Mortgages – Mortgage Blogger

What is a tenancy deposit scheme?

If you’re renting out property, protecting your tenant’s deposit in a government-backed tenancy deposit protection (TDP) scheme is a legal requirement. This guide explains how deposit protection works and highlights your responsibilities as a landlord. What is a Tenancy Deposit Scheme? Since April 2007, landlords in England and Wales have been required to safeguard their

Refinance Your Mortgage With Bad Credit: Four Steps To Success

The recent housing crisis and the predatory lending that went along with it have led many homeowners to look into the possibility of refinancing their current mortgages in order to make payments more affordable. However, the flip side to trying to accomplish this feat is that the same crisis has made many of those same

Buy-to-let mortgages

If you want to buy a rental property but need to borrow the cash, you will have to take out a buy-to-let mortgage. These are different to residential mortgages and have special terms and conditions attached. What are buy-to-let mortgages? These are loans to buy an investment property which you plan to rent out to

Brownfield sites: what you need to know for your self build project

A key part of the UK’s strategy for meeting new home build targets, redeveloping brownfield sites gives purpose to previously disused land, providing the space required for new houses to be built. Without the environmental impact often associated with new builds, building on a brownfield site is seen as a greener way of developing housing,

Mortgages

Build your own home using Modern Methods of Construction

Have you been thinking about building your own home? You might want to consider looking into Modern Methods of Construction (MMC), which utilises offsite production and could offer a faster and cheaper alternative to traditional brick and block construction. What is MMC? MMC is the new generation of prefabricated housing but vastly different to the

Mortgages

Mortgages at their most affordable in a decade

Halifax revealed that mortgages in the UK have reached their most affordable level in a decade. The latest price index stated that in the last quarter of 2017, typical mortgage payments accounted for less than a third of homeowners’ disposable income (29%), compared to almost half in 2007 (48%). This rise in affordability is a

Mortgages

Sitting on a Mortgage Time Bomb?

How to stop an interest-only mortgage blowing up in your face So what’s an interest-only mortgage? An interest-only mortgage is exactly what the name suggests; a home loan where you only pay the interest that accrues and aren’t bound to pay off the amount you have borrowed until the end of the term. Nearly one

Mortgages

3 Ways to Finance a First-Time Home

Low interest rates on mortgages in Scotland, Wales, and Northern Ireland are driving a boom in housing purchases amongst first-time homeowners who can now afford their own property. In the second quarter of 2017, growth rates in these areas were twice as high as those found in London, in part due to higher housing prices in the

Mortgages

Act Now to Secure Remortgaging or Pay the Consequences

Have you been considering a remortgage for your property? How much you have to pay back will depend on whether you act now or wait a few months. Research shows that remortgage rates are slowly rising in the UK. Let’s look at what that means for homeowners. Rates Are Currently Low but Not for Long

Mortgages

Adverse Credit Mortgage: Getting a Bad Credit Remortgage

Over a period of time an individual can build up a substantial financial resource which is locked into a house or property. Such a resource is built up from both repayments on the mortgage, as well as any rises in property prices that have been experienced. If one wishes to unlock this recourse then a