In this episode we have UK Mortgage Advisor, Dan Knott who has helped hundreds of first time buyers secure their first mortgages.

In this episode we discuss:

- How credit impacts your mortgage options

- Whether you can use stocks, crypto, pensions, side hustle income for a mortgage

- Getting a mortgage as a self-employed person

- What to do if you're a struggling landlord

- What to do if you're remortgage is coming up

- Stamp duty changes and more

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https://www.linkedin.com/in/dan-knott-1740b31b0

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TIMESTAMPS

00:00 - Savvy Wallet Ad

00:18- Preview

01:23 - Intro

01:59 - Meet Mortgage Advisor Dan Knott 

05:33 - The amount of first time buyers in 2024 vs 2023 

07:52 - House prices in 1997 was 5x salary

10:07 - Tide Ad

11:41 - Labour’s pledge to build 1.5 million homes

12:57 - Things you should think about prior to getting a Mortgage 

15:08 - How your credit score & report impacts mortgage options

20:05 - The impact of a missed payment, default or CCJ

22:57 - Buy Now Pay Later & Mortgages

28:52 - How to improve your credit score 

29:45 - What other information is important for a mortgage?

31:44 - How much mortgage can you get with your income? 

38:40 - Using crypto, stocks, pensions or property for a mortgage

43:35 - Can side hustle income be used for a mortgage?

45:47 - Any income or deposit sources a lender wouldn’t consider?

48:34 - How do lenders determine affordability? 

52:10 - Can car finance stop you getting a property? 

56:15 - How is the term length of a mortgage determined?

01:01:09 - Getting a mortgage as a Self-employed person

01:04:34 - Don’t attempt Mortgage fraud

01:06:38 - If you start a new job can you get a mortgage? 

01:08:29 - Does business experience impact your mortgage offer? 

01:09:29 - How a mortgage advisor can help you to get the best interest rate

01:13:39 - What to do if you’re struggling landlord

01:15:24 - What to do if your remortgage is coming up?

01:20:38 - Stamp duty changes

01:25:23 - Fixed mortgages: 2 year vs 5 year

01:26:55 - How to choose the right mortgage advisor 

01:28:16 - Final words

#FinancialPlanning

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