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Articles about independent mortgage advice no (0-50 of 582)
- Mortgage Arrears And Repossession -things To Consider When Looking At Your Options
By: Michael challiner | - The first thing that a lender will do is to try to get you to agree to pay your arrears over a period of time at the same time as making your regular monthly repayments. They may try to make this easier for you by agreeing to accept interest only monthly payments or by lengthening the period of your mortgage - both of these will reduce the amount you have to pay each month. But on top of these payments you will have to start repaying your arrears.
So the cardinal rule is don't agr ...
Tags: mortgage, debt, management, plans, advice, help, solutions, online
- Is It Time For A Fixed-rate Mortgage Deal?
By: gareth flanagan | - Now is probably the best time to change your mortgage deal to a fixed-rate before the interest rates shoot up again.
Now that the Bank of England base rate is held at 0.5% for the second month running, the experts say the only way is up.
This means that if your mortgage is linked to the Bank of England base rate, for instance if your are on the lender's standard variable rate or have a tracker or variable mortgage, your monthly payments will increase as the base r ...
Tags: Fixed rate mortgage, fixed rate mortgage deals, fixed mortgage rate, best fixed rate mortgage
- How Can Landlords Survive The Credit Crunch?
By: Mary Waring | - Doom-mongering headlines about the housing market have understandably led to some landlords becoming increasingly concerned about their financial situation.
In light of this, the following tips have been provided by the National Landlords Association, offering advice on how to survive the credit crunch.
** Research, research, research **
Thoroughly research the rental market in your area to make sure you are charging the right level of rent and not pricing y ...
Tags: buy to let property, buy to let investment, property investment, property portfolio, mortgage advice
- Insider Tips To The Best Mortgage Deals
By: David Farrell | - Many people interested in a mortgage will head to their current bank for their mortgage options. However, banks that are competitive in their rates and terms for deposit accounts may not be so efficient at providing the best mortgage deals. A mortgage is a big investment and it pays to shop around for the best rates and terms. While you can do the legwork on your own to find the best mortgage deals, it can take a lot of time and effort on your part to find the right product for your needs. Many ...
Tags: best mortgage deals, mortgage broker, mortgage advice, mortgage deals
- Libor Remortgage - Should I Look At This Kind Of Mortgage?
By: Jason Haines | - If you are looking to remortgage your home for any purpose you need to first decide how much you want for your remortgage. Remortgages work by borrowing against your home, for instance if your home is worth 100,000 but you only have a 45,000 current mortgage you could, in theory, take out a remortgage for 90,000 (90% of the value of your home is the maximum mortgage available currently in 2009), leaving you with 45,000 left over once you have paid your current mortgage off. However the amount yo ...
Tags: mortgage payment calculator, online life insurance quote
- Isa Mortgage - Are They To Risky A Way Of Paying Off A Mortgage?
By: Jason Haines | - When you look to take out a new mortgage it is not just how you pay back the interest to the lender you must consider, but how you aim to pay back the capital you have borrowed. There are four main ways to repay the mortgage, capital and interest, endowment, pension and ISA.
An ISA mortgage is a type of mortgage that is based on an interest only with an ISA investment plan which is used to pay off the mortgage at the end of the mortgage term. An ISA (Individual Savings Account) ...
Tags: remortgage, mortgage protection insurance
- What Will A Mortgage Lender Give Me For A New Mortgage?
By: Jason Haines | - If you are looking to get a mortgage one of the first questions you will need to know the answer to is how much can I borrow? Once you know this you are in much better position to find the right mortgage and property for you. Obviously, like with any loan the amount you can afford to borrow for your mortgage depends on several things - your circumstances, if you are buying a house by yourself or with someone else, your credit score, your deposit and your income.
Most mortgage lenders will ...
Tags: remortgage, mortgage protection insurance
- Right To Buy Mortgage - Is Now The Time To Buy My Council House?
By: Jason Haines | - As property prices continue to fall many council tenants may consider that the time is right to purchase their home under the right to buy scheme.
If you are a council tenant and have lived in your home for a minimum of two years you could be eligible for a right to buy property. These are discounted purchases in which the discount increases for each year that the tenant has been a council tenant in that property. If a borrower is eligible they can usually, depending on their loc ...
