Loan.co.uk recently asked 2,000 British men and women what they would do with £50,000 to spend? The question comes just a month after Patrick and Frances Connolly from Northern Ireland were revealed as the winners of the £115 million New Year’s Day Euro Millions...
Buy to Let Loans
Interested in buying a property to rent it out to tenants rather than living in it yourself? You’ll find noteworthy articles and resources on buy to let mortgages here.
Should you remortgage to finance home improvements?
Contents What are my options for funding home improvements? Remortgaging for home improvements When is it a good option to remortgage? When is it a bad idea to remortgage? Homeowner loans for home improvements When might a homeowner loan be a better option than...
Can filling out a tax return late affect my mortgage application?
Self Employed? You will need your SA302 to buy a home Over 5.5 million UK taxpayers have less than a month to submit their Self-Assessment tax return. The deadline is 31 January and HMRC has warned that a penalty will apply for those who do not meet the deadline. The...
Is this the beginning of the end for so-called ‘loyalty penalty’ charges?
The Competition and Markets Authority (CMA) has taken a close look at how companies are penalising customers for sticking with companies rather than moving to better deals You would probably assume that most businesses would reward their most loyal customers by giving...
Island For Sale, Offers Around £6 Million
Plymouth’s historic Drake’s Island fortress on sale for £6m The entire island is one massive development opportunity and comes complete with a disused 6th Century barracks, a pier, a network of underground tunnels and planning permission for a luxury hotel and spa....
Will Brexit affect your mortgage?
A mortgage broker such as Loan.co.uk can help you through the options How might leaving the EU affect your mortgage and what you can do in the meantime? On 29 March, 2019 the UK is due to leave the European Union. We take a look at how Brexit could affect mortgages,...
How can I qualify for a second mortgage?
There are lots of reasons why you might find a second mortgage an excellent option A second mortgage, often known as a homeowner mortgage or loan, is a loan that’s secured on your home. It can help you get access to a large amount of money without remortgaging. You...
Reporting on the ONS (Office of National Statistics) House Price Index data for March 2022
Paul McGerrigan, Loan.co.uk’s CEO comments on – ONS House Price Index data for March 2022 Paul McGerrigan, CEO at online broker Loan.co.uk, said: “UK property prices continue to increase, but growth has slowed significantly as many would argue it needs to. The...
Loan.co.uk Heralds Second Charge Market Surge
Bumper Q3 and Q4 performance puts industry back on track A FOUTH-QUARTER surge in the second charge mortgage market is set to tip lending back to pre-pandemic levels, according to national broker Loan.co.uk. Following official figures published today, the company,...
HMRC Property Transactions Data
Paul McGerrigan, Loan.co.uk's CEO comments on - HMRC Property Transactions Data The data showed that, whilst the seasonally adjusted estimate of UK residential transactions in November 2021 was 24.3 percent higher than in October, it was still 16.4 percent lower than...
October’s HPI Figures
Paul McGerrigan, Loan.co.uk’s CEO comments on – UK House Price Index data for October “House prices have rocketed over the past 18 months, jumping more than ten per cent in a year fuelled by the race for space as people sought larger properties and outdoor area under...
FCA Q3 Mortgage Figures
Paul McGerrigan, Loan.co.uk’s CEO comments on – the Mortgage Lender’s and Administrators’ Statistics for Q3 2021 “The frenzied activity in the market seen in previous quarters of 2021, and the end of 2020, has dropped abruptly after hitting the proverbial wall of the...
Call to end ‘excessive’ broker fees
Customers deserve clarity and fairness when taking out secured loans A NATIONAL broker is calling for companies within the secured loan industry to stop PROFITEERING from customers and charge ‘fair fees’. Thousands of borrowers seeking second charge products, for...
Need £20,000? How To Raise Money Fast, Safely
We outline some of the most popular options for raising large amounts of money safely While we’d all like to have a chunky ‘rainy day’ reserve on hand to call upon in emergencies, for many people that’s not possible. But, if you do need to raise a big chunk of money...
How can I finance a house extension?
Funding an extension to your home If you’ve run out of space in your property but don’t want to move to a new one, a home extension can be a great way of adding the extra room you need. Moving somewhere bigger isn't always affordable, especially once you add on the...
Is remortgaging a good idea?
What is remortgaging? Remortgaging simply means taking out a new mortgage and using the funds to pay off your previous one straightaway. You can choose to stay with your current mortgage lender, or you may want to move to a different provider if there is an...