A debt consolidation mortgage is something that may be beneficial to your financial situation if you are encumbered by debt. But it is important to understand how debt consolidation mortgages work in order to assess whether it would be more cost-effective for you than paying your debts back another way. In this article, we tell …
There are various reasons you may want to remortgage an inherited property. You may wish to raise capital on a property that is no longer mortgaged. Inheriting property can leave you feeling confused and overwhelmed as to what you should do, particularly if you are grieving for a lost loved one, so this article is …
Sometimes we need to finance something new, like some home improvements or a new car. If you haven’t saved enough money to finance something you want to do, one option may be to borrow more on your mortgage. In this article, we will look at how people go about borrowing more on their mortgage to …
Let to buy mortgages can help you to purchase your next home when you don’t currently have a buyer for your existing one. The world of property can be complicated so in this article, we will look at what a let to buy mortgage is and whether it is a good fit for your needs. …
A ‘part and part’ mortgage is an arrangement where you pay off some of your mortgage capital as you go, but not the entirety of it. Your monthly payments will cover a portion of the loan plus the interest, and when the mortgage comes to an end there will still be money left to pay …
An interest only mortgage is a financial product whereby the borrower’s monthly payments over the mortgage term cover only the interest. This arrangement will run for a set amount of time, at the end of which the borrower must repay the lender the full amount of the original capital. There are advantages and disadvantages to …
For self employed people, it can be a little more challenging to get a mortgage. You will need to demonstrate that you have a reliable income, and this is far from impossible. There are lots of things you can do to show a mortgage lender that your income is reliable, but you will usually need …
Once your initial mortgage deal comes to an end, homeowners commonly look to remortgage. The benefit of this is that you can save a substantial amount of money and lock in favourable rates for a set period. When you remortgage, you have a choice between looking to the mortgage market or staying with your current …
If you plan to move home and your mortgage is not yet paid off, you must consider whether to take your current mortgage with you or switch to a new deal. This choice may not always be in your hands, however, as some mortgages do not allow you to take them with you. A mortgage …
Whether you’re ready to apply for your first mortgage, whether you’re seeking to remortgage an existing property, or whether you’re upgrading to a larger home and need an increased home loan, getting help from an independent mortgage advisor is the best course of action. Independent mortgage advisors provide impartial advice about the different mortgage options …