mortgage

Paying off your mortgage might come with a sense of relief and far more financial freedom. If reaching that milestone as soon as possible is one of your goals, there are ways to pay off your mortgage quicker.  Being mortgage-free could open up doors for you. Without mortgage repayments, you might be able to travel more, retire sooner, or simply ...

When you’re taking out a mortgage, it can be difficult to understand the terminology, which might seem like it’s filled with jargon and acronyms. Indeed, one such term “loan-to-value” or “LTV” can be confusing. If you’re unsure what LTV means, read on to find out and discover why it could be important if you’re searching for a mortgage. LTV is ...

While the Bank of England (BoE) has started to cut its base interest rate, many homeowners with fixed-rate mortgages that end this year will still see their outgoings rise. If your mortgage deal comes to an end, read on to discover five sensible steps you might want to take. According to a report in the Times, around 153,000 mortgage deals ...

Labour secured a majority in the general election, and their manifesto included several pledges that could affect the property market over the coming years. Read on to discover three pledges that could have an impact. Labour has pledged to build 1.5 million new homes Over the next five years, Labour has pledged to build 1.5 million new homes. Demand for ...

Changing lifestyles and affordability challenges mean a growing number of people are buying their first home in their 50s and 60s. Stepping onto the property ladder later in life can still be rewarding and financially worthwhile, but it could present some additional obstacles to overcome. According to data from Legal & General, in the first three months of 2024, there ...

Taking out a new mortgage is often a trigger for considering how you or your family would cope if you faced a financial shock. Yet, a report from Which? suggests that more than half of homeowners don’t have enough life insurance to protect them. If you took out life insurance, it would pay a lump sum to your beneficiaries if ...

Rising interest rates have been big news over the last couple of years, with many mortgage holders seeing their outgoings increase. It’s not just individual families that have been affected, it’s having a wider impact on the property market too. To tackle high inflation the Bank of England (BoE) started increasing its base interest rate at the end of 2021. ...

Over the last couple of years, rising interest rates have had a huge effect on the cost of borrowing. If your mortgage deal expires soon, you might be wondering if interest rates will return to “normal” and whether you’d benefit from choosing a fixed- or variable-rate mortgage deal. The Bank of England (BoE) sets the base rate, and it’s increased ...

Rising property prices mean homeowners who sold in 2023 made an average profit of £74,000. Gains could help you move up the property ladder, but they could also be useful even if you don’t move and might lead to lower mortgage repayments. Read on to find out if you could benefit from rising property prices. Just 1 in 10 homes ...

Homeowners with fixed-rate mortgage deals that end in 2024 could face much higher repayments due to rising interest rates. If your mortgage deal expires this year, being proactive could help you manage your outgoings. High inflation over the last couple of years has led to the Bank of England (BoE) increasing interest rates. In November 2021, the BoE base interest ...