By John Cossons, Mortgage and Protection Designer at Anstee & Co. Firstly, what is a Green Mortgage, and should I have one? A green mortgage is meant to increase the appeal of owning a green, or energy-efficient, property. On top of the savings, you'll make on your energy bills each month. Also, the idea [...]
Many mortgage borrowers are now making overpayments to reduce the impact of higher interest rates. A recent study undertaken for Barclays Bank found that nearly a quarter of homeowners overpaid their mortgage. Should you consider overpaying your mortgage? Why should you overpay your mortgage? Overpaying allows you to save on your interest payments. [...]
Do you feel that you are locked into an interest only mortgage deal that you cannot get out of? To help you with this mortgage companies are coming up with some creative solutions. Furthermore, as we are independent mortgage brokers, we can look at all the financial solutions available to you. However, for many, [...]
By John Cossons, Mortgage and Protection Designer. The UK mortgage landscape is evolving with a focus on affordability and responsible lending. The Financial Conduct Authority (FCA) is reviewing and potentially simplifying rules, particularly around affordability assessments when reducing a mortgage term according to a recent policy paper. This includes a move away from prescriptive [...]
It is always a good idea to understand the different types of mortgages that are available and how they work. In this article, we take the first steps in finding out which type of mortgage is best for you. Each mortgage has its advantages and drawbacks. To help you get informed about what is [...]
Figures released from the Financial Conduct Authority (FCA), show that nearly 40% of borrowers taking out a new mortgage will be over the age of 65 by the time the loan is repaid. Why is this happening? With property prices increasing, first-time buyers are often having to wait until their thirties before they buy [...]
We could be entering a period of opportunity for first-time buyers. Market conditions could be perfect for people looking to buy their first home. Buyers are able to take advantage of cheap mortgage rates and the weakening housing market. Additionally, as a first-time buyer, you can still make use of the government’s Help to Buy [...]
Nobody likes uncertainty, especial when it comes to your finances. Regardless of your thoughts on Brexit, it is difficult to predict what the financial future holds. We have seen the Bank of England base rate start to edge up with a hint that more is to come. Great if you are a saver, but not so [...]
