Saving is good – but it is super dumb if you only save to spend…for instance, to buy a big ticket depreciating asset which is worth less than you paid for it the minute it arrives at your doorstep.
For many people, saving is one of the most difficult things to do. But it is one of the easiest skills to master if you go about things in the right way.
As a property coach committed to helping people achieve their property goals, the obstacle I often come up against goes something like this: “I don’t have any money and can’t save the amount needed to fund a property deposit or to invest”.
There are two main mortgage types – repayment and interest only. Most people buying a home are not doing so with an interest only mortgage – they are using a repayment mortgage instead. Why is that and are they making the right decision by doing so?
There are two main mortgage types – repayment and interest only. Most new borrowers are taking out repayment mortgages. Why is that and are they making the right decision by doing so? This blog takes a brief look at the nature, characteristics, pros and cons of a repayment […]
Not everyone needs a mortgage to buy a property. If you have the money to buy without a mortgage, what tactical advantages does that give you? Can you always secure a bargain as a cash buyer?
Unless you are in the fortunate position of having cash, you are going to need a mortgage to buy a property, and to get a mortgage you will need to have a good enough credit score.
For years now the UK government has been helping first time buyers to become home owners, splashing out billions of pounds in the process.
With raising a deposit being the main hurdle to getting onto the property ladder for most first time buyers, money mastery is clearly a key topic.
If you are looking to improve your property, making it a better place to live and adding value, remortgaging is an option available to you if you have sufficient equity in your property.