Catch-up with what’s been going on in the news on everything from interest rates and mortgages to updates on the housing market and the latest from the Bank of England.
Types of building surveys and choosing the right one for you
A property survey is vital because once you’ve exchanged contracts it will be down to you and at your cost to put any defects right. And that could prove very expensive, as you won’t be entitled to any compensation from the seller. When you’re looking for a place to call home there’s a lot to... Read more
The pros and cons of a 95% mortgage
With a 95% mortgage you only need to get together a deposit of 5% of the home’s purchase price. So, the fact that you only need a (relatively) small deposit to secure that home you’ve set your heart on, is the main advantage of a 95% mortgage. This type of mortgage is particularly popular when... Read more
Advantages of a getting a Second Mortgage
A second mortgage (also known as a second charge, 2nd mortgage or secured loan) enables you to use the equity (the amount you own) in your home as security to use against another loan. Do I qualify for a second mortgage? You need to be a homeowner, but you don’t need to actually live in... Read more
Early Repayment Charges – what are they and should I worry?
When you’re searching for loans, you need to look out for an early repayment penalty (ERC) as well as the APR. Many people just focus on comparing Annual Percentage Rates (APRs), but just because a loan may have the smallest APR, it doesn’t always mean it’s the most competitive deal. Especially when it comes to... Read more
What options should I consider if I want to raise £20,000?
If you need to raise money (we took £20,000 as an example) for projects such as a home improvement, or to purchase a car, for debt consolidation, a wedding or the holiday of a lifetime, there are main ways you can go about it. Depending on your personal circumstances, different options will be more appropriate... Read more