Retirement Interest Only Mortgages
Retirement interest only mortgages or RIO as they’re sometimes known as, are simply interest only mortgages for the over 55’s but with a few differences. Like an Equity Release scheme, you borrow against the property but with an RIO you pay back the interest, not…
Equity Release Explained: Just How Does It Work?
If you own a property, either outright or with a small outstanding mortgage, you have a built up a store of equity that can be released to provide a lump sum, ongoing income, or both. This guide will aim to answer all of your burning…
What Is Section 75 & How Does It Benefit Me?
Section 75 is an incredibly useful piece of legislation as far as consumers are concerned. It means that your credit card company needs to step in and take responsibility if a purchase you make using your card ends up being a rum deal. For example,…
Is A Debt Relief Order Right for Me?
A debt relief order (or DRO) could provide a path out of severe financial difficulties for people who find themselves with limited options. Like an IVA or bankruptcy, a DRO is a form of insolvency, but, in certain scenarios, it could work out as a…
Serious Debt and Mental Health Issues
We all get stressed about money from time to time, but when you really feel your back is to the wall or that you’re peering down over the edge of a fiscal cliff it can have a severe impact on your mental health. All too…
Why Should I Credit Check?
Personal finance is an incredibly important aspect of life that needs to be controlled effectively if you want your money matters to run as smoothly as possible. While you may budget each month and put money aside for a rainy day, financial wellbeing involves much…
Protecting Yourself When Using Securities to Raise Finance
If your own assets such as a house or car, you may be tempted to make the most of them by releasing some of their value in the form of a secured loan. Offering such securities as collateral can make it easier to raise finance,…
What Is A Bridging Loan And Is One Right For Me?
A bridging alone is essentially an advance, given by a lender to tide the borrower over until an expected source of income comes in. These days the term is most often used in reference to the purchase of property. Typically a bridging loan is used…
Why Should I Use A Mortgage Broker?
When you’re looking to take your next step up the property ladder (or your first one for that matter) you’ll most likely to be looking for ways you can reduce the costs of moving house. That being the case, you may be tempted to disregard…
Master the Art of Stoozing
Generally speaking, the rate of interest we’re expected to pay on money we borrow far outstrips the rate we’re rewarded with for saving. This is the basic premise that allows lending institutions to turn a profit – they pay less to their investors than they…