There are lots of reasons why you might find a second mortgage an excellent option 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…
Plymouth’s historic Drake’s Island fortress on sale for £6m 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….
A mortgage broker such as Loan.co.uk can help you through the options 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,…
The Competition and Markets Authority (CMA) has taken a close look at how companies are penalising customers for sticking with companies rather than moving to better deals You would probably assume that most businesses would reward their most loyal customers by giving…
Contents What are my options for funding home improvements? Remortgaging for home improvements When is it a good option to remortgage? When is it a bad idea to remortgage? Homeowner loans for home improvements When might a homeowner loan be a better option than…
Self Employed? You will need your SA302 to buy a home 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…
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…
Funding an extension to your home If you’ve run out of space in your property but don’t want to move to a new one, a home extension can be a great way of adding the extra room you need. Moving somewhere bigger isn’t always affordable, especially once you add on…
How can a change in your financial circumstances affect your ability to make repayments on your mortgage 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…
How the government is trying to help you to buy your first or next home 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…
What are the benefits of an offset mortgage? 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…
Gifted deposits: what you 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…
Should you get a long or short term mortgage? A ‘term’ means the length of time you spread your loan repayments over. When people are looking for a mortgage, many don’t realise there are other options than the ‘standard’ 25 year term. In fact, very often this is the…