Tags: mortgage repayment calculator, income protection
- Adverse Credit Mortgage - Will I Always Have To Have One?
By: Jason Haines | - People with adverse credit often mistakenly think that they will not be eligible for a mortgage due to their credit problems. However this is not always the case as there are adverse credit mortgages that can help to get you on the property ladder should your credit rating not be perfect.
An adverse credit mortgage can be the stepping stone to obtaining a standard mortgage in the future as your credit rating repairs itself with each met mortgage payment. So if you have CCJs, a his ...
Tags: bad credit mortgages, adverse credit mortgage, income protection Insurance
- Best Buy To Let Mortgage - Where Can I Find A Good Deal?
By: Jason Haines | - Property is big business and many people today are considering renting out a property in order to get extra income and to have an investment for the future. If you would like to be a landlord and don't have large amounts of savings you will need to get a mortgage on the property that you intend to rent out and this type of mortgage is known as a buy to let mortgage.
A buy to let mortgage is often an interest only mortgage where the repayment is met by the rental money with the rem ...
Tags: Buy to let, let to buy, best buy to let mortgage
- Fixed Rate Mortgages - Should You Buy A Home In 2009 With A Fixed Rate Mortgage?
By: Jason Haines | - With interest rates all over the world at an all time low, 2009 is possibly the best time to consider entering the property ladder or moving home. The credit crunch has meant that property prices in the UK have dropped on average by 20% since there height in the summer of 2007. This means that as property prices have now virtually reached the bottom and based on recent mortgage lending data that shows new lending approvals up by almost 31% on February's figures, now could be the time to buy.
Tags: mortgage types, fixed rate mortgages
- Adverse Credit History - Does This Mean You Cannot Get A Mortgage?
By: Jason Haines | - Every person who applies for a credit card or other credit agreement will have a credit history, in fact today it is virtually impossible not to have a credit history. On your credit history you will have things such as your payment history and any defaults recorded. Each time you miss a payment or are even late with a payment on any credit agreement the chances are that it will be put on your credit history.
This credit history is then used when you apply for any form of credit, ...
Tags: bad credit mortgages, adverse credit mortgage
- Fixed Rate Remortgages - Should I Fix My Mortgage Or Wait?
By: Jason Haines | - With interest rates at an all time low many people coming to the end of their mortgage deal be it a fixed rate or a discounted rate are finding that their mortgage payments are amazingly low. Many mortgages taken out in the last five years offered customers a tracker rate at the end of their deal period instead of the lenders variable rate. This has given many people a difficult dilemma, do I remortgage now or wait and see what happens?
The fixed rate option
There are many ...
Tags: remortgages, mortgage life insurance quotes
- I Have A County Court Judgement - Does This Mean I Cannot Get A Mortgage?
By: Jason Haines | - Getting into financial difficulties can be very easy, but getting out of them can be extremely hard, especially since with a poor credit rating you are automatically thought of as being a bad risk in terms of further credit. If you have a CCJ it can be even more difficult to obtain credit and getting a mortgage may seem like a pipe dream. A CCJ or County Court Judgement is the result of a person defaulting on a credit payment plan and as a result the debt is taken to court for settlement. In cou ...
Tags: mortgage calculator, family income benefit
- Endowment Mortgage - What Is An Endowment Mortgage?
By: Jason Haines | - An endowment mortgage is a type of mortgage that is interest only with an endowment plan taken out to save money to pay off the mortgage at the end of the term. Each month a person with an endowment mortgage will make a payment to a life insurance company who will invest that payment into a savings plan, or endowment. An endowment plan has life insurance built into it so that if the person with the endowment dies during the mortgage term the mortgage will be paid off.
There are t ...
Tags: mortgage lenders, life insurance quote
- Default Mortgages - Can I Get A Mortgage With A Default?
By: Jason Haines | - Many people assume that if they have a poor credit rating due to missing a payment or two on a credit agreement they can find it hard to get a mortgage. Once a payment on a credit agreement is missed it will get registered on your credit file for six years, unlike a CCJ, which if paid within 28 days of the judgement gets removed from your file. This means that any missed payments will affect your credit for six years before it is back to normal and this can mean you are turned down for mortgages ...
