When you make an application for a mortgage or other type of credit, lenders work out a credit score for you. This is to assist them to determine whether they consider you’ll be a risk worth taking – you’ll be a reliable borrower and likely to repay the debt. Generally, a higher score means you ‘re seen as  lower risk –the more points you score, the more chance you have of being considered for a mortgage, and at better rates. So, without any further ado, let’s get started! How do lenders make their decisions? It’s difficult to analyse every lender’s specified criteria, there are certa ..read more

Financial adviser plays a crucial role in assisting you to make an appropriate investment decision. Choosing a proficient and knowledgeable financial adviser is one of the most significant financial decisions companies have to make. Whether you wish to be a financial adviser or simply require recruiting one to help you with financial planning, here I have listed 5 significant traits to keep in mind that most proficient financial advisors have. It is suggested that if you are seeking Financial Adviser London then this blog is of great help. So what are those traits that describe the best suc ..read more

When you are buying a home for the very first time, you need to plan out a lot of things in advance, especially related to finances so that you can get your dream house. Applying for the mortgage is one of the first stages that will get you closer to your home. The tips listed below offer lifetime mortgage advice and will help you prepare for the process to a great extent: 1: Start saving for the down payment You must have a sizable down payment which can help you in several ways. It might even help you to qualify for the lower mortgage interest rate. With this, you will also be able to ..read more

People with age over 55 generally struggle with their finances. Most of them own home, and this is where all the solutions of their lies. When you own a home, you need not worry about the finances as you can release the equity tied up in your house and use the cash for your expenses. You won’t have to be dependent on anybody for your money needs. With equity release, you can access the money tied up in your house. You can do this via several methods, which may include lump-sum withdrawal or in installments. Here are the different types of equity release products available to you. 1. Life ..read more

A Mortgage is a credit from a bank or moneylender to enable you financing the purchase of your home. When you take out a home loan (mortgage), you make a guarantee to reimburse the sum you've acquired, in addition to a settled upon interest rate. The house is utilized as "security." That implies if you break the guarantee to reimburse at the terms set up on your home loan note, the bank has the option to dispossess your property. Your loan does not turn into a mortgage until it is joined as a lien to your home, which means your responsibility for home winds up subject to you paying your new lo ..read more

Mortgage brokers are becoming an indispensable part of any loan acquisition process owing to the highly volatile market situations, risky practices and fast-growing options. Here are a few facts you should be knowing about them to have a better time going for mortgage deals.1. What do you actually mean by Mortgage Broker?A broker or a commission agent (a licensed mortgage financial advisor) who manages the process for you by applying for loans with different providers and lenders, finding best rates, comparing options with best offers and negotiating term loans, besides educating you about th ..read more

Whenever you are in a search of a land or an accommodation at your place you tend to look out for people you know well. And collect leads and connect with seller through these references. Mostly, these days however, when people are moving to new places and things are shifting to more professional processes, people have started to look for service brokers.  Now, when you have a broker by your side you have a better and sharper way of doing it. You get to do things in a more organized way and approach and execute deal in less time and with most interests covered. However, that is possible with ..read more

The popularity of Equity release has soared up in the recent years; still many people do not know how it actually works. It actually means an access to a portion of your home’s value in the form of a lump sum amount. This amount, plus the accumulated interest must only be re-paid after the home owner dies. Choose your advisor wisely to get the most recent & correct equity release advice.  However, misapprehensions about equity release still avert people from taking it into consideration.  Here we bust the most common myths and describe how equity release can boost your finances.  Number ..read more

Equity release plan refers to a financial arrangement where the owner of the property is going to be paid a certain amount of money based on the property, but they will be given the access to those properties and use them.  At times after retirement, it becomes pretty difficult to manage a big house, and hence the old people prefer opting for this option rather than moving to a small place.  They can use the amount by the property. The money that is paid to the owner is repaid after they have died or moved into some residential care for a long time. But, what if you want to move to a differe ..read more

Equity release is considered as an apt solution for the retired and non-working individuals who need to have lumpsum cash with them for old age security. More so, when they don’t want to put their property as a security or simply sell it and move to a new one to realize that amount of money. However, while you are planning for equity release you should look into the potential pitfalls and risks it may have. Here are a few major points to take care of as per experts:  1. Mounting interest billsIf the equity release deal you have picked is based on lifetime mortgage, you must have borrowed mon ..read more