What is Bad Credit? A simple way to understand bad credit is to view it as a low score on your financial report card. This score, or credit rating, gives a snapshot of your past behaviours with borrowed money. It’s determined by agencies known as Credit Reference Agencies (CRAs). In the UK, there are three […]
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How to Get Bad Credit Mortgages in the UK: A Guide
How to Get the Best Mortgages for Older Borrowers in 2024?
Mortgage Options for Older Borrowers As an older borrower, you may find a wealth of mortgage choices at your fingertips. While this can feel daunting, it is also an opportunity to select the option that aligns perfectly with your lifestyle, financial health, and future plans. The two most common mortgage types for pensioners include Lifetime […]
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Is a Reverse Mortgage Right for You? A Guide in 2024
What is a Reverse Mortgage? A reverse mortgage is a financial agreement where a homeowner unlocks equity in their home in exchange for regular payments or a lump sum of money. This concept is also known as an equity release scheme. But what exactly does ‘equity release’ mean? Equity is the value of your property […]
Best Retirement Mortgage Providers in the UK in 2024
Who are the Big Players? When it comes to the UK mortgage market, certain names are bound to come up more frequently than others. These are the “Big Six” lenders: Rank Lender Lending (£bn) (2021) Market Share (2021) 1 Lloyds Banking Group 55.9 18.1% 2 Natwest Group 36.1 11.7% 3 Nationwide Building Society 35.4 11.5% […]
How are Retirement Mortgages Calculated?
What is a Retirement Mortgage Calculator? A retirement mortgage calculator is a tool designed to estimate the mortgage amount that you could potentially borrow for in retirement. But why is this tool important? Mortgages can be tricky, especially when you’re planning for or are already in your retirement years. Factors like your age, income, equity […]
