A third of adults in the UK have experienced a credit blip on their
Tag: Mortgage
Mortgage warning as those who overpay could miss out on extra £42,000 | Personal Finance | Finance
Mortgage holders who are tempted to overpay as they approach the end of their fixed term deal have been urged to instead invest their funds for a better return.
Figures from True Potential show a person with a £495,000 mortgage and a £100,000 lump sum could end up better off by over £42,000 if they chose to invest the amount rather than use it to overpay on their mortgage.
Daniel Harrison, chief executive of True Potential, said: “In times of
Overpay the mortgage or invest for retirement? The ‘extra boost you won’t get elsewhere’ | Personal Finance | Finance
Britons risk missing out on “free money” if they stop paying into their pension to overpay their mortgages.
As interest rates remain high, overpaying the mortgage may save thousands in interest compared to putting spare care in one’s pension.
On BBC Money Box, Jackie explained her financial worries as she heads for retirement.
The 57-year-old is planning on getting a new mortgage which will run for 13 years until she’s in her 70s.
As she has a modest income, she
Homeowners ‘shouldn’t rule out’ mortgage payment rise as Bank of England to raise rates | Personal Finance | Finance
Homeowners are being warned that they “shouldn’t rule out” another hike to interest rates from the Bank of England.
Mortgage repayments have increased substantially in the past year in the wake of a series of rate rises from the financial institution.
Next week, the central bank’s Monetary Policy Committee (MPC) will meet to discuss further changes to the base rate.
As it stands, the Bank of England’s base rate is at five percent and has been raised to mitigate the
How credit record ‘blips’ can stop you getting a mortgage – and what to do
How credit record ‘blips’ can stop you getting a mortgage – and what to do
- Credit ‘blips’ result from missed payments or using unarranged overdrafts
- They can remain on your file for up to six years, even if paid off
- However, there are ways to get around the issue, and still get a mortgage
‘Barbie’ star Margot Robbie paid off her mother’s mortgage after finding success in Hollywood
Margot Robbie did not hesitate when it came to helping her mother financially once her career began to take-off.
Robbie — who stars in the newly released “Barbie” movie — revealed that once she started to make money, she paid of her mother’s mortgage.
“Everything I owed my mom, I had it written down. She’d take money out of the, like, house mortgage [to] lend me money. So I always knew, I was like, ‘I gotta pay that back,'” Robbie
One in five tenants put their property purchase aspirations on hold due to high mortgage rates
One in five tenants put their property purchase aspirations on hold due to high mortgage rates
- A total of 19% of tenants said high mortgage rates means they can’t afford to buy
- Average mortgage rate on a two-year fix has risen above 6%
- A total of 12% of tenants say they will keep renting until house prices decline
One in five tenants are putting plans to buy a
What to do if you can’t pay your mortgage as rates rise
If you are struggling to pay your mortgage bills as interest rates rise rapidly, our guide explains what you can do.
Mortgage rates have spiralled over the past month on the expectation that the Bank of England may have to push base rate all the way to 6 per cent to combat inflation.
But even before this rise, both fixed and variable rate mortgage costs were far higher than they have been in recent years.
This has come as interest
Mortgage mayhem survival guide: What to do as rates soar
Millions of households are bracing themselves for mortgage pain as interest rates soar and monthly costs surge.
Homebuyers and homeowners looking for a new loan today face paying a rate above 6 per cent on a two-year fix — more than double average rates two years ago.
That means anyone taking out a two-year deal today on a typical £200,000 mortgage would pay an extra £65 a month compared with just four weeks ago and an extra £313 compared with
Ist es an der Zeit, Scottish Mortgage, Großbritanniens führenden Investmentfonds, aufzugeben?
Ende dieses Monats wird Scottish Mortgage, der größte börsennotierte Investmentfonds des Landes, seine Jahresversammlung im Royal College of Physicians in Edinburgh abhalten.
Obwohl jährliche Treuhandversammlungen, wie auch andere Veranstaltungen am College, das 1681 eine königliche Charta erhielt, normalerweise keine lauten Angelegenheiten sind, könnte diese ziemlich hitzig sein.
Baillie Gifford, der in Edinburgh ansässige Investmentmanager des Trusts, und Mitglieder des Fondsvorstands werden voraussichtlich mit schwierigen Fragen von Aktionären über die miserable jüngste Performance des Fonds konfrontiert sein. Anleger werden wissen wollen,
How to sort your savings and mortgage in the financial storm
It has been a stormy week for personal finances. Financial markets were rocked by banking collapses in the US and fears that the contagion could spread. Then the Bank of England hiked interest rates again on Thursday to a 14-year high.
And inflation – which looked like it was starting to subside – inched up again and remains firmly in double digits.
This economic turbulence has a tangible impact on all of us – on everything from the value of