In June of this year, the Bank of England estimated that 1.1 million homeowners were facing a situation of negative equity. – A situation where the outstanding mortgage is greater than the value of the house. So many face negative equity because of a rapid fall in house prices and the fact many mortgages were [...]

Here are the different types of mortgages explained…
What is a Fixed Rate Mortgage?
This type of mortgage is great for people who want to play it safe. The mortgage will be set at a fixed rate for X amount of years, then it will usually transfer to a variable mortgage. Your payments during the fixed [...]