Portman fails to pass on full cut
While leading mortgage lenders were quick to chop their main home loan rates by the full 0.25% following last week's base rate reduction, Portman building society has rai...
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Scottish bank fires first round in interest war
Bank of Scotland fired its shot to challenge the dominance of the "big four" banks yesterday by undertaking to increase the interest rate it pays on current accounts by s...
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Have kids will travel
Are you tied down by a mortgage and 2.2 kids? Has life turned into a rat run with endless commuting and only the odd packed beach in the school holidays to offer respite?...
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The case for overpaying
The overpayment facility gives the chance to pay off a mortgage early and therefore reduce interest charges. This is particularly significant when interest is calculate...
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Costs for buyers
These are the costs you might expect to pay when buying, based on a £150,000 house
Mortgage valuation: £245
Mortgage arrangement fee: £295
Conveyancin...
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What rate should you choose?
It was only five years ago that lenders were offering very little choice over the type of mortgages available. Now there are so many different deals on the market that wh...
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The different types on offer
Fixed rates
The advantage of a fixed rate mortgage is that it will not change during the fixed term which can be anything from two to five years. You can manage your hou...
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Step by step - your homebuying plan
Talk to a mortgage lender
Don't make any commitments at this stage, but use the meeting or phone call to gain an idea of how much you can borrow.
Be realistic
Don't b...
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For higher rates of interest, just click on the dotted line
Banks need us as never before. The days when they could get away with offering customers mediocre service and second-rate financial products are gone for good.
Now, wit...
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How to gear up for a slowdown
Try to pay off debt, concentrating on the most expensive loans first; store cards are still charging up to nearly 30 per cent. Consider switching to a card lender ...
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