Posted by September 20th, 2018on
If you have a fixed rate mortgage, the BoE base rate rise in August need mean little to you. At least not yet. But when your fixed rate ends, you’ll drop onto your lender’s variable rate. That’s when the rise — the first in a decade — will affect your repayments.
If you’re already on a variable or tracker rate, your repayments will increase immediately. Here’s how you’ll feel the result of that increase in your pocket, contractor or not.
The historic low rate had to end someday
Continue reading about How does a BoE base rate rise affect my mortgage repayments?
Posted by July 20th, 2018on
You’re an experienced contractor working in the public sector. Over time, you’ve become smart. You predicted the issues with automatic payroll. So on balance, you opted to work through an umbrella company.
You’re not alone. Nine in every ten public sector contractors now use umbrella company payment structures.
And now that you’ve got payslips, you think: “Yes! Getting a mortgage now will be a doddle!” Right?
Continue reading about Even with payslips, High Street mortgages elude umbrella contractors
Posted by April 18th, 2018on
Joe Public’s largest ever financial commitment is often buying a home. You’d expect handling that transaction would assume a certain amount of responsibility.
But the fact is, estate agents are ripping homebuyers off when it comes to the mortgages they offer.
The government is planning to put a stop to these practices. In the interim, current practices are bad enough for unsuspecting employees. But when estate agents force their own mortgage lenders on specialist borrowers? It can spell disaster.
Continue reading about The Great Rip Off: How Estate Agents Cash in on Your Mortgage