Mortgage

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Should you remortgage to pay off debt?

If you’re struggling with debt, remortgaging could help you pay off existing loans, but it’ll probably cost you a lot more in the long run. Before you do anything, get free, confidential advice from a debt advice service to see where you stand and what your options are.

How a joint mortgage affects your finances

A joint mortgage is a loan taken out by two people who want to buy a property together. Everyone named on the mortgage is responsible for repayments, but you can choose how you share the equity.

Sneaky tricks used by homebuyers

If you’re planning on selling your home or buying a new one, it’s important that you know what tricks are being used in the property market. Some of them are smart tactics which you may want to use yourself, but others need to be addressed with the buyers so you don’t get tricked into lowering the asking price of your home.

Don’t move home without reading this

Did you know that moving home is considered one of the hardest life changes you could ever make? And, unfortunately, there are some people out there who want to make it harder. This is because there’s a lot of money involved in the property market, and if you’re not careful, you could end up in a difficult situation where you end up being stung.

A guide to the different types of mortgages

When choosing a mortgage, interest rates and fees aren’t the only factors that you need to be aware of. There are two main types of mortgages – fixed rate and variable rate. Fixed rate means the interest you’re charged stays the same for a set number of years. Variable rate means the interest on your mortgage can change.

5 ways to increase the value of your home

If you’re planning on selling your home and want as much money as possible from the sale, it’s important that you understand how to increase its value. There are obvious ways to do this - like having a new bathroom fitted - but they can be expensive and time consuming, so we’re going to stick to the simple things.

Will I have to pay stamp duty?

There are all sorts of costs to consider when buying a new house, besides the actual cost of the property itself. There are moving costs, legal fees and of course stamp duty.

Why there's more to a good mortgage than a low interest rate

When you’re buying a property, working out which mortgage is best for you is a big decision. For many people, the main thing they look for is the interest rate, as this will play a big part in determining how big the monthly repayment will be.

Negative equity: what is it, and how to avoid it

House prices fell by almost 3% in January according to the Halifax house price index, while over the last three months they have dropped by around 0.8%. With Brexit almost upon us, and the potential difficulties that will bring, it can be a nervy time for homeowners.

Why stretching your mortgage term is dangerous

While mortgages have traditionally been offered over 25-year terms, this has started to change in recent years. According to data from Moneyfacts, the number of mortgages with a maximum mortgage term has jumped from 1,118 to 2,221 since 2014.

How to cut home moving costs

Latest figures from Lloyds Bank have found that the average cost of moving home is now £12,110 - up by £486 on last year. But there are ways to keep escalating costs under control.

How to get a mortgage if you’re self-employed

Getting a mortgage if you’re self-employed may be harder but it certainly isn’t impossible. Ultimately, you need to prove that you have a reliable income and there are loads of ways you can do this – you may just need to try a bit harder. We’ve rounded up the best advice on how to secure a mortgage if you’re self-employed.