Search Results for: mortgages

A Guide to Buy-to-Let Mortgages & Latest Deals

  Opting for a buy-to-let mortgage is a serious financial commitment, which is why you cannot afford not to read our essential guide. You may be dreaming of having a portfolio of properties and a regular monthly income that will lead you to retirement and beyond. This may be achievable, but if you are going...

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...

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...

When Should You Use an IFA?

Financial planning is a tool that everyone can use to help ensure their family’s financial security in the short and long term. Working with an IFA is recommended. Good financial planning is not solely for the rich, everyone can plan ahead to achieve their life goals now and in the future. Whether you’re planning to...

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...

Top High Interest Savings Accounts

With interest rates at an all time low, savers are finding it difficult to find a savings account which offers them a good return on their money. The market is definitely tough at the moment but so far in 2017 we’ve seen interest rates begin to slowly rise on savings accounts despite the historic low interest rate...

Fixed Rate Mortgage Offers This Month

Will mortgage costs start to rise in 2017? Should you sign up to a fixed rate deal now? This article previously spoke about record low mortgage offers with HSBC offering a record low 0.99% 2 year fixed rate deal. HSBC have now pulled that deal from the market due to rising costs. The worry for...

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...

Your credit rating’s incredibly important. Basically, it determines how likely you are to be given credit when you apply for it – which covers everything from an extension to your overdraft, to applying for a credit card, to getting a mortgage. Your credit rating is supposed to show how risky a prospect you are when it comes to granting you credit. It’s determined by you past history of repaying debts properly on time, whether you have any County Court Judgements against your name and a variety of other things. Improving your credit score is essential for your long term financial stability, which is why we’ve compiled a handy list of tips below to help you do just that. 1. Pay debts on time Any time you miss a payment on a debt you owe, it’s recorded on your credit file and negatively impacts your credit rating. The single best thing you can do to build and maintain a good credit rating is make sure you pay your debts in full and on time. 2. Stop applying for credit Applying for a lot of credit at once makes it look as though you’re desperate for credit, which automatically rings alarm bells for lenders. If you’ve made a string of applications recently, try to give it some time before you make any more, to make sure your credit rating doesn’t suffer. 3. Get on the electoral register If you’re on the electoral register it means that lenders can verify that you live where you say you do, which gives them peace of mind and ultimately improves your credit rating. Getting on the electoral register is incredibly simple and can be done online in a matter of minutes. 4. Cancel unused credit cards When establishing whether you should be given credit, lenders will look at the amount of credit you have available to you and use that in their decision. If you’re not using your credit facilities on a regular basis, they’re less likely to approve your application. Cancel unused credit cards to give your credit rating a boost. 5. Use a prepaid credit card Some prepaid credit cards have a credit builder option. This usually means that the credit company will lend you £60 for you to pay off in twelve monthly instalments of £5 each (excluding fees). If you make all your repayments on time, this will show up on your credit report as twelve successful monthly repayments. This can be a great option if you’ve struggled with a poor credit rating or bad debts before. 6. Time your credit applications How often you apply for credit makes a real difference to your rating. It’s worth planning your applications in advance – so if you know you’re about to apply for a mortgage, do that before you take out a new phone contract. Prioritising is important to keeping your credit rating healthy. 7. Save save save! If some of your savings are able to cover your debts, that helps show lenders that your debt is at a manageable level and that you’re a less risky option when it comes to granting you further credit – the more savings you have the better!

A Guide to Business Current Accounts

A business current account is an essential part of running a business, so it is important to choose an account that is convenient and affordable. This guide to business current accounts will help you to choose an account that is well suited to you and your business.     Why You Need to Choose Carefully...

Top

Pin It on Pinterest