If you have an existing mortgage and are looking to move to a new property you have a couple of options. You can remortgage to a new lender or you can move your mortgage from your current property to the property you wish to buy. This is called porting. Most lenders allow mortgages to be…
Homeowners could be able to remortgage their home within just a week, under new plans announced in the Queen’s Speech. At the moment it can take anywhere between six weeks and three months to switch mortgage providers, much to the frustration of everyone involved! These new plans, currently being considered by the government, could speed…
Given the state of uncertainty the country currently finds itself it would be a brave (or should that be foolish?) man who would make any predictions right now. Who will be Labour leader, whether the pound will recover, when the next General Election will happen or what the terms of our EU exit will be.…
Interest only mortgages were a hugely popular product, which allowed borrowers to pay the interest on their mortgage each month and not any of the actual debt. Paying just the interest meant the borrower’s monthly repayments were significantly lower than they would be for a repayment mortgage. Unsurprisingly therefore, interest only mortgages were popular with…
