Following the numerous base rate cuts over recent months, many borrowers have seen their mortgage repayments fall sharply. As a result a number of banks have reported that there has been an increase in the number of homeowners that are overpaying on their mortgages each month as a means of saving money.
Borrowers will find that [...]
Negative equity is simply the term used to describe when your mortgage is more than the value of your home. It could happen when you take on a mortgage for more than 100% of your property’s valuation, but it’s really much more widely used to describe the result of recent dips in the value of [...]
Once upon a time, life was simple when you wanted to by a house. You paid fees for a surveyor to value the property, a lawyer to do the conveyancing, maybe a small insurance premium if your loan to value was over a giddy 70%, stamp duty and the cost of registering the deeds. But [...]
