I think we can all agree that the government made some interesting decisions this year, but one of the better ones are the new 5% deposit mortgages that have been rolled out to potentially help millions of Brits get onto the property ladder. But what exactly are these schemes? How do they work and who […]
Read MoreThe word ‘residential’ may well have given it away a bit here but, basically, a Residential Mortgage is a loan secured on a property you live in (your residence), and a Commercial Mortgage, sometimes known as a business mortgage, isn’t. So what are the differences between residential and commercial mortgages? If you are interested in […]
Read More‘Help To Buy’ (HTB) is a government-backed scheme that was created to give first-time buyers a more affordable way to get onto the property ladder. It allows you to put down a 5% deposit, with an additional 20% loan provided by the government. This means that you’ll only need a mortgage for 75% of the […]
Read MoreIn the UK everyone has heard the phrase stamp duty holiday, but really what is it and how will the stamp duty holiday 2020 affect me? Let’s start from the beginning “What is Stamp Duty?”. Stamp duty is a ‘tax‘ you pay when you buy a residential property or piece of land that costs more […]
Read MoreWhatever the reason may be that you need finance, if you have a mortgage particularly one that is low rate, it seems like a no-brainer to simply add on the debt of that new car or kitchen…but should moving debts to your mortgage really be your first port of call? Of course, saving and budgeting […]
Read MoreIf you want to move house, what happens to your existing mortgage, can you just move mortgage? Can you use it to buy your new home, or do you need to get a new mortgage? In this article I’m going to be looking at whether or not the decision you make will increase your debt. […]
Read MoreGetting a mortgage is generally the biggest financial commitment you will ever make, but with thousands of mortgage products available, “How Do I Find The Right Mortgage Deal?” Allow me to explain. Mortgages can be a tricky field to navigate, and with the recent news about the Bank Of England base rate being cut, finding […]
Read MoreCoronavirus And Your Mortgage Over the last couple of months life as we know it has been completely turned upside down. Besides the health concerns for ourselves and loved ones, the question of financial stability concerns a lot of people. Particularly those with mortgages to pay, so you are probably asking yourself “What does Coronavirus […]
Read MoreIn this article, I’m going to be asking Do Existing Mortgage Lenders Offer Preferential Rates? What you can do about it if they don’t… The answer is no, not always. It would be a pretty short article if they did, wouldn’t it? Better mortgage deals come on the market all the time, so it could […]
Read MoreIn this article I’m going to be looking at whether being an existing customer of a bank means that you’ll get a better mortgage rate than going with a mortgage Broker. We ask will my bank give me the best mortgage? Are there any advantages to going straight to your bank, or not? I mean, […]
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