Should You Fix Or Track Your Mortgage?
If your mortgage deal is coming to an end, you may be deciding whether to fix or get a tracker. With mortgage rates starting to drop and uncertainty whether Bank Rate has peaked, there is a lot to consider… Tracker Mortgages After 14 consecutive rises, the Bank of England held Bank Rate at 5.25% in […]
Tax Year Overviews and Tax Calculations Explained
In the complex landscape of a mortgage applications, understanding the intricacies of your tax year overview and tax calculations is very important. These essential documents, provided by HM Revenue and Customs (HMRC) serve as record of an individual’s income and tax details for a specific tax year. Whether you are self-employed or someone with multiple […]
Mortgages – It’s Not All Doom and Gloom
As mortgage rates reach their highest level in 15 years, many homeowners are fearing the worst. But there are indications that things aren’t as dire as they appear. Firstly, people are actually losing their homes – just 610 were repossessed in Q2 2023(1). Initiatives like the Mortgage Charter are also encouraging lenders to reach payment […]
What to Consider Before Remortgaging
With mortgage rates at their highest since the 2008 financial crisis(1), those looking to remortgage have more to think about than usual. Many whose deals are coming up for renewal will have agreed their mortgage at the time when Bank Rate was just 0.1%. Now, it stands at 5.25%. If your deal is coming to […]
What happens if I can’t pay my mortgage?
Understanding Your Options You could get in touch with your lender, as they may have options available for homeowners who are struggling. For example, you might be able to – Switch To An Interest Only Mortgage Instead of a repayment mortgage, where you repay the capital plus interest. Extend Your Mortgage Term This will lower […]
Mortgage Charter brings help for borrowers
The majority of UK lenders have signed a government charter to support borrowers The mortgage charter includes allowing borrowers to contact their lender for help without impacting their credit file and enabling borrowers whose payments are up to date to switch when their fixed term ends without another affordability check. Mortgage holders approaching the end […]
Our Guide to Using CamScanner
Our guide to using CamScanner to send us your documents | The Mortgage Stop
How to Get Help if I Can’t Pay My Mortgage? Insights into the Mortgage Charter
Understanding Your Options You could get in touch with your lender, as they may have options available for homeowners who are struggling. For example, you might be able to – Switch To An Interest Only Mortgage Instead of a repayment mortgage, where you repay the capital plus interest. Extend Your Mortgage Term This will lower […]