5 ways to pay your mortgage off faster

Interest-Rates.Info - UK Mortgage & Property News - Birmingham Money - West Bromwich Money - Mortgage Brokers

Why pay tens of thousands in interest payments when that money could be spent on almost anything more exciting?

If you’re able to reduce the length of your mortgage term or make overpayments, the financial rewards could be huge.

Senior Mortgage Adviser for Natwest, Michael Gyapong, takes us through the top five ways to pay your mortgage off faster.

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Sharp rise in rental homes being sold as landlords flee buy-to-let sector

Interest-Rates.Info - UK Mortgage & Property News - Birmingham Money - West Bromwich Money - Mortgage Brokers

Landlords continue to flee the private rented sector with many actively looking to cut the size of their buy-to-let portfolios, leaving thousands of renters looking for somewhere new to live.

Analysis by TwentyEA had already revealed a substantial increase in landlords exiting the market or downsizing their portfolios. 

Figures released last month showed that that the number of properties ‘for sale’ that were listed ‘to let’ in the past three years had risen dramatically. 

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Survey reveals 71% of Brits believe that mortgages should be taught in schools

Interest-Rates.Info - UK Mortgage & Property News - Birmingham Money - West Bromwich Money - Mortgage Brokers

Soaring rates have made mortgages a hot topic in the UK. Despite this, the phrase ‘what is a mortgage?’ receives an average of 4,400 Google searches per month, indicating that many people are still confused about the subject. So, how many people actually understand certain mortgage-related terms, and how many are left scratching their heads?

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Will home improvements reduce my mortgage rate?

Interest-Rates.Info - UK Mortgage & Property News - Birmingham Money - West Bromwich Money - Mortgage Brokers

I’ve nearly finished a two-year fixed rate and starting to look at remortgaging soon. I bought my property at the end of 2022, and it needed quite a lot of work. I’ve upgraded the kitchen, bathroom and redecorated throughout.

When I bought the property it was £325,000 and it’s now worth £375,000. Will this be taken into account when I remortgage?

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