While mortgage brokers need to be registered with the Financial Services Authority in order to advise clients on residential mortgages, no such rule exists for buy-to-let mortgages. This is because buy-to-let mortgages are regarded as commercial loans ...

After a long period of low interest rates, soft lending criteria, and a strong property market, UK mortgage products have enjoyed a period of prosperity as never before. However, several incidents have occurred recently which have thrown the market into d...

The sub-prime mortgage crises has claimed several scalps in the US but has so far failed to heavily affect the rest of the world. It is safe to say, however, that mortgage industry analysts are waiting with bated breath to see whether the UK financial mar...

Selling your home privately can be an excellent way of saving on costs. Selling a property can attract a number of costs that can be difficult to cope with when combined together meaning that sellers may opt for a private sale in order to save money. T...

On face value it can appear as though selling your home privately does not make financial sense. This is particularly the case where you are offered a price that represents a large discount off the price you wish to achieve on the open market. However,...

If you have decided to sell your house privately and avoid the hassle and expense of employing an estate agent you may need to give your home a makeover first. Selling your home by yourself can be a great idea however it may require a through clean and so...

Interest only mortgages allow borrowers to reduce their monthly mortgage payments by only paying interest on the outstanding loan balance. Capital repayments are not made on a monthly basis with interest only mortgages. Instead, the payment of the capi...

There are several different types of methods for interest to be charged on mortgages. Tracker mortgages have a variable interest rate that moves roughly in line with the Bank of England Base Rate (BoEBR). Another popular type of interest rate is a fixe...

In recent times, Independent Financial Advisors (IFAs) have been used by many people as an alternative to mortgage brokers. The main reason for this is that there is a crossover between the services they offer. IFAs and mortgage brokers usually receive...

The lure of becoming self-employed and no longer having to answer to your boss is strong in the mortgage industry. A high proportion of mortgage brokers eventually leave their positions of employment to practise advising on their own once they gain the sk...

The latest trend in the mortgage market has been an increase in the number of borrowers taking out a 100% mortgage. This means that the loan-to-value ratio of the mortgage is 100% rather than the 85% or less normally attached to more traditional mortgage ...

A current account mortgage is a type of flexible mortgage product that combines several financial products into one single account. As with any other mortgage product, a current account mortgage will be secured against the borrower’s home. Current ac...

Capped rate mortgages have variable interest rates that will not rise above a certain upper limit. The interest rate can rise or fall during the term of the mortgage, however it will not rise above the capped upper limit. Interest on capped rate mortga...

If you are trying to stop repossession of your property, there are several things you can do to help the process. First and foremost, you should take good care of the property. One of the worst things you can do if you are trying to stop repossession i...

Fixed rate mortgages offer borrowers the ability to help budget for household expenses more accurately because they have an interest rate that remains constant for an agreed portion of the overall term of the mortgage - typically between one and five year...