Interest payments on the help to buy Government loan begin in year six at a rate of 1.75% and will increase annually.
It is likely that when you took out the mortgage for your home you selected a 5 year fixed rate product. At the end of the 5 year period that mortgage product is due for renewal you will need to re-mortgage. This means switching to a new fixed rate mortgage product either with... Read more
With so many
home-hunters looking to move right now, property viewings are competitive. Many
estate agents are now prioritising physical viewings for buyers who are ready
to move forward with a purchase straight away.
We have found that some estate agents are asking that a buyer has already had an offer accepted on their home if they want to physically view a property that is on the market... Read more
7 in 10 homeowners do not know the true value of their home
Our home is often our greatest asset,
and for many of us it makes sense to capitalise on that investment. But a
significant number of homeowners in the UK are wealthier than they realise
because they are underestimating the value of their property, a new survey has
The survey asked 2,000 UK homeowners
about their e... Read more
If you are retired and have, or will have an amount left to pay on your mortgage when your product comes to an end, you may be concerned about what to do next.
Whilst we are not advocates of Equity Release (where interest is compound) another option is a 'retirement interest-only mortgage', this product allows people to borrow money against their property and repay only the interest due o... Read more
Time to switch your mortgage?
Your mortgage is likely to be one of your biggest monthly costs and making sure you’re on the most suitable product can make a huge difference to your overall finances. Remortgaging could save you thousands of pounds, without making any lifestyle sacrifices.
Essentially, it’s nothing more
complicated than switching to a different mortgage deal. Just as... Read more