What happens when my fixed-rate mortgage ends?
When your fixed-rate mortgage ends, your mortgage doesn’t stop; instead, your lender will automatically move you onto a standard variable rate (SVR). It can feel pretty daunting when your fixed-rate mortgage deal is coming to an end; being on a fixed-rate deal gives you the security of knowing exactly what your mortgage cost is each […]
Can you change the mortgage term when remortgaging?
Remortgaging allows homeowners more flexibility in their mortgage terms. Whether you’re experiencing a change in life circumstances or your situation has changed since first taking out your mortgage, you may have the option to extend or reduce your mortgage term. Both extending and reducing your mortgage agreement come with their advantages and disadvantages, and will […]
Can you be refused equity release?
The short answer is yes, you can be refused equity release. However, the good news is that the majority of applications are accepted, and a refusal from one lender doesn’t mean the door is permanently closed. Understanding the most common reasons for refusal and what you can do about them puts you in the strongest […]
Can I get a mortgage during my probationary period?
Congratulations on your new job! As you settle in and start planning your future, buying a home might be at the forefront of your mind. But what if your employment is still within a probationary period? Can you get a mortgage while on probation? In this article, we’ll explore the possibilities of securing a mortgage […]
What Are Property Chains and How Do They Work?
Moving home is one of the most exciting (and sometimes nerve-wracking) things you’ll ever do. If you’ve started looking at properties, you’ve probably come across the term “property chain”. This article will detail what a property chain is and how it could affect your move. What is a property chain? A property chain is a […]
Everything you need to know about getting a second mortgage
Taking out a second mortgage can be a strategic financial move for many homeowners. Whether you’re looking to consolidate debt, fund home improvements, or handle unexpected expenses, understanding the intricacies of a second mortgage is crucial. In this guide we’ll teach you everything there is to know about second mortgages, as well as the process […]
First-Time Homebuyer Guide
Buying your first home is a monumental step in life, filled with excitement and a fair share of challenges. From determining how much deposit you need to buy a house to navigating the complexities of mortgage options, the journey of buying your first home requires careful planning and informed decisions. This comprehensive first-time buyers guide […]
How long does it take to remortgage a house?
Remortgaging a property is not an instant process, but it is usually more straightforward than arranging your first mortgage. In most cases, it takes between four and eight weeks to complete, although some applications can move quickly while others may take a little longer depending on the circumstances. What affects the remortgage timeline? The overall […]
Can I remortgage before the end of a fixed term?
For those on a fixed-rate mortgage, remortgaging early can be a beneficial way of saving costs in the long-term. However, leaving before your fixed term ends may incur charges that homeowners should prepare for. Can you remortgage early on a fixed-rate mortgage? Leaving your mortgage deal before your term has ended can mean you’ll be […]
What is the best mortgage term for me?
Congratulations! You’ve taken a significant step towards homeownership. But with the excitement comes a multitude of decisions, one of the most crucial being: what length of mortgage term should I get? The term of your mortgage refers to the total duration you have to repay the loan. In the UK, mortgage terms typically range from […]