Hove Mortgage Blog

Hove and neighbouring areas continue to draw renters, from young professionals near the seafront to families in Hangleton. If you are buying your first investment property, structure matters. Interest-only vs repayment Deposits, yields and stress testing Picking the right property in Hove Simple tax basics to consider Want a worked example for a property you…

Flats dominate parts of Hove, from period conversions in Brunswick to purpose-built blocks near Hove Station. Leasehold is normal, but a few details can make or break a mortgage offer. Lease length – the big one Ground rent and service charges Works and reserve funds Valuation and conveyancing tips Local angle

Coastal stays remain in demand across Hove, Southwick and Shoreham-by-Sea. If you plan to operate short-term lets, you will usually need a holiday let mortgage, not a standard buy-to-let. How holiday let mortgages differ What lenders want to see Local notes on yields and seasonality If you would like a side-by-side comparison of buy-to-let versus…

With Hove and nearby areas like Aldrington and Portslade remaining popular, many first-time buyers lean on a gifted deposit from parents or relatives. Lenders are comfortable with family help, but the paperwork must be spot on. What counts as a gifted deposit Documents lenders usually ask for Timing and best practice Local tips Ready to…

Brighton remains one of the most sought-after places to live in the UK, but with rising property prices, securing a mortgage here requires careful planning. Mortgage Challenges for Brighton Buyers 🔸 Higher Property Prices – The average house price in Brighton is above the UK average, meaning buyers need larger deposits.🔸 High Demand – Competition…

Every search starts with the same question: how much can I borrow? While each lender has its own calculator, most will land somewhere around 4 to 4.5× gross income for straightforward cases (sometimes higher in specific circumstances). Here’s how that looks against typical Hove-area prices. Important: These are illustrative, not offers. Real outcomes vary with…

Your employment status plays a crucial role in whether a lender approves your mortgage. Here’s what you need to know in 2025. Full-Time Employment (Permanent Contract) ✅ Best for mortgage approval – lenders prefer stability.✅ Need 3-6 months’ worth of payslips. Self-Employed & Freelancers 🔸 Challenges: Lenders require at least 2 years of accounts.🔸 How…

Hove is a hub for creativity, with a thriving art scene that showcases both local and international artists. From contemporary galleries to independent exhibitions, here’s where to experience Hove’s artistic side. 🎨 Best Art Galleries in Hove 1. Cameron Contemporary Art 📍 Location: Third Avenue, Hove✔ Features modern British painting, sculpture, and printmaking.✔ Regular exhibitions…

If you’re a council tenant in Brighton & Hove, Right to Buy (RTB) could let you purchase your home at a discount. Here’s how it works right now — and what changed. The big update on discounts Government changes following Autumn Budget 2024 reduced the maximum cash discounts from 21 November 2024 back towards pre-2012…

If you have bad credit, you might assume a mortgage is out of reach – but that’s not always the case. While it may be harder, there are options available in 2025. What Is Considered Bad Credit for a Mortgage? A credit score below 600 is generally seen as bad credit by lenders. Issues that…