Can mortgage offers be withdrawn?

Understanding mortgages can be a tricky field if you are a first-time home buyer. Here at Eminence Mortgages, we understand that there is a lot to wrap your head around and get to grips with. That is why we are here to answer the questions you may have concerning all things home loan-related. One such […]

Can mortgage offers be extended?

Getting a mortgage offer is a great hurdle to have crossed on the road to purchasing your new home. There is a lot to know about the mortgage-offer process, which is why Eminence Mortgages is here to answer any questions you may have and simplify any jargon. One question you have may be about whether […]

Are mortgages transferable?

Figuring out how mortgages work can be tricky at the best of times. So, what happens when you want to do something which was not part of your original plan? One thing which could happen is that you want move house before paying off your existing mortgage. Is it possible to transfer your mortgage, and […]

Are mortgages based on gross income?

When it comes to mortgages, Eminence Mortgages are the experts. We are here to provide you with all the information you need to understand how to apply for mortgages, give you tips on how to boost your credit score, and clear up any myths or misconceptions. Today we will be addressing the question of what […]

Are mortgage rates going to go down?

When it comes to making predictions about how things will pan out in the future, many people want to know what is going to happen with mortgage rates. Whilst it is always difficult to give an accurate prediction, there are certain things we can rely upon to give us an indication as to whether mortgage […]

Are Mortgage Rates Going Down?

Mortgage rates have been coming down since last year and are expected to continue to fall down to pre-pandemic levels. This is great news to mortgage holders across the UK and also first time buyers. Mortgage rates have been dropping over the past months, however, there is no way of knowing how they will evolve […]

Are Mortgage Rates Going Up?

Since the Bank of England raised the base rates from 4% to 4.25% this has also raised mortgage rates. There has been an ever-growing pressure put on the cost of borrowing due to the bank increasing their base rate. When the Bank of England had raised the interest rates, millions of homeowners have faced a […]

How Mortgage Repayments Are Calculated

There are many ways in which you can calculate mortgage repayments. The easiest and quickest way is by going online and using a mortgage calculator tool which you can find pretty much on any bank or mortgage website. If you want to try and have a go at working out mortgage repayments yourself then the […]

How Mortgage Interest Is Calculated

When it comes to mortgage interest rates these are usually based on annual rates, but the interest is calculated monthly. In simple terms, an interest rate is how much it costs to borrow the funds. You would assume when you pay your loan repayments monthly, the amount will decrease as total interest prices drop. But […]

Can Mortgage Rates Go Down?

Mortgage rates have fluctuated dramatically over the years, and you may wonder if the rates will start to come down. There are many factures which can influence the increase and decrease of mortgage rates. The good news is mortgage rates have start to come down since autumn last year and are expected to continue to […]