Are you a mortgage prisoner?

The government pledged to tackle the issue of ‘mortgage prisoners’ – people who are trapped in an expensive mortgage because of regulations that stop them getting a cheaper one. Imagine asking to buy a meal costing £6, and being told you couldn’t afford it – then being forced to buy a meal you don’t like, … Continue reading “Are you a mortgage prisoner?”

Why you need a mortgage buffer zone

Mortgage rates are hitting historic lows, and for homebuyers it looks like the perfect opportunity. But in your eagerness to secure your dream home, you should be wary of ‘mortgage shock’ – the danger of over-stretching yourself in the longer term. The solution? A borrowing buffer zone. The question everyone’s asking is: how low can … Continue reading “Why you need a mortgage buffer zone”