It’s the big question. The first thing almost all homebuyers find themselves asking: “What mortgage can I get with my salary?” Well the good news is that income is undoubtedly a huge factor in determining how much a lender might offer you. However, the reality is it’s not quite as simple as just plugging your…
Paying off your mortgage faster and owning your home outright is a major financial dream of many in the UK. And making mortgage overpayments – paying more than your required monthly amount – is a popular way to achieve this. But while it sounds good on paper, is it always the right financial move? Because…
When you get really deep into exploring your mortgage options you might start coming up on terms beyond the usual “fixed” or “variable rates”. For example, you might see some lendingers offering something called an ‘offset mortgage’. And yes, these sorts of mortgages are less common than your standard deals but that doesn’t mean you…
When will mortgage rates go down? It’s the question on everyone’s mind—especially first-time buyers and homeowners thinking about remortgaging. Let’s break down what’s happening, what it means for your mortgage, and how to plan for the months ahead. What Is the UK Base Rate? The UK base rate, set by the Bank of England’s Monetary…
For many people in the UK, owning your home outright is perhaps the ultimate financial achievement. One way to reach that goal faster is by making regular mortgage overpayments so you overpay on the required monthly amount to gradually chip away at the debt. However, lenders often have rules about how much you can overpay…
Choosing a mortgage involves a lot of important decisions. One of the biggest revolves around the interest rate you pay on the money you borrow. Will it stay the same for a set period or could it change month by month? This fundamental choice between a fixed or variable mortgage significantly impacts your monthly payments,…
Getting a mortgage is one of the biggest financial commitments you’ll likely make in your life. But the UK mortgage market is vast with many lenders and products making it feel overwhelming especially if you’re a first-time buyer or have complex circumstances. This is where a mortgage broker can be invaluable acting as your expert…
When you take out a mortgage to buy a home, one of the most fundamental decisions you’ll make is centred around how you’ll pay it back. It might seem complex with various deals and rates advertised, but it generally boils down to two main approaches for repaying the money you borrow. Understanding the difference is…
Let’s be real for a minute. Navigating the world of mortgages is complicated. There are just so many different types of deals and rates available. It’s way too easy to feel unsure about which option is right for you. The end result is often that you’re left craving a bit of certainty (and the knowledge…
Choosing the right mortgage is a big decision. And it’s complex. There are lots of different types of mortgages and each type has benefits (and drawbacks). Which you choose depends on your personal circumstances and finances. You might have heard about different types like fixed-rate or variable-rate deals but still be uncertain what each is…