The concept of paying more to than you need on your mortgage to reduce your balance more quickly sounds like a no-brainer. Get it right and with overpaying you could be quids in. Get it wrong and you could be facing some nasty penalties.
This guide can help you decide if overpaying on your mortgage is the right move for you:
Yes, it should.
Every New Year we all jot down a list of resolutions that we intend on sticking to for the upcoming year ahead. These are usually resolutions that might help us to be more active, lose weight or help our finances, but shouldn’t we do something a bit more practical and something that could really benefit the future should the worst happen? Say, taking out Life insurance?
That’s why First Financial Solutions recommend life insurance be your 2018 resolution!
On November 2nd, the Bank of England raised interest rates from 0.25% to 0.5%, the first rise for over a decade. According to UK Finance, 2.6 million first-time buyers will be experiencing their first ever rate rise following last week’s events. We understand, the idea of a rise may seem daunting, we get it, but the rise shouldn’t put you off purchasing a property. There are still some great deals to be had, and whilst we’ve just had a rate increase, there really is only one way that rates are going to go .. and that is up!
Did you know that according to the Office of National Statistics, 95.6% of small businesses, last year, within the UK were registered with fewer than 10 people in the office? What would you do if a key person(s), either the founder, owner or key employee within your business was unfortunately diagnosed with a critical illness or was involved in an accident?
It seems that Britain could be progressing into a season of re-mortgaging as high competition among lenders are lowering mortgage rates. So, is this the time to re-mortgage your property? (more…)
Deciding on whether to purchase a commercial property is a huge decision.
Most us will need to take out a commercial mortgage to help finance the purchase. This is when the decision-making becomes serious as what deal you agree to will affect you for years to come. When searching for your perfect commercial mortgage deal, there are a few things to keep in mind: (more…)