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Mortgages

Navigate the world of home ownership with the Mortgages section of Finance Monthly. This segment offers expert advice and the latest information on mortgage options, rates, and trends. Whether you're a first-time buyer, looking to refinance, or exploring investment properties, our resources provide valuable insights to help you make informed decisions.

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From understanding mortgage terms to tips on securing the best rates, we're here to guide you through the process of financing your home, simplifying complex concepts and helping you achieve your property dreams.
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Mortgage Rates Predicted to Carry on Falling in 2025

14th October 2024
Mortgage Rates Predicted to Carry on Falling in 2025. Mortgage rates are anticipated to continue their decline, with forecasts suggesting another base rate cut in November. Here’s our most recent outlook on mortgage and base rates. UK mortgage rate forecast for November 2024 Mortgage rates are on a downward trend and experts suggest they could […]
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EasyKnock CEO Predicts Regional Disparities in Future U.S. Housing Market

11th October 2024
The U.S. housing market has experienced unprecedented changes since the onset of the COVID-19 pandemic. Just 2.5% of homes changed hands in the first eight months of 2024 — the lowest turnover rate in at least 30 years, according to a recent analysis by Redfin. This stagnation is part of the challenge faced by potential […]
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Investing in Luxury Real Estate: Key Benefits and Risks to Consider

1st October 2024
Luxury real estate has an undeniable appeal, whether it is for the prestige, the lifestyle, or the investment potential. For example, real estate in Limassol offers stunning waterfront properties with breathtaking views and proximity to vibrant city life, making it an attractive option for those looking to combine luxury living with a solid investment. But […]
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Halifax and Lloyds Increase Mortgage to Salary Ratio

3rd September 2024
Halifax and Lloyds Increase Mortgage to Salary Ratio Halifax and Lloyds, two of the UK’s largest mortgage lenders, have recently announced a significant change to their mortgage lending criteria, allowing prospective homeowners to borrow up to 5.5 times their annual income. This marks an increase from the previous limit of 4.49 times income and will […]
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Should you extend your mortgage term?

28th August 2024
  When financial challenges arise, extending your mortgage term might seem like a viable solution to ease the burden of monthly payments. However, it's essential to consider the long-term implications of such a decision. While extending your mortgage term can lower your monthly outgoings, it significantly increases the amount of interest you pay over time, […]
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The pros and cons of overpaying your mortgage

22nd August 2024
  Overpaying your mortgage can be a savvy financial move, but it's important to weigh the pros and cons before committing your extra funds. By understanding the pros and cons of overpaying your mortgage, you can make an informed decision that aligns with your financial goals and situation.   How Overpayment Works Overpaying your mortgage […]
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The Guide to Understanding Mortgage Maturation for Small Modern Homes

20th August 2024
Owning a home is a dream for many, but understanding the intricate details of mortgage maturation is crucial for anyone looking to manage their finances effectively. This guide aims to demystify the process, specifically focusing on small modern homes, which have become increasingly popular due to their efficiency and design. Let's explore the key elements […]
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The Mortgage-to-Salary Ratio

13th August 2024
  The Mortgage-to-salary ratio When buying a home lenders will consider your overall finances including any debt, your credit score, current salary and security before determining how much they are willing to lend. This benchmark is typically set at 4.5 times a borrower’s salary, this ensures that homeowners can manage their repayments without a heavy […]
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Understanding the Right to Buy Scheme

8th August 2024
   Understanding the Right to Buy Scheme The Right to Buy scheme is a government initiative in England and Northern Ireland designed to help secure tenants of council properties and housing association homes purchase their home at a significantly discounted rate. This scheme, similar to the Help to Buy scheme can help those struggling to […]
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Understanding the Help to Buy Scheme

2nd August 2024
What is the Help to Buy scheme? The Help to Buy scheme is a government initiative designed to assist first-time homebuyers and existing homeowners in purchasing a new-build property. The scheme launched in 2013 aiming to make homeownership more widely accessible by lowering the financial barriers which prevent many from getting onto the property ladder. […]
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Why a Lifetime ISA Could Be Your Best Financial Decision

2nd August 2024
  Should you have a Lifetime ISA? The Lifetime ISA (LISA) is an invaluable tool for both aspiring homeowners and those planning for retirement, offering distinct advantages that make it worth considering. Available to individuals between the ages of 18 and 39, the LISA presents a unique opportunity to save money with substantial government incentives. […]
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The Bank of England base rate falls to 5%; how will this affect me?

1st August 2024
  For the first time in two years, the Bank of England has decided to lower it’s rate to 5% from 5.25%. This remains a somewhat painfully high rate and banks will maintain their caution when it comes to making any changes. From mortgages to savings accounts, your personal finances could be changing.   What […]
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About Finance Monthly

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Finance Monthly is a comprehensive website tailored for individuals seeking insights into the world of consumer finance and money management. It offers news, commentary, and in-depth analysis on topics crucial to personal financial management and decision-making. Whether you're interested in budgeting, investing, or understanding market trends, Finance Monthly provides valuable information to help you navigate the financial aspects of everyday life.

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