For many, the term, “negative equity”, is likely to be synonymous with the political, economic and social culture of the early 1990s, and is a phrase that is likely to evoke fear in home-owners around the UK. Put as simply as possible, it is a situation in which a mortgage exceeds the actually value of
As the recession continues to bite, many people are increasingly investigating means of accessing finance in a manner that is cost-effective, quick and financially beneficial. Today, people are constantly bombarded with advertising that shows them how to do this, and it can be difficult to make an informed choice in the wake of such competition.
The first half of 2013 has shown us that lenders are starting to relax their strict lending criteria, offering higher loans and revamping their product ranges. This year they’re offering credit-hungry consumers the best packages since the credit crunch began. A secured loan offers an alternative option to remortgaging and gives brokers more choice to
What does a Conveyancer do? Buying a house can be a tricky business and is one of the major stresses we face in our lives. The process of transferring ownership of a property has many legal aspects to be dealt with and should only to be handed by a professional in the field. This is
It sounds like the perfect solution to an age old problem of being equity rich and cash poor in retirement – sell part or all of your home to an equity release company, have the cash to spend while you can enjoy it and the equity release company re-coup the money on the sale of
Getting a mortgage these days can be pretty tricky, with banks tightening up their conditions for lending and in turn forcing customers to save up larger deposits, have impeccable credit history and stable employment to get the best deals. Once you have battled your way through the ‘screening’ process, the hard work doesn’t stop there.