Mortgage Basics

Contents Insurance covers the personal items inside your home, from furniture and appliances to electronics, jewellery, and clothing. Whereas building insurance is a requirement ...

Buildings Insurance is a type of policy that provides cover for the structure of your home in the event that it is damaged or destroyed.

Decreasing term insurance is a type of life insurance that pays out a death benefit if the policyholder dies during the term of the ...

When remortgaging you will apply for a new mortgage, with a new lender, that will be used to ‘repay’ your existing mortgage. This all ...

A life insurance policy will payout a lump sum of money if the person covered dies before the policy ends. The policy term will ...

A Mortgage Offer is a document that is issued by a lender to a borrower following the successful application for a mortgage. It outlines ...

The vast majority of mortgage types are either repayment or interest-only. But there is a third lesser known method, the “part-and-part” mortgage. Part and ...

Loan to value (LTV) is a measure of the size of a mortgage loan in relation to the value of the property being purchased. ...

In the UK, Stamp Duty Land Tax (SDLT) is a tax that is paid by buyers on residential property purchases over a certain value. ...

Mortgage Early Repayment Charges (ERC) are charges that you may have to pay if you repay your mortgage early.

An Energy Performance Certificate (EPC) is a document that provides information on the energy efficiency of a property. It is produced by an accredited ...

Variable Rate Mortgages are a great mortgage product for borrowers who want the flexibility to change their interest rate at any time during the ...

A mortgage deposit is an initial payment that is put down by a home buyer when they take out a mortgage. It represents part ...

An interest only mortgage is a type of mortgage where the borrower only pays the interest on the loan, and not any of the ...