MORTGAGE PROTECTION:PLAN FOR THE WORST, HOPE FOR THE BEST In the excitement of buying a home and being accepted for a mortgage it can be easy to dismiss what would happen if, for an unforeseen reason, you could not cover the repayments. Richard Campo runs through the protection options [...]
SANTANDER UPS MORTGAGE INCOME MULTIPLES TO 'ALLOW CUSTOMERS TO BORROW MORE' - YOUR MONEY Santander has increased income multiples, or loan-to-income (LTI) ratios, to as much as 5.5x income in some cases. The lender said that the changes will allow some clients to borrow more than before. Applicants with [...]
WHAT TO DO IF YOU NEED TO REMORTGAGE - WHICH? Homeowners face higher mortgage costs, but rates are starting to fall High mortgage rates could prove a shock to hundreds of thousands of homeowners looking to remortgage in 2023. In the first three months of this year, 353,000 fixed-rate [...]
CHECK YOU HAVE THE RIGHT PROTECTION IN 2023 The start of a new year is an ideal time to reassess your finances. Protection should be near the top of your list in 2023. Get protected The right protection for your unique needs is an indispensable safety net against any [...]
WHAT TO EXPECT WHEN BUYING A PROPERTY: MAKE SURE TO DO YOUR HOMEWORK - METRO Idling evenings away looking at properties with a frankly unnecessary number of toilets, armed with an unlimited budget, is far less stressful than house-hunting for real. Room dimensions, proximity to schools and transport links, [...]
FIVE THINGS TO DO NOW IF YOUR FIXED-RATE MORTGAGE IS COMING TO AN END - TIMES MONEY MENTOR More than one million households will see mortgage deals end this year, meaning a possible jump in monthly repayments. We explain how you can prepare. Interest rates have soared since December [...]
SHOULD YOU OVERPAY YOUR MORTGAGE OR INVEST? - MONEY WEEK As interest rates rise, homeowners with spare cash may be wondering if they should overpay their mortgage. Or is investing a better option? We explain which one might be best for you. Millions of households have seen a big [...]
FIXED RATE MORTGAGE DEALS ARE UP FOR 1.4 MILLION HOMEOWNERS IN 2023 - ZOOPLA If you're worried that your fixed deal is up this year, you’re not alone. 57% of people who need to remortgage in 2023 are coming off two-year deals fixed at 2% rates. Key takeaways More [...]
HOUSE PRICES SEE BIGGEST NEW YEAR BOUNCE IN THREE YEARS - RIGHTMOVE Many home-movers have already been putting their 2023 moving plans into action, with average asking prices seeing the biggest New Year bounce in three years. Our monthly House Price Index has the most up-to-date monthly data on [...]
WHAT IS LEASEHOLD? EVERYTHING YOU SHOULD KNOW BEFORE YOU BUY - IDEAL HOME Understanding what leasehold is and what it means for you as a homebuyer is crucial before you commit to buying a leasehold property. Most flats in England and Wales are sold on a leasehold basis. It’s [...]
