Exiting a fixed rate early ST

You can usually leave a fixed rate mortgage early – however, lenders usually require an early repayment charge and an exit fee.

Mortgage Charter

The UK’s largest mortgage lenders and the Financial Conduct Authority (FCA – who regulated mortgages) have agreed with the Chancellor a set of standards that they will adopt when helping their regulated residential mortgage borrowers worried about higher rates.

100% mortgages are back!

A deposit free, first time buyer, 100% mortgage is available to private tenants who feel ‘trapped’ in the rental cycle and are over the age of 21. The product is subject to affordability and credit score, plus evidence of a minimum of a 12-months good track record of a privately rental property.

Clever Mortgages sees mortgage rates drop, despite Bank of England rate increases.

Bank-of-England-interest-rates

Clever Mortgages, who arrange mortgages for all types of customers, be that with a poor or excellent credit score, has advised homeowners and potential purchasers that with fixed rate mortgages falling to their lowest levels in six months, reviewing mortgage offerings can lead to a substantial reduction of interest payments. Following the announcement from the […]

What is a fixed rate mortgage UK

What is a fixed rate mortgage UK

A fixed rate mortgage basically means that your interest rate and payments won’t change for the initial product period of your mortgage.

How does a credit score work?

Credit scores

Have you ever wondered how a credit score works? How it can affect you? Or why there are different agencies that create your reports?
Below we answer your questions and a link to a free credit report check*

What is a residential mortgage?

HMO mortgage

A residential mortgage in the UK is a loan that is used to purchase a property for use as a primary residence. The lender, typically a bank or building society, uses the property as collateral for the loan. The borrower makes monthly payments to the lender until the loan is fully repaid, which is typically over a period of 25-30 years.

Right to Acquire scheme – The ultimate guide

Right to acquire scheme

Right to Acquire is a scheme available if you are a housing association tenant in England. The scheme gives tenants the right to purchase their home at a discounted price. To be eligible for the scheme, tenants must have had a public sector landlord for at least three years.

Moving House Checklist

Moving House

Moving house checklist. Please find below our hints and tips for moving house.
Firstly, plan ahead, dont leave it until the last minute.

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