The difference between variable interest rate and fixed interest rate mortgage

There’s a high chance that before considering a mortgage application you have heard the terms ‘variable interest mortgage’ and ‘fixed interest mortgage’ at least a hundred times but it never really piqued your interest. Now you want to know as much as possible about various types of mortgages and how can they work for you. [...]

Posted by on 31 May 2011 | 4:26 am

Smart self employed people prepare for mortgage application

Self employment certainly does feel great and has it’s many benefits, but it can turn a mortgage application into a really complicated and time-consuming process. You’d think that business owners or people relying on contracts and commissions, who typically exhibit strong initiative, ambitions and personal drive should be highly valued as customers – but the [...]

Posted by on 30 May 2011 | 7:42 pm

What is a tracker mortgage?

The financial vocabulary can be a little misleading to say the least. The lenders marketing efforts shower you with APRs, PMIs and VRMs but how are you supposed to know what all that means? What is a tracker mortgage and how is it different from any other types of home loans? To tell the truth, [...]

Posted by on 30 May 2011 | 7:30 pm

What are the consequences of late mortgage payments?

As BBC reported recently, the rapidly increasing inflation can increase some household’s monthly expenses by as much as £50 per week. This staggering news accurately reflect the state of current economy and forecast problems with late mortgage payments for many homeowners. While paying mortgage on time is a priority for most people, sometimes the financial [...]

Posted by on 21 May 2011 | 2:32 pm

Top 5 tips for best mortgage refinance

Mortgage refinance is a popular option for two main reasons: reducing the amount of monthly repayments by extending the mortgage period and taking advantage of lower interest rates to reduce the overall true cost of the loan. The global recession resulted in temporarily decreased interest rates thanks to the Bank of England, which created a [...]

Posted by on 8 May 2011 | 6:57 am

Buying overseas property with UK mortgage

Ownership of an overseas property is tempting in so many ways, but without proper knowledge of financial procedures for foreign mortgages the prospect of finalizing the transaction seems very distant. UK mortgages are complicated enough for an average person, and that’s with local mortgage brokers and wealth of information readily available in English on the Internet - so how to tackle a massive financial commitment in another part of the globe?

Posted by on 4 May 2011 | 8:13 pm

Predictions for UK remortgage rates in 2011

The changes in economy have a significant impact on remortgage prospects and everyone interested in refinancing their mortgage in 2011 should take some serious steps in order to not only get the best deal for themselves, but get any deal at all. The truth is that conditions for remortgaging in 2011 will change dramatically and this may be the last chance to save money and take advantage of lower interest rates offered by lenders.

Posted by on 22 March 2011 | 6:53 pm

Does bad credit affect mortgage application

You will be asked questions about your financial standing and prospects for the future but without a good credit score to back your claims - mortgage will be hard to get.

Posted by on 20 February 2011 | 5:02 am

How self employed can get mortgage with bad credit

Due to the unstable nature of running your own small business there are considerably less choices for self employed looking for mortgage and adding bad credit on top of that is not making things any better.

Posted by on 19 February 2011 | 4:34 am

Poor credit mortgages

Mortgage lenders may reject an application because your credit score does not reflect the trustworthiness and financial responsibility they’re looking for.

Posted by on 18 February 2011 | 2:17 am