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. [...]
If you are self-employed and looking to renew or take out a new mortgage then follow these eight top tips to ensure that you get the best mortgage for you. First of all, it’s important if you are looking to get the best deal that you start planning well before you need the mortgage. [...]
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 [...]
The first question our mortgage advisers are usually asked is "How much can I borrow”? In the past, mortgage lenders based the amount you could borrow mainly on a multiple of your income. This was often referred to as the loan-to-income ratio. Mortgage criteria have now changed. This worked by looking at your salary [...]
As a first-time buyer, getting the deposit together for your home is hard. So, to help first-time mortgage buyers the government launched its Lifetime ISA. Sometimes known as a LISA. This scheme was first made available in April 2017 and is open to people aged 18 but before the age of 40, who are UK [...]
Many people may struggle to repay their interest-only mortgage when it comes to the end of its term. A large number of interest-only mortgages were sold in the 1990s and early 2000s. They were often linked to endowment savings plans. These plans were designed to generate a tax-free lump sum to repay the mortgage. Some [...]
It can make sense to review your mortgage from time to time. The chances are that your circumstances will have changed from when you took out your mortgage. You may have had a pay rise; your house may have increased in value, or you may be looking to take paternity leave? Whatever the reason, it’s [...]
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 [...]
We have reached the final of NatWest Mortgage Local Hero Awards. NatWest Mortgages is recognising mortgage brokers that have gone beyond everyday expectations. Above all, they have put the customer and their local community at the heart of their firm. In total 60 firms have been shortlisted for recognition in the 12 regional awards. Anstee & [...]
Congratulations to John “Bob” Cossons on receiving top marks from a national publication on the mortgage advice he gave. Each week a mystery shopper from the FT Adviser seeks advice from independent advisers in the UK. The FT Adviser is part of the well-respected Financial Times Group of publications. The aim is to find out [...]
