Knowledge Base

On average, the full process — from application to completion — takes 4 to 8 weeks, depending on your lender, property type, and documentation. International or visa-based applications may take slightly longer due to extra checks.

Yes. UK lenders consider self-employed applicants if you can provide consistent income evidence — usually two years of trading history. Some specialist lenders may accept just one year if your business performance is strong.

Yes, many UK lenders offer mortgages to visa holders and foreign nationals. The specific options depend on your visa type, employment history, income, and deposit size. Skilled Worker, Health & Care, and Global Talent visa holders are often eligible with as little as a 25% deposit.

Most lenders require at least a 5% deposit for standard residential mortgages, and 20–25% for buy-to-let or non-UK resident applicants. A larger deposit usually means better rates and more lender options.

Typically, you’ll need proof of identity, proof of address, bank statements, payslips or tax returns, and your visa or residence permit. Self-employed applicants may need SA302s and company accounts for the last two years.

Remortgaging means switching to a new mortgage deal, either with your current lender or a new one. Many borrowers remortgage when their fixed-rate period ends to avoid higher SVR (standard variable rate) charges and secure better terms.

A fixed-rate mortgage keeps your interest rate stable for a set period, protecting you from rate changes. A variable or tracker mortgage moves in line with the Bank of England base rate — which can mean lower or higher payments over time.

If you’re on a tracker or variable mortgage, any change in the Bank of England base rate directly affects your monthly payments. Fixed-rate mortgage holders remain unaffected until their fixed term ends.

Yes, most UK lenders allow overpayments — usually up to 10% of your balance per year during a fixed term — without penalty. Overpaying reduces your debt faster and cuts down total interest.

If you fall behind, contact your lender immediately. They can offer temporary solutions such as payment holidays or adjusted plans. However, continued missed payments can lead to repossession, meaning the lender may take back your property.