How to Afford Your Dream Home by Rhiannon Williamson
Is it your dream to one day own a holiday home in the sun; a beautiful house where you can escape, relax and be free of the worries that seem to go hand in hand with every day life? Well, you’re not alone! A recent survey by a well known mortgage lender in the UK revealed that up to one in three... Always make sure you get a survey done on any home you’re interested in to ensure you’re fully aware of the work required then get building quotes etc., and cost the work up – obviously the more work you can do yourself the less money it will cost – and then go get yourself a fixer-upper and use...

UK Mortgages -- An Overview by Carrie Reeder
UK mortgages are funded solely by banks, credit unions, or other financial organizations. There is no market intervention by government entities. This means that the mortgage market in the UK is very competitive. This had led to a variety of types of mortgages available to UK borrowers. ... As long as the borrower has a down payment and borrows an amount substantially lower than the value of the home, a lender will offer them a self-cert mortgage. ... Another common UK mortgage is a self-certification mortgage.

Home Equity Loans – The Pitfalls of Releasing the Equity In Your Home by Joseph Kenny
House prices have been rising fast all over the UK over the last couple of years. Many people are experiencing a significant increase in their overall wealth as a result. In the United States, this has been termed the ‘wealth effect’ with an increase in the value of people’s homes being... If you are considering a home equity loan then you should use the money carefully, the optimum use (and most common) is to re-invest in your home, increasing its’ value. ... Dangers of Home Equity Loans Everything is rosy in the garden at the moment, but what would happen if you unlocked your equity,...

Get A Cheap Loan, Forget About Your Worries by V. Jain
Getting a loan has become a norm these days. Everyone takes out a loan of one kind or the other. The rise of consumerism has promoted this phenomenon. The standard of living of people has improved a lot over the years. Use of loans has contributed to this high standard of living. ... If you have taken out a mortgage loan against your house, then the home equity is the value of your house minus the unpaid mortgaged balance. ... You may avail a home equity loan to fulfill all your needs, be it home improvement, car, holiday, education, etc.

What is an Offset Mortgage? by John Mussi
An offset mortgage is very similar to a current account mortgage - but instead of having everything all in one account, all accounts are held separately. The offset mortgage concept treats your money as one giant pot, with each element (mortgage, savings, current account etc) separate to the rest. ... A current account mortgage allows you to benefit in the same way, except it also acts a bank account so your salary goes into the same account that your mortgage is in. ... This is slightly different to the current account mortgage because your mortgage account is separate from a savings and...

Mortgages and House Prices in the UK Reach New High by Michael Hanna
According to a recently released study by the property website, Rightmove, the average asking prices for UK homes showed the strongest annual price rise for over a year during the period from mid-April to early May. The report has caused Rightmove to revise its original estimates for the price... If this happens, housing and mortgage market activity is likely to slow down from the recent high levels as the year progresses." The pace of house price growth has surprised many policymakers with the Bank of England Governor, Mervyn King, saying that house prices seemed "remarkably high",...

Guide to Home Equity Loans by John Mussi
Here is a useful guide to home equity loans. A home equity loan is quite simply a loan against your house. Another term for a home equity loan is a mortgage or second mortgage. Home equity loans are also known as equity release schemes. You are borrowing on what your house is worth. ... A Home Equity Loan will usually mean that you get better interest rates on the loan, but you should always remember that your house is at risk if you fail to repay the Home Equity Loan. ... A home equity loan is a second loan that you take out on your home in addition to your mortgage.

Home Equity Loans – A Walkthrough Guide of Home Loans by Joseph Kenny
As the interest rate on credit cards and other loans continues to increase, many people have turned to home equity loans as a method of borrowing money at a low interest rate. The equity of your house is the difference between the value of your house at any given time and the amount of money you... You can borrow money against this $100,000 by using a home equity loan. ... Many parents choose to use a home equity loan to invest in the education of their children. ... A home equity loan is a great tool for consolidating high interest loans and credit cards.

Choosing The Right Buy-To-Let Mortgage by Don Suter
Buy-to-let took off during the 1990s with the increasing availability of specialist mortgages tailored towards the sector. For most people investing in buy-to-let schemes, mortgages are a vital component for funding the investment. We consider some important issues to help you choose your mortgage. ... Repayment or interest only-mortgages Landlords have a choice between repayment mortgages, where the monthly payment is calculated to pay both the interest and the capital borrowed over an agreed term or an interest-only mortgage, where the landlord only pays the interest on the mortgage...

Buying a Spanish Property - How Do You Finance It? by Vince Barnes
Financing Your Property Once you have decided on the home you wish to buy you need to know how to finance it. There are several ways in which you can do this. If you are lucky enough to have the cash in the bank then you don’t need to worry about the actual financing of it – however take a look... The main ways are • Arranging a Spanish Mortgage • Arranging a mortgage with a UK lender • Re-mortgaging your existing property • Builders finance Arranging a Spanish Mortgage Most Spanish banks will lend to foreigners providing they can prove an ability to repay.