If you’ve had a recent credit application turned down, don’t panic. Here’s what you need to do to improve your credit score: Don’t immediately apply for another credit account, or accounts, as this will have a detrimental impact and decrease your credit score. Ensure that you are on the Electoral […]
What is a credit report? A credit report details your personal credit history, including mortgages, credit cards, overdrafts, mobile phone contracts and even some utilities such as gas, electricity and water. Banks and financial institutions use them when deciding whether to give you credit. If you’re over 18 and have […]
When remortgaging you must first add up the total cost of all the fees, as sometimes, it may be cheaper to stay on your current deal. Even if you move to a better rate, if the lender charges interest annually you could well be worse off. For example, if you […]
A repayment mortgage versus an interest only mortgage is merely the first decision you have to make. What sort of repayment or interest only deal do you want? While interest only mortgages aren’t bad, they are risky. Risk is an important concept in finance; it’s about taking a chance. The […]
Although for the majority of mortgage holders, remortgaging your property will give you a better deal, occasionally however this may not be the case as highlighted below: The unfortunate ones where timing is bad Mortgage rates and fees fluctuate constantly; in relation to the Bank of England’s base rate, what’s […]
Remortgaging means, transferring your mortgage from one Mortgage Company to another, or switching from one deal to another even from the same provider to get yourself a better deal. And you don’t even have to move house to do it. In recent years almost a third of all home loans […]