Category: Mortgages

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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