Six things to check before you apply for a mortgage

Applying for a mortgage can be a daunting prospect, whether you’re buying your first home, looking to take a step up the ladder or remortgage. With so much hinging on being approved for a mortgage, it makes sense to improve your prospects as much as possible beforehand. A mortgage application being rejected can seriously affect your plans. You may not be able to move to the house you’d hoped or find yourself paying more than anticipated in...

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The pros and cons of choosing a longer mortgage term

With property prices rising and many young adults struggling to get on the property ladder, mortgage lengths are increasing. More mortgage products that allow homebuyers to spread repayments over a 40-year period are on the rise. It can be an effective way to reduce outgoings each month, but it does come at a cost. Research from Moneyfacts found that over half of all residential mortgage products have a standard maximum mortgage term of up to 40...

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Six alternatives to borrowing from the Bank of Mum and Dad

It's well known that first-time buyers are struggling to get on the property ladder. One of the biggest hurdles is pulling together the deposit needed to secure a mortgage. As a result, it's not surprising that more aspiring homeowners are turning to parents for financial support. According to Which?, nearly one in four potential first-time buyers are relying on the Bank of Mum and Dad to fund their mortgage deposit and get on the property ladder....

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Should you fix your mortgage rate?

Interest rates are low, and the shape Brexit will take is still largely unknown, especially when you consider the impact it could have in the long term. However, it’s anticipated that interest rates will start to rise in the near future. It could mean repayments on debts will being to creep up soon. As your mortgage is likely to be the largest debt you have, rising interest rates could have a significant impact on your monthly outgoings....

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