Wondering if you can add someone to a mortgage? Learn how the process works, what lenders look for, and the costs involved.
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Want to get on the property ladder but don’t have loads saved up? Discover real ways to buy a house with no money, from gifted deposits to 100% mortgages.
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Struggling with an IVA and wondering about getting a mortgage? Find out how an IVA affects your application and what options you have.
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Are you 50+ and wanting to buy a house? Discover lender age limits, eligibility criteria, and expert tips to help you secure a mortgage later in life.
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Discover exactly how your student loan impacts your credit score, borrowing power, and overall ability to secure a successful mortgage application.
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Learn how your credit score can influence your mortgage options, interest rates, and chances of approval.
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Discover how long a mortgage application takes through a broker, and how they help simplify each step and speed the process up.
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Whether it's for a second home, investment property, or holiday home, many wonder if they can have 2 mortgages. This guide will tell you all you need to know.
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Getting a mortgage with a CCJ is NOT impossible. We've got all the tips and advice you need to know to enhance your chances of homeownership.
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Providing excellent customer service should be the cornerstone of any service-based business. In the world of mortgage advice, it can mean the difference between beginning an exciting new chapter and being caught in a jargon-filled, stress-inducing whirlwind. That’s why we’re beyond proud to share that The Levels Financial has been…
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The Levels Financial recently won three awards from The 2024 ESTA (The Estate And Letting Agents) award ceremony. What Awards Did The Levels Financial Win? Connor, Tom and Michelle attended the awards ceremony and were the proud winners of the following awards: Grand Prix – Best Mortgage Broker Office in…
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No matter the size of your company, it’s always recommended to protect yourself, your employees and assets with business insurance. Helping you to safeguard yourself against unforeseen legal costs, stock or premises damage and more. When running a company, you never know what’s around the corner. This is why protecting…
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At the end of 2023, the UK economy entered into a recession, following two consecutive quarters with negative economic growth. The UK GDP (gross domestic product) fell by 0.3% between September and December. (According to the office national statistics.) At The Levels Financial, we know what a strain a recession…
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House equity, sometimes referred to as mortgage equity or home equity, is a term that is used commonly in the financial and mortgage industries. In this article, we will cover the following frequently asked questions when it comes to equity: What is house equity? How to work out how much…
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Getting onto the property ladder, as a first time buyer has become increasingly hard in recent years. As the average property value is now around 6.7 times the average person’s UK salary, according to Halifax. With the average deposit needed to buy a home hitting almost £62,500. But, in this…
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Debunk common mortgage myths with The Levels Financial. Find out the truth behind, poor credit scores, applying for mortgages when pregnant and more, including: Poor credit score means you can’t get a mortgage Your mortgage application will be refused if you’re in debt Mortgages have an age cap Buy to…
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As of July 2023, only 50% of UK adults own their own homes, equalling 26.4 million people across the country who are currently homeowners. According to a survey conducted by Avanthomes. At The Levels Financial, we know that with the changing base rates, cost of living crisis and rising house…
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Home and contents insurance, sometimes known as building and contents insurance can help provide financial compensation against theft, broken or damaged content or disasters in your home, such as fires and floods. When you purchase a house, most mortgage lenders insist that you have at least a home insurance policy…
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UK mortgage applications, whether you’re a first time buyer, or looking at moving homes, applying for a mortgage can be a daunting task. This is why our team of local mortgage advisors have put together this handy checklist of what you will need to prepare ahead of your mortgage application.…
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Are you on the property ladder yet? Well, if you’re struggling to buy your first home, you’re certainly not alone. Whether you’re living at home with your parents, renting with friends or on your own, owning a home is the goal for the majority of UK adults. However, it is…
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Did you know that, according to a recent report, 65% of mortgage applications are unsuccessful first time round? Meanwhile, only a third of first time buyer applicants are successful on their first attempt. Submitting a mortgage application can be a time-consuming and daunting process, and then after all that you…
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If you’re looking to buy a home, more often than not you will need a mortgage in principle. In this article, our team of expert mortgage advisors will help you understand what a mortgage in principle is, why you need it and how you can apply for one. So, whether…
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Are you a first time buyer looking to purchase your first home and take that all-important step onto the property ladder? Buying your first home is an exciting time, there’s nothing quite like having a deposit together and finding your dream home. At The Levels Financial, we have helped 100s…
