Understanding what happens when your mortgage deal expires is crucial for homeowners. Failing to take action can result in being transferred to a higher standard variable rate (SVR), leading to increased interest payments. This article explores the implications of mortgage expiration and highlights the role of a mortgage broker in finding the right solutions for […]
Mortgages
100% Mortgage Fears
The resurgence of 100% mortgages has raised concerns in the housing market. While they offer an opportunity for buyers with limited savings to enter the market, the return of these high loan-to-value mortgages has sparked worries about potential risks and their impact on housing market stability. The risks of high loan-to-value mortgages High loan-to-value mortgages, […]
Understanding Negative Equity And How To Avoid It
Negative equity is when your home is worth less than what you owe on your mortgage. Short periods of negative equity may be uncomfortable but can be tolerable. Extended periods of negative equity can, however, be hugely challenging. You should, therefore, do everything you can to avoid it. Here are four tips to help. Never […]
Top Tips For Minimising The Stress Of Moving
Moving house can be one of life’s most overwhelming experiences but it doesn’t have to be. The key to minimising stress is to plan out your move in advance. Then delegate as much as you can. Here are some tips to help. Make a list of your tasks One way to do this is to […]
Spring statement – Property
Spring is traditionally a busy time in the property market. Just how busy it is, however, depends on various factors. Many people involved in real estate will have been awaiting the spring statement with great interest. As it turned out, there were no measures aimed directly at the property market. Overall, however, it was still arguably good news for […]
How To Get A Mortgage As A First-Time Buyer
As a first-time buyer, there are, essentially, two steps to getting a mortgage. Firstly, you need to work on making yourself an attractive prospect to lenders. Secondly, you need to decide what kind of mortgage you want. Here is a simple guide to help. Making yourself an attractive candidate to lenders The exact qualification criteria for any mortgage […]