Mortgage News

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 […]

Content in this article A Look At Unsecured Loans A Look At Secured Loans What About Car Finance? An Unsecured Or Secured Loan: Making Your Choice Possible Alternatives To Secured and Unsecured Loans Get Expert Advice Interest Rates If you need access to some extra funds, taking out a loan may be the ideal solution. […]

Content in this article Secured loans explained How much can you borrow? The cost of a secured loan Changing costs Fixed for term Short-term fixed rate Variable rate Comparing secured loans What is secured loan collateral? What can be used as secured loan collateral? Loans secured against other assets What difference does collateral make when […]