How long does it take to remortgage
How long does it take to remortgage? Well, that depends on a number of factors including: How long it takes to gather documentation relating to the mortgage application The turn around time of the mortgage lender The turn around time of your conveyancer And last but not the least, the complexity of your mortgage application Typically, the remortgage timescale is up to two months. It is important to ensure that you give yourself enough time if your current mortgage deal is due to finish in the next few months. This will help you avoid the usually expensive SVR (standard variable […]
Read moreHow to get the best remortgage deal in three steps
The days of little checks and easy mortgages may well be in the past (self-cert mortgages, anyone?), but that does not mean that you cannot get a good deal as a borrower. Read on to find out how to get the best remortgage deal in three steps. Make yourself attractive (to the lender of course) There are some simple steps you can undertake to make yourself a more attractive proposition to the lender and remove anything that will put them off. Ensure you are on the electoral role and everything is in order with your address. Lenders check your […]
Read moreI own my house outright can I remortgage
“I own my house outright can I remortgage?” I hear you ask. If you are one of the few (lucky) people who own their house outright and are looking to raise capital against your home, then read on. Perhaps you inherited a property or maybe you have managed to pay your mortgage off. The question is, can you remortgage? The answer, in short, is yes. When you hear the word “mortgage” this typically conjures up the scenario of taking out a hefty loan with a bank in order to pay back over time the money you owe the lender – […]
Read moreVariable or Fixed Rate Mortgage
One of the key things to consider when deciding on a mortgage is whether to go for a variable or fixed rate mortgage – which is usually between 2 and 5 years. Let’s look at the pros and cons of each in turn. Fixed Rate Mortgage A fixed rate mortgage is a mortgage with an interest rate that stays the same for a set period of time – usually between two and five years. Because the interest rate is fixed, your monthly mortgage repayment will stay the same for the duration of the term. When the fixed rate expires, you […]
Read moreWhat insurance do I need as a landlord
Whether you are a landlord or considering becoming one, it is important to find out what insurance you need as a landlord and what the options are. There is plenty that can go wrong when there are tenants in the house and the right insurance will ensure you don’t foot the bill when the need arises. Let’s take a look at what makes up landlords insurance and why it may be useful. First of all, do you have to have a landlords insurance? The answer is no, there is no legal obligation from the government to take out a landlords […]
Read moreWhat are the Benefits of an Interest Only Mortgage
There are different types of mortgage loans available. A form of mortgage loan arrangement called an interest only mortgage affords the borrower low monthly payments that go towards paying off the interest only. The interest payments will run for a set amount of time, and when the term is due, the borrower owes the lender for the total amount of the principal. So what are the benefits of an interest only mortgage? To begin with, you might ask yourself who would want to take out an interest only loan? First of all, an interest only mortgage is a cheaper way […]
Read moreTen Most Common Home Improvements
A vast number of homeowners across the UK spend on renovations each year to increase the value of their homes. While there are some who are willing to shell out big money for significant home improvements, not all big projects guarantee the best returns. Small changes can prove very cost effective when the time comes to assess the value of your property. So, which home improvements add the most most value for UK homeowners? Kitchen and bathroom upgrades No surprise that this leads the list for which home improvements add the most value to the property. The kitchen and bathroom […]
Read moreRemortgaging Can Save You Big Time
A mortgage is one of the most significant financial commitments any person will make in his or her life. There are a variety of factors that will affect your ability to get a reasonable interest rate, but it does not mean that you can’t do anything else to ensure that you are getting the best deal possible. This is the reason why for some, remortgaging can save you big time by reducing thousands in interest repayment. Consider this – when you buy a consumer product, you always shop around first for the best deals. Of course, you do. Then why […]
Read moreCan I remortgage with bad credit?
If your current mortgage deal is coming to an and would like to apply for a remortgage, chances are you questions and concerns; more so if you are concerned that you have a poor credit rating. It is understandable to feel slightly intimidated by the possibility of not getting a good deal (or any deal) because of your credit rating. In this article, we aim to address some of the frequently asked questions related to mortgage applications and poor credit. So, can I remortgage with bad credit? In short, the answer is yes, you can. While it is natural to […]
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