Buying Overseas Property and Mortgages – a Guide for UK Nationals

Find out the Best Ways to Buy Property Overseas.   How to get the Right Foreign Mortgage or British Mortgage for an Overseas Home BULGARIA – Buying Bulgarian Property and Mortgages in Bulgaria CROATIA – Buying Property and Getting a Mortgage in Croatia CYPRUS – Buying Property and Getting a Mortgage in Cyprus FRANCE – […]

Insurance “Tie Ins” / Bundling

What are Insurance “Tie Ins”? The mortgage market is becoming increasingly competitive. Mortgage lenders lure you in with great sounding cut-price interest rates. To make up for their “loss leader” they’ll try various ruses particularly getting you to buy their insurance policies. This is known as “bundling”. But these home or mortgage payment protection policies […]

Mortgage Indemnity Insurance

What is Mortgage Indemnity Insurance? This is one of those sneaky mortgage fees that goes by a whole raft of names. You may hear it referred to as a mortgage indemnity guarantee (MIG), higher-lending fee or charge (HLC), additional security fee or mortgage advance premium. In a nutshell, it’s a form of insurance that you […]

Critical Illness Insurance

What is Critical Illness Insurance? This type of insurance pays you a lump sum (i.e. a once off) if you get one of a limited number of illnesses. If you get a payment you can do what you like with the money. However, there’s a major problem if you get a critical illness which is […]

Life Insurance

What is Life Insurance? There are various types of life insurance. However, the principle for each variation is the same. In the event of your death your dependents will receive a sum of money in compensation ie as replacement for your earning power. Why bother? You only really want to consider paying for life insurance […]

Mortgage Payment Protection Insurance

What is Mortgage payment Protection Insurance? Not too long ago the state would give you quite a lot of help if you lost your job and couldn’t afford your mortgage payments but that’s changed. Anyone who has mortgaged – or remortgaged – since 1st October 1995 is now only eligible for state assistance for nine […]

Household Insurance (aka Buildings and Contents Insurance)

What is Buildings and Contents Insurance? You need to insure the building and your possessions. Your mortgage lender will probably try to get you to take their own policy. Most people used to take these because life was tough enough without having to make dozens of calls to find a cheaper option. But the internet […]

Top Three Tips on Remortgaging in the UK

Tip 1 Don’t increase the length of your mortgage term. It may seem cheaper but will cost you a lot more in the long run.   Tip 2 Because you may be changing your type of mortgage when remortgaging, check the mortgage buying tips.   Tip 3 The key is to shop around. Never accept […]

How Much Can You Save By Remortgaging

If you were paying an interest rate of, say, 5 per cent on a £150,000 repayment mortgage over 25 years, your monthly repayment would be £877. If you remortgaged to a lender offering a deal at 3.5 per cent, this would fall to £750. If you switched to a rate of 3 per cent, if […]

What is Remortgaging

Remortgaging is switching your exisiting home loan to another mortgage lender, in order to lower the amount you’re paying each month. You can move to another lender at any time to get a lower interest rate – you don’t have to be in the process of buying a new home. You are not obliged to […]