Category: Mortgages

A mortgage is a loan taken out to buy property or land. Most run for 25 years but the term can be shorter or longer.

Best Fixed Mortgage Rates for 2017

Posted by on 01/05/2017 in Mortgages

Buying property is rarely ends with finding the right property in the United Kingdom, many others things need to be taken care of. It is not necessary that you will have the finances every time. When you are short of adequate finances, you may need the mortgages to purchase the house. However, you need to […]

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The growth of the Equity release market

Posted by on 25/04/2017 in Equity Release, Mortgages

Equity release is a scheme in which people over the age of 55 can place their homes on security to effectively take out a loan. The equity release scheme is helpful for individuals who want a lump sum or a regular income for their retirement, but do not have enough in their savings. The scheme […]

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No deposit mortgage

Posted by on 19/04/2017 in Mortgages

Most lenders and banks want a deposit to offer a mortgage to homebuyers. For lenders, this represents that the borrower is sensible enough to save money for repayment of the mortgage. However, there are rare mortgage offers where lenders can provide no deposit mortgage for a buyer. The mortgage, however, may or may not suitable […]

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Important information about the Mortgage deeds

Posted by on 07/04/2017 in Mortgages, Property Investment

Mortgages are loans for buying homes. Like any other loan, a mortgage must be secured against another asset. The asset that is used to secure mortgages can be the property that the mortgage is used to buy. Protection is not arbitrary. There must be documents that show that a mortgage lender and borrower have agreed […]

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Things to consider for first time buyer mortgage

Posted by on 05/04/2017 in First time buyers, Mortgages

The process of buying your first home is an adventure full of excitement and worries. First time buyers are very perplexed when it comes to the financial process since it requires and substantial investment. As a first time buyer, they have less familiarity with the mortgage process, legal obligation and requirements. This can mislead them […]

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Decisive things to consider when buying a house

People consider buying a home as one of the most important investments of their life. Most people will have a very detailed view of their new home. However, buying a house needs substantial investment and detailed analysis of the house and the buying process. An average person does not buy many houses in their lifetime. […]

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Things to consider when buying a house with a friend

Posted by on 03/04/2017 in Mortgages, Shared ownership

House prices are extreme considering an average person’s income in the United Kingdom. Moreover, most people resort to getting a huge mortgage to pay for their new home. Although this the norm, considering a joint investment with a friend to buy a home can be an alternative to being chased by mortgage arrears. Buying a […]

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How porting a mortgage works

Posted by on 15/03/2017 in Mortgages

Porting a mortgage refers to the transfer of a pre-existing mortgage product to a new property. The transfer is arranged by the buyer and his mortgage lender. Mortgages are transferred for many reasons. A buyer can transfer a mortgage because he wants a bigger house or when he needs to relocate to a different place. […]

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How to get a self employed mortgage

Posted by on 09/03/2017 in Mortgages

The primary qualification for a mortgage is the ability to pay back. People who are employed in steady jobs have pay slips that help prove that they can repay their mortgages. Things are a bit different for the self-employed. Self-employed people have fluctuating incomes. Mortgage lenders find it hard to lend money to people who […]

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How does help to buy work

Posted by on 08/03/2017 in Help to buy, Mortgages

Help to buy is a government lending scheme that enables new home buyers to get mortgages easily by assisting them in raising a deposit for a mortgage. Traditionally, mortgage lenders usually require borrowers to make a deposit or have security when applying for a mortgage. The deposit can be a percentage of the price of […]

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