Will home loan interest rates go down in 2024?

There are of course many predictions which are consistently made about the interest rates: whether they will go down, when they will go down, and whether they will look better in any particular year. On the whole, these questions are all leading up to the bigger question of whether people should wait to buy their […]

Why are mortgage rates going up?

Anybody who has been keeping up to date with the interest rates in the UK, will have noticed that they have increased. As a consequence, this has affected mortgage rates. The reason for why interest rates have increased is because inflation is too high, so this is the best way to lower inflation. In turn, […]

Which is better: in-house or bank financing?

In order to help the many people who do not have sufficient cash to purchase a property outright, there is the option to apply for a loan. Nowadays, in addition to traditional bank financing, there is the option to apply for in-house financing. So, what are the differences between the two, and which one would […]

What should I know about financing a house?

Making the decision to finance a house is not one that should be taken lightly. It is a big investment which requires preparation and financial security to ensure that you can pay back your loan. The process can seem initially quite overwhelming and like a lot to take in. So, what are the most important […]

What mortgages are available for pensioners?

When you apply for a mortgage, there are many factors that lenders will take into consideration before deciding whether to give you an offer. For instance, your credit score, income, and expenditure. One criterion which people may be surprised to hear is that even age can be a factor in whether you can get a […]

How do mortgages work when you are on benefits?

For individuals who are on benefits, there are in fact several choices available for you when it comes to claiming a mortgage. The options open to you will depend on whether your benefits are an additional payment on top of your salary, or if you rely solely on benefits. Today, we will be discussing the […]

How do mortgages work when moving house?

Making the decision to move home is not one that should be taken lightly. There are many things that you need to sort out, decide and remember. With all of these things, the last thing you want to be worrying about is that to do about your mortgage. So, what are the options you have […]

How are mortgage rates determined?

Like almost all loans, mortgages also have an interest rate. This is the percentage which is charged in addition to the amount that you owe and it is paid to the lender for the services. For buyers, it is vital that you do your research to determine all of the potential interest rates which you […]

Can mortgages be paid with credit cards?

The simple answer to this question is, yes, you can in fact use your credit card to pay your mortgage, provided your card issuer, card network, and mortgage lender agree to it. Whilst it is indeed possible, this does not mean that it is the best option, and you should definitely consider the alternative options […]

Home loan vs rent: do I rent or buy?

Whilst many people do in fact want to own their own home, it is oftentimes not financially feasible for them to afford this. Therefore, many people may instead choose to rent rather than going through the process of applying for a mortgage. In addition, taking on a long-term loan is of course a big responsibility, […]