GETTING approved for a home loan can be a challenge especially now that mortgage rates are going through the roof.
Anyone on a variable or tracker mortgage, but also first-time buyers, will be paying more on their monthly repayments.
And 1.4million households will face a mortgage shock later this year when their fixed mortgage deal secured in 2021 come up for renewal at a much higher rate.
It comes after the Bank of England hiked interest rates to 5% as inflation remains high.
During this tricky period, we’ve spoken to experts and put together a guide on exactly how to apply for a mortgage.