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  • If you lost your job right now, how many days would it be before you run out of money and are unable to pay your mortgage and other bills? Shockingly, Scots are an average of one month’s paypacket from the breadline. Read our post over at our sister website Your Debt Expert to find out how to protect your income. And if you want to talk over your insurance needs with the experts, contact Your Mortgage Expert on 0141 227 7788. ...
  • According to figures from the Financial Conduct Authority (FCA), 2.6 million homeowners in the UK have interest-only mortgages, and more than a million of these will be unable to pay them off at the end of the term. Those affected include: People who were sold an ‘endowment’ mortgage in the 80s and 90s. Endowment mortgages involved selling interest-only mortgages alongside investment vehicles which were predicted to pay off the loan and perhap ...
  • The number of people working on temporary and zero-hours contracts is on the increase. According to the Office of National Statistics, 1.4 million jobs are now offered on a zero-hours basis, and this doesn’t include temporary workers and those on fixed term contracts. So how can you get a mortgage if you don’t have permanent guaranteed employment? Contract workers can find it a challenge to access traditional lending, particularly mortgages, as ...
  • Why are prices in Inverclyde rising faster than Glasgow? And why is Shetland outstripping Orkney? Read on for the latest on house prices in Scotland in Spring 2014.  If you’re looking to buy a home at the moment you will no doubt be wondering whether house prices are rising and what prices are doing in your area. We last looked at this topic in February. So what’s changed since then? Aberdeen and Shetland are standout locations. Thanks to oil t ...
  • What happens when you contact Your Mortgage Expert? How much can we really save you? Find out how we helped one of our recent clients, Graeme T from Falkirk. Graeme came to Your Mortgage Expert because a deal with his current lender fell through. He’d come to the end of his current deal, so the lender offered him a 4 year fixed rate at 4.39%. Although it wasn’t ideal for him as he really didn’t want to be tied in for 4 years, Graeme applied any ...
  • Looking for funding for your dream home or for improvements to your current home? Arranging a mortgage, re-mortgage or insurance with Your Mortgage Expert at the Ideal Home Show could save you hundreds of pounds – and you could also win an iPad mini , £250 to spend at John Lewis or a £100 Rogano’s Restaurant voucher ! Your Mortgage Expert will be on Stand H449 at the Ideal Home Show Scotland, SECC Glasgow from Friday 23rd to Monday 26th May 2014 ...
  • What you'll really be asked under the new mortgage lending rules. In the last couple of weeks there have been many scare stories about the new rules for mortgage lending. The biggest shake-up in mortgage lending in decades has just come into force and if it’s been a few years since you last applied for a mortgage you could be in for a bit of a shock. Lenders have been preparing for this for months, and have been gradually changing their lendin ...
  • The number of people withdrawing equity from their homes is on the increase. 19,000 people signed up to equity release in 2013 - up from 16,000 in 2011 . Customers are releasing larger equity amounts too, with the average equity release topping £60,000 for the first time in 15 years , while the total amount borrowed now tops £1bn. What is equity release? Equity release allows you to benefit from the value in your home without having to sell it. ...
  • According to the  Daily Mail , first-time buyers are increasingly turning to longer mortgages of up to 40 years, in order to get on the property ladder. A recent report from the Council of Mortgage Lenders found that the length of the average UK first time buyer’s mortgage is now 28 years. So why might increasing numbers of first-time buyers be attracted to longer mortgages? Lower payments The main reason is to lower the monthly payment on t ...
  • If you are hoping to buy a home in 2014, you will no doubt be wondering if house prices are going up – and if they are rising, are they going up faster than you can afford? Are house prices in Scotland rising? The latest figures from research company  Acadata  (see graph above) show an increase in average property prices of 3.6% across Scotland in the 12 months to December 2013, while property solicitors network  SPC Scotland  are reporting a ...
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Peter Dean has helped thousands of people with quality money advice, through his well-known company Your Debt Expert. Peter is now helping even more people by offering quality whole-of-market mortgage advice.

 

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Peter Dean