About T C Hughes

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So far T C Hughes has created 4 blog entries.
20 04, 2020

How to Master your Personal Finances & Budget

By |2020-11-29T14:01:39+00:00April 20th, 2020|Mortgages & Finance Articles|

Mastering your Personal Finances This is a comprehensive guide to mastering you finance through manging your household budget. In this new guide you’ll learn how master you houshold budget Let’s dive right in: The way we encourage our clients to think about their personal finances is to liken it to running a business. All successful businesses manage their budgets carefully, ensuring that income generated always exceeds expenditure. It’s essential to be successful as a business, and its essential to be successful in managing your finances. This can also help prepare for a mortgage, you will have have [...]

20 02, 2020

Part 2: Managing future financial risks

By |2020-11-29T14:06:33+00:00February 20th, 2020|Mortgages & Finance Articles|

Part 2: Managing future financial risks Imagine you have a job and a mortgage, and are living with your partner (who also works) and your children in your beautiful new home. Have you ever wondered what would happen if you couldn’t work, or worse you or your partner sadly passed away? Unless you are very wealthy and have lots of savings, the likelihood is that it would be a struggle. In your absence, it might be impossible for your partner to continue paying the mortgage on their own and they might be forced to sell the family [...]

10 11, 2019

How mortgages for the self employed are assessed by lenders

By |2021-02-10T22:55:43+00:00November 10th, 2019|Mortgages & Finance Articles|

How Mortgage Lenders Assess Self-Employed Income One of the most common questions we get asked is – if I’m self-employed, how will lenders assess my income and affordability? In this blog, we give an overview of the different ways that lenders assess the income of the self-employed for the purpose of mortgage lending.If you are self-employed than mortgage lenders will assess your income based on their criteria for self-employed applicants. This includes sole traders, contractors, and company directors of a limited company or partnership. A special mention should also go to the Construction Industry Scheme ( CIS ) [...]

10 11, 2019

Mortgage Affordability Calculator

By |2020-11-29T12:28:03+00:00November 10th, 2019|Mortgage Calculators|

Mortgage Affordability Calculator Tips on calculating your gross income. Gross Annual Income can include the following: Salary Commission Bonus Some employment allowances Certain government benefits Child maintenance Self-employed income Salary and Dividends for company Directors. So you take income from the above and add together. If you are a couple then add all elements of both incomes. Commission and Bonus. For commission and bonus, a large majority of mortgage lenders will use the average of the last 3 months. So the calculate add up the total of commission/bonus for the last 3 [...]

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