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Ultimate guide to home improvement loans
Making home improvements can provide you with a win-win situation. Firstly, by improving your home you’ll make it a nicer place to live. Secondly, depending on the home improvements you make, you could increase the value of your home. So, if you ever decide to move, you could re-coup the amount you spent and more... Read more
You have £50,000. Now what?
Loan.co.uk recently asked 2,000 British men and women what they would do with £50,000 to spend? The question comes just a month after Patrick and Frances Connolly from Northern Ireland were revealed as the winners of the £115 million New Year’s Day Euro Millions jackpot. When asked what he would do with his money, Mr... Read more
Financing home improvements: homeowner loan or remortgage?
As well as making your home a nicer place to live, fitting a new kitchen, building an extension or adding a bedroom may all increase the value of the property. A remortgage or a homeowner loan are highly popular ways to finance home improvements. Which is best for making your plans come to life? Both are types of secured... Read more
Can filling out a tax return late affect my mortgage application?
Over 5.5 million UK taxpayers have less than a month to submit their Self-Assessment tax return. The deadline is 31 January and HMRC has warned that a penalty will apply for those who do not meet the deadline. The tax authority has said that millions of taxpayers are at risk of an immediate £100 fine... Read more
Is this the beginning of the end for so-called ‘loyalty penalty’ charges?
You would probably assume that most businesses would reward their most loyal customers by giving them the best deals. Yet the opposite is often true, with many reserving their most attractive offers for new customers whilst leaving the existing ones with uncompetitive rates. This has become such a common practise that it has prompted Citizens... Read more
Island For Sale, Offers Around £6 Million
The entire island is one massive development opportunity and comes complete with a disused 6th Century barracks, a pier, a network of underground tunnels and planning permission for a luxury hotel and spa. Taking Drake’s Island as an example, we take a look at how a developer with vision could purchase the island for sae... Read more
Will Brexit affect your mortgage?
How might leaving the EU affect your mortgage and what you can do in the meantime? On 29 March, 2019 the UK is due to leave the European Union. We take a look at how Brexit could affect mortgages, most people’s biggest out-going. But, with Brexit negotiations stalling, the date we’re due to leave is the only... Read more
How can I qualify for a second mortgage?
A second mortgage, often known as a homeowner mortgage or loan, is a loan that’s secured on your home. It can help you get access to a large amount of money without remortgaging. You don’t have to get your second mortgage from the same lender as your current mortgage provider, in fact a broker such... Read more
What is a credit score?
A credit score is a figure a lender calculates when deciding whether to make a loan to a potential borrower. Think of it as a cross between a grade for how you’ve been handling borrowing and a prediction for how well you’ll manage a loan in the future. Not all lenders will use a credit... Read more
What should I do to manage my money better?
First, take a deep breath. The first thing you need to do when you want to manage money better is to actually look at your finances. If you don’t balance your outgoing spend with your income, you will begin to struggle to make ends meet, and if you turn to short term fixes such as... Read more
Which credit option is best for you?
There are many different credit options out there: from credit cards and payday loans to second mortgages and remortgaging. With so many choices, how are you supposed to know which is the best credit option for you? In order to help you make the decision that’s right for you, we take a jargon-free look at... Read more
What’s the difference between a credit score and a credit report?
They both show how you handle credit, but one’s a grade that’s shown as a numerical figure and the credit report is a summary of how you’ve been handling credit. Let’s take a look at credit scores and credit reports in a bit more detail. Credit score A credit score is a number calculated by... Read more
What’s a guarantor loan and why should I be interested?
If you’ve been turned down by lenders for a personal loan or consolidation loan and have ‘bad credit’, a guarantor loan may well be an option worth considering. So, what exactly is a guarantor loan? A guarantor loan is a loan that someone else (such as a member of your family or a friend) agrees to repay... Read more
7 home improvements that could add value to your home
With house prices high but with so few homes on the market, many people are staying put in their current home and choosing to carry out renovations, rather than moving to a new house. We take a look at some of the home improvements that could be looked upon as an investment and how you... Read more
Why should I and shouldn’t I remortgage?
Why should I and shouldn’t I remortgage? Remortgaging is the process of switching your current mortgage to a new deal. You can choose to stay with your current mortgage lender, or you may want to move to a different provider. The idea is to ‘shop around’ for the best deal you can get on your... Read more
What are my mortgage options if my circumstances change?
No-one can foresee what will happen in the future, but you do not need a crystal ball to see that a change in your financial circumstances may affect your ability to make repayments on your mortgage. Firstly, let’s take a look at what you may be able to do if things have changed for the... Read more