Reasons to Remortgage

9 Great Reasons to Remortgage

A mortgage is arguably your biggest financial commitment and streamlining the rate that you are on, has the potential to save you a lot of money. Here are our top reasons to remortgage. Why might I want to re-mortgage? My fixed rate is coming to an end and my payments are set to rise when I switch to the lender’s …

Interest Only Mortgages

Interest Only Mortgages: Is More Choice Available Now?

The interest-only mortgage option was seen as a credible path for many prospective home-owners to get on the housing ladder, but still keep their repayments at an acceptable level. There are two ways to repay a mortgage: capital repayment and interest-only repayments. With an interest-only mortgage, the monthly payment goes towards only the interest charges on the loan and does …

Interest Rates - What's Happening?

Interest Rates: What’s Happening?

While it is often joked that property is a national obsession in the UK, we are actually a long way down the list in terms of home ownership in Europe and much of the rest of the world.  Only the Germanic countries of Germany, Austria and Switzerland have lower home ownership rates in Europe, and renting is a more usual …

How to reduce your monthly mortgage payments

How to Reduce Your Monthly Mortgage Repayments.

With an ever-increasing squeeze on household budgets taking hold and the prospect of an interest rate rise looming, taking care of the essential bills becomes ever more important.  Probably the most important of these is your mortgage, the bill that keeps a roof over your head. Making sure that this is paid on time is imperative.  With the mortgage generally …

Secure today’s mortgage rate for the next 6 months

The Bank of England raised interest rates in late 2017 and the indication is that we can expect more rate rises in 2018, albeit at a relatively slow and steady pace. What some homeowners with mortgages may not be aware of, is that many mortgage lenders are offering deals which help to lock in interest rates for up to 6 …

How does a mortgage work exactly?

Unless you are fortunate enough to have the cash in the bank, a mortgage will be a necessary requirement in order to buy your own a house, and getting the right mortgage in place will be the first crucial step to that dream of home ownership. Put simply when you buy a home using a mortgage you agree to pay …

Is now the right time to switch from your standard variable rate mortgage?

With Article 50 triggered, two years of negotiations to wade through and now a General Election on the horizon, there is a big question mark over the future of Britain’s economy. Markets react well to stability and have a direct knock-on effect on our housing prices and interest rates. With this in mind, is now the time to change your …

Interest rate cut: Could you be getting a better deal?

The speculation about interest rate cuts came to fruition as The Bank of England reduced the base rate from 0.5% to 0.25% – the lowest rate since 2009, as a stimulus for the economy. The Bank of England also announced a £100bn scheme to ensure than banks pass on the savings of low-interest rates to households and businesses. We explore …