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 […]

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 […]

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 […]

Buying your first home is almost certainly going to be one of the biggest expenses you’ll ever face. It’s a big step to take, and you’ll want to find out as much about the process as you possibly can. But your careful research can throw up a lot of myths along with the facts. So […]

Buying a home is one of the most important decisions of anybody’s life. For this you need to be prepared, both financially as well as emotionally. It is a complicated process that may leave you confused, exhausted and worried. However, with some planning you can make it through and get that perfect home deal, which […]

When you have an existing mortgage and then opt for a new mortgage using the same property as collateral then this is termed as a remortgage. This is normally done to save money by choosing a new lender who offers lower interest rates. Another major reason for this is to raise capital or consolidate smaller […]