, usually by a family member, to buy a property. The recipient of a gifted deposit doesn't have to repay the money once it has been given. For instance, if you’re buying a £250,000 property and you need a £25,000 deposit, a…

Yes. You can get a mortgage to cover home improvements. This can be done by either borrowing additional funds through a remortgage, taking an advance from your existing lender or using a specific home improvement product, which will be subject to affordability checks and…

Yes. You can get a mortgage with a bad credit rating. However, there may be fewer lending options available to you, along with higher interest rates and larger deposit amounts required. Whether or not you’re approved for a mortgage with a bad credit rating will depend on…

The stages of getting a mortgage for first-time buyers or the self-employed are:

1. Creating a budget 

You need to work out how much you can realistically afford to borrow and what monthly repayments you can manage. Account for the…

The different types of self-employment are:

Sole Trader

A sole trader runs their own business as an individual. The individual keeps the profits made after tax, but they are personally responsible for the business’s debts and obligations.…

Yes. You can get a mortgage with mortgage arrears, but it can be more difficult. Lenders will consider how recent and serious the arrears are, your current financial circumstances, your credit history and whether your mortgage payments are up to date.

Usually,…

Yes. You can get a mortgage with a debt management plan. However, your options will usually be limited. Lenders normally consider things like credit history, outstanding debts, affordability, repayment history and the circumstances surrounding your debt management plan…

Yes. You can get a mortgage with defaults on your credit file, potentially. It can depend on a number of factors, like your choice of lender. The mortgage deals available to you under these circumstances may also be limited.

Lenders will consider how recent the…

Yes. You can get a mortgage after bankruptcy, but it will be more difficult, especially if the bankruptcy is still ongoing. Lenders will consider whether you’ve been discharged, how long ago the bankruptcy occurred, your credit history, your deposit amount and your…

Yes. You can get a mortgage with a County Court Judgment (CCJ). However, the mortgage deals available to you may be limited, and the interest rates will usually be higher. The mortgage lender will look at your application on an individual basis, paying particular…

A contractor mortgage is a mortgage designed for people who work on a contract basis as opposed to being permanently employed by a business or organisation. Contractors may find it harder to obtain a mortgage as their income can vary month-to-month and year-to-year. They…

Here's how you can remortgage to get a better deal:

A dedicated and experienced mortgage broker, like the ones we have here at View Finance, has the skills, knowledge and expertise needed to find you the best possible mortgage deal on the market when remortgaging.…

Debt consolidation is the process of combining multiple debts into one new debt or repayment arrangement. It’s designed to make your finances easier to manage or to potentially reduce the amount you pay each month.

Debt consolidation can be done in a number of ways…