Search Results for: first time buyer mortgages

Fixed Rate vs Tracker & Variable Mortgages: Which Is Best For You?

In times of economic uncertainty, which kind of mortgage should you entrust your home and family’s future to? We take a look at the prospects. Generally the old adage ‘safe as houses’ still holds. Houses and the land they stand on are material assets – even if their nominal market value declines the value of...

Could Home Equity Release (Lifetime Mortgage) Be The Best Way To Fund Your Retirement?

  With delayed retirement, uncertain economic stability and growing inflation, could Home Equity Release provide the financial benefits retirees are seeking? Over the past decade, our idea of what constitutes retirement has altered dramatically. Far from the traditional view of retirees content to while away their twilight years with few interests beyond gardening, the generation...

A Quick Guide To Mortgages In The UK

  Mortgages are a type of loan provided by a Bank or Building Society which is used to purchase a home or a piece of land. Mortgages can in theory be for any period of time but the most common type lasts 25 years. Mortgages are secured loans meaning the property/land is used as collateral until...

Stuck On An Interest Only Mortgage?

  If you’ve found yourself trapped on an interest-only mortgage, don’t despair – here’s one possible solution for you. Across the United Kingdom, thousands of people have found themselves stuck with an interest-only mortgage, which they probably took out sometime during the 1990s or early 2000s. This year, the Financial Conduct Authority (FCA) is expecting...

Interest-Only Mortgage Guide – Pro’s, Con’s & Where To Find One

If you’re thinking of taking out an interest-only mortgage, read on to find out the pros and cons of this type of mortgage, and where to find one. During their heyday in the 80s and 90s, interest-only mortgages were said to account for eight out of every ten new mortgages. Having fallen out of favour...

Fixed Rate Mortgage Offers This Month

Will mortgage costs start to rise in 2017? It certainly looks that way with competition between lenders getting more intense and borrowers benefiting from the fierce competition. All the messages coming from The Bank of England suggest mortgage rates will start to increase sooner rather than later. Should you sign up to a fixed rate...

The Benefits Of Professional Mortgage Advice

Buying a house is probably the single biggest purchase you will ever make so it’s common sense to get professional advice to help you choose the right mortgage product for you. A mortgage is, simply, a loan to enable you to buy land or property. The loan is secured against your property which can be repossessed if you...

The Benefits Of An OffSet Mortgage – Are You Missing Out?

The Offset Mortgage is growing in popularity as savers continue to struggle to earn a good interest rate on their savings. Interest rates on savings remain at around 1% which means homeowners could benefit by combining their savings and mortgage balances. Offset Mortgages currently only account for 10% of the UK mortgage market. Are borrowers missing out? Offset...

A Guide To Over 50 Life Insurance

  Like many financial products, buying over 50 life insurance is one of those purchases that should be simple, yet somehow it can seem off-puttingly complicated. There’s no way around it, the buyer has to do due diligence, which means reading the fine print to avoid falling foul of conditions and exclusions. But if you’re...

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