Tags: mortgage rates, mortgage protection
- Adverse Credit Mortgage Advice - Should I Be Paying A Fee?
By: Jason Haines | - Anyone who has had adverse credit will tell you how hard it can be to get on to the property ladder due to their poor credit rating. Many mortgage lenders only want to lend to people who have a 'clean' credit rating with no blemishes on it, but life isn't always like that. From time to time people can and do end up with adverse credit. This can be due to missing payments on a credit agreement after losing their job, being sick or some other valid reason. However mortgage lenders do not want to k ...
Tags: Mortgage comparison, life insurance online
- Flexible Rate Mortgages - Should I Over Pay My Mortgage?
By: Jason Haines | - If you have a changing financial situation then maybe a flexible rate mortgage is for you. This is type of mortgage that will allow you to alter the amount you pay each month, for example if you can overpay or underpay on your repayments or even miss a payment in certain circumstances. You can also borrow money against the money you have already paid to your lender.
One new type of flexible mortgage that is on the market is the current account mortgage that will offset any money t ...
Tags: remortgages, mortgage protection insurance
- Interest Only Mortgages - Are They Still Available In 2009?
By: Jason Haines | - An interest only mortgage works by allowing the borrower to only make interest repayments to their mortgage lender, to pay off the cost of the interest during the mortgage term. However as well as having an interest only mortgage you will need to ensure that you have another means off paying off the mortgage amount. This can be a separate pension, an ISA (Individual saving plan) or an endowment and does not have to be provided by the mortgage lender.
In recent years many people th ...
Tags: remortgages, mortgage protection insurance
- What Is An Independent Financial Adviser And How Can They Help?
By: gareth flanagan | - Independent Financial Advisers (IFAs) are professionals who provide financial advice to clients and recommend strategies and financial products in areas like wealth management, insurance, mortgages, loans, pensions and annuities, and investments.
They are referred to as independent because they are not tied to advising on or selling products from any particular company.
In the UK independent financial advisers are registered with and regulated by the financial watc ...
Tags: financial advice, financial advisers, ifa, independent fiancial advisers,
- What Exactly Is A Mortgage Broker And Why Should I Use One?
By: Jim Thornton | - Are you undecided about using the services of a mortgage broker or sceptical as to what a mortgage broker can do for you? The purpose of this article is to clarify the many advantages and benefits you will receive when using the services provided by mortgage brokers in Canada. I am optimistic that after reading this article Canadians will have a much better understanding about the services provided by a mortgage broker, and will consider using a mortgage broker for their mortgage financing need ...
Tags: Ontario Mortgage brokers, Canadian mortgage brokers, mortgage broker, mortgage agent, mortgage representative
- First Time Buyer Mortgage Application Guide
By: Jerry Figueroa Lee | - Buying a home and arranging a mortgage is said to be one of the most stressful experiences we can have in live, yet it doesn't need to be. No matter whether you are a First Time Buyer or moving home, the step by step guide that follows will help ensure that your mortgage application runs smoothly.
Step 1 - Contact an independent mortgage adviser
Buying a home can be one of the most exciting experiences as well as one of the most daunting. With thousands of fixed, tr ...
Tags: mortgage application, conveyancing, first time buyer, independent mortgage advice
- Principals And Principles - Nothing Confusing Here
By: J Donaldson | - The principles of contract and principles of agency - what? I know, It sounds boring but don't click off! You really should know about both of these if you're into buying or selling a property in the UK, or have used or maybe intend to use the services of an estate agent, or are looking at taking out a mortgage loan.
We all know borrowers are one side of the mortgage equation with lenders being the other part. Simple enough. Easy to understand.
However, geting a mor ...
Tags: which mortgage advice, bad credit mortgage advice, mortgage
- Trusted Mortgage Advisors Take On The Mortgage And Financial Bailout
By: Andre Savoie | - Most of the country woke up to headlines of outrage to the $700B rescue plan.
