The experiences of the past 18 months mean three-quarters (76%) of over-50s are now more likely to stay in their … Continue reading “OneFamily: Over-50s using equity release to stay in homes”
Missing Elements Blog
Equity Release Supermarket’s (ERS) Q3 data shows that younger clients are now seeking equity release which ERS put down to … Continue reading “ERS: Younger clients seeking equity release”
What is equity release? Equity Release is a way to unlock money from the value of your property. You normally do … Continue reading “Is Equity Release A Good Idea for 2022”
APRC The Annual Percentage Rate of Charge, often referred to as APRC is the total cost of the credit to … Continue reading “Glossary of Mortgage Terms A-Z”
Can I get a mortgage with bad credit?
When you apply for a mortgage, lenders will check your credit history to understand how well you manage your finances. They’ll also need an I get a mortgage with bad credit?
It’s possible to get a mortgage with poor credit, but it helps to show yourself in the best possible light. That means taking care of your credit history and budgeting sensibly.
Data protection: During the initial meeting, clients are given a Statement that explains how the data is handled under the … Continue reading “Data Protection Notice”
When you remortgage, you take out a new loan on a property you already own. You do this to either replace your existing mortgage product to get cheaper interest rates, or to release some cash from your home to meet your current financial needs or fund a lifestyle decision.
Decades ago, it wasn’t unusual for homeowners to stay with the same provider throughout the course of their entire mortgage. Nowadays, however, Remortgaging for better terms or to access some equity is commonplace. It’s a bit like searching around for the best energy rates or the more affordable broadband contracts, although the financial consequences are much greater if you choose the wrong mortgage – and this is why it’s so important to seek professional advice before making the switch.
Mortgage advice for Home Movers
Are you ready to buy your next home?
It’s an amazing feeling when you move into a new property, a fresh start, new neighbours, different layout, maybe even an extra bedroom or two. But, buying and selling properties at the same time can be stressful.
There are a lot of individual parties that you will need to deal with, solicitors, estate agents, your new mortgage provider, vendors, as well as looking into moving companies, home insurance, life insurance… I’m sure you get the picture. It’s a lot of phone calls, emails and documents – something we could all do without!
You do not qualify as a first time buyer if you have owned a property in the past, or if you have inherited property from a friend or family member. Similarly, if you own a house or flat but your partner does not, and you want to purchase somewhere new together, you will not be eligible for first time buyer mortgage schemes.
Not just the Government backed mortgages, but many lenders are now back with mortgages with just a 5% deposit The … Continue reading “95% Mortgages are back!”