If a house or flat is classed as ‘unmortgageable’, it means a mortgage provider will not lend money for the purchase of the property. This can be a real problem for sellers, as it significantly reduces the number of potential buyers.
An interest-only mortgage is a mortgage scheme whereby you only pay the interest charged each month until the mortgage period is over.
Remortgaging is quite common. It’s incredibly rare to find a homeowner who stays with one mortgage deal for longer than a few years.
As dictated by Shariah law, Muslims are not permitted to do business using interest. This includes purchasing housing using mortgages with interest repayments. To address this, Islamic mortgage alternatives have become more commonplace in recent years.
Not all mortgages are the same. This article will talk you through the different types, including fixed-rate, variable and tracker mortgages.
Finding a good mortgage deal is not easy, especially these days. However, if you follow these 10 tips, you will put yourself in the best position possible to assess the mortgage market to find one that works for you.
If you are a landlord looking to add to your property portfolio, or if you are not yet a landlord but hope to become one, buy-to-let mortgages are a great way of investing in property and setting yourself up for additional rental income.
The bank of England has raised interest rates to 1.75%. While this is good news for savers, those with mortgages will see an increase in their monthly outgoings.
In this article, we’ll look at how you can find a good mortgage adviser and how they can help you to compare deals on the mortgage market and submit an application to a lender.
The Bank of England has announced that it is scrapping the mortgage affordability test as of 1 August 2022.
