Category: Mortgage Rates & Market Updates

When it comes to our finances, most of us have had at least one blip or other in our history. Whether you’ve had CCJs in the past or you’ve struggled to keep up with credit card repayments, it’s easy for your credit score to be damaged or take a dip now and then.

Buying a home is one of the largest financial transactions most people make. So, unless you’ve won the lottery, that means getting a mortgage. But what exactly is a mortgage?

If you’ve had a mortgage in place for at least a few years, you’ve likely come across information on remortgaging. Have you seen other offers for your current mortgage lender?

Lots of homeowners choose to remortgage, whether it’s to move to a new property, release equity from their home or to benefit from a mortgage on their current property with a better interest rate or more suitable features.

Working as a contractor gives you freedom and flexibility, but there are some downsides as well. Many contractors find that obtaining a mortgage working as a contractor is difficult, if not impossible.

The government has proposed that all rental properties will need an EPC rating of ‘C’ or above by 2025. Similar to the previous changes, the new regulations will be introduced for new tenancies first, followed by all tenancies from 2028.

Remortgaging can yield many benefits, such as reducing your current monthly mortgage payments at a lower interest rate.

A Buy-to-let investment strategy remains a potentially lucrative prospect in the UK, but prospective landlords need to carefully weigh up the expenses of owning a rental property, the largest being the mortgage.

If you’re happy living in your home but are not so happy with your current mortgage, you may be able to remortgage to take out a new deal with your existing provider or even a different provider while staying in your property.

Many people who take out interest-only mortgages want to know whether it’s possible to remortgage it just like you can with most mortgages.