Mortgage News

On 23rd September 2022 UK Prime Minister Liz Truss raised the threshold for Stamp Duty meaning that tax you pay on buying your permanent residence has gone down leaving more money in your pocket to enjoy the property. These rates only apply to England and Northern Ireland as Scotland and Wales do not charge stamp […]

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If you’re looking for information about your current mortgage or what you might be able to borrow, you may be looking for a calculator to help you find out that information. There are many different types of calculator and it can get confusing as to which does what – here’s a quick guide. Mortgage Base […]

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For Example, Repayment Interest only If you take £100,000 as a mortgage loan for 25 years at 3% interest rate, your monthly repayment would be £474.21 and total interest you will pay will be £42,263.39. If you take £100,000 as a mortgage loan for 25 years at 3% interest rate and choose to pay interest […]

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For Example, Your current mortgage balance is £20,000, remaining term is 10 years and interest rate is 3%. If you decide to make £100 every month as over payment then your monthly payment will be £293 but your term will be shortened to 6 years and 3 months. The total amount you will pay back […]

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For Example, The property is located in London and its price is £500,000. Cash Deposit is £25,000 You can get a mortgage loan up to 40% against the equity in London. Total loan you can get would be £200,000 and mortgage requirement would be £275,000 Your mortgage loan eligibility also depends on your annual income. […]

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Taking out your first mortgage can seem a daunting prospect, and even modern clear English mortgage documents can contain unfamiliar words and phrases. It is important to understand what you are taking on which is where our comprehensive glossary of mortgage related terms will help. APRC: APRC means the Annual Percentage Rate of Charge. This […]

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