The Nationwide Tracker mortgage overview
Nationwide, the largest mortgage provider in the UK, offers a variety of mortgage products to meet the diverse needs of homebuyers and homeowners. One of their popular offerings is their Tracker Mortgage. This guide will provide a comprehensive understanding of the Nationwide Tracker Mortgage, including its features, benefits, drawbacks, and the application process. What is […]
Understanding Barclays Tracker Mortgage
Barclays offers a wide array of mortgage products tailored to meet the diverse needs of both new buyers and existing homeowners. Among the most popular choices are fixed-rate and tracker mortgages. In this guide, we will delve into the details of Barclays tracker mortgages, exploring their features, benefits, and potential drawbacks to help you make […]
What are fixed-term contract mortgages?
Fixed-term contracts offer benefits to both employers and employees. They serve as valuable tools for addressing various staffing needs, such as covering staff absences, managing specific projects, accommodating maternity or parental leave, or handling short-term increases in business demands. In the UK, a significant number of people, over 1.6 million people across the UK, are […]
What happens when my fixed-rate mortgage ends?
If you have a fixed-rate mortgage, you’re not alone. In recent years, almost 86% of all mortgages have been arranged on a fixed-rate basis. We’ve been blessed with historically low interest rates for almost a decade now. However, it’s important to know your options when your fixed-rate mortgage term ends, especially in times when rates […]
Should I get a 2 year fixed or 5 year fixed rate?
Should I get a 2 year fixed or 5 year fixed rate? If you have made up your mind that a fixed rate mortgage is more suitable for you than a variable product, the next decision would be to determine the length of time for which you want to fix it. While lenders provide fixed […]
All about top-slicing buy-to-let mortgages
Buy to Let Mortgages – Top-slicing Context In 2017 the prudential regulation authority (PRA) set stricter rules & criteria for Buy to Let mortgages. Mortgage lenders have been required to use higher interest rate stress tests when assessing Buy to Let affordability. As a result, borrowing power for most landlords has significantly reduced on certain […]
Can a first-time buyer get a buy-to-let mortgage?
Are first-time buyers allowed to get a buy-to-mortgage? Yes, it’s certainly possible for first-time buyers to get a buy-to-let mortgage, however, because you do not currently own a property, mortgage providers will view you as higher risk, there are therefore, fewer options available, and the criteria and affordability calculations are different to mortgages for existing […]
Guide to fixed & tracker mortgages
What is a fixed-rate mortgage? A fixed-rate mortgage is a mortgage where the interest rate remains the same for a set period. The three most common deals available are two, three and five-year fixed rates, although other terms are available. Some providers will allow you to fix it for as long as 10 years. A […]
How can I use a green mortgage?
What are green mortgages? With soaring energy prices and ever more focus on the climate change the world faces, it comes as no surprise that ‘Green mortgages’ have sprung to prominence in recent years. Some mainstream lenders are offering ‘Green mortgages’ aimed to incentivise and increase the appeal of buying a ‘Green home’. They offer […]
