Category: Loans

Affordability Tests for Remortgaging - How to Pass.

Are you preparing for a remortgage? While the landscape shifted with the Bank of England’s rule changes as of August 1st, 2022, the essence of what lenders scrutinise remains pivotal in securing a mortgage loan. They were known as Affordability Tests for Remortgaging. Whether you’re sticking with your current lender or exploring new options, one… Read more »

The Coronavirus & Your Mortgage? Struggling to Pay Your Mortgage?

Many are worried about the UK impact of the coronavirus on their ability to pay their mortgage. Most banks in Britain should offer those struggling a three-month ‘holiday. We answer some of the most common asked questions about mortgages and how they are affected by the coronavirus.  Are you struggling or looking for a new… Read more »

A No-Nonsense Guide of Special Features for Mortgages in Britain

Mortgage Advice Services understand there are so many mortgage deals on the market, it can be difficult to know which one would best suit your needs.  To help demystify this big decision, we have written no-nonsense articles about various mortgage types and features. In this article we explore examples of important special features for mortgages in… Read more »

Fixed or Variable?  Your No-Nonsense Guide to Mortgage Rates

Mortgage Advice Services understand that choosing which type of mortgage would best suit your personal circumstances is a really big decision, and one of the most important decisions to make is what kind of interest rate option would suit you best? There are lots of different types of deal available, but they are roughly divided… Read more »

Can Paying More mean Paying Less? Overpaying Your Mortgage?

Still wondering when to overpay? If you’re overpaying your mortgage, you don’t just get the advantage of paying interest on a smaller amount of debt. Overpaying also means your loan to value ratio falls faster. And if your LTV falls, it means when it comes to remortgaging, you may be able to get a cheaper… Read more »

Avoiding Bog-Standard Variable Rates; Remortgaging after Introductory Deals Expire

Many of the most attractive mortgage packages only last a short amount of time; often two, three or five years, after which homeowners are typically moved to their lender’s standard variable rate (SVR) unless you remortgage onto another deal. How do SVRs work? SVRs are a type of variable-rate mortgage where payments can go up… Read more »

Need to Borrow More Money? Equity, or Not Equity, that is the Question.

Are you struggling to decide if borrowing more money or holding on to your equity is the best choice today? According to recent figures published by UK Finance, many homeowners are borrowing more money when they move to another mortgage deal.  Cited by the consumers’ association Which?, UK Finance’s data indicates a 9% year on… Read more »

6 Solid Reasons for the Surge in Popularity of the 10-Year Remortgage Fix

Research shows that now more than a third of homeowners with mortgages would consider a 10-year fixed remortgage product. If the idea of such a long fix sounds daunting, read on. You might change your mind – particularly if you’re settled and pretty sure of staying put over the next decade. Over recent years, two-year… Read more »

Is it Worth Remortgaging to Extend Your Home in 2019?

Research shows there has been a 400% increase in the number of people improving their homes over moving in the last five years. More people now are looking at clever ways to alter their existing property to meet their changing needs. This could be extra space for a growing family or a home office. The… Read more »