Buy-to-let mortgages have had their fair share of news coverage since the three percent stamp duty increase and cessation of tax relief in 2016. But for many, the opportunity to earn a monthly rental income and see the property’s value increase over time is tempting. Whether you’re a buy-to-let veteran or investing for the first …
Understanding mortgages: buy-to-let vs consumer BTL Read More »
Mortgage lengths are one of the key questions that centre around the mortgage application process. The average length of a mortgage loan is between 25 and 30 years. The longer the loan length, the cheaper the monthly payments. Simple enough, right? However, the initial stages of a mortgage often include interest rates that are set …
Mortgages explained: initial term vs full-length contract Read More »
The mortgage application process often contains a number of keywords that you might not recognise. These words are referred to as ‘technical terms’ in the industry but, in reality, they can come across as a bit jargon-y. From AVMs to DIPS, and CCJs to SMIs, it’s easy to get caught out by different acronyms. As …
For anyone who wants to borrow money to have your own home, a mortgage is your access point. It is the gateway to that weekend getaway in the countryside. While the process of a mortgage is reasonably straightforward – apply to borrow money, receive funds, buy property, pay back the amount borrowed – the reality …
Explaining the different mortgage types: tracker vs fixed Read More »
What actually happened to mortgages, and what the future now holds. The idea of lending money to someone to purchase a home they can’t afford to pay for in full is simple enough. But somewhere along the line – amid the complexities, jargon and small print – mortgages became anything but simple. Fear not, though, …
How did mortgages get so messed up? A history lesson. Read More »
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