Is getting an Interest only mortgage a bad idea? An interest only mortgage does want it says on the tin, you are not repaying the money you’ve borrowed, simply paying for the privilege of doing so. Its’s common for a residential mortgage to be … [Read more...] about Interest only mortgage – Is it a bad idea?
Search Results for: Interest only mortgage
Changes to Interest only mortgage criteria
Interest only mortgage deals Interest only mortgages are becoming a very complex area of home finance. Just a few months ago they were commonplace. All you were required to do was advise the lender of your repayment plan e.g. via saving, downsizing, … [Read more...] about Changes to Interest only mortgage criteria
Interest Only Debt Consolidation Remortgage
A guide to Interest Only Debt Consolidation Remortgage Debt consolidation is the process used to describe combining debts. Interest only is where you are only paying the interest on the amount you’ve borrowed but are not reducing the debt. Debt … [Read more...] about Interest Only Debt Consolidation Remortgage
Debt consolidate and keep the existing interest only mortgage
Need to raise money but want to keep the existing interest only mortgage Interest only mortgages are by and large reserved for the rich these days so capital raising can be a real problem if the lenders won’t allow you to remortgage. but we have a … [Read more...] about Debt consolidate and keep the existing interest only mortgage
Remortgage but don’t want to lose your current great rate or interest only loan
If you want to Remortgage but don’t want to lose your current rate this article should be helpful you. Here’s what it covers: Who want to raise money but keep their existing mortgage Existing mortgage is on a good rate Existing mortgage is … [Read more...] about Remortgage but don’t want to lose your current great rate or interest only loan
Best Buy to Let mortgage until your 85 years old – No minimum income interest only
4.48% Free Legal’s up to 75% Loan to Value fixed fee which is great for larger loan sizes and people near the retirement age. We have now got access to great new exclusive buy to let product for professional landlords which doesn't require a minimum … [Read more...] about Best Buy to Let mortgage until your 85 years old – No minimum income interest only
Why lenders are curbing interest-only Mortgages
In the last few weeks we have seen huge changes to some of the major lenders lending policies in regards to interest only mortgages. Lloyds Banking Group made the decision to bring in changes to interest-only mortgage criteria after Santander cut … [Read more...] about Why lenders are curbing interest-only Mortgages
Maximum Age Mortgage Approval Explained
Getting the maximum mortgage for older borrowers Why is age so important when getting a mortgage? In this article, I discuss the maximum age in relation to purchasing a residential property on a repayment mortgage, i.e., a property you intend … [Read more...] about Maximum Age Mortgage Approval Explained
Commercial Mortgage up to 75% Loan to value
Did you know we also arrange Commercial Mortgage products? Here’s how we can help your business grow. It’s become clear to us at Niche Advice that many of our clients – individuals we’ve helped with residential and buy-to-let mortgages – don’t … [Read more...] about Commercial Mortgage up to 75% Loan to value
5 Year Fixed Mortgage with only 2 Year Early repayment charge
Virgin Money Switch & Fix – Available through Intermediaries only, like Niche Advice a great 5 Year Fixed Mortgage with only 2 Year Early repayment charge In this article, I review Virgin Money’s Fix and Switch residential mortgage, which is … [Read more...] about 5 Year Fixed Mortgage with only 2 Year Early repayment charge
