An offset mortgage basically uses the interest from your savings account against the interest charged on your mortgage. Usually your mortgage lender will link your mortgage and savings account into a single account, with the same financial institution. Each month, the amount you owe on your mortgage is reduced by the amount you have in your account, before working out the interest due on the mortgage. For example, if you had an offset mortgage of £100,000 and you had savings …
Mortgages – Ad Infinitum
There are some exiting developments in the mortgage market with the birth of a new mortgage designed in order to allow home owners to pass on their mortgage debt in the event of their death. Whilst some people might think this is a rather odd thing to do, read on for the full story:-
Mortgages – An Important Date
A helpful reminder from your mortgage broker may be just what you need to save yourself a whole lot of trouble.
Mortgages – A Guide For First Time Buyers
The prospect of buying a home for the first time can be a very exciting experience, however for many it can also be a very daunting one too.
Mortgages – How Lenders Work Out Affordability
If you are thinking about purchasing a property it is first important to know how much you can afford to borrow. Mortgage Lenders traditionally used income multiples to work out this amount.
Mortgages For Old Timers
With the whole pension fiasco many people are struggling when in their golden years. Releasing the equity from your home can be a good way to supplement your income in retirement. Make sure you use these ten points to avoid the pitfalls.
Mortgages For The Landlord And Landlady
The demand for property has been rising. Everybody wants to invest in property because it makes great business sense. Housing is a great business in today’s world, especially within city limits. With everyone wanting to live in the city and pursue lucrative careers, housing will certainly be an issue. As a result, it makes good business sense to exploit this opportunity to profit by providing housing facilities for the city folk. More and more property owners have woken up to…
Mortgages From The Past And The Present
There are mortgages and there are mortgages. If you want to buy a house, it is likely that you will be flooded with offers from all kinds of finance companies and loan providers as they try to win you over. Each loan provider will advertise to you, the best possible loans that they have on offer. If you are looking for cheap mortgages, just relax. Most loan providers have an array of loans and mortgages to suit the house buyer on a budget.
Mortgages Buy To Let A Wise Bet
Buy-to-let is often seen by private investors as an interesting alternative way to make their money grow. Certainly it offers the chance of double benefits for the owner. There is the income from letting the property and the hopeful increase in the value of the property.
Mortgage Advice First Time Buyers
For a lot of newly weds buying their first home together is something that they dream about. When they view each house they imagine how well their new furniture will appear and what beautiful colours they will paint each wall and even which of the bedrooms will be ideal for their forthcoming children.
Mortgage Debt – Avoid Using Your Credit Card
A survey for the homeless charity Shelter has revealed that in 2007, more than one million people in the UK have used a credit card to pay their mortgage.
Mortgage Outfits Challenged On Exit Fees
You might have heard of an exit fee. It is the charge that the mortgage lender makes a person pay if they want to get out of a money borrowing agreement before the end of the term. Another name for it is a redemption penalty.