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“Do I need to pay stamp duty?” This is one of our Yeovil mortgage advisors’ most asked questions when helping first time buyers and those moving homes obtain their mortgages. At The Levels Financial, we know that purchasing your new home is an exciting time, which is why we always…
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Are you planning on moving home? Whether you’re upsizing or downsizing, moving houses is said to be one of the most exciting life events. The joy that comes from moving home far outweighs the stress. At The Levels Financial, we know that selling and moving homes can be confusing, especially…
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Are you a first time buyer? Did you know that there is a range of financial benefits to being in your position? At The Levels Financial, we know that buying your first home is an exciting process and is with you every step of the way, so you can get…
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Variable rate mortgages, what are they, how do they work and what are the benefits of using them compared to other mortgage products? At The Levels Financial, we understand that navigating the world of mortgages can be a daunting task, which is why we are always on hand to help…
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When looking for personal insurance packages, it’s important to understand the difference between individual and family coverage. Whether you know what type of coverage you need, or you’re just starting to look for types of insurance coverage, at The Levels Financial, we offer expert insurance advice, helping you find the…
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At The Levels Financial, we have helped countless clients to port their mortgages. But, what is porting a mortgage, why do people do it and how does it work? These are all questions that our highly experienced team of advisors get asked regularly. This article explains exactly what mortgage porting…
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At The Levels Financial, we offer insurance for critical illness cover, as we know that it is impossible to prepare for the unexpected. One of the main questions we get though, is ‘what protection is offered when investing in critical illness cover? When applying for a mortgage, buying houses and…
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Fixed mortgages – how often have you seen this phrase when you’ve been shopping for a mortgage? Could you put your hand up and say you 100% know exactly what a fixed mortgage is and the benefits? In the UK, we have a wide range of mortgage types, whether you’re…
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Are you thinking about getting a buy to let mortgage and require more information before you make a decision? At The Levels Financial, we offer a wide range of mortgage products to ensure you get the right service for your requirements. Whether you’re looking to buy your second home, remortgaging…
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Building and contents insurance is something that most homeowners need, but not something that is often known about until you’re in the final stages of purchasing your home. At The Levels Financial, as expert mortgage and insurance advisors, we help you understand what building and contents insurance is and why…
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When you’re self-employed, getting a mortgage, whether for a first time buyer mortgage or to remortgage, the process will be slightly different compared to those who are employed by a company. At The Levels Financial, we understand that being self-employed comes with a wide range of responsibilities and lots of…
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November 15th 2023 brought the news that the inflation rate had fallen to 4.6% – the lowest it’s been since November 2021. But what does this mean for mortgages? Our team of qualified mortgage experts are here to help. Read on to find out what this inflation rate change can…
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Income protection insurance. If you’ve just purchased your first home or applied for your first mortgage, this is probably a term you’re hearing a lot of. Whether you’re a first time buyer or a seasoned property investor, income protection insurance is highly recommended for you. In this blog, our team…
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Are you looking to take out life insurance for yourself and/or a loved one, but not sure which insurance policy is best and whether it will fit your requirements? At The Levels Financials, our team of dedicated insurance advisors are on hand to provide transparent and comprehensive life insurance advice,…
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“What are mortgage rates in 2024 going to look like?” As trusted and knowledgeable mortgage advisors, this is a question we are currently getting asked a fair amount. Considering that 2022 and 2023 brought about an incredible 13 individual base rate increases, which is making people look forward to 2024,…
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Understanding mortgage types is something many people think they’ll never be able to achieve. Confusing. Daunting. Overwhelming. Indeed, the world of mortgages is often associated with words like these, and with 100s of new terms, forms to fill in, and financial jargon to decipher. it’s no wonder why. That’s why…
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Did you know that mortgage offers can be withdrawn at any point between being offered up until contracts have been exchanged? One of the most asked questions when applying for a mortgage is ‘Can a mortgage offer be withdrawn?’ In this blog post, we will answer that query and highlight…
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Interested in getting a shared ownership mortgage? Unsure what it entails or how to go about applying for one? Well, we’re here to unlock the mystery of shared ownership mortgages with this comprehensive guide. What Are Shared Ownership Mortgages? Are You Eligible For A Shared Ownership Mortgage? How To Apply…
