50% of homeowners say they found the process of buying a property confusing and over 60% admit to not fully reading their mortgage agreement before they signed it. Crazy! A mortgage will likely be your largest financial commitment, so it’s vital to ensure that you’re happy with the terms of your mortgage agreement before you commit to it.
The pressure on buy-to-let landlords continues to grow and they have more legal obligations than ever before. If you are thinking about getting into buy to let, these 9 top tips will help you stay on top of your responsibilities.
Trying to get a mortgage can be a daunting task. However, it’s not as difficult as you might think and there are a number things you can do to improve the odds of you being accepted. To give yourself the best chance of securing a good deal, you’ll need to have your finances in order before you apply.
On 2nd August, the Bank of England increased the base rate from 0.5% to 0.75%, the highest it has been since 2009. The rise has prompted many homeowners to consider looking for a fixed-rate mortgage deal. Should you be doing the same?
Finding a mortgage deal when you’re self-employed can be tricky. As many as 71% of self-employed people said they felt discriminated against due to their employment status when applying for a mortgage, according to a recent survey by The Mortgage Lender. But, yes, it is possible to get a mortgage even if you have only been trading for a short time.
It’s no secret that, in today’s climate, more and more first-time buyers are turning to the bank of mum and dad when looking to get their foot on the property ladder. House prices have increased steadily over the last few years, with the average UK property costing a whopping £226,071 as of November 2017 – an increase of 5.1% over the previous year.
Getting a mortgage can be a challenge at the best of times. For the UK’s nearly five million self-employed people, the process is even more difficult, but that’s not to say it is impossible… [Read more…]