Getting a mortgage offer is a big step on your property journey, but it’s important to know that it isn’t a guarantee. There are still things that could go wrong before you get the keys, and understanding them can help you avoid unnecessary stress.
UK First-time buyers don’t pay stamp duty on properties costing up to £300,000, you’ll only pay stamp duty on the portion above £300,000. If the property costs more than £500,000, you’ll pay the standard stamp duty rates.
Improve your chances of mortgage success and get yourself mortgage-ready with our ultimate application checklist.
A mortgage agreement in principle usually lasts between 60 and 90 days, depending on the lender. Here's how it works and what to watch out for...