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Month: January 2023

How does remortgaging work?

January 27, 2023

How does remortgaging work? This is a question that a lot of people may want to know the answer to, but without much experience in the area, it can be hard to know where to start. First, you need to understand what remortgaging is. Put simply, remortgaging is when you move your mortgage on your existing property from one lender to another.

Do NHS staff get mortgage discounts?

January 20, 2023

Do NHS staff get mortgage discounts? If you work for the NHS, this might be something you’re looking to find out. With house prices rising and the cost of living skyrocketing, a lot of people are looking to save money wherever they can, and the 1.5 million people who work for the NHS are no different. There are no specific mortgages available for NHS staff, but there are some lenders that will take into account your specific circumstances as a health…

Do first-time buyers need a down payment?

January 13, 2023

Buying a home for the first time can be an exciting time. Whether you’re keen to get started on the property ladder or you’re looking to stop renting and buy a family home, knowing where you stand as a first-time buyer is a valuable starting point. Deposits or down payments are a vital part of paying your mortgage, so it’s crucial to know the answer to ‘do first-time buyers need a down payment?’ when exploring your options.

Are Islamic mortgages really halal?

January 6, 2023

If you’re considering purchasing a home, but your religion prevents you from seeking a conventional loan form of mortgage, an Islamic mortgage offers a viable alternative that is compliant with Sharia law. More specialist lenders are offering versions of home purchase plans or halal mortgages, providing people within the Islamic faith a viable way to purchase a home without the need to pay money for money.