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
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
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
When it comes to buying a property, the easy part is finding the house of your dreams. It can get much more complicated when you put in an offer and negotiate on the price. Most of us aren’t that comfortable with trying to get a reduction, so where should you start when making an offer?
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
Price Comparison sites exist in many guises, as they can be used to compare prices and quality of almost any consumer product, however when we talk about comparison websites the most common, and altogether best known, are the financial services sites that pepper our televisions, phones and e-mails all day long. So how do Price