In the run-up to the financial crisis in 2008, millions of borrowers took out interest-only mortgages. Under this arrangement, borrowers paid an interest payment to their lender, but the balance of the mortgage never reduced. Instead, the mortgage was arranged … Read the rest
It would be fair to say that last month’s General Election result came as a surprise to many, with Boris Johnson’s Conservative party winning a landslide majority of 80 seats. It’s the largest Conservative majority since 1987 with the party … Read the rest
In recent years, there has been a huge surge in demand for ethical investments. Recent data from Morningstar revealed that £124m a week has been invested into UK funds this year as the popularity of sustainable and ethical investing continues … Read the rest
Over the last few years, landlords have been hit with a series of tax and regulatory changes. An additional 3% Stamp Duty surcharge and the abolition of mortgage tax relief have made Buy to Let more expensive, while more stringent … Read the rest
In recent years, changes to the way that mortgages are underwritten has left thousands of borrowers trapped on a lender’s Standard Variable Rate (SVR) or other uncompetitive products.
These ‘mortgage prisoners’ have been forced to pay higher interest rates on … Read the rest
Are the days of the standard 25-year mortgage term behind us? For decades, 25 years was the go-to length when arranging a new mortgage, but now increasing numbers of borrowers are taking their home loans over 35 or even 40 … Read the rest
Why use a mortgage broker? Considering that you can simply head to your local bank or building society when you’re looking for a new mortgage, is there any reason to use an intermediary?
Mortgage brokers can take the stress out … Read the rest
Would you rather win a multimillion-pound lump sum or a substantial regular monthly income for the next 30 years?
With the National Lottery recently introducing its ‘Set for Life’ game, players can now win £10,000 every month for 30 years, … Read the rest
Over the last decade, Airbnb has grown to become one of the most popular travel websites in the world. Recent statistics revealed that Airbnb has approximately 150 million users covering more than 65,000 cities, and guests can book 1.9 million … Read the rest
If you plan to buy a new home, and you are already benefiting from a low-cost fixed, tracker or variable rate mortgage, then you might want to keep your deal when you move.
Transferring your mortgage deal from one property … Read the rest