What Is A Mortgage Term?
A mortgage term is the length of time, usually in years, in which the parameters of a mortgage have legal effect. Once the term has expired, the remainder of the mortgage balance will need to …
Repayment Mortgage vs. Interest Only
When we speak with our mortgage clients, we often discuss the two main ways to pay off a mortgage – repayment mortgage vs interest only. We often find that one option suits your financial situation …
Can My Parents Assist With Purchasing A Property?
Parents can help you to purchase a property and for this you will need a joint owner sole proprietor mortgage. In some circumstances, this is the best option if you are struggling to get onto …
The Difference Between Secured vs Unsecured Loans
As financial advisors we often get asked the difference between secured vs unsecured loans. It’s important to understand the difference because there are risks with both. What is a secured loan? A secured loan is …
How long should I fix my mortgage for?
When we provide mortgage advice to our clients, we often get asked how long should I fix my mortgage for? This really comes down to the rates available from the lender for two and five …
Fixed Rate vs. Variable Rate Mortgages
When you come to decide on your mortgage offers, one of the decisions will be whether to choose a fixed or variable rate mortgage. We explain below the difference between fixed rate vs variable rate …
Mortgages For Contractors
When you become a contractor there are many advantages and disadvantages. Flexibility and independence are often the main drivers, but also the potential benefit of being self-employed on the one hand while have a healthy, …
Is now a good time to buy a house?
The question currently on many people’s minds…is now a good time to buy a house? With house prices continuing to rise, people are worried if they will get left behind if they don’t buy now. …
Why Is Having A Mortgage Better Than Renting?
We would advise that owning your own home and having a mortgage is better than renting a property. Buying a home usually offers more value than renting. Even though there are a number of upfront …
What Is A Mortgage Underwriter?
When your mortgage application is with the mortgage underwriter then you know the process is underway. When we work with a client to find the best mortgage for them it involves a number of stages …