Re-mortgaging – Is it really worth it and what are the catches?

The re-mortgage market in the UK is big business for most lenders. Mortgage lenders have become increasingly aggressive with their marketing tactics over recent years as they try to hold onto or increase their market share at the expense of their competitors. In some ways this has worked to the advantage of the consumer but […]

Key questions you should ask your lender/adviser about your new mortgage

1. What different repayment methods are available? Make sure you understand the whole range of mortgages available. You should be told about capital and interest mortgages and interest only mortgages as well as the different repayment vehicles such as endowment policies, ISA’s and pension mortgages.   2. What is the interest rate that I will […]

Glossary of terms

A.S.U. – Accident, sickness and unemployment insurance (sometimes referred to as A.S.R. – accident, sickness and redundancy insurance). This is an insurance policy which is taken out by the borrower and protects against the borrower being unable to work for the stated reasons. The policy will usually pay a percentage of the normal monthly mortgage […]

Home insurance – building and contents

Considering how important our homes and possessions are to us, it’s surprising that more people don’t put more consideration into their building and contents insurance. Could you afford to replace your home if it burned down? Insuring your home is so important that most mortgage providers won’t grant a mortgage without buildings insurance; however, it’s […]

Applying for a credit card

  Applying for a credit card is no different to applying for any sort of borrowing. The lender will take your personal information, income, outgoings and any existing debt into account, including personal loans and balances on other credit cards. They will also run a check on your credit history to see if you have […]

Credit Checking and scoring

  Lenders want to make sure that you are a good risk and do not have a history of bad debts and unpaid loans behind you. To do this they will do two things. First they will check your entry on credit registers. Credit reference agencies such as Experian, Equifax and CallCredit PLC hold factual […]

The top ten credit myths and the truth behind them

  It’s now harder to obtain credit than ever, so it’s vitally important to check that your credit record is accurate and up to date. If there is inaccurate information recorded against you, it could seriously hamper your chance of obtaining credit. Check out your own credit report with a free 30 day trial below. […]

Life Insurance Guide

Introduction What will happen to your loved ones after you die? Will they be able to support themselves? Can your spouse manage the mortgage payments and ensure your children are able to attend university? Arranging life assurance cover is the best way to ensure your family is taken care of in the event of your […]