After Bush went live last night, now after a year America was slapped in the face and the outrage based on most newspaper headlines is at extremes. Once again the media played to the mass hysteria and bad news reporting. Can't say it enough, the media is not helping here. Most articles this morning brought in those that have other ideas and are not only opposed to the Treasury's plan but don't have their ...
Tags: Real Estate, Home mortgage, mortgage advice, finance, mortgage advice
- 5 Reasons Why Mortgage Advice Services Are Essential In Today"€™s Climate
By: Alan Hall | - With the global credit crunch hitting the headlines day after day, if you are searching for a mortgage a new landscape has developed.
With the withdrawal of 100% mortgages in the UK, and some lenders actually ceasing to take on new mortgage business, it can be harder to find the best deal for you. Especially if you have adverse credit or are self employed, then finding a lender can be difficult. So in todays market, mortgage search services can help in the following ways:
Tags: Remortgages, buy to let, independent mortgage broker, adverse credit, flexible mortgages, right to buy
- Repayment Mortgage Or Interest Only That Is The Question.
By: Chris Clare | - Peoples perception of finance and loans has changed quite considerably over the last decade or so and, with so many lenders offering what would appear to be bargain deals, getting finance is something that is often entered into with little regard for the monetary consequences. Look at the amount of people who opt for interest only mortgages over repayment mortgages. But if money is borrowed it will have to be paid back at some stage. What this article aims to do is show the ways that mortgages c ...
Tags: mortgages, mortgage, repayment mortgages, interest only mortgages, endowment mortgages, mortgage advice, finance, homeloans, realestate, mortgage advice, mortga
- How Much Can I Borrow?
By: Chris Clare | - One word you may encounter when applying for a mortgage is affordability. To try to explain this term further, it obviously is determining whether or not you can afford the mortgage, but it is also looking at whether you can afford the mortgage according to the mortgage lender.
Affordability can be a very subjective thing, what one person feels is affordable another may not. This in turn can present a problem for lenders in so much as how they assess one persons ability to afford ...
Tags: mortgages, mortgage, repayment mortgages, interest only mortgages, endowment mortgages, mortgage advice, finance, homeloans, realestate, mortgage advice, mortga
- The Credit Crunch
By: Leon | - The credit crunch has followed woes in the US adverse lending sector, which specialises in supplying finances to people with bad credit histories or who are on low incomes. This lowers money supply, which amplifies a recession effect.
Experts are increasingly worried that the credit crunch in the adverse mortgage market could spread into personal loans. A credit crunch is what can happen when banks start storing cash.
Investors are concerned that fallout from the credit ...
Tags: Independent advice, mortgage broker, mortgage advice, mortgage adviser, mortgage advisor, Big mortgage, mortgage deal, best mortgage, remortgage, loan
- The Self Certified Mortgage
By: Leon | - The concern with this is that income may be over inflated to achieve a higher loan. The self cert lenders have potentially found though that there have been no more repossessions with this type of lending than with full status lending. Self cert is not an excuse to inflate income to achieve a loan as the loan must be serviced comfortably within the realistic standard income multiples.
An example of self cert is where a person has various sources of income that may wildly fluctuate over ti ...
Tags: Independent advice, mortgage broker, mortgage advice, mortgage adviser, mortgage advisor, Big mortgage, mortgage deal, best mortgage, remortgage, loan
- Home Insurance Explained
By: Leon | - You may have to produce the paper work before hand as evidence or sign that you have this in place before mortgage completion. On a purchase, property insurance must be in place on exchange of contracts, so even before you actually move in, as your are then at that point legally bound to the property.
The rebuild cost of your home is the cost to totally rebuild your home from new. An example of this would be if your house burnt down then the cost would have to cover clearance of the plot ...
Tags: Independent advice, mortgage broker, mortgage advice, mortgage adviser, mortgage advisor, Big mortgage, mortgage deal, best mortgage, remortgage, loan
- The Story Of Debt Consolidation
By: Leon | - This would normally be done by re mortgaging and raising capital to pay off all the lenders in one go. Due to the recent large increase in house prices more people have equity in their property which they may wish to free up. Servicing your debts is simpler and easier to control all under one lender. This can amount to making huge monthly saving but caution should be taken before consolidation as there are some potential drawbacks that can be associated with consolidating these types of debts.< ...
