FAQ's - IFO Selby

Frequently Asked Questions

Can I have a mortgage?

Can I increase my mortgage for home improvements etc?

What is the house buying process?

Am I too old to get a mortgage?

What is a survey?

I have bad credit; can I get a mortgage?

Do I need a Decision in Principle before I start looking at houses?

Can I get an interest only mortgage?

I've been very poorly in the past; can I get a mortgage?

What is an offset mortgage?

What happens with my payment when I remortgage?

Guarantor Mortgages

How much is it going to cost?

Why is my first mortgage payment higher?

Adding/removing a partner from a mortgage

Buy to let / let to buy

What is a DIP/AIP/MIP?

How long will it take?

Do I need a solicitor to buy a house?

Can I buy a second house?

What is Help To Buy?

How does it work?

How do I build my credit score?

What is right to buy/right to acquire?

Debt consolidation

Do you charge? How do you get paid?

Should I use a broker or go to my bank?

Self-employed, contractor, cis, ltd company, salary and dividends, retained profit

Time in the country

Foreign nationals / Non-UK nationals

Foreign currency

Decreasing insurance vs level term assurance

Mortgage Illustration (KFI/ESIS), Decision in Principle (DIP, MIP, AIP), Mortgage Offer

Terminal illness vs critical illness


Shared Ownership

Stamp Duty

Solar Panels


Builder Warranty

APRC (Annual Percentage Rate Charge)

Total amount payable

ERC (Early Repayment Charge)

LTV (Loan to Value)


Contact Financial Options Selby


Financial Options (Selby) Ltd
24, Finkle Street, Selby, North Yorkshire, YO8 4DS


Call: 01757 709888