Will Mortgage Rates Come Down in 2024?
Last year we saw continued turbulence in the mortgage market, with rates reaching their highest point in 15 years. This was largely due to a spike in inflation, which reached double figures for much of the year. To try to get a hold on inflation, the Bank of England decided to increase the base rate […]
What’s the Difference Between a Mortgage in Principle and a Mortgage Offer?
If you’re thinking about buying a home in the near future, you may want to consider getting a Mortgage in Principle as soon as possible. Doing so can strengthen your position as a buyer. If you’re wondering what a Mortgage in Principle is and how it’s different to a mortgage offer, this guide will help […]
Should I Get a 2-year, 5-year, or 10-year Fixed-rate Mortgage?
As we get into 2024, the base rate in the UK is at its highest point in many years. Average mortgage rates are also relatively high, but they have been steadily decreasing for the past six months or so. Despite this downward trend, the Bank of England has recently stated that they are unlikely to […]
Should I Extend My Mortgage Term or Switch to Interest Only?
Are you struggling to pay your mortgage? There are ways to potentially lower your mortgage repayments and make your loan more affordable month to month. The main two options are to extend the term of your mortgage or switch from a repayment mortgage to an interest-only mortgage. It’s important to stress that doing either of […]
Do I Need Income Protection Insurance?
Do you have rent or a mortgage to pay? Do you have children or a partner who is dependent on your income? Do you want to protect your home and your quality of life in case you’re ever unable to work due to illness or injury? If you answered yes to any of these questions, […]
How Do Buy To Let Mortgages Work?
If you’re thinking about buying a property to rent out, you’ll likely need a Buy To Let mortgage to help fund it. Buy To Let mortgages are loans that are specifically designed for people who wish to invest in rental property. You may be wondering what the difference is between a Buy To Let mortgage […]
What to Look for When Buying a Buy To Let Property
Buying a Buy To Let property can be a great way to generate income and build wealth over time. However, it’s important to do your research and choose the right property carefully. Finding the right rental property will give you the best chance of a successful and profitable investment, so be sure to read on […]
Consumer Duty – What is it and How Does it Help You?
Using financial services and products is something we all have to do as part of adult life, and it’s imperative that we’re able to trust the companies that deliver them. In some sectors, poor design and delivery of products is a nuisance, but when it comes to financial services, the consequences can be much more […]
Rental Yield Explained – How Much Can You Make From a Buy To Let?
If you’re thinking about buying a property to rent out, one of the first things you need to learn about is rental yield. The expected rental yield of a property is fairly easy to work out, and although it’s not the only thing to consider, it will be a helpful guide when choosing a rental […]
Offset Mortgages – Could You Save Money on Your Mortgage?
Offset mortgages are a unique mortgage product that allows you to lower the amount of interest you pay on your mortgage. You’ll need to have some savings to offset against your mortgage loan, and ideally, this will be money that you won’t need any time soon. As mortgage rates have increased considerably since a few […]
