Navigating Mortgage Repayment Challenges: A Four-Step Guide

The current financial landscape, with the Bank of England (BoE) raising its base interest rate to 5.25% as of September 2023 – a peak not seen in 15 years – has left numerous homeowners grappling with their mortgage repayments. If you’re nearing the end of a fixed-rate deal, you might be transitioning from a comfortable […]

Mortgage next steps

As you approach the conclusion of your fixed-rate mortgage term, it’s natural to ponder the next steps, especially in a climate where interest rates have surged following a period of historic lows. The current economic landscape, marked by a cost-of-living crisis and the highest inflation rates in nearly four decades, adds layers of complexity to […]

Understanding Product Transfers vs. Remortgaging: A Comprehensive Guide

Navigating the mortgage landscape can often seem like a daunting task. However, when your current mortgage deal approaches its conclusion, two primary avenues emerge: a product transfer or a remortgage. Each option comes with its unique set of advantages and considerations. Let’s delve into the differences and the implications of each. What Exactly is Remortgaging? […]

Decoding the Stress Behind Mortgage Applications

Acquiring a home is a monumental life milestone, and for most, it necessitates navigating the labyrinth of mortgage applications. However, what should ideally be an exciting journey into homeownership often becomes a source of stress and anxiety. In a revealing statistic, two-thirds of mortgage applicants find themselves grappling with stress during the application process. Let’s […]

The Bank of Family And Its Impact On The UK Housing Market

The bank of mum and dad has expanded to become the bank of family. Its expansion has enabled it to underwrite an even bigger percentage of the UK’s mortgages. This means it has developed even more influence on the UK’s property market. This influence is, however, somewhat controversial given that not everyone has access to […]

Mortgages could cause household woes

As homeowners, it’s crucial to be prepared for the possibility of an increase in mortgage interest rates. Such increases can impact monthly repayments and overall financial stability. This article will explore five effective strategies to help homeowners navigate potential rate hikes and hence ensure they are equipped to handle higher mortgage costs. Reviewing current mortgage […]

New Mortgage Charter

New Mortgage Charter encourages lenders to provide you with more support Banks and Building Societies have been encouraged by Chancellor Jeremy Hunt to offer more flexibility if you are finding it difficult to make mortgage payments. Mortgage lenders, the FCA, the Government as well as organisations such as UK Finance and the Building Societies Association […]

100% Mortgage Fears

The resurgence of 100% mortgages has raised concerns in the housing market. While they offer an opportunity for buyers with limited savings to enter the market, the return of these high loan-to-value mortgages has sparked worries about potential risks and their impact on housing market stability. The risks of high loan-to-value mortgages High loan-to-value mortgages, […]

Can your energy efficient home help save money on your mortgage?

Have you ever heard of a green mortgage? They’re steadily becoming a popular option for property owners, as many lenders are adding them to their portfolios. If you’re due to remortgage soon and you have an energy efficient home, it’s well worth considering them as a remortgage option. We explore what they are and how […]