Everything you need to know about releasing equity from your home
If you have been paying off your mortgage for a number of years, or your house has increased in value, you have most likely built up equity in your property. The equity you have in your property can be described as the difference between what you owe on your mortgage and the overall value of your...Read More
Most effective ways to save during the cost of living crisis
Consumers across the UK are likely to start filling a pinch as their budgets tighten due to the cost of living crisis, as inflation rates increase to over 8%, almost 7 % more than what they were just a year ago. Additionally, cost of utilities such as electricity, gas and oil have seen the biggest...Read More
What do increasing mortgage rates mean to the average house owner?
If you are a homeowner or thinking about getting on the property ladder you’ll have heard about the rapid rise in interest rates which crept up during the pandemic. There is a buzz around the world of mortgages that is only getting louder, as both aspiring house buyers and existing ...Read More
What does the scrapping of the Mortgage Affordability test mean for first-time buyers
As of the 1st of August 2022, Bank of England have announced that they are scrapping the mortgage affordability test, which was designed to test whether house buyers would still be able to afford their property after an increase in interest rates or changed financial circumstances.Read More
Can I remortgage if I'm self-employed?
Remortgaging when you’re self-employed is not hugely different from a regular remortgage process. Most often, those who are self-employed may find both the initial mortgage and remortgage process slightly more time-consuming, as they are likely to be required to provide more documentation regarding...Read More
How does remortgaging work and how can it help you save?
Remortgaging can be simply described as switching your current mortgage deal to a different one. You may choose to do this in order to change the terms of your mortgage based on your personal needs - thing such as the duration of your mortgage, you monthly repayments, and to switch to another fixed...Read More