Mortgage news

Written by the mortgage advisers at Yomo Finance, whole-of-market brokers based in Rochester, helping first-time buyers across Medway and Kent. TL;DR: What help is available for first-time buyers in Kent in 2026? You can buy your first home in Kent with as little as a 5 percent deposit, and several schemes exist to close the gap between saving and buying. The four main routes in 2026 are the Mortgage Guarantee Scheme (which supports 95 percent mortgages on homes up to 600,000

TL;DR: Can you remortgage an HMO? Yes, you can remortgage an HMO. When your current deal ends or your fixed rate expires, you can switch to a new HMO mortgage with your existing lender (a product transfer) or move to a different lender to release equity, cut your rate, or fund another purchase. HMO remortgages are assessed differently from standard buy-to-let. Lenders look at the property's rental income against an interest coverage ratio (ICR), your HMO licence status, the n

TL;DR: Yes, you can get a mortgage when you are self-employed in Kent. Most lenders want two to three years of accounts, assessed through your SA302 tax calculations, and will typically lend around 4 to 4.5 times your income. A handful of specialist lenders accept one year of trading if your income is strong and your deposit is larger. How each lender counts your income varies enormously, which is why self-employed applicants in Medway, Rochester and across Kent usually get a