Until the banking crisis in 2008, lenders were virtually throwing money at people and getting a loan or credit was practically routine. After coming under fire for irresponsible lending, they clamped down and the repercussions of that are still being felt six years later. Even now, getting refused for credit can feel like a body
Childcare costs can consume an unhealthy wedge of your monthly income, and when this reality bites many parents consider the option of Stay-At-Home-Parenting. Leaving aside the lifestyle aspects of the decision, one of the first questions to be asked is ‘Can we afford it?’. A simple calculation that deducts all monthly outgoings from just one
We all have an understanding of exactly what a mortgage is; where you gain the finances to buy a property through a bank or building society. However, it’s not always clear what is meant by a second mortgage and how this affects your initial borrowing. What is a second mortgage? A second mortgage refers to
A steady income and a small deposit used to be all you needed to get a foot on the property ladder. Then the banking crisis hit and all that changed overnight. First time buyers now face bigger challenges than ever before in securing a mortgage, but never fear – the mortgage products are still out
The country as a whole might be over the worst of the economic crisis, but that doesn’t mean that everyone has money to spare. For lots of families it can still be hard to balance the monthly figures. The biggest regular expense for most households is their mortgage, which can put a strain on finances.
If you’re a homeowner, over time your property builds up equity. You can choose to release some or all of the equity in order to receive a lump sum of money but is equity release for me? While it can seem like a great idea, it isn’t always the best option. It is a long