Lucy Baldwin

Buying a home is an exciting milestone, but it also comes with new responsibilities and important financial decisions. One of the most common questions we’re asked at Major Financial Services is: Do you need life insurance when getting a mortgage? The short answer is no, life insurance is not a legal requirement for a mortgage in the UK . However, while it isn’t compulsory, it can play a crucial role in protecting your home, your family, and your financial future. In this guide, we explain...

Buying your first home can feel overwhelming, especially when saving for a deposit seems impossible. Many first-time buyers feel trapped, paying rent with nothing to show for it. At Major Financial Services , we’re here to help you understand your options, because there are ways to get onto the property ladder without a substantial deposit. One of these options is a 100% mortgage , which allows you to borrow the full value of a property without putting down any deposit. Let’s explore what...

Can using Buy Now, Pay Later harm your credit score? Discover how your credit history affects mortgage approval, interest rates, and loan amounts, and learn tips to improve your credit before applying. When you apply for a mortgage, lenders don’t just look at your income and deposit; they also review your credit score. Your credit history shows lenders how reliable you are with borrowing, and it can significantly influence whether you’re approved, the interest rate you receive, and the size...