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…
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….
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,…
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…
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…
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…
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…
Using a mortgage broker such as Loan.co.uk not only makes sound financial sense, but will provide you with all sorts of vital help. So, you’re looking for mortgage deals to help you buy a property, but with so many mortgage companies and mortgage lenders out there,…
If you’re looking to purchase a home, make sure you get expert advice on your mortgage A property survey is vital because once you’ve exchanged contracts it will be down to you and at your cost to put any defects right. And that could prove very expensive, as you…
A 95% mortgage allows you to borrow up to 95% of the total cost of your property, so you could buy your dream home with a deposit of at least 5%. With a 95% mortgage you only need to get together a deposit of 5% of the home’s purchase price. So, the fact that you only…
People are currently trapped because of an EU rule, known as the Mortgage Credit Directive With all the joy/bewilderment generated by seeing Theresa May dancing on the stage at the recent Conservative Party Conference, it was easy to miss a piece of potentially…
Unlocking a large injection of credit with a second mortgage A second mortgage (also known as a second charge, 2nd mortgage or secured loan) enables you to use the equity (the amount you own) in your home as security to use against another loan. Do I qualify for a…
Early Repayment Charge, the hidden fee that could cost you thousands When you’re searching for loans, you need to look out for an early repayment penalty (ERC) as well as the APR. Many people just focus on comparing Annual Percentage Rates (APRs), but just because a…