michael sterios

Non-Refundable Mortgage Fees

Mortgage lenders in the UK are beginning to introduce non-refundable application fees as a way to bolster their revenue. By applying a non-refundable fee to a mortgage application, the lender will ensure that they receive some form of revenue regardless o... Read >

Advantages and Disadvantages of using a Mortgage Broker

When searching for a mortgage, you will be faced with the decision of whether or not to use a mortgage broker. There are advantages and disadvantages to using a mortgage broker instead of applying for a mortgage directly with a lender.One of the main adva... Read >

Stepped Mortgages

With interest rates on the rise property owners are searching for ways to save money on their mortgages. Monthly repayments have been steadily growing due to a gradual increase in the Bank of England base rate and those on variable rate mortgages are feel... Read >

UK Mortgage Fees Rise

UK mortgage fees have risen considerably in the past few years despite low interest rates and high levels of mortgage market competitiveness. The rising UK mortgage costs include both the fees applied to the mortgage upon application and upon redemption.T... Read >

Alternatives to Remortgages

Unlocking equity that has built up in a property can be achieved through a number of means including remortgages.Remortgages are carried out by home owners who want to release the equity in their home and apply for a new mortgage at the same time. They ca... Read >

Buy-to-Let Repossessions

With interest rates and household bills rising rapidly it is inevitable that property investors and owner-occupiers will begin to struggle financially. One key indicator that the affordability of property is in decline is the rate of repossessions.The rat... Read >

Stop Home Repossession

If you are facing the prospect of having your home repossessed, you may think there is no way to stop the process. However, there are options to consider that can help to stop repossession of you home. There may be no more painful an experience in our ... Read >

Remortgage to Save Money

Mortgage payments are the largest expense in a typical UK household. It therefore makes sense to ensure that you are getting the best deal possible on your mortgage which means that you should remortgage your home if necessary. If you are paying intere... Read >

Buy-to-Let Investing Still Pays

As the property market boom continues to become a mere memory, lenders have begun to tighten the criteria on buy-to-let mortgages for new-build properties. This is because the lenders are regarding premium priced new-build property as a riskier asset to l... Read >

The Basics of Shared Ownership Mortgages

Shared ownership mortgages are specialist mortgages that are designed to cater for purchasing property through shared ownership schemes. Shared ownership schemes are also known as shared equity schemes and have become a popular method for first-time-bu... Read >

Second Mortgage Consumer Protection

A second mortgage is a loan secured against the equity in a property that is not a first mortgage. The second mortgage will come from a different lender than the first mortgage. A first mortgage on a residential property is regulated by the Financial S... Read >

What are Non-Status Mortgages?

Non-status mortgages are designed for people who either cannot prove their income or who suffer from adverse credit. "Non-status mortgages" is a term that is loosely used to describe all mortgages that are not standard high-street mortgages. Non-status... Read >

The Equity Release Market

Equity release is a way for homeowners to release cash from the equity that has built up in their home. Equity can be defined as the difference between the value of a property and the balance of the mortgage, or any other finance, that is secured on it. ... Read >

All about Flexible Mortgages

Flexible mortgages were first introduced into the UK to cater for individuals with flexible working patterns. Flexible mortgages are a recent addition to the mortgage market in the UK, although they have been popular overseas for several years. The ini... Read >

Should You Apply for a Fixed Rate Mortgage?

With so much interest rate uncertainty in the market borrowers are facing a dilemma as to whether they should fix their mortgage interest rate or not by applying for a fixed rate mortgage. A fixed rate mortgage will provide absolute security against ra... Read >