Tags: Independent advice, mortgage broker, mortgage advice, mortgage adviser, mortgage advisor, Big mortgage, mortgage deal, best mortgage, remortgage, loan
- Getting Mortgage Advice
By: Leon | - This will be probably, the biggest financial commitment you will make so helpful guidance is essential. It is important not to over stretch yourself and plan that your future borrowing can be met and suits your needs.
Subject to satisfying the individual lenders criteria a lender may offer to lend money to purchase a property in the form of a mortgage. A residential mortgage which is a loan secured on your new home means that if you are unable to service the loan they own a large percenta ...
Tags: Independent advice, mortgage broker, mortgage advice, mortgage adviser, mortgage advisor, Big mortgage, mortgage deal, best mortgage, remortgage, loan
- Why Take Out A Fixed Rate Mortgage
By: Leon | - Fixed Rate allow you the comfort of knowing that your interest rate will not change during the term selected. They are helpful because they allow you to predict what your housing payments will be in the future. A fixed rate mortgage makes it easy to plan ahead, because as the name suggests, the interest rate on your mortgage stays fixed.
A fixed rate deal is a mortgage that has a set unchanging mortgage interest rate for a given term. This in some deals can be over the whole term ...
Tags: Independent advice, mortgage broker, mortgage advice, mortgage adviser, mortgage advisor, Big mortgage, mortgage deal, best mortgage, remortgage, loan
- Uk Credit Crisis
By: Leon | - As lenders look to be stricter with under writing policies a person could be labelled a high credit risk and adverse because of a minor financial error in their past.
Lending standards are tightening significantly, the tipping point is not yet at hand so far, creditworthy borrowers do have access to credit. But lending policy is reducing high loan to values, increasing credit checks and rejecting more high risk business.
Currently stricter credit controls for borrowers sh ...
Tags: Independent advice, mortgage broker, mortgage advice, mortgage adviser, mortgage advisor, Big mortgage, mortgage deal, best mortgage, remortgage, loan
- The Discount Mortgage Loan
By: Leon | - They work by having for a period of time the "discount period" a set percentage discounted from the standard variable rate or the bank base rate normally off their standard variable rate or bank base rate. So if the bank of England base rate rise or fall lenders will usually adjust their mortgage rate, however the agreed discount on the product will apply to the revised rate until the end of the incentivised period. Then the rate will revert to the lenders standard variable rate.
For the ...
Tags: Independent advice, mortgage broker, mortgage advice, mortgage adviser, mortgage advisor, Big mortgage, mortgage deal, best mortgage, remortgage, loan
- The Facts About Mortgage Payment Protection Insurance
By: Leon | - The result would be very onerous as mortgage arrears can lead to repossession and give you a poor credit history. To protect yourself with Accident Sickness and Unemployment insurance also known as ASU or mortgage payment protection insurance, it may help you for up to one or two years until you are able to return to work.
There is a good chance that you will require the protection offered by this type of policy throughout your working life especially during the time you have an outstandi ...
Tags: Independent advice, mortgage broker, mortgage advice, mortgage adviser, mortgage advisor, Big mortgage, mortgage deal, best mortgage, remortgage, loan
- 125% Mortgage Loan
By: Leon | - So changing circumstances can adversely effect your ability to service the loan. It must also be realised that although you may wish to consolidate unsecured debt for example credit cards and loans you will be placing unsecured debt on to a secured loan.
A typical example might be where 95% of the mortgage consists of a secured loan on the property and the rest, the extra 30 % is an unsecured loan. The two amounts will normally be at the same rate which could be for example fixed or varia ...
Tags: Independent advice, mortgage broker, mortgage advice, mortgage adviser, mortgage advisor, Big mortgage, mortgage deal, best mortgage, remortgage, loan
- Fixed Rate Mortgages The Pros And Cons
By: Chris Clare | - As a consumer you will find that there are a lot of different types of mortgages available to you, and as such it can be very difficult for you to choose the right one that best suits you. However when you do not quite know what lies round the corner one solution can stand out from the rest and that is a fixed rate mortgage. On fixed rate mortgages you will find that the rate that you pay is secured for a set period of time. There can be benefits to this and there can be disadvantages this artic ...
