Banks, credit unions, building societies, and other financial institutions offer different types of mortgages with fixed, variable, and tracker interest rate. Unlike unsecured loans, mortgage loans use the mortgaged piece of real estate as collateral. Endowment Mortgage This is an arrangement whereby the applicant uses an endowment policy to save enough money and pay off […]
Continue reading →Should You Consider Applying for a CCJ Loan
May 2, 2012 By Jonathan
If you consider applying for a CCJ loan, you may know that lenders will offer it to you even if your credit history shows that there was a Country Court Judgment against you. You may be considered a risky borrower by many lenders, but being approved for such a loan is still possible. In general, […]
Continue reading →Types of Mortgage Interest Rates to Choose from
January 24, 2012 By Jonathan
There are several types of mortgage interest rates to choose from if you plan to apply for a mortgage in the United Kingdom. These are the standard variable rate, variable rate, fixed rate, and tracker rate. In addition, there are mortgages offered with a discount rate and capped rate. A standard variable rate is offered […]
Continue reading →Mortgages Suitable or First Time Buyers
December 26, 2011 By Jonathan
Mortgages suitable for first time buyers vary, but generally, the offers you will get (or won’t) depend on whether you qualify for a mortgage in the first place. The first question first time buyers should ask themselves is if they can afford to pay back the loan amount they want to borrow. UK banks help […]
Continue reading →Choosing between Endowment and Repayment Mortgage
October 18, 2011 By Jonathan
If you can’t make up your mind on whether to apply for an endowment or repayment mortgage, you may want to look at the features of both types. In the UK, repayment mortgage is a term describing mortgages whereby monthly payments serve to pay off the capital amount, along with the interest accrued. In this […]
Continue reading →Affordable Payments with Debt Consolidation
October 11, 2011 By Jonathan
If you are looking into debt consolidation to make your payments more affordable, you are probably aware of the many advantages that go with it. In the UK, debt consolidation helps borrowers lower their monthly payments and waive late fees. It is also a way to reduce interest rates on existing loans and have one […]
Continue reading →Bank Accounts for Teenagers
October 4, 2011 By Jonathan
If your teenager insists on having a credit card, what options are out there for you to explore? If your child is under 18 years of age, you can choose from a variety of prepaid credit cards on the UK banking market. The Splash Plastic Prepaid Card is one option to look into. The application […]
Continue reading →Benefits of a Flexible Loan
September 27, 2011 By Jonathan
Many bank customers in the UK look for loans with flexible terms and conditions, but what exactly is a flexible loan? This type of loan works similarly to a checking account, with borrowers drawing on cash whenever they need it. This is done by writing checks. The lender, which can be your banking establishment, sets […]
Continue reading →Choosing between Rewards and Cashback Credit Cards
August 22, 2011 By Jonathan
There are several types of mortgage interest rates to choose from if you plan to apply for a mortgage in the United Kingdom. These are the standard variable rate, variable rate, fixed rate, and tracker rate. In addition, there are mortgages offered with a discount rate and capped rate. A standard variable rate is offered […]
Continue reading →Types of Mortgage Interest Rates to Choose From
July 17, 2011 By Jonathan
There are several types of mortgage interest rates to choose from if you plan to apply for a mortgage in the United Kingdom. These are the standard variable rate, variable rate, fixed rate, and tracker rate. In addition, there are mortgages offered with a discount rate and capped rate. A standard variable rate is offered […]
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