Top 5 pitfalls to avoid when remortgaging your home Remortgaging your home is more or less the same process as getting the mortgage when you first bought the property; however, it’s important to bear in mind that your circumstances may have changed. For example, you may have moved job – […]
If you’re moving home and have either plenty of equity or savings you can use for a deposit, plus a decent income, it can be straightforward to finance your next purchase via a traditional mortgage. This is how most people ‘consumed’ property in the past, but as lifestyles, earnings, investment […]
A fixed-rate mortgage is where the rate stays the same for the specified deal period. Your payments remain stable for this time; this is reassuring as you shouldn’t face higher costs if interest rates rise. But it also means you don’t benefit from lower payments if rates fall. Your fixed-rate […]
Although it’s rare, there are several reasons a lender can cancel a mortgage – including a time limit on how long an offer is valid. While it’s a position no one wants to find themselves in, the team at Confused.com mortgages have looked at some of the most common reasons a […]
Getting onto the property ladder is tough, most of the time you need a hefty deposit, a steady income and good credit. This is why you might want to consider getting a joint mortgage, grouping together means you’re more likely to afford a bigger property as it’ll increase how much […]
In September 2021, according to Moneyfacts, the average two-year fixed mortgage rate was 2.38%, and the average two-year variable tracker rate was 2.25%. By February 2023, after numerous bank base rate increases since December 2021, taking it from 0.1% to 3.5%, the average two-year fixed rate was 5.58% in January, and the average […]
Market analysis by specialist property lending experts, Octane Capital, reveals that the average homebuyer coming to the end of their mortgage term over the next year is set to see the cost of their monthly repayments climb by over £300 a month, despite having made three years worth of payments. The […]
As interest and mortgage rates rise, mortgage providers are becoming more strict when it comes to who they will and will not lend to. This means that anyone who has adverse credit might find it difficult to get mortgage approval. But new industry insight from Revolution Brokers shows that people with adverse […]
In September this year, there will be a significant change to the rules around how lenders judge whether or not a person can afford a buy-to-let mortgage. Landlords will have to move quickly if they wish to secure new mortgages before these rules take effect. The background Back in April […]
It’s probably fair to say that the mortgage market drives the UK housing market. Of course, there are cash-rich investors, who can buy property without finance, but they are the minority. Generally speaking, therefore, the health of the UK mortgage market is a very good indicator of the health of […]