Tags: mortgages, mortgage advice, mortgage, mortgage advisers, mortgage advisors, mortgage calculators, fixed rates, fixed rate mortgages, repayment mortgages, inter
- Mortgage Advice Is It Worthwhile?
By: Chris Clare | - It is a truth often spoken that a house is the biggest purchase you will ever make. The experience is both daunting and exciting, opening up possibilities and prospects for the future. Because of the minefield of options and considerations it is extremely important to get the best guidance from people who have not only done it themselves, but have smoothed the process for other people.
Quite a lot of interesting factors affect you when taking out a mortgage and all these have to b ...
Tags: mortgages, mortgage, finance, homeloans, realestate, mortgage advice, mortgage advisors, mortgage advisers, mortgage advisor, mortgage adviser, financial servic
- Mortgage Advice For Modern Man
By: Shaun Parker | - Mortgage advice, loans, pensions, tax, investments and savings. All a relative minefield for todays average person looking to secure the future for themselves and their offspring. But this is clearly no new predicament.
Honey, Im pregnant - again - for the eigth time! Not the sort of welcome home many men wish to hear these days but imagine going back a few thousand years to that homecoming. Fine dear, let me count the spare camel, sheep, chickens bags of grain, limbs etc. I can s ...
Tags: mortgage, advisor, investments, banking
- How To Obtain The Best Offset Mortgage
By: Jan Norman | - This article will briefly discuss what an offset mortgage is; and how an independent mortgage advisor can help you buy the best offset mortgage.
An offset mortgage links your main current account and/or savings accounts to your mortgage. Every day or month, the amount owed on your mortgage is reduced by the amount in these accounts, before the interest is calculated on the loan. When the money in your savings/current account increases, you pay less on your mortgage. If the money i ...
Tags: best offset mortgage, offset mortgage, offset mortgages, mortgages
- Mortgage Tips For The Frantic
By: T. O Donnell | - It's a curious fact of human nature that people will haggle over the price of an umbrella, but buy a house on a whim.
We understand small amounts of money; we know what they can buy. 400,000 quid is harder to grasp; you can't fit it in your pocket. The desire to acquire, combined with the stress of the purchase, can make people do funny things. With this in mind, here are a few tips to review when getting a mortgage.
Watch out for the 'Deal Of A Lifetime', the deal ...
Tags: mortgages UK, UK mortgage, mortgage tips, mortgage advice, mortgage UK, mortgages
- How To Find Your Best Mortgage Deal Online
By: Shaun Parker | - Whether you are looking to find your first home, take on a council property under your "right to buy", consolidate your debts, find property abroad or finance a self build, there is a mortgage advisor out there who will be able to help.
There are even specific mortgage arrangements for those who have an adverse credit rating such as those with a County Court Judgment against them. Mortgage advice should also range to related matters such as conveyancing, stamp duty, life assurance ...
Tags: Mortgage advice, Mortgage brokers, Financial advice
- Mias Calls On Mortgage Lenders To Fix Their Exit Fees
By: Mr Hanna | - MIAS, the Mortgage and Insurance Advisory Services (http://www.mias-ltd.co.uk ), is concerned that, despite the recent publicity and various campaigns in the press, borrowers are still being stung by punitive exit fees.
Lenders charge exit fees when customers redeem their mortgage in full, for example, by switching their mortgage to a rival lender. Exit fees can also be termed administration charges, sealing fees or deeds-release fees and are raised to cover the cost of taking pro ...
Tags: mortgage lenders, mortgage advice, independent mortgage advice, mias
- Types Of Mortgage
By: Baymaster | - Buying a home is one of the biggest commitments you will ever undertake. So choosing your mortgage does take thought. Take some time to consider what mortgage is right for you? After all its your money you will be spending so, I would recommend utilizing it in the best way possible.
The kinds of mortgage available to you
There are thousands of different mortgages on the market at the moment, all offering something different, something similar but essentially off ...
Tags: complete guide to mortgages, mortgage advice, best mortgage, buying house, selling house
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