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Should I remortgage with the same lender or switch?
Once your lender’s initial fixed-term special discounted rate has expired and you have been moved on to their standard variable rate, remortgaging can make a lot of financial sense. This is because if you switch mortgage provider you may be able to take advantage of a more competitive interest rate that could save you a... 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
Schemes for first-time homebuyers and existing homeowners
If you are finding it a bit of a struggle to get onto or move up the property ladder, do not give up on your plans just yet. There may be government homebuyer schemes that could help you: Help to Buy: Equity loan scheme (England version, due to end March 2021) This homebuyer scheme is... 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
What is an offset mortgage and is it for me?
An offset mortgage can help you to save money on your mortgage by enabling you to either shorten the term so that you become mortgage-free sooner than you would normally be, or by reducing the amount needed for your monthly repayments. We take a look at how they could save you thousands of pounds. How... Read more
Gifted deposits: What are they and what do I need to know?
A gifted deposit is an amount of money that is typically given by one member of family to another (but can be from anyone from a friend to an employer) with the aim of forming all or at least part of the money needed for a deposit on a home. This sounds like a straightforward... Read more
Beat the scammers and stay secure online
Online shopping has transformed the way we live, making it incredibly easy to do everything from finding a great deal on a loan to saving money on the latest technology. Yet, sadly, there are people out there who are constantly trying to ‘scam’ you out of your money and steal your credit or debit card... Read more
Is a personal loan better than using a credit card?
Credit cards and how they work A credit card looks very similar to a debit card and is issued by a bank/building society or a credit card company. They enable the cardholder to purchase items or to pay for services on credit. When you apply for a credit card the provider will review your application... Read more
How to turn a mountain of debts into one smaller monthly repayment
If you are struggling to repay many different debts and own your own home, you could qualify for a type of loan to transform things. It’s called a consolidation loan and it may quickly: Reduce the amount going out from your account each month Leave you with just one monthly repayment to manage Reduce the... Read more