Discounted Rate

Harder to get a mortgage now

Harder to get a mortgage now

New rules that came into force at the end of April could make it harder to get a mortgage now. The changes have been brought in to prevent home owners taking on excessive loans and it means lenders will now look more closely at your finances. Before the financial crisis, banks were less strict about

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mortgage lending

New mortgage lending rules

The government has been tinkering with legislation again. This time in relation to new mortgage lending rules. It is a further attempt to prevent another wholesale collapse of the housing market, and simultaneously help homeowners make responsible decisions about debt. The new rules came into force on 26th April this year. Here is a simple

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discounted rate mortgage

Discounted rate mortgages

Discounted rate mortgages offer new customers cheaper rates for a fixed period of time – usually two to five years, but sometimes the entire life of the mortgage. The discount is usually a reduction of the lender’s Standard Variable Rate (SVR). So, where the usual interest might be 5%, you could get a lower rate

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help to buy

Buying or renting? The pros and cons

With the cost of buying a house rising faster than salaries and rent, it can be confusing trying to decide which option is best for you. We weigh up the pros and cons of buying versus renting. Counting up the costs Whether you are renting or buying, you are still entering into a legal agreement

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