Mortgage Protection Decreasing Term Assurance

What is Mortgage Protection Decreasing Term Assurance / Insurance? This is another type of life insurance. It works by recognising that the main purpose of insuring your life is to pay off your mortgage. Because what you owe decreases with time (ie as you pay your mortgage off) so does the amount of cover provided […]

Home Insurance

UK Home and Mortgage Insurance Guide When you take out a mortgage, you’ll need various types of insurance. For example, to cover your monthly payments – in case you get ill – and home insurance- in case it burns down etc. Remember to always get at least three quotes when buying a financial product. In […]

Buying Your New Home – The Process

Outline of the Home Buying Process (Also see this Flow Chart of the Home Buying Stages )   STEP ONE: What can you afford? This will depend on: A) Your earnings Mortgage lenders will usually lend you 3.5 times your annual income. However it’s possible to borrow more – it totally depends on your individual circumstances. […]

What can you afford when buying your home?

Firstly note that what you can afford is NOT THE SAME as how much you can borrow with a mortgage .   To find out how much you can afford you need to work out   • The amount you might get from the sale of any current home • The amount you have saved […]

Home Buyer’s Guide

Welcome to our easy UK Home Buyer’s Guide where you can find out the insider secrets and tips that could help save you thousands. Our aim is to explain everything you need to know as simply and clearly as possible. Save time, money and effort here with all the latest tips and trade secrets… Learn […]