by Corey | Mar 19, 2024 | Mortgages
Are you a mortgage prisoner? A mortgage prisoner is a homeowner who finds themselves in the predicament of being trapped on a high-interest variable mortgage rate with a failed lender who has since been sold. Stricter lending criteria can then make it more difficult...
by Corey | Mar 15, 2024 | Mortgages
In a recent parliamentary briefing, Jill Hume underscored the urgent need for legislative reforms to free mortgage prisoners and protect homeowners from financial entrapment. As part of the Mortgage Prisoner Action Group’s latest campaign launch, Hume emphasized the...
by Corey | Feb 26, 2024 | Mortgages
As the UK braces itself for the upcoming budget, Chancellor Jeremy Hunt is rumoured to be working on an ambitious plan aimed at revitalising the housing market and bolstering homeownership opportunities. Under the proposed government-backed 99% Loan-To-Value Mortgage...
by Corey | Feb 23, 2024 | Mortgages
Second charge mortgages, also known as second mortgages, involve taking out a secured loan and borrowing against the equity on your home, while maintaining your existing mortgage. Essentially, it’s a secondary loan secured against the same property, providing...
by Corey | Apr 3, 2023 | General
What are the advantages of buying a house? Here are the main upsides of home ownership. SecurityYou can’t be made to move out at short notice by a landlord. FreedomYou don’t have to stick to a tenancy agreement that sets out what you can and cannot do, and...
