The Danger Of The Interest Only Mortgage

Over the past 5 or 6 years many borrowers have taken out interest only mortgages, with the intention of paying off the loan at the end of the 20 -25 year term by selling their house and downsizing. But, with the property market dropping, this is causing these expectations to look increasingly unsecure. Worse still, [...]

Does taking a mortgage holiday affect your credit rating?

You might be considering taking a mortgage holiday to get you by on a few difficult months. But, will this affect your credit rating? The problem is, if during the life of your mortgage you do something that causes your credit rating to fall and then you decide you want to remortgage to a cheaper [...]



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