Freehold vs Leasehold If you’re buying a house, you may have heard of the terms freehold and leasehold. While these terms may sound complicated, they have two simple meanings: Freehold – You own the property and the land it’s built on for as long as you want. Leasehold – You own the property for a set period, but…
Capital Gain Tax
This guide has been produced for information purposes only. As a mortgage broker, we’re not able to offer tax advice. How much Capital Gains Tax will you have to pay? It depends. In this guide, we’ll explain how Capital Gains Tax works on UK property and prepare you for when you decide to sell. Not…
Weather alert – advice
Over the next few days, freezing temperatures are expected across Britain, bringing the risk of property damage in some areas.Burst pipes can cause damage worth up to £100,000, but by taking a few precautions you could substantially reduce the likelihood of damage to your home and belongings.During freezing weather, follow these simple precautions: Leave the…
Mortgage Protection Insurance
Mortgage Protection Insurance Mortgage protection insurance is an important part of your mortgage requirements. Your mortgage is one of the largest financial commitments you are likely to take. Budgeting for your mortgage protection is an important part of the mortgage process, as these payments are often overlooked when calculating how much you can afford to borrow.…
Interest only mortgage
Interest Only Mortgage Interest only mortgage require you to make monthly payments to the mortgage lender in order to pay off the interest on the amount borrowed. In addition to the interest only mortgage you need to establish a separate long term repayment strategy. This could include an investment plan, inheritance or disposing of the property…