There Are Several Things To Bear In Mind Here at , we are sometimes approached by homeowners who are keen to purchase another property in and rent out their existing home. There are several things to bear in mind in such cases, so here, we take a closer look at the facts. Consent To Let …
Your Guarantor Must Be Prepared To Take Responsibility For Paying Your Mortgage If You Cannot Prospective home buyers in who are keen to get a mortgage often wonder whether there is any way to increase how much they can borrow. Here at , we’re often asked whether having a guarantor will help with …
As The Cost Of Living Rises, Mortgage Payments Are Going Up Many prospective homeowners in worry about being able to get a mortgage that will allow them to get their foot on the property ladder. As the cost of living rises, mortgage payments are going up and a standard term mortgage may seem unaffordable. However, …
There Are Certain Benefits That Come With Paying Your Mortgage Off Early! Here at , we’re often asked whether it’s worth paying off a mortgage early, and it’s a question that has no single answer. Here, we’ve brought together the advantages and disadvantages of repaying your entire mortgage debt early so that homeowners in can …
August 2022 Has Seen The Biggest Single Base Rate Increase In Almost Three Decades Over the past few months, there has been a steady increase in interest rates in an attempt to control inflation. However, August 2022 has seen the biggest single base rate increase in almost three decades – a leap to 1.75%. It’s …
Exit Fees Could Impact On The Cost Of Your New Mortgage If you have a mortgage on a property in and are considering remortgaging with another lender or repaying your loan early, you’ll need to know about mortgage exit fees as they could have an impact on you and your finances. Depending on your lender, …
What Is Equity Release? If you’re a homeowner who has equity release but want to sell your property in , you may be wondering if it’s possible to go through with a sale. The expert team here at have some solutions that may help, so read on to learn more. An Overview Of Equity Release …
What Happens If You Want To Pay Off Somebody Else’s Mortgage? Here at , we’ve advised several parents in who are interested in paying off their adult child’s mortgage for them, and while, from the perspective of the lender, there’s no reason why they’d be prevented from doing so, it’s important to recognise that some …
As Of August 2022, The Mortgage Market Stress Test Or Affordability Test Was Removed. The FPC (Financial Policy Committee) of the Bank of England made a decision back in June 2022 to get rid of the lenders’ requirement to perform affordability tests on those applying for mortgages, with the decision coming into effect on 1st …
Will Switching Jobs Affect Your Mortgage Application? Your job is a core component of your mortgage application. After all, your prospective lender needs to be certain you’ll be able to repay the money that they lend. However, these days many people in change jobs regularly. But, whether you want a better work/life balance, a higher …