Use our UK Finance guide and learn by experience. We outline pitfalls so that you don't have to learn the hard way, as many of us often do.
Latest Blog Entries
Offset Mortgage – To Offset or not to Offset
With an offset mortgage the interest on your mortgage is reduced by the funds in both your savings accounts and your current accounts. The more you have in your savings account, the less interest you pay on your mortgage, which helps you to repay your mortgage faster and more cheaply in the long term. Your part of the deal is that you don't receive any interest on your savings or your current account.
Mortgage Protection
As the UK market get set for another housing boom, especially in the East of London City due to London winning the 2012 Olympic bid, there are some concerns I have that people are getting into a mortgage before they have thought it out thoroughly. Anybody who has a mortgage on their home will know that payments can sometimes be tough to meet. Making provision for when you might not be able to make your mortgage payment should be taken into consideration before you take out your initial mortgage.
