Mortgage News

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 […]

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. […]

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 […]

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 […]

Content in this article How a secured loan works How much can you borrow with a secured loan? Working out your equity Do I need to own my house outright to apply? Assessing affordability Checking your credit score and improving your credit rating How to get a secured loan with bad credit Comparing different secured […]