Our experts cut through the noise to tell you what you need to know
With over 40 years of experience behind us and some of the industry's most quoted experts in our ranks, there's not much we don't know about mortgages.
However, we know our industry is awash with jargon, so our experts aim to keep it simple. Through this blog, social media and our monthly newsletter, experienced mortgage advisers explain the nuances of the mortgage market, how economic factors influence the availability of mortgages and get to the meaning behind regulatory changes.
Find out how you can pay back your mortgage quicker and potentially save thousands of pounds in the process.
It’s estimated that there are 1.67 million homeowners in the UK that are currently on an interest-only mortgage.
Mostly, coming to the end of your mortgage should be a time to celebrate - and if you have a repayment one, seeing that zero balance will give you a very warm, satisfied glow. However, if you have an interest-only loan and don't have a repayment vehicle in place to pay it off, then the feeling as the end date approaches is likely to be very different.
If you're a homeowners paying a standard variable mortgage rate of 2.5% and above, with a decent credit score and 10%+ equity, then you should be looking at switching your mortgage and potentially save money over the course of your mortgage.
One of the first questions people ask us when they are embarking on a house purchase or re-mortgage is how much they can borrow. I always give the same answer: it depends.
The blog postings on this site solely reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.