Mortgage rates are at historic lows, and for homebuyers it looks like the perfect opportunity. But in your eagerness to secure your dream home, you should be wary of ‘mortgage shock’ – the danger of over-stretching yourself in the longer term. The solution? A borrowing buffer zone.
The government has pledged to tackle the issue of ‘mortgage prisoners’ – people who are trapped in an expensive mortgage because of regulations that stop them getting a cheaper one. If you’re in this ridiculous position, help may be on the way.
The age limit for paying off some mortgages has risen to 85 – three years beyond current UK life expectancy. It’s good news for older people who may have feared lenders wouldn’t touch them, but what are the implications of your mortgage outliving not just your job, but you too? Owning your own home
Is your income as unpredictable as the British weather? Savings interest rates getting you down? Are you wary of locking up your liquid assets in your home? Then you may be interested in a flexible way to borrow and save at the same time. Is it a bird? Is it a savings account? Is it a
When it comes to one of life’s biggest challenges – buying a home – your credit file can be your best friend, or your worst enemy. But maintaining a good credit history can be a tricky balancing act, and you may not realise how easy it is to make yours wobble by accident. There are many advantages to having
Being your own boss has many perks, but a smooth mortgage process isn’t usually one of them. So we’ve thrown down a few tips here to ensure that your application doesn’t have feet of clay. Back in the bad old days, the self-cert mortgage seemed like a magic wand for all who wanted to own
Some mortgages seem to give with one hand, while taking away with the other. Here’s how to get past all the sleight-of-hand and find out which is really the best mortgage deal for you. Mortgages are confusing. Some are very confusing. Some are so confusing that it seems as if they’ve gone to a special
Holiday homes are exempt from the new buy-to-let tax treatment, so if you have a cottage going spare then there could be sunny days ahead.
You may be more-or-less familiar with the home-buying process, and you might be confident of getting a mortgage. But this uber-stressful experience can still trip you up many times before you get those keys (and afterwards, too). Be ready for anything with these lateral-thinking tips. Article by Nick Green.
Apparently, a lot of young people are brimming with confidence about climbing on the property ladder. Really? A recent survey suggests they may not be ready for the harsh reality. Are you an optimistic millennial? Or are you just in denial? (If you don’t know what a millennial is, then they might be your kids
We’re well into ‘mortgage season’ – the peak time of year for buying a property. House prices are rising and competition is fierce. Whether you’re racing to secure your dream home, or simply struggling with a mortgage-related puzzle, it pays to keep these tips in mind. Mortgages are more elusive than they used to be.