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 🔗 Connect with Dan: https://www.instagram.com/dandoesmortgages_ https://www.linkedin.com/in/dan-knott-1740b31b0 📩 Sign up to my mailing list to be the first to know about upcoming events: http://eepurl.com/hJEcLL 🤝Sponsor Tide - Earn 3.81% AER Variable on your business savings here: https://glnk.io/91954/ato8fr You'll get a free £100 when you use the code ‘SAVVYWALLET’ and fund the Instant Savings Account with £5,000 within the first 30 days. Ts&C's apply. New Tide members receive a 0.77% AER boost on the standard 3.04% AER on unlimited balances until 01/06/25, after that the standard rate applies with no interest earned on balances over £75,000. Rates correct as of 06/02/2025. Terms and conditions apply. Visit tide.co/savings for up to date rates. ➡️ Follow Savvy Wallet on: Instagram: https://www.instagram.com/savvywallet TikTok: https://www.tiktok.com/@savvywallet 🤝Partners Yesim - Get €5 off any plan with my code "savvy5" https://bit.ly/41OAO6i Check out our partners who offer Stocks and Shares ISA and more: ⚡️Hargreaves Lansdown ⚡️ http://hl.7eer.net/B0mz50 Capital at risk ⚡️Interactive Investor ⚡️ https://prf.hn/click/camref:1101l3RTLM/ar:SW Capital at risk Some of the links are affiliate links which means that we will receive a small commission if you make a purchase, however there will be no additional charge to you. 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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