Credit reports look at your borrowing history and how you’ve managed to pay back any money you’ve borrowed in the past. They’re put together by the three main credit reference agencies in the UK; TransUnion, Equifax and Experian. Every time you borrow and repay money, your credit score builds up in the background based on your [...]
Most of us will borrow money to buy a property at some point in our lives. Whether you’re buying your first home, buying to let or remortgaging, it’s a big commitment. Here are some key facts to help you feel more confident about your financial decisions. The different types of mortgages The types of mortgages vary, [...]
Worried about mortgage lenders withdrawing their products and deals? The mortgage market is going through another unpredictable time with mortgage lenders withdrawing mortgage deals and increasing rates in a reaction to the recent news that inflation is slowing at a less- -than-expected rate. Do you need to remortgage now? If you’re due to remortgage now, don’t [...]
Being a first-time buyer can be daunting. Not only are you about to make one of the biggest financial decisions in your life, but you’ll probably also have family members and friends offering their ideas on the right house, mortgage, lender conveyancer and even removal company for you. We’ve put together some ideas to try and [...]
It wasn’t so long ago that my wife was pregnant and the issue of maternity leave and pay was high on the agenda. If you’re in the position where you need to move during a period of maternity leave then a lender’s stance can be dependent on the period left before you return to work i.e. [...]
Given the demands of current living more and more workers want a more flexible approach to how they work. As a contractor you will be deemed as being self-employed and the vast majority of lenders will require at least two years’ accounts, basing affordability on net profit for a sole trader or remuneration and dividends for [...]
Another tax year has just passed us by and for the self employed, attention will turn over the coming months to submitting your tax return for 2017/2018. Conversations will take place with accountants with a view to mitigating the tax liability as far as possible, but by being overzealous you may find if you’re looking to [...]
Switch on the TV or look in the paper and you’ll see one of the largest credit agencies encouraging you to check your credit report. They’ll go as far as providing you with a credit score which is all important when securing any type of finance. It is important to understand that there are things that [...]
