Help to Buy ISAs Explained

Taking those first steps onto the property ladder is no easy task; it takes a lot of saving and can take years to have enough to be able to buy your first home. With houses getting increasingly expensive, it is becoming more and more challenging […]

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What Is An Early Redemption Penalty or Charge?

Early Repayment Penalty also refers to Early Repayment Charge (ERC) and indicates a fee you might be required by a lender in case you paid off your mortgage or loan prior to the credit facility’s scheduled term. A redemption penalty is usually equal to one […]

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A Guide To Tracker Mortgages

For home buyers who want their mortgages to reflect the base rate changes, perhaps tracker mortgages can really help. Tracker mortgage refers to variable rate types of mortgages where interest rate payments are controlled by the base rate changes of the Bank of England. Base […]

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What Is A Standard Variable Rate Mortgage?

Once a tracker, discount or fixed rate mortgage has come to an end the lender usually quotes another interest rate mostly known as the Standard Variable Rate (SVR). Lenders have the freedom to set their own SVR, which becomes the interest rate by default to […]

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What Are Fixed Rate Mortgages?

One thing a mortgage shopper wants is the security that they won’t be under pressure to pay back more than they can afford. Fixed rate mortgages are considered the best in this regard considering they allow takers to enjoyed fixed interest amounts to be paid […]

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What Is A Decision in Principle (DIP)?

Once you’ve made up your mind that you need a mortgage and have set eyes on your perfect home or investment opportunity, then the DIP (Decision In Principle) comes into play. DIP is also referred to as lending certificate or AIP (Agreement In Principle) or […]

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How To Buy A House With Help From The Government

Buying a property is no easy task, it requires a large upfront deposit and a decent income in order to be approved for a mortgage. For most individuals, coming up with a 10% or even 5% deposit can be a real struggle and often is […]

Section 75: What You Need To Know About The Consumer Credit Act

Have you ever purchased a product and discovered it’s faulty? Or booked a holiday only for the hotel to go bust? If you used a credit card to pay for these transactions, then you have the right to a refund even if the retailer declines, […]

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What Does A Mortgage Broker Do?

Mortgage brokers are financial advisors that specialise – as their name suggests – in mortgages. They work with individuals looking for mortgages, carrying out affordability assessments, explaining the application process, and recommending the best deals based on a borrower’s personal circumstances. Different Types Of Mortgage […]

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What Do APR And APRC Mean?

If you’re thinking of taking out a loan, mortgage or applying for a credit card, you’ll probably encounter the terms APR and APRC. Both relate to the interest you will end up paying, and it’s essential you understand what they mean, why they are used […]

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Mortgage Market Review (MMR) Explained

After the 2008 credit crunch and the financial crash that followed, the UK government carried out a thorough review of the mortgage market, implementing changes that came into force in 2014. These changes were the result of the conclusion drawn by the government that mortgages […]

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Loans For Older People – What Are Your Options?

With the life expectancy of people in the UK increasing on a yearly basis, more and more older people are searching for money to help see them through retirement and beyond. Unfortunately, getting a loan as an older person is difficult to do from standard […]

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Loan Sharks – What Are They And How To Avoid Them?

Finding the money to deal with unexpected costs in a time where peoples’ financial situations are at their worst is tough. Often, people will undertake desperate measures to make sure that they don’t go without. More and more people are opening themselves up to the […]

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How To Deal With Creditors

If you’ve fallen behind with your payments, you can directly arrange repayments with creditors. Firstly, you will need to work out an achievable and realistic personal budget. Then you will have an idea of the amount you can pay towards your debts, after paying your […]

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7 Ways To Fix A Low Credit Score

If you’re planning on applying for a loan, mortgage, or credit card, your credit score will have an impact. It will determine whether you are approved and the interest rate you’ll have to pay. The lower your score, the less likely a lender is to […]

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What Are Your Equity Release Options In Retirement?

When it comes to retirement, it can be challenging to know all the options available to you. While you may have some kind of pension set up, it can be a struggle to have enough cash to enjoy your retirement how you want to. There […]

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Home Reversion Explained [The Expert’s Guide]

Are you looking for a way to release equity? One of the most popular equity release schemes, alongside lifetime mortgages, is a home reversion. So what home reversion and is it right for you? What Is Home Reversion? A home reversion scheme is one of […]

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Buy To Let Mortgages For First-Time Landlords [The Expert’s Guide – Read All You Need to Know]

Entering the property market is a big and exciting decision, and every property investor has to start somewhere. Whether you’ve decided you want to become a landlord for some extra cash flow or you want to begin building your own property empire; getting a buy […]

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How To Get A Mortgage With Bad Credit [The Expert’s Go-to Guide]

Buying a house is probably the single more terrifying (yet exciting) thing you will do in your lifetime, and ensuring that you make the most sensible purchase, with the best possible mortgage to support your purchase is essential. Your mortgage will constitute the most significant […]

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How To Get A Mortgage When Self Employed

Owning your own house can provide you with security, long-term financial stability and the opportunity to really make your house a home for you and your family. A few years ago, saving for a mortgage was a challenge but not entirely out of reach for […]

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