This year, older homeowners can choose another type of home finance product – retirement interest-only or RIO mortgages. These deals allow borrowers to pay a monthly mortgage interest until they sell their house, go into long-term care or pass away. Read more…
In the past five years, the number of lenders offering interest-only mortgages has more than doubled. Nevertheless, many economic institutions believe that they are risky and can leave borrowers in significant financial difficulty. However, lenders are now using these mortgages Read more…
Many Brits choose to move abroad for a variety of reasons. If you are considering this yourself, it is important to understand how overseas mortgages work. An overseas mortgage is essential for living in a different country, unless you are Read more…
In the UK, one in four housing transactions will rely on the assistance of their parents to raise the capital. The financial services group L&G predicts that the bank of mum and dad will lend (or in some cases give) Read more…
In the UK, approximately 1.75 million private renters don’t believe that they will ever be able to buy a house. Since 2010, the number of renters who have this mindset has increased by 50%. Despite various policies that have been Read more…
There is very little difference between the long and short-term mortgage costs according. This is according to data release by the Bank of England. The analysis revels that long-term mortgages are being offered at the lowest interest rates since the Read more…
March 2018 saw a drastic fall in London house prices, with the annualised rate of inflation dropping to minus 0.7%. According to official Land Registry figures, this is the sharpest decrease since 2009. The drop in London house prices are Read more…
In recent years, there have been many warnings about interest-only mortgages. The Financial Conduct Authority (FCA) stated how the organisation was “very concerned” with the vast number of people who face losing their homes because they are unable to repay Read more…
Potential homeowners are much different than previous generations. They are more likely to enquire about a home via phone, email, app or website rather than visiting an estate agent directly. Aspiring homeowners also require significant funds to obtain a mortgage Read more…
Banks in England will be forced to increase mortgage rates. This comes following a warning issued by one of the country’s biggest investment managers, as cheap money provided by a closed Bank of England scheme runs out. Why Will Mortgage Read more…