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The 3rd August 2023 marked the 14th time England’s base rate has risen to 5.25%. At The Levels Financial, we know how important it is to be aware of all industry and financial updates, which is why we always keep our ears to the ground and are up to date…
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Applying for mortgage approval is such an exciting time, you’re one step closer to buying your dream home. At The Levels Financial, we want to help you every step of the way, from applying for your mortgage in principle to signing the final paperwork and unlocking the door of your…
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Are you curious about what can affect your credit score and how it may impact your financial situation? Understanding your credit score is crucial when it comes to managing your finances effectively. In this article, we will delve into what a credit score is and how it is measured, as…
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It’s no secret that the UK and much of the world are currently in the midst of a cost of living crisis. With the base rate increasing to 5% and the cost of food, energy and more increasing, it has become incredibly harder for first time buyers to save for…
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Can I get a mortgage whilst on maternity leave? This is a question that our team at The Levels Financial hear fairly often when helping our clients applying for mortgages. Applying and getting a mortgage whilst on maternity leave can be slightly more challenging than when not, but it is…
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Today, on June 22nd 2023, the Bank of England increased the base rate to 5%, their 13th increase in a row and the highest the base rate has been in 15 years. But what does this mean for you and your mortgage? Our mortgage advisors are on hand to help…
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If you’ve been renting in the UK and watching house prices climb higher each year, you’re probably wondering how on earth you’ll ever save for a deposit. Well, the track record mortgage is a game-changing option that could finally make homeownership possible for thousands of renters. In this comprehensive guide,…
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In March 2023, the Bank of England announced a 0.25% increase to its base rate, from 4% to 4.5%. In this article, our team of Yeovil mortgage advisors will outline what this means and how it could affect existing mortgages, those applying for a remortgage, or first-time home buyers. What…
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Remortgaging is where you can take out a new mortgage on a house or property you already own, often with the goal of obtaining better terms and conditions. Remortgaging can involve many complex decisions, from selecting the right mortgage rate and terms for you to finding the most suitable lender.…
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Buying your first house is ultimately one of the biggest life events, as this is your first step onto the property ladder. We understand all of the different emotions that will be running through your head, from excitement to the stress of the unknown, but we can guarantee that we…
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Are you thinking about remortgaging your Yeovil home or property? Here at The Levels financial, our team of advisors in Yeovil have all the information you may need when you’re thinking about or in the process of remortgaging. What Is Remortgaging? Why Should You Remortgage? Reasons Why You Shouldn’t Remortgage…
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Applying for a mortgage is always a daunting process, especially if you’re a first time buyer. There are so many things to consider and so many questions to ask. It’s a big commitment after all. While our Yeovil mortgage brokers are always on hand to answer any questions you may…
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When you’re looking to take out a mortgage, one of the first things you’ll likely worry about is your credit score. Many may have heard that their credit score can affect your ability to take out a loan, but when it comes to trying to improve the score itself, things…
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It’s not uncommon for those getting in touch with our Yeovil mortgage advisors to not fully understand the ins and outs of the process. They know they need one to buy a house, but, past that, the process feels overly esoteric to many. While at The Levels Financial we are…
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One question our Yeovil mortgage advisors hear often at the moment is ‘which is better between a fixed mortgage and a discount variable mortgage’? Of course, like any other financial matter, the answer is not as clear cut as simply saying one is superior to the other. However, given that…
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Buying your first home can be a daunting process. With so much information abound about First Time Buyer Mortgages, it’s no surprise that some people end up feeling confused about what they are, how to acquire one, and how it would benefit them in the application and buying process. To…
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“Will Klarna affect my mortgage application?”. That’s a question our team of mortgage brokers are asked almost daily. In June 2022, Klarna announced that they would be reporting customers to credit agencies; informing them of payment history and, most importantly, who has a record of failed or late payments. However,…
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We at The Levels Financial are pleased to announce the launch of our new website. Check it out at www.thelevelsfinancial.co.uk. Get In Touch Get In Touch For more information on our specialist mortgage and insurance services please call our friendly team on 01458 772 040 or email us at admin@thelevelsfinancial.co.uk.
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As mortgage advisors in Somerset, we are always tuned in to the latest updates in the financial sector. It’s one reason we’re able to give the right advice to our customers. With that in mind, the continued base rate rises that the Bank of England have rolled out in 2022…
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